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Archive for October 1st, 2012

Free Lunch

Monday October 1st, 2012   •   Posted by Burt Abrams at 12:51pm PDT   •   4 Comments

Americans have become dependent on publicly provided “free lunches,” government programs without the taxes. The public whines about any attempt to raise taxes (other than those on the “rich”) while clamoring for all the entitlement programs the government can dish out. As a result of this whine and dining, nearly half of all households…
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The Postman Always Defaults Twice

Monday October 1st, 2012   •   Posted by K. Lloyd Billingsley at 12:30pm PDT   •   7 Comments

The U.S. Postal Service (USPS) recently defaulted on a $5.6 billion mandate to pre-fund retiree health benefits, the second time in two months the federal government postal “service,” has failed to deliver. In August it failed to make a $5.5 billion retirement prepayment slated for last September, which Congress conveniently deferred. So the USPS…
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