Monday, February 22, 2010

School budget problems in a recession

So the value of the funds supporting the pensions have gone down, just like our 401k's, but then they need to increase the contributions to the pensions, in a recession. That's going to go over well. An article Even More on the Coming War Over Public-Sector Pensions shows the problem showing up in Fairfax, Virginia, as well as the dishonesty going on in selling the public on the $90M tax increase they want to pay for this.

Wednesday, February 3, 2010

On the problem of leaving national debt to our children

So the average child born "inherits" almost $50,000 of debt, but what does that mean? Basically that they have higher taxes to look forward to, and as such less money to spend as they choose, a lower standard of living.

Sign of the times

Got a laugh out of this one found here.