Author: Mike Cosgrove

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In the wake of the Aurora Theater shooting, I suggested that private sector establishments ought to be expected to be more concerned about the safety of their customers.In the case of the Aurora Theater, this was magnified by the fact that the theater was a “gun free zone” and did not allow patrons to carry their own firearms as self defense. At the same time, the theater owners themselves couldn’t be bothered with taking even the most rudimentary steps against allowing a gunman to casually carr ...
What does it look like when the entire system around you collapses? The fallout in Puerto Rico, which has left a devastating impact with no food on grocery store shelves or electricity to over three million people, gives us a glimpse: #PUERTORICO: ROVING GANGS, AID WORKERS BEING HELD AT GUNPOINT DELIVERING SUPPLIES#PuertoRicoCrisispic.twitter.com/DPYJlDdrBl— The Daily Sheeple (@TheDailySheeple) October 1, 2017 As Daisy Luther of The Organic Prepper recently noted in What It’s Re ...
Today we’ll continue to size up the bull market in governmental promises. As we do so, keep an old trader’s slogan in mind: “That which cannot go on forever, won’t.” Or we could say it differently: An unsustainable trend must eventually stop.Lately I have focused on the trend in US public pension funds, many of which are woefully underfunded and will never be able to pay workers the promised benefits, at least without dumping a huge and unwelcome bill on taxpayers. And since taxpayers are genera ...
Are you ready for mass chaos in Washington? There are lobbyists for just about every cause that you can possibly imagine, and they are always working hard to influence members of Congress on their particular issues. But when you are talking about a major tax reform bill, that is something that virtually every single lobbyist in the entire city will want to be involved in. Our tax code is over two million words long, and the regulations are over seven million words long, and any changes to our im ...
One of the big challenges for retiring today is being able to afford retirement. Many of us are in the difficult position of not having company retirement benefits to fall back on. What that means is that all we have to retire on is our Social Security benefits. That’s not all that much.Having money in savings doesn’t help all that much either. It used to be that if you have a million dollars in the bank, you had it made for retirement. Your million would net you $50,000 per year at 5% interest; ...
The U.S. economy is not as solid as it appears.Statistical anomalies hide profound weakness.I will examine actual GDP and actual employment.Warning: not for the faint of heart.Do you consider debt as income? Before you answer that, let’s perform a thought experiment. Imagine that you had taken a long cruise last fall and charged $10,000 to an American Express card. When you did your taxes this year, would have told the IRS that you had $10,000 income from American Express? Of course you wou ...
It looks like preppers aren’t that crazy after all. FEMA’s new director, Brock Long, has repeatedly said that Americans do not have a “culture of preparedness,” something that is much-needed with the startling uptick in natural disasters. Long has only been the director of FEMA since June 20 of this year and already has had to deal with a historic number of disasters in this short period of time.It appears that Mr. Long has a mindset of self-reliance based on a couple of recent stateme ...
The U.S. has gamed out four or five different scenarios for how the crisis with North Korea will be resolved, and "some are uglier than others," National Security Adviser H.R. McMaster said as tensions remain high between the two countries.While McMaster said the threat from Pyongyang is "much further advanced" than anticipated and the Pentagon said the president has a "deep arsenal" to draw upon if needed, U.S. officials dismissed North Korean Foreign Minister Ri Yong Ho's comment that Presiden ...
One of Washington’s biggest mysteries may soon be solved: What exactly are President Donald Trump and Republicans in Congress planning to do about taxes?Lawmakers are expected to unveil a framework for tax reform on Wednesday. Trump wants Congress to act quickly. At a dinner Monday night, he said he expects the House of Representatives to pass a bill in October and the Senate to act by the end of the year. The broad goals are a simpler tax code with fewer brackets and lower rates ...
They already know it will fail, but Senate Republicans nonetheless are weighing whether to call a vote on the healthcare legislation to replace Obamacare, The Washington Post is reporting.Though Sens. Rand Paul, John McCain, Susan Collins and Ted Cruz have all gone public with their intentions to vote against the latest iteration of the Graham-Cassidy legislation, pressure remains to press on."There are a lot of people who want to vote yes and be recorded as voting yes," Sen. John Cornyn, the Se ...
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