The Government Doesn’t Want You to Retire Rich

By |April 9th, 2013|Categories: Blog, Economics / Politics|Tags: , |

President Barack Obama is about to unveil his budget proposal, and parts of his proposal have already made their way into the news. One of the aspects of his new budget is that he wants to prohibit anyone from saving more than $3,000,000 in an IRA. The White House issued a statement regarding this new proposal: Under current rules, some

The Four Most Important Things in an Economic Collapse or Natural Disaster

By |March 7th, 2013|Categories: Blog, Economics / Politics|Tags: , |

If you've been reading this blog for a while then you know I'm not a fan of the spending that going on in Washington D.C. right now. I'm also not a fan of the spending that is scheduled to happen over the next few years. The government not only plans to keep spending more, but we are going to add

What Does Sequestration Really Mean?

By |February 26th, 2013|Categories: Blog, Economics / Politics|Tags: , , |

If you have been watching the news then you know that the federal government is going to be required to cut $85 billion out of their budget unless congress passes a law to avoid or change it before March 1st. $85 billion is a heck of a lot of money. It's so big it's hard to understand what it really

Is Your 401k Safe From the Government?

By |November 29th, 2012|Categories: Blog, Economics / Politics|Tags: , , , |

I recently took a loan from my 401k to buy my first house (which is closing next week and I'm super excited about) and one of the reasons I'm comfortable using 401k money now is because I have no idea what the government is going to do with retirement funds in the future. The other day I read an article

Inform Yourself and Go Vote

By |November 5th, 2012|Categories: Blog, Economics / Politics|

If you are an American then Tuesday, November 6th is a big day for you. In fact, it's a big day for all of us in this country. There is a presidential election and there is a lot at stake in this election cycle, and in most states you have four people to choose from. That's right, there are four

Higher Teacher Salaries Won’t Improve Education

By |October 1st, 2012|Categories: Blog, Economics / Politics|Tags: , |

A few weeks ago I got into a fiery exchange on twitter with my friend TeacHer about teacher pay. She thinks teachers should be paid more, while I think overall teacher pay should remain flat or even go down. You can read TeacHer's opinion at her website if you'd like. She's a teacher and I'm not, so it may seem

Only Idiots Think Votes are “Wasted”

By |September 18th, 2012|Categories: Blog, Economics / Politics|Tags: |

You may have heard about the presidential election coming up on November 6th, 2012. According to the news it's Barack Obama vs. Mitt Romney. In reality, it's Barack Obama vs. Mitt Romney vs. Gary Johnson vs. Jill Stein vs. a number of other candidates with access to less than 270 electoral votes (and thus, truly ineligible to win the presidency).

4 Reasons We May be Headed for a Recession

By |August 8th, 2012|Categories: Blog, Economics / Politics|Tags: |

This is a guest post from William Cowie. He's a new personal finance blogger AND he's helping out with the Plutus Awards ceremony this year. Enjoy his guest post!!! O crap! Not again! Didn't we just have one? If any of those thoughts went through your mind when you read the headline, you're in good company. But let's cut the

Social Security Taxes the Poor to Benefit Rich White People

By |July 26th, 2012|Categories: Blog, Economics / Politics|Tags: , , |

I hate Social Security. I hate that it takes 6.2% of every dollar I earn (temporarily 4.2%), and takes 6.2% of my income from my employer (who would probably be paying me that extra 6.2% if they weren't paying it to the government!). Imagine how much more I could save for my own retirement if I had a 12.4% raise.

I Have The Perfect Punishment for Wanetta Gibson

By |May 25th, 2012|Categories: Blog, Economics / Politics|

As I was browsing the news today I came across a story that literally made me sick. My stomach is all tied up in knots right now from hearing this. A young high school football star, Brian Banks, who had accepted a scholarship to play college football at USC was thrown in jail because a girl at his high school,