Earn What You Spend

It has become common to read about bankruptcies in businesses.  We all know the big names that went bust: AIG, Lehman, Bear Stearns.  But we also know those in our own locales: restaurants are closing, banks are going belly-up, retail stores shuttering.  What we often don’t realize is that governments - from cities to states to [...]

I disappear into a conference for a week, and when I re-emerge, a bill of unprecedented proportions has passed both houses of Congress.  The stimulus bill just passed the Senate.  It is impressive how quickly our government can act when prompted. Whether that is a good thing, I’ll leave it to you to decide. 
The bill, [...]

Yesterday Warren Buffett said of Barack Obama, “You couldn’t have anybody better in charge.”  I agree. 
Yet the challenges we face are unprecedented.  And as Obama himself has frequently reminded us, it isn’t going to be easy.  We’ve been digging this hole for years, if not decades - and it will take years to get us [...]

While there is some debate on the effectiveness of Obama’s stimulus plan - what is certain is that it will greatly add to our national debt. 
In a situation like ours, this is fine in the short run - Keynes famously advocated running a deficit to prop up spending and spur growth, and our failure to [...]

Perhaps it has become cliche to say that this is the most important election of our lifetimes.  But we do face unprecedented challenges on multiple fronts.  At similarly challenging times in our history we have risen together, in a collective and united voice, and brought about the change that was so desperately needed.  Our decision [...]