It’s not really a new story, but things continue to advance, and it’s a useful reminder, to plan to live a long time. Unfortunately, it’s not something that most pension planners or entitlements reformers are taking into consideration. It implies that Social Security and Medicare are even more broke than we think.
Category Archives: Economics
The Labor Market Depression
…continues. That graph really demonstrates how economically clueless the Dems were with the “stimulus.”
Government Motors
The company is imploding, and Team Obama is lying about it.
So what else is new?
[Update a couple minutes later]
More thoughts from Mickey Kaus.
Ten Kicked Cans
…that could send the U.S. over a fiscal cliff.
The IPCC Lead Author
This is stupid. Do these charlatans really think that minority Senate staffers can’t read?
By the way, on Muller’s “conversion” from “skeptic” to “believer,” Judith Curry is unimpressed.
“You Didn’t Build That”
The darkness of collective punishment.
Leftists are completely tone deaf to this kind of thing, but as I wrote earlier, I think those four words sealed his fate this fall.
Milton Friedman
Happy one hundredth birthday! It’s a shame he’s not around to see it. Of course, if he were, he’d be pretty appalled by this administration (not to mention many Republicans).
[Update a few minutes later]
More from Thomas Sowell, and Kevin Williamson on the “economics of love.”
The Farm Bill
Could it die in the House?
I hope so. In fact, I hope there is never another one.
[Update a while later]
Link was broken — should be fixed now.
“Bin Laden Is Dead And GM Is Alive”
But GM is on life support.
I think this has the makings of a good Romney campaign ad.
[Update a while later]
Obama touts GM success as its market share declines along with its stock price.
The US Economy
…is not doing fine:
Earlier this year, the Obama White House predicted the economy would grow 3% in 2012. Today’s GDP report shows that ain’t going to happen. The Commerce Department said the economy grew at an anemic 1.5% annual rate from April through June, after a revised 2.0% in the first quarter. It now seems likely the economy will be lucky to grow at 2% for the entire year. And that’s after growing just 1.8% last year.
Check out the comparison between the Reagan recovery and the Obama “recovery.”
At this point, I think it’s fair to say that Obama built that.