Will Obamacare Raise My Taxes?

If you don’t understand something, it is up to you to get information. Seek out the truth. Ask the questions. Be sure you understand, before you blindly condemn or support.

What’s Wrong With The Cult of Shareholder Value?

In the early 1980s, when the first stirrings of global competition began to hit American shores, and computers started to make inroads into productivity gains, a generation of “corporate raiders” and disgruntled investors began proposing ideas…

Will “Buy American” Really Mean More Jobs?

An advertising executive-turned-consumer advocate recently made a short film and posted it on Youtube, and it’s getting a lot of attention. It’s also generating discussion about the ongoing “Buy American” campaign…

Bitcoin: A Future with Digital Currencies

Visions of frictionless, secure and direct payments have for years inspired digital currency design. Now the distributed, cryptographic technology found in Bitcoin means they may be reality.

Like the (Debt) Ceiling Can’t Hold Us….

They may be the lyrics to a hot pop song this summer, but those words apply just as appropriately to a massive ongoing fight in Congress, as well. Specifically, the debate concerns the debt ceiling, and whether or not it will be raised this fall. Currently Republicans are digging in their heels and declaring that they will not permit the debt ceiling to be raised unless they can get Democrats to make some concessions on the Affordable Care Act, also known as Obamacare. And as in 2011, they are again asking for deficit reduction and spending cuts. An aide for House Majority Leader Eric Cantor (R, VA) told The Huffington Post that the debt ceiling debate will possibly be used to influence Democrats regarding postponements or structural changes to the law. Not raising the debt ceiling amounts to allowing the country to default on its obligations, which the Obama administration refuses to negotiate over. So Just What is the Debt Ceiling? First, a quick word of explanation: the debt ceiling is a term that refers to the maximum amount that the United States can borrow. It is a number that is legislated by Congress, and it was implemented in 1917 to limit the amount of money that the Treasury could issue as bonds, in order to put a check on the President’s spending ability. When it was introduced, the President had a far greater ability to borrow and spend, but since then substantial changes have restricted that ability, so that many economists believe the debt ceiling is no longer even a necessary limit. Over time, Congress has had to raise the ceiling as spending approaches the limit. This has happened 39 times since 1980. It was raised 18 times under President Ronald Reagan.  Under President George H.W. Bush, it was raised five times; under Clinton, four times; under George...