False Alarm

I have never taken seriously the concerns by the big government fans linking the stock market decline to the efforts to allow people to have some control over their retirement funds. As I have always said, and is echoed in this piece, only an idiot would put all of his/her retirement funds in high-risk speculative stocks. Practically any investment would yield a better return than the Social Security Ponzi scheme. In fact, in most cases, you could put your money under your mattress and still be better off than flushing it away with our rulers in DC.

KMK

Tax Cuts Not Gonna Happen?

You can’t say National Review doesn’t have a breadth of opinion on topics, both on their main page as well as on their blog. Just the other day, they had an optimistic article by Bruce Bartlett on the likelihood of new tax cuts being enacted before the end of this year. Then, they have this piece from Joel Mowbray claming that there is no chance of that happening.

There couldn’t be a better illustration of how disorganized our rulers in DC are than this. Of course, the possibility of heavy military action does change the national priorities somewhat. It also reinforces my constant warning to only act on tax laws that are really here and don’t make plans on any that are promised.

KMK