Economics for Politicians Chapter 10 – Solutions! or You’re not Part of the Problem – You ARE the Problem! [Reader Post]

Ron Paul had a good idea… I like his suggestion that we audit the Federal Reserve. For that matter, we should audit all of our government agencies at all levels. We can grant exemptions where appropriate (smaller townships, ones that produce detailed financials and are in excellent health, etc.), but just like we first had to identify the magnitude of our debt problem, we have to identify the sources of where we are spending the most and what can be eliminated. I’m thinking entitlements and pensions are going to come up big here.

Barack Obama Jumps the Shark and Lands on the Wedding Cake [Reader Post]

President Obama has jumped the shark. The phrase “Jumping the Shark” dates back to 1977 when the cast of the popular television show Happy Days took a trip out to Los Angeles and The Fonz, played by Henry Winkler, jumped over a shark cage while waterskiing. The original use indicated when a TV program had run out of creative and compelling storylines and began to utilize gimmicks to keep viewers interested such as trips to foreign countries, the introduction of new characters (particularly babies) or cameos by special guest stars. Over the last three decades the idiom has taken on a broader application in that it typically means the beginning of end of something, some endeavor, an erstwhile high flying company, or in this case, a career.