Free Markets, Free People

Dale Franks

Dale Franks’ QandO posts


All your retirement money are belong to us

How’s that 401(k) working out for you?  Well, if the Obama administration has its way, you won’t have to worry about that any more.

Apparently, you’re too stupid and lazy to be trusted with your own retirement planning. So, what you need is for the government to “urge” you to convert your 402(k) plan to a government annuity.

The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.

TaxProf has a roundup of some useful links concerning this, but here’s the key takeaway:

There literally isn’t enough money in the world to float the T-notes the Treasury must issue in order to prop up our unsustainable spending path.  There are, however, about $3.6 trillion in funds just sitting in 401(k) accounts.  If the government can urge–or force–you to convert your 401(k) into T-note funded annuities, the Treasury can continue to issue those notes to float the government’s deficit.  Essentially, you’ll be converting your retirement funds into an IOU from the government…just like your social security account has already done.

This will allow the Treasury to keep borrowing money–from your retirement–in order to keep issuing more debt that they may or may not be able to pay back to you

funds intu The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.


Podcast for 17 Jan 10

In this podcast, Bruce, Michael  and Dale discuss the special election in Massachussetts, the dangers of hyperinflation, and Haiti.  The direct link to the podcast can be found here.

Observations

The intro and outro music is Vena Cava by 50 Foot Wave, and is available for free download here.

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here. For podcasts from 2005 to 2009, they can be accessed through the RSS Archive Feed.


Yesterday, I had two dogs…

…Today, I have twelve.  Click on the pics below for hi-res versions.

Contessa and her 10 puppies

Contessa and her 10 puppies

Contessa gave birth to 10 little Cane Corsos today.  8 Male, 2 female.

They’re adorable.

We call this one "Light Green"

We call this one "Light Green"

We “named” them based on the color of bands we put around their necks.

One of the runts, "Dark Blue"

One of the runts, "Dark Blue"

Most of the puppies weighed in at between 450-480 grams, but we have two runts: Dark Blue male is 413 grams and Pink female is 400 grams.  Pink didn’t seem to want to suckle either at Contessa or at a bottle for the first couple of hours, but at about 2 o;clock, she found a nipple and went to town.  We were afraid we might lose her at first.

One of the male puppies, Lavender, weighed in at 550 grams.  I like him a lot.  He may be the one we keep, depending on how he does on temperament testing.

It was a long day, but at the moment, mother and puppies are sound alseep.

Contessa was a real trooper.  She handled all ten puppies as they were born, and needed no real assistance from us for any of them.  Considering that this was her first litter, and a very large one, she handled it like a pro, though she’s completely exhausted right now.


Podcast for 10 Jan 10

In this podcast, Bruce, Michael  and Dale discuss the Crotch bomber security Failures, the Met’s removal of Mohammed images, and the surge in Afghanistan.  The direct link to the podcast can be found here.

Observations

The intro and outro music is Vena Cava by 50 Foot Wave, and is available for free download here.

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here. For podcasts from 2005 to 2009, they can be accessed through the RSS Archive Feed.


Need a good watchdog?

Does anybody want a puppy? I mean a registered, purebred puppy.  If so, drop me a line.  My Cane Corso female is about to drop a litter in two weeks or so.  If you’re in the San Diego/Southern California area, and  might be interested in a new baby Corso, drop me a line at “puppies -at- dalefranks.com”


Contessa



 



Purebred Italian Mastiff

Purebred Italian Mastiff



Corsos are large dogs, with females running from 80-100lbs, and males running from 100-130 lbs.  They are active dogs, with a working breed background, so they need to be regularly exercised.

They are extremely loyal and protective of their family and homes.  They love children, and make very protective watchdogs for them.

Here’s a video we did of her:


Podcast for 03 Jan 10

In this podcast, Bruce, Michael  and Dale discuss the top stories of the past week.  And, with a shiny new Studio PC , I’m back in the podcast recording business!

The direct link to the podcast can be found here.

Observations

The intro and outro music is Vena Cava by 50 Foot Wave, and is available for free download here.

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here. For podcasts from 2005 to 2009, they can be accessed through the RSS Archive Feed.


QandO TV: Episode 2

In this episode, I address the health care reform bill that passed the Senate.

BTW, in the very near future, I’ll be dumping my old camera, with it’s irritating “helpfulness” in constantly moving the frame around to track your movements.  I’ve got a brand new AG-HMC40 winging its way to me.