Phillies!

Pension Woes

Downturn Clobbers Public Pension Funds

...one of the problems is that many public pension funds unwisely project that their investments will return 8 percent annually on average -- when in fact, returns could be far lower.

...


Will public pension go the way of airline pensions?

One Party Rule

the Republicans did have one-party rule in 2000-2006 and really did have all three branches of government under their control. Can anyone think of any major Republican leader in that period who argued that it was a bad thing and who urged voters to cast ballots for Democrats in order to restore some checks and balances? ...

Bush's Legacy

Suppress the Vote!

Handel denied the efforts to verify the vote are suppression. ...

Is the fix in?

Trickle Up Economics

The government will begin doling out $125 billion to nine major banks this week as part of its effort to contain a growing financial crisis, a top Treasury official said Monday. ...

That breaks down to $400 for each and every US citizen!

McDifferent

The Next Crisis: Pensions!

GM stops 401(k) payments ...

Elitist

Frustrated because of the traffic, Joe McCain called 911 to find out what was going on. The operator asked him to "state your emergency." ...

Then & Now

Any Questions?

Differences

McCain says Democrats will "tax and spend" ...

He promises to "borrow and spend" ...

($2,208.64)

Bush In: $10,587.59

Bush Today: $8,378.95

If you put $10,587.59 in a CD at 3% interest, it would be $2,461.61; making your DOW investement ($4,670.25) or a 44% loss!

Race Bait

$150,000 Haircut

($2,068.38)

Bush In: $10,587.59

Bush Today: $8,519.21

Gives new meaning to a Capital Gains Tax Cut!

The Real Deficit

Northwest New Hampshire

Decency & Civility

Freedom?

Christians flee Iraqi city after killings, threats, officials say ...

Bush Word Problem?

A president starts with an investment of $10,587.59 and after 7.75 years turns it into $8,451.19 AND the money loses 4% each year due to inflation.

What is the net gain or loss of his investment?

Answer: 51.2% LOSS

Why:

Inflation at 4% X 7.75 years is 31%

So 10,587.59 X 1.31 is $13,869.74 to keep value up with inflation.

Subtract the current value of $8,451.19 for a loss of $5,451.19.

Divide the loss ($5,451.19) by the inital value ($10,587.59) and you get:

51.2% LOSS

Bush League

Palin abused power in firing, Alaska panel finds ...

'We can solve this crisis'
...

Best Solution is November 4, 2008!

The Beggars Bailout

Time for truth: If Secretary Paulson sought venture capital financing in the private sector with his current proposal, the deciders would say: “Nice concept, come back with a business plan.” If he then fell to his knees and pleaded for money, saying he would go bankrupt within 72 hours, they would suggest counseling, not financing. ...

Seward's Folly

In addition, each member of the Palin family received $1,654 in state oil royalties paid to all Alaskans. ...

Why are we paying Palin's family $11,578 for a something WE paid in full for in 1867?