My respect for the Freedom Caucus has slipped in a major way. It will take a long time for Republicans to recover from the damage they have done. ===== WSJ 3/28/2017 The full dimensions of the GOP’s self-defeat on health care will emerge over time, but one immediate consequence is giving up block grants for Medicaid. This transformation would have put the... Read more
Archive for the ‘Economics’ Category
The GOP Entitlement Caucus
March 30 | Posted by mrossol | Economics, Republican(s), Tax Issues, The RightBill Gates on Robots
March 30 | Posted by mrossol | American Thought, Economics, Tax Issues, TechnologyBill Gates is a smart guy, but I think he is missing the point with his view of robots and the impact on jobs. ===== WSJ 4/26/2017 By Andy Kessler Bill Gates, meet Ned Ludd. Ned, meet Bill. Ludd was the 18thcentury folk hero of anti-industrialists. As the possibly apocryphal story goes, in the 1770s he busted up a few stocking frames—knitting machines used... Read more
The Next American Farm Bust Is Upon Us
February 9 | Posted by mrossol | American Thought, Economics, TechnologyEcclesiastes 1:9-11 What has been is what will be, and what has been done is what will be done, and there is nothing new under the sun. Is there a thing of which it is said, “See, this is new?” It has been already in the ages before us. There is no rememberance of later things yet to be among those who come after. ======== WSJ 2/8/2017 ... Read more
A New Retirement-Income Option for IRAs
February 7 | Posted by mrossol | American Thought, EconomicsHas some down-sides, but might be worth a look. ===== By ANNE TERGESEN – WSJ Updated Sept. 10, 2015 1:51 p.m. ET A new product intended to help retirees avoid running out of cash late in life is now available to holders of individual retirement accounts at Fidelity Investments. The Boston financial-services company said Thursday it has begun offering “qualified longevity annuity contracts” from... Read more
Everything about 401(k) and IRA Withdrawals
February 7 | Posted by mrossol | American Thought, Economics, Personal, Tax IssuesFound this very helpful. But of course, it fits my demographic, now. Doesn’t it? ====== By LAURA SAUNDERS WSJ Feb. 5, 2017 10:12 p.m. ET If you are one of the millions of Americans with a retirement-savings account, three of the most important letters in your financial life might be these: RMD. They stand for required minimum distribution, which is something that the nation’s... Read more
Bernie Bashes Wallstreet
February 9 | Posted by mrossol | Economics, Politically correct, The LeftSo, this is ‘Big, bad, Wallstreet, eh?’ ============== By Bret Stephens, Feb. 8, 2016 7:14 p.m. ET Last Friday a crane collapsed in lower Manhattan, killing a man named David Wichs. The next day the papers told the story of his life: a Jewish immigrant from Czechoslovakia; a math whiz with a degree from Harvard; a thoughtful neighbor and husband; “the nicest,... Read more
