Month: January 2019

The Fleecing of Millennials

NYT Opinion Columnist, David Leonhardt,  wrote an article pointing out: “For Americans under the age of 40, the 21st century has resembled one long recession.  I realize that may sound like an exaggeration, given that the economy has now been growing for almost a decade. Their incomes are flat. Their wealth is down.  And Washington […]

Forbes – Has Our Government Spent $21 Trillion of Our Money Without Telling US?

Government Officials’ Mismanagement may have prevented 9/11. Their post 9/11 solution – Waste $Billions. NSA’s decision to scrap its inexpensive, in-house developed, and operational computer program THINTHREAD, which may have prevented 9/11 in favor of a plan to build a consultant driven, outsourced solution wasted billions of borrowed dollars and was subsequently scrapped. Who managed […]

Davos – A Bleak Warning on Global Division and Debt

DAVOS, Switzerland — World Economic Forum, (1/22/19)   A Bleak Warning on Global Division and Debt A surprisingly alarming letter from an influential investor who studiously eschews attention has already emerged as a talking point. The letter says mounting debt since the financial crisis could lead to a panic. The letter, written by Seth A. Klarman, a billionaire […]

Elected Politicians’ Mismanagement in Iraq Forced Taxpayers to Borrow approx. Two Trillion Dollars

America’s hubris in Iraq: the history – On Thursday, the US Army War College published a monumental and authoritative history of the Iraq War. Peter Bergen called it a devastating portrait of blunders — by Defense Secretary Donald Rumsfeld and other American officials — that cited “an emboldened and expansionist Iran” as the only apparent […]

Skyrocketing Deficits? So What!

In a Bloomberg article, “Skyrocketing Deficits? So What, Says New Washington Consensus” the Editor writes: “With its plaintive call for balanced budgets, the fiscal hawk once pervaded Washington. But it’s getting harder to spot one. That’s because of President Donald Trump, and the equal-and-opposite reaction he’s provoked on the U.S. left. Trump is proving as […]