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The New Mortgage Crisis: Welcome to Hell

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4 Ways to Fix a Lousy 401(k)

CARLA FRIED, Daily Capital | January 27, 2012

There’s no question – a 401(k) is still one of the best ways to save for retirement. They give investors valuable...

Study: Fewer Students Can Afford Their Dream College

BLAIRE BRIODY, The Fiscal Times | January 27, 2012

For college-bound high school seniors, good grades and high test scores have traditionally been their ticket to...

Obama to Colleges: Control Costs or Lose Funding

ERIC PIANIN, The Fiscal Times | January 27, 2012

Amid skyrocketing college tuition and historic levels of student debt, President Obama on Friday unveiled a...

Rolling the Dice on Macau Casinos

SUZANNE MCGEE, The Fiscal Times | January 27, 2012

The year of the dragon is off to an explosive start, as much of Asia and Chinese communities worldwide greeted...

Obama: 'I Second-Guess Myself Constantly'

STAFF, Reuters | January 26, 2012

President Barack Obama said on Thursday he doubted his decisions "constantly" and made mistakes daily but thought...

A Brand New House for $1,500?

HENRY BLODGET, Business Insider | January 26, 2012

One of the latest projects for Bill Gross and idealab, an incubator run by Gross and his wife Marcia Goodstein,...

Obama’s Campaign Kick-off Gets Mixed Reviews

ERIC PIANIN, The Fiscal Times | January 26, 2012

President Obama is crisscrossing the country promoting his reelection campaign message of fairness as he tries to...

The Coming Nursing Home Shortage

STEVE YODER, The Fiscal Times | January 26, 2012

The latest casualty of the Great Recession may soon be the nation's elderly. Cuts in government payments for...

Smartphone Explosion Speeds the End of Cash

SUZANNE MCGEE, The Fiscal Times | January 26, 2012

The smartphone revolution – just look at the gargantuan surge in the number of iPhones that Apple sold in the...

A Brokered GOP Convention? In Your Nightmares

EDWARD MORRISSEY, The Fiscal Times | January 26, 2012

“Every single one I've spoken to,” Joe Scarborough told his audience on MSNBC, “is trying to figure out a way to...

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Romney Defends His Wealth

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5 Questions For...

Ron Kind
Rep. (D-Wisc.)

"As a big voice in farm policy, you favor cutting subsidies. Why? "

"It’s not fiscally responsible. It makes no sense that farm paychecks are going to addresses in Manhattan, San Francisco and Hollywood. These people aren’t working the land. It’s tough to justify in an era of huge budget deficits."
"Your take on the influence Grover Norquist has had on tax reform?"

"I think it’s unfortunate. It’s unfortunate when members of Congress sign pledges and tie their hands. By doing that, you might as well just hand your voting card over to that particular interest group, go home and stop thinking. "
"So what we need, then, is – ? "

"Policymakers capable of keeping an open mind, bringing some flexibility to negotiations, and understanding it’s not their way or no way at all. Compromise is required for tax reform and for a long-term deficit reduction package. "
"Aside from the election, name the biggest roadblock to reforming the tax code."

"Doing it in a way that doesn’t blow another hole in the deficit. And making sure the focus is on doing it comprehensively, not just on the C Corp, but also on the individual and pass-through side."
"Repatriation holiday: good idea or not?"

"We’ve done it before; the track record on job growth wasn’t good. If we do it again, there must be a better tie-in to guarantees of domestic investment leading to job creation. Otherwise you create a moral hazard and get fooled again. "

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Cartoons

"Is there a doctor who accepts Medicaid in the house?"
"Right now I think the wisest strategies is to diversify amongst your mattresses."
"Something sleek and recessionproof, Edward."
"According to your carrier, this little piggy has insurance, but this little piggy has none."
"Personally, I liked this roller coaster a lot better before the Federal Reserve Board got hold of it."
"There are no medical or pension benefits, but the employees' lounge has excellent free coffee."
"I'll have someone come in and prep you for the bill"
"Remember, son, these are your tax-free years. Make the most of them."
"Must you tell us what our daily share of the national debt is every time we sit down to dinner?"
"Kids, your mother and I have spent so much money on health insurance this year instead of vacation we're all going to go in for elective surgery."
"You're responding beautifully. Let's go ahead and see what happens if we increase your deductible."
"Sometimes I wonder if it's right to bring a child into this income."
"These robots have become self-aware and self-loathing. Now all they do is write novels."
"Actually, this is the one condition your insurance does cover."

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Quote of the Day

Let’s put behind this idea of attacking me because of my money. What you've accomplished in your life shouldn't be seen as a detriment. It should be seen as an asset to help America.