Sustainable Government Archive

Health Insurance Is Not Health Care

By John Lumbard, CFA. In late December movie mogul Michael Moore, writing in the NY Times, described Obamacare as “awful” and said that he’d known this all along---but didn’t want to say so because it would give comfort to the President’s “enemies”.  Maybe it’s time we stopped the hyper-partisan hyperventilating, and...
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Young In America

By John Lumbard. According to The Daily Kos, 27% of recent college graduates (ages 21 to 24) are either unemployed or underemployed.  The Democratic Underground says that recent college graduates earn $3,200 less than they did 13 years ago.  Of course, it’s not just college graduates;  low starting salaries and meager...
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(Dis)Ability

By John Lumbard. Guy walks into a bar, orders a beer, and stands there drinking it while he watches a Bruins game.  Orders another beer, and stands there drinking it . . . While he’s drinking the third one, he’s asked what he does for a living . . . . “I’ve...
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On Taxes and Growth

By James Schaefer. The U.K.'s Chancellor of the Exchequer, George Osborne, wrote an op-ed recently in the Wall Street Journal ("How Britain Returned to Growth", December 17, 2013), on Britain's changes to their tax rates and spending as a means of stimulating growth of the British economy.  The results were dramatic. They...
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Bipartisan Tax Reform Is Underway; Your Input Is Wanted!

By James Schaefer. The non-partisan Tax Policy Center of Washington, DC, calls the current Internal Revenue Code "an incomprehensible mess." The latest good news on tax reform has shown up in an article by Laura Saunders in the Wall Street Journal ("Will 'Tax Reform' Really Happen?", Aug 3-4, 2013; the article is...
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The Obama Tax Cuts

By Drew Kellner, CFA. In the final days of 2012, as the Bush Tax Cuts were about to expire forever, the sitting President pressed to make them permanent for nearly every American.  There was a brief debate about whether “nearly every” meant 98% or 99% of all taxpayers (in the end...
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On Savings and Debt

By James Schaefer. Some years back, at an annual company off-site retreat, a presenter was elaborating on money.  He gave many definitions, then asked us to think of money in a slightly different way.  Rather than thinking of it as a medium of exchange, he asked us to think of money as...
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Non-Partisan

By John Lumbard, CFA. When we launched this blog in January of 2010 the federal debt stood at $12 trillion.  The debt owed to the public (not including, that is, the US Treasury bonds held in the Social Security and Medicare trust funds---which Congress doesn't have to pay interest on or...
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Whence We Came

By James Schaefer.   The original colonists of America and Canada were risk-takers -- by definition, a self-selecting group of people -- willing to leave behind family and culture and language and all that stood for civilization to cross an ocean in search of a better life. No government handouts awaited them. That entrepreneurial spirit...
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Are We Like Greece?

By John Lumbard. The fear that Europe will drag the U.S. into a recession is ebbing, and it's about time.  It's likely that Europe is already in a recession, but we're not---and there's little reason why we should be, because our exports to the continent are only worth about 4% of our...
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