Relevant and even prescient commentary on news, politics and the economy.

Annals of Personal Fiscal Responsibility

by Tom Bozzo The McCains, poor little rich debtors: Mr. McCain and his wife had at least $225,000 in credit card debt and… Mr. Obama and his wife had put more than $200,000 into college funds for their daughters. The bulk of the McCains’ obligations stemmed from a pair of American Express credit cards that […]

What’s old is New Again

This NY Times piece is making a comparison to yesteryears when those mansions in Newport, RI were built. It starts with Sanford I. Weil of Citigroup and how he compares to Andrew Carnegie. First, how does this period compare: Only twice before over the last century has 5 percent of the national income gone to […]