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: 2012 » 02/2012 » 02/24/2012
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Income taxes are now bailing out Social Security

February 24th, 2012
in
I'll wager that the vast majority of taxpayers are completely unaware (as I was until today) of the fact that the payroll tax cut "stimulus" that was enacted in December '10 and extended through this year was financed by income tax revenues. This represents an ominous milestone in the history of Social Security, since it marks the first time that the program has ceased to be a government-run annuity program and now operates at least partially as a pure income redistribution scheme.

Bank Failure #10 in 2012: Central Bank of Georgia, Ellaville, Georgia

February 24th, 2012
in
Assets to ashes Feds in Georgia discover Deposits to dust by Soylent Green is People

GailForce: Afghanistan, Are Military Leaders Lying?

February 24th, 2012
in
A number of years ago while still in the military I was stationed in a highly volatile part of the world. The crisis was pretty intense and it was the first job I held where my boss was routinely on the evening news on both U.S. and world television stations. As has happened numerous times in history, the U.S. was attempting to solve the problem by bringing a considerable military presence to that part of the world. My job was the Command Briefer, in civilian terms think of network news anchor.

Mine The Vote

February 24th, 2012
in
Be sure to check out the NMA’s updated Mine the Vote website for mining- and energy-related election information.

Yen Breaking Down?

February 24th, 2012
in
It's worth pointing out just how terrible the Yen has been performing recently.  As shown in the first chart below, the FXY ETF that tracks the currency has completely fallen out of bed over the last few weeks.

Lawler: Declining Inventory of Existing Homes for Sale: Don’t Forget Conversion to Rentals

February 24th, 2012
in
CR Note: Yesterday I posted some thoughts on the sharp decline in listed inventory. Here are some additional comments from housing economist Tom Lawler:

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: all » 2012 » 02/2012 » 02/24/2012