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    • “Trust me,” said the 401(k), “a sucker is born every day.”
      As early as 1999, while I cold-called my way into a meager existence my first few years at Morgan Stanley, it was obvious 401(k) plans were going to be worthless for workers and a money grab for Wall Street some day soon if not already. I don’t claim any special prescience. I’m just a guy […]
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Primaries Matter

Discuss.

Update on the debt ceiling debacle:  The cloture vote failed in the Senate.  Harry Reid has let everyone go until later this afternoon.

So, to recap, the “compromise bill” was about as ugly as it could be, Republicans got just about everything they wanted including all cuts and no revenue increases and a SuperCongress committee (to which no one we know belongs) to make future cuts to things like entitlements and mortgage interest deductions, and it *still* wasn’t good enough.

This is a coup, plain and simple.

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