Posted by taxguru on April 3, 2013
From Argus Hamilton:
President Obama named April as National Financial Responsibility Month. He wants young people to learn how to budget. In a related story, President Obama told everyone not to sweat the unemployment rate because the depression is covered under ObamaCare.
The White House admitted Friday that ObamaCare is causing health insurance costs to rise. They had promised that the costs would go down and you could still keep your doctor. Unfortunately your doctor has retired but you still have plenty of choices, like in Los Angeles, where you can get the drugs you need from either the Crips or the Bloods.
Washington Business Monthly reported a real estate survey Monday which said that Washington D.C. is the least affordable city in America. That’s misleading. It takes a lot of money to live in Washington D.C. but most of it is borrowed from China and never paid back.
The U.S. Bankruptcy Court allowed Stockton, California, to go bankrupt Monday which sparked fears of a domino effect in the Golden State. Now bond investors won’t get their money back. If the Supreme Court didn’t like our prison overcrowding before, they’re really not going to like it when the entire state is walled off into one giant debtor’s prison.
The New York Times published a length study entitled Social Class in America which factored in education, income and occupations. It’s much simpler than all that. In America, you’re in the upper class if your name is on the building, you’re in the middle class if your name is on your desk, and you’re in the working class if your name is on your shirt.
President Obama told reporters Thursday that his NCAA tournament brackets were completely busted. The president sighed and said they may have been the worst picks he ever made. This means the President’s Council of Economic Advisors has lost the crown.
California lawmakers weighed a bill requiring mattress manufacturers to take back used mattresses from consumers for recycling. The companies are thrilled. After what happened in Cyprus two out of three mattresses will be stuffed with someone’s life savings.
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