Financial Friday: Income tax simplification #taxcuts #taxreform

| November 3, 2017

On Thursday, the long awaited Republican tax reform plan finally saw the light of day after most political and financial watchers haggled over the unknown details most of this year. President Trump has made tax reform and cuts as his centerpiece agenda as essential to growing the economy and stimulating job and wage growth for […]

Rep Tom McClintock (R-CA) weighs in with Neil Cavuto

| April 5, 2017

As California Congressman Tom McClintock (R-CA) excogitated his ideas and explained the slow progress of repealing and replacing Obamacare with Neil Cavuto, he quoted one of his late fellow Californians, Paul Masson, "We will sell no wine before its time." How apropos to healthcare reform (listen or watch below). That wasn’t the only smart saying […]

Rep Paul Ryan is open to running for Speaker

| October 21, 2015

It looks like Rep Paul Ryan is open to running for Speaker of the House “if” all the political components in the Republican party can unite. In today's divided congress (not just Democrats and Republicans), this will not be a small task. I personally hope that this Miami grad (MU Ohio) will be able to […]

Jobs and improving wages depend on corporate tax reform

| February 24, 2015

CEO Steven Mollenkopf spoke with Maria Bartiromo on Sunday Morning Futures this past weekend about his company Qualcomm Inc. ($70.94 -0.58 -0.81%) and dealing with taxes and low interest rates impact his business decision making. About taxes, Mollenkopf commented that the high current U.S. corporate tax rates (graph below) encourage investment and job creation overseas […]

How about putting ALL that health care savings into a 529 plan?

| January 28, 2015

After 6-years of saving $2,500 each year on our “unchanged plan” or greatly improved “21st century” Obamacare health care plan, Democrats in congress and President Obama have made it possible for average Americans to have now amassed $15,000 (6 yrs x $2500) … no thanks to those Republicans voting against it (#sarcasm). And since getting […]

More of the same from President Obama after the SOTU

| January 21, 2015

After taking notes during the State of the Union address I went to bed disgusted rather than hopeful … even though I knew in advance the direction President Obama would be saying in his address. Call me sentimental or just hopeful, but I really thought that after the mid-term elections where, “make no mistake, his […]

The 40th annual LSSU list of banished words

| January 3, 2015

In keeping with tradition this time of year, Lake Superior State University (LSSU) has released their “banished words” for the 40th year.  The nominees totals “tens of thousands” but were narrowed down to 800 of the most annoying words and phrases in 2014 before giving them to the committee. Yes a few were appropriate for […]

Do you know what your student loan repayments are used for?

| December 14, 2014

A discussion between the host and guest on CNBC this week concluded that instead of saving college students money on their student loans that the government was using the repayments in other areas amounting to BILLIONS of dollars – ie. $19 billion for deficit reduction and Obamacare!  It seems the take-over by the Federal Direct […]

Remembering: A date which will live in infamy – FDR

| December 7, 2014

And the war with Japan began … To the Congress of the United States: Yesterday, Dec. 7, 1941 – a date which will live in infamy – the United States of America was suddenly and deliberately attacked by naval and air forces of the Empire of Japan. The United States was at peace with that […]

Obamacare remarks from Jonathan Gruber draw media scrutiny

| November 15, 2014

Some of the political hot-potato news this past week was related to self described “off the cuff” comments from MIT’s Jonathan Gruber a respected health economist. He helped craft President Obama’s health care law and was captured on video commenting about the “stupidity of the American voter” and suggesting the law was passed dishonestly (NYTimes). […]

Senator Ted Cruz is beginning to sound appealing

| October 30, 2014

The left, the media and even mainstream Republicans had me convinced that Senator Ted Cruz was not a viable candidate to put on the national ticket … and that his ideas were “just too radically conservative” for today’s America. BUT … listening to him for 6 minutes (below) on CNBC’s Squawkbox this morning, I’m not […]

Good grief … what else should our government subsidize?

| August 8, 2014

Even after the Sandra Fluke plea to congress over free birth control, is hard to believe the 2700 pages of Obamacare overlooked including feminine sanitary products? [/sarcasm] Tweet from noted feminist Jessica Valenti: Twitter friends: Anyone know a country where tampons are free or somehow subsidized? — Jessica ValentiJessica Valenti (@JessicaValenti) August 8, 2014

The Big Lie. Stocks are up, so the economy must be better

| August 4, 2014

While reading President Obama’s comments in The Economist, the same class-warfare ire continues to be flamed for those who believe those living in the United States are against each other: Poor vs. wealthy, CEO vs. employee, ambitious vs. entitled, black vs. white, Democrat vs. Republican, etc. Isn’t it possible that those CEOs and corporations being […]

Books: Reading “Duty” by Robert M. Gates

| June 15, 2014

As civil society’s long drawn out war on terror or GWOT continues dealing with Islamic terrorist organizations like al-Qaeda, the U.S. struggles in an effort to wind down military involvement and to leave political stability in Iraq and Afghanistan. After reading many of the biographies, political and history oriented books being published, I’ve gained better […]

The Keystone Pipeline and the Political Theater of the Absurd

| March 12, 2014

I keep thinking that something has got to give in Washington DC when it comes to the how the Obama administration and many in congress bog down the greatness of our country. The  lack of an economic recovery is hurting the middle class and there isn’t a commonsense reason for it. Take the debate over […]

It is embarrassing that they work for us …

| February 21, 2013

Really … something has to change in Washington DC. We’re borrowing TRILLIONS, yet the President jets around playing golf while the first lady and family heads to Colorado on vacation. Sure it only MILLIONS … In the another branch of our govenment, they pass reams of laws, bicker about raising more revenue (taxing us), pretend […]

Politicians are treating the fiscal cliff like a game of chicken

| December 28, 2012

Those old enough and wise enough to know how the sausage is was made in Washington DC have noticed a change in recent years. Politicians of different stripes and philosophies are no longer coming together for the common good … and the lack of a leader (aka: POTUS) willing guide congress is shocking. Here we […]

A Short History of Congress’s Power to Tax

| July 11, 2012

For those wondering about the government’s Constitutional power to tax as it relates to “Obamacare,” here’s an excellent history lesson OpEd. In 1935, Secretary of Labor Frances Perkins was fretting about finding a constitutional basis for the Social Security Act. Supreme Court Justice Harlan Fiske Stone advised her, “The taxing power, my dear, the taxing […]

Congress has the power to tax, be it for revenue or behavior

| June 28, 2012

It was a big news day on Thursday and by now all who were interested in hearing the Supreme Court’s conclusion are no doubt tuning-out the overwhelming amount of news and opinion … that is unless you are celebrating this as a victory. I personally was surprised by the court’s ruling and am now wondering where […]

Can average Americans get their heads around these numbers?

| April 19, 2012

Learning about Premium Support proposed to save Medicare

| March 4, 2012

We’ve all heard the “kicking the can down the road” metaphor as it relates to those we elect to govern the country and manage our tax contributions (or mismanage as the case may be). I’ve been trying to educate myself on one component my parents and my wife’s parent rely on – Medicare. I suspect […]

Tell congress how you feel about SOPA and PIPA-for or against

| January 18, 2012

Against my inner voice telling me not to bother, I wrote to my congressmen yesterday regarding the Stop Internet Piracy Act (SOPA) and Protect IP Act (PIPA). There are areas that I agree with and understand, but also way too many areas that will impact what most of us appreciate about the Internet. As written, […]

Rick Santelli of CNBC on taxes and Congress

| November 22, 2011

Even if you’re not a CNBC watcher or someone who focuses on the financial markets each day, you may have heard of Rick Santelli and his rant in 2009 during the peak of the U.S. financial bailouts. I included the clip in a post which many believed may have spurred the Tea Party movement (some […]

Deficit and debt debacle continues to drag on our economy

| November 21, 2011

The financial markets responded negatively Monday morning to the general conclusion that neither Europe or the U.S. can come to agreements over out of control spending. The congressional super committee charged with coming up with a solution telegraphed failure this weekend as neither Democrats or Republicans seem interested in compromising their positions. I ask you, […]

Who really influences congress and what does it cost?

| November 4, 2011

I had a brief, but friendly, discussion with a client who’s political views are 180 degrees apart from mine. We chatted about the role of government and eventually settled on a discussion around the problem of funding campaigns and lobbyist gaining influence in our government – something we both agreed was a problem. He was […]

Is Warren Buffett’s tax plan being presented correctly?

| October 1, 2011

I saw a CNBC interview with Warren Buffett the other day and didn’t realized just how twisted the “tax the rich” ideas had become. I’m not saying that I agree with either Warren Buffett or President Obama’s new tax proposals, BUT I was surprised to have them being reported as nearly one in the same […]

Debt ceiling, spending cuts and taxes: Deal or no deal?

| July 21, 2011

While Americans wait and watch politicians haggling in Washington DC, the stock markets seems to be banking on a deal. Mid day on Thursday, the NYTimes mid-day reported that President Obama and Speaker of the House John Boehner were close to a deal … only to have Whitehouse spokesman Jay Carney quickly say that there […]

The truth emerges regarding Rep Weiner’s tweeted photos

| June 6, 2011

Over and over again, “men” in powerful positions repeatedly show little self-control or respect for their elected positions (or their families) while serving in congress … or governorships or even as President. Today, the week long scandal involving Rep. Anthony Weiner (D-NY) and his Twitter account and the tweeting of images of himself to a […]

Are we prepared for a government shut down?

| April 6, 2011

The fiasco in Washington DC over the 2011 budget, legislation that should have been passed last year by the previous congress is coming to a head once again. Some think we’ll see another extension delay tactic, but entrenched politicians are getting louder and seem to be unwilling to compromise. There are those wanting to cut […]

Will we see any significant fiscal reform in 2011?

| February 16, 2011

Now that President Obama has delivered his 2012 budget, many conclude (even the President’s own Fiscal Commission), that there is a lack of leadership coming from the Whitehouse in dealing with America’s compounding debt. Obviously the problem isn’t going to go away without some control over how much money the US government spends and borrows, […]

Election Tracking Congressional Seats–semi-live blogging

| November 2, 2010

Just for the fun of it I’m tracking the election tonight as the results come in. My early gut call is that the Tea Party groups will run many of the incumbent Democrats out of office and give Republicans the House of Representatives.  In fact, I’m not really following the House race and believing it […]

Washington’s ‘uncertainty’ over taxes – Part 2

| September 24, 2010

Although I may offend some of my hardcore conservative Tea Party friends, I’m in agreement with Charles Krauthammer and enjoy his his columns and commentary (“offend” – in reference to his comments regarding Tea Party favorite Christine O’Donnell)  I appreciate his bright and intelligent arguments … from a conservative point of view … and was […]

Stephen Colbert discusses illegal immigration on Capitol Hill

| September 24, 2010

I was somewhat irritated to hear that comedian Steven Colbert was invited to speak to a congressional subcommittee… in character… about illegal aliens living, working, committing crimes and and basically leeching off US citizens. It did sound like a ridiculous way to spend taxpayer dollars (estimated at $125,000/hr), but in retrospect might be an effective […]

Playing politics with the unemployed

| July 20, 2010

Politicians in Washington DC seem to spend more time looking to gain political points on the back of those who are jobless than fixing the problem … part of which they, big government, creates. The Republicans in attempting to turn the focus on fiscal responsibility want to see and extension of unemployment benefits ‘paid for’ […]

You can only ignore the will of the people for so long …

| March 22, 2010

As the the Democrat’s health care bill passes under less than optimum circumstances, tempers and emotions flare in both congress and between citizens of our nation. My representative, the Honorable John Boehner, lead the Republican minority in a valiant fight, in this case speaking for the majority of people across our nation (video below).  Unfortunately […]

Blind to the lack of cost control in current health care legislation

| March 19, 2010

Personal Opinion post: I’m attempting to be understanding of those with different political philosophies than myself as they relate to reforming health care. That said, I can’t imagine those who support progressive social and economic re-engineering of our nation even stomaching the shenanigans currently going on in Washington DC? At times like these, it may […]

Will President Obama be held accountable for his promises?

| January 8, 2010

President Obama, for all the “hope and change” that was promised, seems to have no problem with the lack of openness and transparency being demostrated under his tenure. Obama’s promises of “openness” are empty … or perhaps only apply when concerning Republican leaders? For many, President Obama is a bigger disappointment than his predecessors  because […]

The new transparency in Washington DC – Where is it?

| October 29, 2009

For those citizens trying to follow the political goings on in Washington DC, it is irritating  to trying to figure out just what is being debated and discussed by those we elect to “do the people’s business.” The current health care debate and varies bills being proposed in the House and Senate are prime example […]

Rescue bill fails to pass in Congress

| September 29, 2008

It was a rough day on Wall Street, but nothing like it will be if they aren’t able to pass a bill to keep money flowing in the U.S. When paychecks are no long being cashed and layoffs start occurring in full force, their will be blood. For most, the losses are currently just on […]

Congress reports that they have a plan

| September 28, 2008

As I watch a bit of news before bed early Sunday morning, congress negotiators look to have come up with a ‘bailout’ plan. The whole group of leaders are walking out smiling at 12:28 AM and Nancy Pelosi announced that they have a “package to stabilize markets” and “protect citizens and taxpayer.” They still need […]

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.