Sequestration Nation: A New Round of Fiscal Terrorism

Well boys and girls, we’re at it again. We’re at yet another “white-knuckle” fiscal deadline not unlike the fiscal cliff crisis a few weeks ago; the debt ceiling crisis; the debt ceiling crisis AGAIN, and so it goes. “Sequestration,” as the Merriam-Webster dictionary defines it, means “to place (property) in custody especially in sequestration” This word,…

The Great Debt Debate

As promised, an analysis of the outcome of the debt debate! Obama got his debt ceiling hike, and Republicans got their cuts….or did they? I want to put a few things in perspective before I start throwing the words billion and trillion around like confetti. Consider this: A million seconds ago, it was July 22,…

Baseline Funny Business

While I sit contemplating the yet-to-be-passed-in-the-Senate debt deal, I feel that many people mulling over this compromise lack an understanding of exactly what the proposed “cuts” in the bill mean. It’s not hard to see why. Most individuals, when constructing a household budget, do not typically plan ahead to spend more than what’s coming in.…