A generally accepted premise is expecting different results from the same behavior is completely irrational. During the Reagan administration, David Stockman, Reagan's budget director, persuaded the Republicans to embrace the concepts of supply side economics and the theory that if the top earners earn more it will "trickle down" to the rest of the economy. To achieve this result, major tax cuts for those in the highest tax brackets were implemented, with the result that the national debt was doubled during the Reagan years. ...more

February 14, 2009

Arne A. Gustafson of Hudson says modern equivalent of War Bonds needed to pay for economic recovery programs. ...more

January 31, 2009

Our nation's personal savings rate is now at its lowest point since the Great Depression. ...more

January 28, 2009

Our nation's personal savings rate is now at its lowest point since the Great Depression. Let's then take a look at what the scenario might be if the breadwinner in a young family walked out the door one day and died before the day ended. ...more

January 28, 2009

I am convinced the U.S. Congress is populated with too many bumblers whose only talent is spending our country to oblivion, "bringing home the bacon" so to speak, and getting re-elected. Our current dire situation is directly attributable to these bumblers for legislating easy money policies and access to mortgages and loans for people unqualified to obtain them without government guarantees. ...more

January 18, 2009

By the time the next edition of In The Loop hits the streets, America will have a new president. Barack Hussein Obama will be sworn in as the 44th commander in chief Jan. 20. ...more

January 14, 2009

$2 trillion Amount the national debt is expected to increase this year 40 percent ...more

January 5, 2009

It's Cold Up Here We were checking the temperature at Ruskin, near Kings Point where we spent some winters, and noted that on Dec. 20 at 12:50 pm, the temperature was 65 degrees F. The temperature in North York, Ontario, was just under 7 degrees. Oh lucky you! ...more

December 24, 2008

A year ago, most Americans would never have thought "bailout" would become a household phrase. Today, it is not only heard on a daily basis, it's also attached to billions of hard-earned taxpayer dollars. As our government continues down a slippery slope of spending in record amounts to plug the dam before it breaks, this term is one that should more readily be classified as a four-letter word by the American people. ...more

December 17, 2008

In most challenging situations where a major problem is the issue, do-nothing-and-hope-for-a-miracle is not an option. ...more

December 13, 2008