President Obama told the American people we have to “Eat our Peas” as encouragement for the nation to make the painful decisions to address our out-of-control federal deficits. To understand how many peas we would have to eat; a recent IMF report: “Who Will Pay and How?” determined that under a moderate growth “baseline scenario, [...]
READ MORE »Deflation is a concept many Americans have a tough time understanding. They do understand the concept of Social Security. As Federal budget deficits soaring, the public is being barraged by late night advertisements to buy gold as an inflationary hedge. Unfortunately, the deflationary environment we are facing today is the biggest threat to the Social [...]
READ MORE »Just as a frog will jump out of a hot frying pan, but will sit in water that slowly goes from cold to hot until he cooks to death; California’s politicians have sat quietly as the accumulation of chronic budget deficits bubbling up from an uncomfortably warm problem to a scalding hot crisis. Even the [...]
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