Infinitus Incognita

The Infinite Unknown

Browsing Posts in Economy

A few quotes come to mind when I think about what Ron Paul and the Tea Party ideals represent.  Churchill said: “You can always count on Americans to do the right thing – after they’ve tried everything else.”  It seems the media is once again attempting to pick the Republican candidate much as they did [...]

US Cities Face Half a Trillion Dollars of Pension Deficits As I mentioned back in March… municipal debt mostly in the form of unfunded pensions is going to become a monster issue over the next 18 months or so.  You are going to see cities going bankrupt or getting bailouts.  As bad as it is [...]

How GM “Lied” About The Electric Car Wow… what were they thinking.  In summary… it seems the claims that GM has been making for years about the design and performance of the Volt were just out and out lies. They claimed it was a serial hybrid.. meaning the gas engine was just acting as an [...]

For every 1 billion the federal government spends we (90 million who actually pay federal taxes) will get a bill for $11.11.  That’s pretty easy math.. so for instance the additional 57 billion of new ‘stimulus’ last week cost us about $633 each. How much did you earn last week?  If they were honest about [...]

So our illustrious Charlotte city council last night voted to take 25 million of federal money to start a new uptown street car boondoggle.. er I mean transit system.  To avoid confusion with the multitude of pet rail projects around here they decided to end service on the uptown trolley that has been in operation [...]