Tag: "borrowing"

Retiring Soon? Pay off the House First

In 2011, the first of some 78 million baby boomers began retirement.  By the year 2031, the last year of the boomer generation will reach their full retirement age (67).  Many will consider moving to a less costly, low-tax state in an effort to reduce their living expenses.  However, more than half of those on […]

Climbing the Fiscal Mountain

Note: Guest blogger Lewis Warne, an NCPA research associate, gives his thoughts on the fiscal cliff…or is it a mountain? The fiscal cliff looms ahead, but the fall is so far only because we blindly walked up a mountain of spending. Over the past 30 years there has been a severe lack of fiscal foresight and […]

The QE3 Is Sinking and We’re Just Rearranging the Deck Chairs

cheap soft viagra I could spend this blog post crowing about the Fed’s recent decision to print more money (er…uh…quantitative easing round three or QE3, as it is termed), but since I have found that I am not alone in my doubts about its effect on the economy, I will instead share links to others […]

Interest Rates…the Good, the Bad, and the Ineffective

win men If Dr. Phil were an economist, he might ask the question, “How are those interest rates working for ya?” It seems that low interest rates are quite the mixed bag these days. And several different takes on them just happened to appear in three news articles today. First, the good news – sort […]

Pension Funds: What Not to Do

A word to the states and the people:  ignore what the federal government is doing in terms of how to manage a budget.  Among the dire predictions about the solvency of state and local employee pension funds (see our NCPA study on this topic), Treasury Secretary Timothy Geithner recently announced that unless the debt ceiling was […]

A "Blame the Wealthy" Budget Speech

According to President Obama, the Bush tax cuts, in particular the ones that went to the the wealthiest 2 percent of taxpayers, are to blame for the budget mess that we're in.  This statement comes as no surprise; in 2009, President Obama threatened to raise taxes on the wealthiest 2 percent by allowing their lower tax […]

From the Department of "Unintended Consequences:" More Bank Fees

I don't think anybody needed to get out the crystal ball to see this one coming:   According to the Wall Street Journal, now that the new credit card laws are in effect that all but prevent financial institutions from pricing credit card usage based on risk, banks are looking to recoup revenue losses by spreading costs […]