While big-spending President Barack Obama balks over a paltry proposed cut of about $2 trillion (which won’t even make a serious dent in deficit spending over the next decade when we’re currently over-spending by more than $1.5 TRILLION a year), Senator Tom Coburn (R-OK) is showing both parties how to get serious about spending by proposing $9 TRILLION in cuts.
When a conservative–especially a “traitorous” conservative woman–says something that isn’t backed up by seven sworn witnesses and videotape from three different angles, this is more than enough cause for the “mainstream” media to loose the hounds of Hell to inform the American people of their henious act and demand that the conservatives’ birthday be taken away. When a liberal such as Barack Obama tells a flat-out lie…there’s nothing to see here. These aren’t the droids you’re looking for. Move along. Move along.
There is so much fraud and abuse in Medicaid (and Medicare) that could be cut from budgets without affecting those who are truly in need, but most is off-limits to the politicians who are only interested in buying votes. It is like a family demanding local restaurants and their grocer lower prices for them because they need to cut their food bill, while continuing to eat out several times a week and to buy only the best cuts of meat, much of which ends up in the trash. You and I would think they were nuts.
One of the main selling points for ObamaCare (for any socialized health care scheme) is the ludicrious claim that it will lower costs. What happened when Governor Mitt “RomneyCare” Romney and a gang of socialist Democrats imposed socialized health care on the people of Massachusetts in 2006? The opposite of what was promised: higher premiums, higher costs overall, and long wait times for care. Is this the direction we want for America?
Mitt “RomneyCare” Romney says he doesn’t like the Kyoto Protocol global warming treaty. However, it isn’t because he doesn’t believe in the hoax of anthropogenic global warming (he does), nor is it because he doesn’t believe in loading down America with unnecessary emissions controls and increased costs for consumers (he does), it’s just because Kyoto was too easy on other nations. Romney has made it clear what he will do if elected: “I will work on a global basis to get other nations to combine to reduce our greenhouse gas emissions in a way that is fair to us and the other people of the world.”
Concluding my three part series in celebration of our nation’s 235th Birthday, we will look at arguments advanced by both sides. Last week we ended with the question, who were the Federalists and the Anti-Federalists and why does it matter to us today? This week we will learn the answers to the questions. Who was debating? What did they have to say? Who won? And, why does it matter to us today? The Federalists had the momentum from the beginning and they were wise enough to appropriate the name Federalist.
Adding bonds to an all-stock portfolio can boost returns and lower volatility, especially in choppy markets. Bonds should be a small but important part of your gone-fishing portfolio allocation. The purpose of a gone-fishing portfolio is to set a simple allocation for each asset class so you can sleep at night and rebalance once a year. Keep some in bonds so you have stable investments with which you can rebalance if the markets fall in value.
By the time the middle of July rolls around every year the summer is half over, everything “summerish” has been done. It really becomes the lazy part of the calendar before school starts. But press coverage goes on every day. Today’s column gives a sampling of what is happening right here in South Dakota.