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Robert Rubin, President Clinton’s Secretary of the Treasury had a great op-ed piece in the Wall Street Journal yesterday. He said there’s five basic risks facing the U.S. if we fail to get our fiscal house in order. They are … Continue reading
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In 1980 President-Elect Reagan’s Committee on Economic Policy prepared a memo entitled “Economic Strategy for the Reagan Administration”. It’s an interesting and informative read because the U.S. is now like then facing significant economic issues. The memo cites the following … Continue reading
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In a previous post I used Mitt Romney’s 2010 tax return to draw your attention to how different tax rates apply to different income types, specifically capital and earned income. In this post I want to focus on capital itself … Continue reading
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Last night I had dinner with an old and dear friend. As happens between us we got to talking about the upcoming U.S. presidential election and the state of the union. As usual we had different ideas about what to … Continue reading
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Presidential hopeful Mitt Romney last week released summary information about his 2010 tax return. From my perspective, its a great jumping off point to explicate several financial literacy basics. In this post I’ll deal with tax and in the next … Continue reading
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You Can! Get your financial plan rolling with a little help from the FinancialPartner® Guidebook & Forms Set by Noverus publishing. In this digital age where everything’s on-line it’s really comforting to have this 180 page big print landscape oriented … Continue reading
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The federal budget is divided into 20 functional categories (e.g., national defense, health, energy, transportation), which are further divided into subfunctions. These functional categories provide a broad statement of budget priorities and facilitate the analysis of trends in related programs; … Continue reading
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The above analysis compares Federal budgets fiscal 2010 to 2007. I’ve chosen these two years to compare because the contrast is both timely (see Joint Select Committee on Deficit Reduction, i.e, Deficit “Supercommittee”) and politically revelatory. 2007 was the last … Continue reading
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In this post I’ll begin arguing the case for making ‘civics’ (at a minimum a review of the United States budget and its implications ) an essential component in financial literacy education. I believe it’s absolutely necessary because government’s a … Continue reading
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