Monday, November 4, 2013

America’s Income – Who Has It?


  America’s tax system and the major social programs (Medicaid and Obamacare) are driven by income. The Social Security Administration has put out a report on income in America. The data covers all wage earners (153.6 million workers and the … [Continue reading]

Tuesday, October 8, 2013

Me and ACA

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  I tried a bunch of times to get on NYS's health exchange last week. Dead end. The site went down for 'repairs' over the weekend, but as of 8 AM today it was up and running.  Some thoughts. The first step is to get a user ID. For those … [Continue reading]

Wednesday, October 2, 2013

Obama – “I need a lever”


  As a long time watcher of Social Security I was shocked (yes, shocked) at the recent Congressional Budget Office (CBO) report on America's largest entitlement program. CBO concluded that the long term outlook for SS deteriorated substantially … [Continue reading]

Wednesday, September 25, 2013

Obamacare – An Unintended Consequence?


  Obamacare officially kicks off in nine days. What the heck is going to happen? I don't believe that anyone really knows. I'm concerned that there will be many 'unintended' consequences. Information has being coming out in recent days about … [Continue reading]

Friday, September 13, 2013

Verizon Rant


  I'm amazed at the Verizon mega bond deal. $50 billion gets raised on incredibly easy terms. Folks, this is acquisition debt; it's junk dressed up. And today we learn that a huge chunk of the paper is ending up in retail accounts (Link). The … [Continue reading]

Friday, September 6, 2013

No Correlation At All??


  Tom Perez got the job as Secretary of Labor just two days ago. All smiles with the Veep for the affair:     After the payroll numbers this morning Perez goes on CNBC and talks about how great things are, and what a good job … [Continue reading]

Saturday, August 24, 2013

Black or White?


  The following is a pic of a Malayan Tapir. Note the distinctive black and white markings of this animal.     Now consider this picture of Bernanke’s taper. It too has distinctive black and white … [Continue reading]

Tuesday, August 6, 2013

New Exciting Travel Destination for Young Americans?


  I typed in "Exotic Destinations, Cheap Accommodations" and Yemen comes back as an alternative. To be sure, this is no easy VaCa destination, so old fogies should consider a different holiday destination. That said, Yemen has a lot going for … [Continue reading]

Sunday, August 4, 2013



  - The Post Office has to come up with $5.6Bn by September 30 to pay for its share of health and retirement benefits. There’s not a chance in hell that this will happen. The PO has just 4 days of operating cash flow left in the till and has … [Continue reading]

Sunday, July 14, 2013

Trillions of Paper and a $1,000 Wager


  Social Security is sitting on a $2.8Tn portfolio of T Bills and Notes. Take a guess on how much of that was 'turned over' (redeemed/acquired/matured) in June of 2013? $600 Billion! 22% of the nut went back in forth in a single day. That … [Continue reading]