This was sent to us from a friend of ACC. Though the story is from January the legislation is I am sure still kicking around The Hill. It sounds like a good idea to us.
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.
If ONLY we could have a real government shutdown. How much do you want to bet that the memorials on The Mall remain open this time. (Unlike the shutdown under Obama.)
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.
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.
It was a very good speech. No doubt about it. Better than anything at The Oscars that’s for sure.
Ah yes. Junket jets.
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.
This is a very interesting discussion with one of the “good guys” in Washington (there are a few) on the nature of government and where we have gone wrong.
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.