Submitted by CARPE DIEM

A natural system manages and heals itself. The economic system is no exception. The economy is not a “house of cards,” susceptible to collapse as soon as a few cards are dislodged, it’s more like a beehive. The future of the hive does not depend on full employment for all the worker […]

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Submitted by unsettling economics
California has a deficit estimated at $15 billion.  The state is legally bound to balance its budget, but it never does so by resorting to various gimmicks.
California requires a supermajority to approve any budget.  Republicans have said they will not accept any budget that involves tax increases and they have enough votes […]

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Submitted by CARPE DIEM

According to the Heritage Foundation, Entitlements are the greatest domestic challenge the nation faces.

These middle class retirement programs, Social Security, Medicaid and Medicare, cost more than $1 trillion annually (about the same as the entire economic output of Canada, the 13th largest ecoomy in the world, see chart above), and will cause […]

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Submitted by CARPE DIEM
Satellite radio talk show star cites ‘gangsterism,’ ‘communism’ for holding up the XM-Sirius merger.

I don’t care if God becomes a Democrat.’ I said, ‘I backed Hillary Clinton, I backed Al Gore, I backed John Kerry. I am done with them.’”

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