Economics

It’s Not Just Flint – Water and Sewer Infrastructure is Deteriorating Across The USA

It’s Not Just Flint – Water and Sewer Infrastructure is Deteriorating Across The USA

  Shocking: America’s Crumbling Water Infrastructure   As prospects fade for bipartisan infrastructure legislation, a new report highlights the dire consequences to public health and safety that will result from continued deterioration of the nation’s underground water networks. Beset by over 300,000 water main breaks each year, America’s underground water pipes are showing the effects […]

Social Security: What Would Happen If the Trust Funds Ran Out?

Social Security: What Would Happen If the Trust Funds Ran Out?

  Should I Defer My Social Security Payout?   Social Security’s income and outlays are accounted for through two federal trust funds: the Federal Old-Age and Survivors Insurance (OASI) Trust Fund and the Federal Disability Insurance (DI) Trust Fund. Under their intermediate assumptions and under current law, the Social Security trustees project that the DI […]

“The Complacent Class”

“The Complacent Class”

The Complacent Class (Episode 1/5) Compare today to the 1950s. At that time, a typical apartment in New York City rented for about $60 per month, or, adjusting for inflation, about $530 a month. … Or to put that 1950s rent in perspective, the U.S. median wage at that time was about $5,000 a year, […]

Rent or Buy?

Rent or Buy?

2. The only true sign of a bottom is a price low enough so that you could rent out the house and make a profit. Then you’ll know it’s pretty safe to buy for yourself because then rent could cover the mortgage and ownership expenses if necessary, eliminating most of your risk. The basic buying […]

Posted in: Economics, History
Frugal Living and The Tightwad Gazette

Frugal Living and The Tightwad Gazette

Over the years our average income has been less than $30,000 (including my husband’s Navy salary and all allowances, plus my spotty freelance income). In less than seven years we saved $49,000, made significant investment purchases (vehicles, appliances, furniture) of $38,000, and were completely debt free! That is an annual savings/investment rate of over $12,500 […]

Quantitative Easing (QE) Explained

Quantitative Easing (QE) Explained

  Clarke and Dawe – Quantitative Easing     Courses Congressional Operations Briefing – Capitol Hill Workshop Drafting Federal Legislation and Amendments Writing for Government and Business: Critical Thinking and Writing Custom, On-Site Training Congressional Operations Poster, with Federal Budget Process Flowchart Federal Budgeting, a Five-Course series on CD Congress, the Legislative Process, and the […]

Bailouts Explained – Clarke and Dawe: European Debt Crisis

Bailouts Explained – Clarke and Dawe: European Debt Crisis

Clarke and Dawe – European Debt Crisis     Also see Federal Debt; Budget Deficit / Budget Surplus; Date Shifting / Fiscal Transparency / Fiscal Illusion; Public Debt / Debt Ceiling; “We Don’t Want Your Clunkers“.     Courses Congressional Operations Briefing – Capitol Hill Workshop Drafting Federal Legislation and Amendments Writing for Government and […]

Unemployment Rate / Employment-Population Ratio  (CongressionalGlossary.com)

Unemployment Rate / Employment-Population Ratio (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Unemployment Rate / Employment-Population Ratio   Unemployment and the Unemployment Rate   As defined by the Bureau of Labor Statistics (BLS), the number of people who do not have jobs but have actively looked for work in the prior 4 weeks and are currently available […]

Budget Deficit / Budget Surplus (CongressionalGlossary.com)

Budget Deficit / Budget Surplus (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Budget Deficit / Budget Surplus   Lesson 1 National Debt & Budget Deficit Explained   The relationship between spending and revenues is reflected in the surplus or deficit figure. A surplus is an excess of revenues over outlays, while a deficit is an excess of […]

Deflation / Inflation / Real Dollar (CongressionalGlossary.com)

Deflation / Inflation / Real Dollar (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Deflation / Inflation / Real Dollar Whip Inflation Now (WIN) Deflation: A sustained decrease in the general price level. Deflator: An index used to adjust a current dollar amount to its real dollar counterpart, that is, to remove the effects of inflation. Inflation: A rise […]