PIOOTA is an acronym that I am proud to have created (I think, I have used it for 30 years and there is nothing on the internet, so I claim to be the inventor). If someone else can prove it was created prior, please don't BOB (burst our bubble) and tell me.
PIOOTA is a careful scientific method of developing facts to the support the truth.
I stands for Pulling It Out Of The Air.
A somewhat similar acronym that I invented is IWMUS.
PANE is another acronym that I invented. It stands for People Against Nearly Everything.
Several of my friends were very bullish on the Trump tax cuts and believed they would lead to sustained 5% or greater growth. I thought that was very unlikely. And of course growth has been far lower.
Why not make it an actual middle class tax cut and give some of the cut to us, the actual middle class?
Or is there some economic reason for giving the upper 1 tenth of 1 percent a massive 10 percent increase in income while giving us, the actual middle class, a 1 percent increase? I can't see it. It seems to me that the same economic effect could be achieved with a broader distribution of the tax cuts.
Projections made by the Non partisan Tax Policy Center.
Click to read the article.
Of course we never got close to 5% growth of GDP.
Workers received only marginal benefits, with bonuses from companies amounting to just $28 per employee.
Our national debt continues to rise rapidly.
James Ketchell flew around the world in a gyrocopter.
(CNN) — A British adventurer has become the first person to circumnavigate the globe on a gyrocopter, completing a six-month journey that saw him narrowly escape a lightning strike on Sunday. James Ketchell traveled 24,000 nautical miles on the miniature aircraft, whose cockpit is exposed to the elements.
A map showing murders in Chicago Neighborhoods. The light blue are very safe communities. The darker colors are much more dangerous. Lots more sad information on the irreverent web site: https://heyjackass.com/
My old neighborhood on the far southwest side is still very safe. Police and Firemen have to live in the city, and every other household is a city worker. Very little crime.
The communities north and east of our old neighborhood are much more dangerous. A friend of mine - a high ranking Chicago Police Officer - took us for a ride in Englewood, which was and is a very high crime area. Englewood was where we took the bus to transfer to the Elevated Transit Train to go to downtown when we were children. We listened to the tactical radio, and it was mayhem. And it was just for Englewood, not the entire city.
A sad state of affairs, and no one has any idea how to stop the violence.