Wednesday, February 24, 2010
Paul Volcker, former Chairman of the Board of Governors of the Federal Reserve System, recently commented that it is possible to reform Social Security. However, it appears as if the administration has ruled out the option of privatization and wishes to instill more of the same regarding the current entitlement programs. Social Security, Medicare, and Medicaid collectively present $100 Trillion in unfunded liabilities.
Posted by www.nydivide.org at 10:39 PM
Sunday, February 21, 2010
Instead of mailing a check to help reduce the national debt, one can now "donate" online. Also, Massachusetts taxpayers have the option to pay a higher tax rate. Why anyone would donate, or willingly pay more in taxes, to the government is unknown considering the abysmal failures to efficiently allocate capital by previous and current officials.
Posted by www.nydivide.org at 7:33 PM
Thursday, February 18, 2010
Supposedly, the Empire State Manufacturing Survey has indicated improved conditions in February 2010. Interesting since most of us bear witness to the statement in this WSJ article that "..... many industrial areas upstate are as rundown as Detroit".
The fact of the matter here is that business has been fleeing New York State (especially upstate) for decades now. Tom Golisano has donated tens of millions to children's hospitals in both Rochester and Syracuse and has now officially changed his residency to Florida. New York State should take the advice of this successful businessman and philanthropist and impose term limits on state politicians who have helped chase business out of New York.
Posted by www.nydivide.org at 10:47 PM
Sunday, February 14, 2010
Thursday, February 11, 2010
Tuesday, February 9, 2010
While everyone is concerned with Greece, PIMCO and Zero Hedge have already discussed a far greater risk in California. According to Jim Grant, of Grant's Interest Rate Observer, California makes up 13% of U.S. GDP. However, Geithner says not to worry about the U.S.
Posted by www.nydivide.org at 10:05 PM
Sunday, February 7, 2010
Saturday, February 6, 2010
An excellent article about a very creative and smart video, which will hopefully help spread the ideas and theories of Austrian Economics. Free markets seem to be an afterthought in the era of big government, as most American voters appear to be unaware of the dangers of collectivism and central planning.
Posted by www.nydivide.org at 5:45 PM
Friday, February 5, 2010
Wednesday, February 3, 2010
"..... government interventions create unintended consequences that lead to calls for further intervention, and so on into a destructive spiral of more and more government control."
Posted by www.nydivide.org at 10:32 PM
Tuesday, February 2, 2010
Although TARP is still widely discussed by the mainstream media (and government bureaucrats seeking populist support) this was only one of many programs created by the government to provide backstops to the financial system. The combination of the government guarantees at one point could have potentially cost U.S. taxpayers an estimated $23.7 Trillion according to Neil Barofsky. Some of these programs expired on February 1st:
Posted by www.nydivide.org at 9:30 PM
Monday, February 1, 2010
A new website created by the Federal Reserve Bank helps provide training for Bank Directors. The website answers questions such as, "What is a Bank?", and "What is Risk?". The website, however does not show senior bank executives how to tie their shoes.
Posted by www.nydivide.org at 6:00 PM