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No Shutdown, No Problem

The good news from Congress this week is that it looks like the U.S. government isn’t going to have to shut down again due to partisan political bickering. Both houses passed a new government funding bill that will keep the lights on until September of 2015. In all, the spending legislation comes to 1,603 pages, […]

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The Cost of SEC Compliance

“I’m the auditor, and I’m here to help you.” Now, there’s a phrase to send cold chills down anyone’s spine. It doesn’t matter whether you’re a taxpayer, a company with government contracts, or a financial planning firm. Having an auditor show up feels a lot like being one of the Three Little Pigs and seeing […]

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Help Wanted to Understand Unemployment Rate

In an economy that isn’t exactly robust, how can unemployment be going down? The recent drop in the unemployment rate from 8.1% to 7.8% caught almost everyone, including me, by surprise. The GDP grew by only 1.5% in the first quarter, and its growth was under 2% for the last 12 years. To get the […]

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An Endless Supply of Dollars

Is the United States in danger of bankruptcy? Contrary to what you may read in the media or hear from many politicians, no, it isn’t. The US Treasury will never run out of dollars. It’s impossible. The reason is relatively simple. The US government owns a printing press. As long as goods, services, or obligations […]

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Dire Emails About New Medicare Surtax Have It Wrong

Ronald Reagan was noted for saying, “Trust but verify.” And that was before Al Gore invented the Internet. When it comes to believing forwarded emails with dire warnings, it’s a good idea to go even further and “Verify before trusting.” Here are a few lines from an email I’ve received numerous times over the past […]

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