Go to Top

October 2013

If only Congress would get out of the economy’s way

A few things became clearer during the recently ended federal government “shutdown” and debt ceiling crisis: 1. Our political system has deteriorated to the point where each side of the political spectrum is willing to push to the very brink of disaster before even the most basic remedial action is taken. 2. The “level” of the debt is really not the issue; it is the growth rate of that debt …Read More

It’s Not the Debt Level, It’s the Economy (Stupid)

All credible projections of federal spending show entitlements, especially Social Security and Medicare/Medicaid, exploding in coming years — unless, that is, Congress and the President do something to fix the situation. In 1982, projections were that Social Security faced insolvency by 1990. But that didn’t happen because President Reagan and House Speaker Tip O’Neill reached a compromise and a solution that kept the Social Security program viable for a while …Read More

Investors May Ultimately Thank Washington for Gridlock

The markets have been fixated on the political standoff in Washington, D.C. Through Friday, October 4th, the S&P 500 was down in 9 of its last 12 sessions. The uncertainty, especially over the debt ceiling and possible “default,” has made investors hesitant to make longer-term commitments with their investible funds. Nevertheless, the data from the private sector, especially of late, has been much stronger than earlier in the year. Consider: …Read More

Nevada must join ranks of business-savvy states

I was quite surprised when I got up last Tuesday to find that all of my utilities were working, including TV; my trash had been picked up; and, when I drove to work, the traffic lights were operating, the schools were open and I even spotted a couple of local police patrol cars. It appeared to be a normal Tuesday morning.Well, I wasn’t really surprised. But I would have been …Read More