Category: Debt/Spending/Econ

IRS concerns still relevant

The blocks that make up the IRS building might not even be as dense as some of those who work inside

The blocks that make up the IRS building might not even be as dense as some of those who work inside

This post originally published in 2013. I believe, that while some of the details have changed, the overall message still applies two-plus years later

The Internal Revenue Service is on course to hand out $70 million in bonuses even as the agency is mired in scandal. The IRS is still under fire for targeting conservative groups prior to the 2010 and 2012 elections. This latest news is sure to draw ire from Republicans in both the House and Senate – and rightly so. Continue reading

“Last Week Tonight” Today: Student Loans

A while ago I floated the idea of doing a recap of the HBO show “Last Week Tonight with John Oliver”. I thought today might be the best day to institute that idea considering the subject matter he covered Sunday night. WARNING – graphic language (which you should have known since it is on HBO)

Yes, this directly relates to what I posted last week…albeit with A LOT more swearing. John Oliver somewhat glances the bigger picture with his direct shot at for-profit colleges. He scored a direct hit on the absurdly low hanging fruit that are for profit colleges are though. Continue reading

Michigan Monday: Road work ahead

2322577484_e4c721715e_zI remember an old joke from when I was growing up in Michigan – “How can you tell that winter is over…the orange starts blooming on the roads.” I am sure that a lot of Midwestern states have similar sayings, but it seemed especially true in the Great Lakes State. It seemed that massive stretches of major roadways were always being worked on (sometimes the same stretches over repeated years for who knows what reasons). As much as the work lags, the funding has lagged even more. That may be about to change though.

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Hoosier Tuesday: Coats gets it

49806194It seems like such a simple notion. Granted, it is a notion that millions of Americans have trouble with in their everyday lives but one would think (hope?) that those we elect to represent our best interests in Washington could grasp the concept. Unfortunately, such is not the case. What is this illusive idea that evades our government? Well, it’s math. It’s the fundamental basis that in order to be financially stable, one must take in more than they spend. Continue reading

Michigan Monday: More minimum wage efforts

Minimum wages across America

Minimum wages across America

More minimum wage

The push to raise the minimum wage in Michigan is still receiving a lot of play, and the groups looking to make a ballot initiative push for the measure are raking in some cash with over $353,000 in total contributions during the last quarter. Interestingly enough, the group paid almost half of that to a company out of California to help in the signature collection efforts needed to so that the minimum wage hike would make it onto the November ballot. Continue reading

The United States of Makers & Takers

The government redistributes wealth throughout the states

The government redistributes wealth throughout the states

The United States embraces the idea of equality, yet the states that comprise the Union are not equal at all. As such, each state is treated differently by the federal government due to the unique situations within its borders. Some states are taxed more heavily; others may receive more federal funds. Each time secession from the United States is brought up, these ideas should be examined as a good number of states could not survive without the help of the others.

To this end, the discussion of “makers & takers” begins. The prevailing viewpoint is that states who pay more in taxes than they receive in federal funds are the “makers” while those contribute less in taxes than what they get back in funding are the “takers”. Is it really that simple though?

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April 15th = Tax Day

Heads up, in case you have been living under a rock, your taxes are due today. Maybe you will get a check back from the government because your paid too much throughout the year…or many you didn’t pay enough and they will be wanting even more from you.

Take a look at some of the tax related articles we have had here at The MidWest Wing:

Our Tax System(s) And Why A Dollar =/= A Dollar

Camp takes on taxes

Hoosier Tuesday: From the archives – Tax breaks/credits ruin the free market

Today is a reminder that this nation is in dire need of tax reform. Americans spend hours upon hours attempting to do their own taxes, or they spend hundreds of dollars on accountants in order to make sure they don’t owe thousands to the government (sometimes with little guarantee that the accountants are correct). Good system, that.

Maybe by this time next year, we will have the overhaul we all deserve. I wouldn’t hold my breath on that though.

Michigan Monday: Taking Stock

http://www.flickr.com/photos/dailyinvention/195022247/sizes/z/

In honor my new discovery, the beaver that lives in my lake

(Editor’s Note: Today’s edition is a bit late due to some website difficulties, my apologies)

Legislation has been proposed that would create a Michigan Stock Exchange, allowing the state’s residents to invest in Michigan-based small businesses. This is exactly the type of novel thinking that state legislatures should be pursuing. It is an out-of-the-box proposal that could dramatically alter the state’s business climate. Essentially, it takes the crowdfunding concept and puts a local spin to it while also stepping up the legitimacy of the entire process (not that crowdfunding isn’t legit…but something of this magnitude would certainly alter people’s perceptions of the idea). Continue reading

Hoosier Tuesday: Gregg’s ideology

Hot Air balloon races at the Indiana State Fair...John Gregg could inflate all of these

Hot Air balloon races at the Indiana State Fair…John Gregg could inflate all of these

Gregg bloviates

Maybe former gubernatorial candidate John Gregg read my column last week. He penned a column yesterday stating that we “need Republicans” (see, Gregg is a Democrat, so that is the funny). I will not disagree with the statement. I will, however, take umbrage with his reasons why. Gregg states that the two-party system is essentially integral for America’s survival. He tosses aside the dysfunction in DC as the fault of those who are there while propping up the parties as the backbone of the republic.

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