Why your 401(k) is vulnerable as tax reform plays out in Washington (Thanks “conservatives” in Congress)

We can NOT allow the 401k/IRA deductions to go away. I suppose if we instituted a flat tax of 5% we could contemplate it, but otherwise NO. This would constitute a massive tax increase on the middle class, and yet another assault on savers. That this is being bantered about with a GOP president, Senate, and House, is disgusting.

That’s right. Do the right thing. Put money away. Suffer the slings and arrows of the stock market.

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The Cannabis Caucus in Congress as seen by VICE (GOP and Dem)

The article comes from VICE with all the necessary virtue signalling about evil Republicans and so on but it is still interesting.

The Cannabis Caucus should expand. Frankly, every member of The Freedom Caucus should also be a member if they indeed stand for freedom, which it appears that they largely do.

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Why a Congress that’s protesting wasteful spending wants $77 million more for itself

Everyone wants something.

$77 million for Capitol Hill police and the Library of Congress is a relative pittance but it is the principle that matters. If this Congress is actually “conservative” (sic) spending should go down for pretty much everything. (Including the bloated military by the way.)

But we know that the “conservatives” in Congress don’t agree with the actual shrinking of government. We’ve learned that. But they do like to talk about it.

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PELOSI: ‘I don’t think people want a new direction’ (VIDEO)

Been here.

This dear readers, and particularly dear Democrat readers, is the leader of the Dems in the House of Representatives. Here she is. A woman who in spite of handing the House back to the Republicans years ago under her leadership, and after yet another bruising election for the Democrats which really has rendered the Dems almost a regional party, remains at the head of the party. Almost Castro style at this point.

The identity politics that has so defined the Democrats over the past 15 years or so has failed.

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Alan Greenspan knew the dangers of Fed manipulation, but he let the bubbles bubble to win political favor (and get reappointed)

We have said before that no Fed Chair was ever “free market.” This absolutely includes Mr. Greenspan. His legacy is one of a price fixer, an economic manipulator, a bubble blower, and ultimately one who in many ways ushered in the crony era we live in today.

But as we see in the attached piece from Sebastian Mallaby, Allan Greenspan, the one time “Maestro,” knew better all along. He knew that Fed policy could and typically did destabilize the real economy.

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