Failed bailout bill may have authorized privatizing social security

Unlike some in Congress, I took the time to read the House version of the proposed bailout of Wall Street.  It failed and I believe that was the right thing. In Section 118 of the House bill under “funding” the bill said "the Secretary [of Treasury] may use any authority…

Continue ReadingFailed bailout bill may have authorized privatizing social security

The current proposed bailout is only a Band-Aid

The real problem with the economy of the United States is massive debt.  Sooner or later, we're going to have to change our ways, and it's not going to be pretty.  How much work? Consider this description of the amount of debt, by Kevin Phillips: We're not just looking at…

Continue ReadingThe current proposed bailout is only a Band-Aid