Tag Archives: Debt

California: Going Full Retard

In the movie Tropic Thunder, Robert Downey Jr.’s character is discussing method acting and a recent role of Ben Stiller’s character when he suggests: Check it out. Dustin Hoffman, Rainman, look retarded, act retarded, not retarded. Count toothpicks to your … Continue reading

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Postal Service: Poster Child For Obamacare

Zero Hedge reports on the latest news from the United States Postal Service: The epic collapse of one of the most bloated government institutions continues at a ridiculous pace. From Bloomberg: U.S. POSTAL SERVICE LOST $5.2 BILLION IN THIRD QUARTER … Continue reading

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Amtrak and the Normalcy of Debt

If you’ve never heard of a P&L, or had to make payroll, or you’ve worked for government all your life, Amtrak’s loss on food service, as reported by the Washington Examiner, won’t seem like that big of a deal: Taxpayers … Continue reading

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California Doom: A Perfect Storm Of Fail

The hostile business climate in California continues to force business out of the state. From the Daily Caller: “Part of [moving operations to Texas] was the cost of doing business in California,” Ronald Mittelstaedt, CEO of Waste Connections, told CBS … Continue reading

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Just Do The Math

Ending the Bush tax cuts for incomes over $250K will bring in an estimated $850 billion over 10 years. That’s a lot of money. There’s just one little problem. $85B a year doesn’t mean much when paying on a trillion … Continue reading

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Zuckerman: Real unemployment rate is around 15 percent

From US News and World Report: What do you want first, the bad news or the even worse news? The bad news is the disappointing June unemployment numbers released by the Bureau of Labor Statistics. The worse news is that … Continue reading

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Califonia’s Balanced Budget is a Catastrophic Economic Tsunami

In 2010, to help motivate our Legislators, Californians voted to dock legislative pay when the State’s budget is not passed on time. We should have known our slimy representatives would find a shameful, selfish and inevitably destructive way to game … Continue reading

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