Archive for the ‘Politics’ Category

Well, Newt Gingrich took down previous favorite Mitt Romney in a shocker in South Carolina. What can we say about the upset? These exit poll posts will continue until morale improves!

You can read the cross-tabs here.

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How Did Mitt Romney Get a $20.7 Million IRA?

Posted by PK On January - 23 - 2012

You’ve got an IRA, right? This site has been preaching the tax benefits of both traditional and Roth IRAs since the beginning… and we aren’t going to stop now. So hopefully you’ve been diligently saving in your IRA, with the hope that some day you’ll have a couple million dollars in there (or at least a good amount of funds you can tap in retirement).

Mitt Romney, it was revealed in financial disclosure documents, has an Individual Retirement Account worth somewhere between $20.7 and $101.6 million dollars. Note that IRAs have a small limit when compared to 401(k)s and other employer retirement accounts, so this came as somewhat of a shock to people with IRAs. How did Mr. Romney achieve such an impressive sum in his retirement account?

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The late William F. Buckley, founder of the conservative-leaning political magazine National Review had a very famous quote when it came to the Republican primaries: vote for the most conservative candidate who can win. Add to that little piece of advice this oft-repeated maxim: “Democrats fall in love. Republicans fall in line.” (popularized by Bill Clinton). Toss those two together and what do you get? New Hampshire Primary results… at least according to the exit polls! Let’s dig in…

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If I were to ask you Tuesday morning which candidate would attract the most Tea Party support during the Iowa Caucuses, how many of you would have responded with Rick Santorum (who, incidentally lost the Caucus to Mitt Romney by only 8 votes)? I can see arguments for Michelle Bachmann, Ron Paul (who strangely got a fair amount of coverage implying he had the most Tea Party support), or Rick Perry… but I didn’t see this one coming. And that’s just one of the great things we can find out about the actual behavior of voters thanks to the exit polls for the Iowa caucus. Let me lay out three of the most interesting results I found from the night… and you tell me if they’re surprising or you saw them coming…

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Who Are The One Percent? Who Cares?

Posted by PK On December - 15 - 2011

With all of the recent Place Occupying (although currently off the front pages), the United States has been introduced to a question which will remain in the public consciousness for a long time: “Who are the one percent?”

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What is the Net Worth of Members of Congress?

Posted by PK On December - 12 - 2011

Wish there was a Congressional Net Worth graph somewhere? There is, on this very page! Using data compiled from one of our favorite sites Open Secrets, we took the average United States Congressional Net Worth (note that disclosure comes as a range, so average will fall between the low and the high point) and used IBM’s Many Eyes to show their net worth to you, our curious readers.

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Wikipedia, substituting for a dictionary, defines a longitudinal study as “a correlational research study that involves repeated observations of the same variables over long periods of time”. Contrast that with a cross-sectional study, which everyone’s favorite encyclopedia terms “a class of research method that involve observation of all of a population, or a representative subset, at one specific point in time.”

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We Have Bigger Problems Than A Failing Deficit Committee

Posted by PK On November - 23 - 2011

If you read this web site the odds that you are also living under a rock are pretty small. That probably means you already know that over the weekend the so-called Deficit Reduction Supercommittee failed to reach an agreement (and had to admit its failings on Monday). A little back-story: the Debt Panel was trying to find deficit savings in excess of $1.2 Trillion over the next 10 years. A little more back-story: the entire concept and execution of the debt panel was a disgusting farce. The entire $1.2 Trillion was to be cuts from ‘baseline spending’, also know to the rest of us as ‘planned future spending increases’.

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From Occupy Wall Street to Bank Transfer Day it seems like every time I turn on the TV there is another protest. Occupy Wall Street began in New York City and has gone viral around the globe.

A guest post from Paul at The Frugal Toad, the newest featured link on DQYDJ!

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Sorry to pick on the Art Majors, but all of this discussion about President Obama’s Executive Order on student loans has pointed the country down an interesting path. Perform this thought experiment with me… The vast majority of student loans in the United States are federally backed. There are also $1,000,000,000,000 in student loans outstanding. This means that, in the event student loans aren’t paid, the debt will be borne by the general fund of the United States (read: taxpayers paying private and public colleges). Should taxpayers demand lower paying majors pay higher student loan rates?

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