Traditional Corporate and Government Pension Plans are Unsustainable Traditional Pension plans in which a government entity or corporate entity self-funds and manages pension benefits have outlived their usefulness for retirees. Such plans, intended to pay out guaranteed retirements, have proven … Continue reading →
Combined Legislation was never envisioned by the framers of the Constitution. Attaching “pork” to a bill or creating “omnibus bills” are ways that have been devised to pass laws that only benefit a very few people. Bills are combined to … Continue reading →
Income Inequality, Government vs. Private Jobs The United States has to rethink the nature and cost of government jobs. Government jobs, especially federal jobs are paying far better than the private sector. In 2008 federal workers averaged wages of $8,000 … Continue reading →
Entitlements are coming home to roost Government entitlement programs are coming home to roost. In June, scholars at George Mason University wrote, Pension plans operated by state governments on behalf of their employees are underfunded by an estimated $452 billion … Continue reading →
The Wikileaks site has created turmoil because it represents a contest between two major principles of governance: security and transparency. Modern political theory since Hobbes argues that security is the main reason for a government to exist. It creates a … Continue reading →
Last week General Motors went public. General Motors has been resurrected by a taxpayer bailout. When the company sought bankrupty protection, the US government bought the company through an infusion of $49.5 billion in cash. The company was restructured, closing … Continue reading →
Classification is Human The firing of Juan Williams over words that reflected cultural profiling raises an interesting study in human perception and stereotyping. For Juan Williams, while fired for admitting he was alarmed when he saw people dressed in Muslim … Continue reading →
Who Regulates the Regulators? The people who brought us the 2008 bailout for the real estate bubble, have now brought us the government intervention necessary to create a “consumer bubble.” The Dodd-Frank Act, signed into law on July 22, has … Continue reading →
Neither Left or Right Today we have strong movements on both the left and the right that are focused on either big government or large corporations. On the left, we have established liberals and anti-capitalist ideologues attacking Wall Street but … Continue reading →
British Petroleum’s disastrous oil spill in the gulf reflects a combination of problems from human laxity and mistakes by BP-hired workers and government agencies to systemic U.S. government problems related to regulatory agencies in general. In this regard, the oil … Continue reading →
