Should California Declare Bankruptcy?

The onetime jewel in this country’s crown of achievement and testament to the “good life” has tarnished to the point were it is unlikely to be restored to its former greatness.  With unbridled spending by a virtual one-party State Assembly and Senate, unsustainable concessions to public sector unions, unfriendly restrictions and taxes on business along [...]

What pre-boomers learned as kids is sound advice for today’s lawmakers

The rules were simple, but effective, when we pre-boomers were growing up. “Yes,” meant “yes.”  “No,” meant “no.”  “I’ll think about it” was a qualified “maybe” that leaned toward “no” but could be “yes,” depending on your actions and attitude leading up to dad’s final answer.  And, pushing for an immediate decision resulted in a [...]

Learn from California’s problems.

Think about the message sent by the people of California to their state representatives in a recent mid-year election.  The propositions on the ballot were financial in nature, and the citizens were angry enough with politicians to say, “Stop wasting our money, stop raising taxes, and start working on balancing the budget.”
California is one of [...]

PreBoomer Musings - Blogged