NLT readers living in regions with insulation requirements above R-19 are probably, like me, still chipped out from under six inches of ice covering everything. In the midst of this, todays Washington Post offers this profoundly insightful bit of news analysis: "The storms effects were compounded by high winds that ripped off tree branches and brought down ice-coated power lines. Authorities are unable to stop this. . ." What? "Authorities are unable to stop this"?? What do we pay our taxes for?
Did you know that Eric Clapton owns a rehab center? In Antigua? Supply your own punch lines.
Finally, MKM Partners, a Greenwich investment firm, notes in a recent newsletter that federal tax receipts are currently growing much faster than federal spending, so much so that if the current rate keeps up, the federal budget will come into balance by May 2008. Just in time for a tax increase.