Archive for October 23rd, 2017

It’s that time of year again when Congress debates the federal budget. For most Americans, it’s a turnoff. The dollar amounts are monstrous trillions, not billions. The vocabulary of government finances (budget-speak) is baffling. Little wonder people tune out.
For the weary and confused, I offer a brief budget primer below. Here’s what I think is important and why.
1. Over recent decades, there has been a vast reordering of national priorities, away from defense and toward the welfare state.
From the 1950s through the late 1960s, defense spending often constituted nearly half the…

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Robots are having a bad month. So are other new technologies and the companies that develop them.
Last week the New Yorker had a cover depicting a world taken over by robots. Just a couple of days earlier, the New York Times Sunday magazine featured an article by author Noam Cohen, voicing criticisms of the technology industry. In it, he cited some worrying trends, such as the use of Facebooks platform to influence the 2016 presidential election by stirring up racial anger.
Cohen describes Silicon Valley as a wrecking ball that could smash the foundations of our society….

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Apparently eager to not be associated with the kind of people who grow rich by virtue of removing unease from our lives, along with those who grow wealthier by virtue of investing in those striving to remove unease from our lives, the Republicans and their President in Donald Trump are doing cartwheels to ensure that their proposed tax cuts do not reduce taxes on the “rich.” In a fairly predictable move lifted from the political playbooks of the 20th century, the Republicans have essentially washed their hands of people like the late Steve Jobs, along with families with names like…

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The great speeches of history tend to be pretty easy to identify in retrospect. After all, it’s convenient that all sorts of people have published countless books serving up and/or debating these pearls of oratory. But some speeches that matter often were hard to identify upon delivery.Former President George W. Bush delivered a speech in New York City on October 19. I don’t think one can say it was necessarily a great speech, but in a few key ways, it turned out to be the right speech at the right time.Bush, of course, is hardly beloved by all, especially given the ongoing and probably…

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The cypherpunks who created Bitcoin face off against the Silicon Valley CEOs who popularized it. But could the battle doom the original cryptocurrency itself?

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States most heavily dependent on international trade could lose out as trade deals are tweaked. Many backed Trump last year.

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Pensioners, savers and investors have for decades relied on the success of the GE share price and its clockwork payouts of dividends.

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RealClearPolitics will host a conversation with Kevin Brady (R-TX), Chair of the House Ways & Means Committee, on Tuesday (10/24) at the W Hotel in Washington, D.C. Tickets can be found here.
Last Week: The Senate passed their FY-2018 budget resolution this past Thursday, allowing the tax reform drumbeat to continue. It passed 5149 with Kentucky Senator Rand Paul as the lone GOP opposition vote. The fiscal hawk expressed concerns about not pairing the tax cuts with reductions to spending on entitlements such as Medicare and Medicaid. Thad Cochran, the Senior GOP Senator from Mississippi,…

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Congress is speeding toward a budget plan that, to permit tax cuts, lets the government collect $1.5-trillion less revenue for the next 10 years.

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President Donald Trump said there will not be changes to tax-deferred retirement savings plans under his proposed tax plan, shooting down reports that House Republicans were considering tweaking or capping one of the most popular breaks.

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Find out what Congress wants to take away from you now.

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The U.S. retirement age is rising, as the government pushes it higher and workers stay in careers longer.

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President Donald Trump said there will not be changes to tax-deferred retirement savings plans under his proposed tax plan, shooting down reports that House Republicans were considering tweaking or capping one of the most popular breaks.

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With today's historically low interest rates, it may make more sense to keep your 30-year mortgage.

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The U.S. retirement age is rising, as the government pushes it higher and workers stay in careers longer.

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