Mr. ToughMoneyLove is as fiscally conservative as most but I am also pragmatic. The same can’t be said for our tea party members of Congress who robotically activated their “no new revenues” autopilot. Then they didn’t know enough to deactivate it. They refused to see what was apparent to everyone else – that compromise was the only way to reach an agreement that consumers and the investing community would accept as a positive outcome. Read more
Amid fears that we are entering the second dip of a double-dip recession, the “why don’t we spend more” hand-wringers are at it again. They want to know why American consumers aren’t prowling the store aisles and throwing crap in their carts. They also want to know what can be done to make them throw more crap in their shopping carts. Read more
Long-time readers know that Mr. ToughMoneyLove is not a fan of MBA programs and, generally, their graduates. The former are mostly cash machines for students looking to borrow their way to an upgraded life. The MBA graduates, if they learn anything at all, it’s to bean count their employer into bad decisions. Witnesseth: Wall Street 2008 and U.S. car companies. I’m not the only one who thinks we need more engineers and fewer bean counters.
Some baby boomers have completed the task of helping their kids through college. Some of those kids are now contemplating graduate school, the kind that may cost a lot of money. These include law school and business school, where scholarship money is rare. Why are scholarships rare for those programs? Because many exist primarily to feed cash to the university. Our culture and economy do not need more lawyers or MBAs but the colleges don’t want you to think in that direction.
Our days of sending ridiculous amounts of money to AT&T wireless are almost over. We have been on a four-line wireless family plan with AT&T for several years. Two of us have had smart phone data plans added in, plus unlimited family texting. We were spending $200/month for our cell phones and another $30 for a landline. I had enough. Read more
I distrust the student loan industry and the higher-ed bureaucrats who exploit it relentlessly. Motivated by economic self-interest, student lenders and college officials have persuaded misguided politicians that “college for all” is a noble goal. It absolutely is not. Read more
Many of us have a sense and concern that China (and even India) are on a path to overtake the U.S. and other western countries in economic might. There is a real basis for that concern, as reflected in actual GDP per capita and other important indicators. Read more
I’ve been negligent in writing about my recent experiences at the AARP Tax-Aide volunteer office. I will attempt to catch you up on the interesting (often joyful, sometimes depressing) stories of the taxpayers I have been helping. I will start with today’s session and then work backwards to catch-up. Read more
The iPad 2 went on sale today. The mesmerized Apple fanboys and fangirls were lining up as usual. Instead of ranting (again) myself about this silly consumer behavior, I give you Splork: Undignified iPad 2 Consumer Dumbsh-ts
Actually, Wisconsin was never on my list of possible retirement destinations but just to make sure I had enough reasons not to move there, the unions stepped up. Read more