Salt of the US

“A democracy...can only exist until the voters discover that they can vote themselves largesse from the public treasury...the majority always votes for the candidates promising the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy.”

Monday, March 8, 2010

Daily Read - 3/8/10

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Another broken campaign promise, or a promise that should have never been made?  A Congressional panel is considering whether "mass kil...
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Weekend Read - 3/7/10

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Need a bait shop?  There's an app for that, reports the Baltimore Sun's Jay Hancock.  (pictured, right) "An air traffic contro...
Friday, March 5, 2010

Daily Read - 3/5/10

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"Federal workers earned an average salary of $67,691 in 2008 for occupations that exist both in government and the private sector, acco...
Wednesday, March 3, 2010

Daily Read - 3/3/10

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For 15 years, a California hardware store put out coffee and doughnuts for their morning customers.  Not any more - due to an "anonymou...
Tuesday, March 2, 2010

Is the Word "Teabagging" Offensive?

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Opponents often refer to members of the Tea Party movement as "Teabaggers," who respond that it is an offensive term.  Is it?  Acc...

Daily Read - 3/2/10

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Nicholas Kristof had an interesting column in Sunday's NY Times about the growing role of religious conservatives in humanitarian effor...
Monday, March 1, 2010

Daily Read - 3/1/10

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Sen. Jim Bunning of Kentucky is taking a lot of heat today for blocking a bill containing extensions for unemployment benefits because he is...
Wednesday, February 24, 2010

Health Insurance Reform Should Be About Better Insurance, Not Entitlements

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Hedge fund manager Cliff Asness writes in a Bloomberg article that true health insurance reform should focus on restoring the true purpose ...

Daily Read - 2/24/10

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Keith Hennessey has a good summary of President Bush's record of passing major bipartisan legislation. Interestingly, it includes items ...
Tuesday, February 23, 2010

Obama the Financial Procrastinator

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Banks continue to fail at an alarming rate. The chart below summarizes bank failure data from the FDIC by quarter. Q1 2010 looks like an im...
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About Me

Salty American
Financial professional pondering political and religious life in America.
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