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 Lloyd Billingsley at 12:30pm PDT   •   3 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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