Skip to main content

Australia: A Teachable Moment

Actually, not just a teachable moment: Let's call it a moment of decades. Australia, where its "dysfunctional" conservative government (according to left-leaning Slate magazine) just won elections, has not had a recession in 28 years.  

I put that in boldface because it's a remarkable fact. I've been reading more and more about Australia lately. Thanks to Netflix, I've been able to watch some Australian TV.  I read and heard that Australia is a lot like Texas, where I currently live. This alone makes it more interesting. I've never been there, but I've put it on my bucket list. 

Sometimes we don't think about Australia at all, since it is literally on the other side of the world. When it's winter in Chicago, it's summer in Sydney. The quickest trip from Chicago to Sydney I could find with a basic Google search was 20 hours, 15 minutes via San Francisco. It's actually 19 hours in the air. 

Australia -- like Europe -- recently had national elections where left-wing and crazy liberal ideas were basically defeated. People around the world are beginning to wake up. Hope that trend continues here in the United States. 

It seems that in Australia, many people feared climate policy more than climate change. You can read more about here in a May 20th post on this blog.

In fact, Charles Payne of CNBC put it aptly here
The “Black Sunday” headline says it all - globalists and political elites see voting outcomes across Europe as catastrophic setbacks instead of long overdue indictments of their control over the government and industries that have yielded nothing for the masses other than fading glory and ruinous status quo.
But I digress. If you're interested, I've compiled a list of articles that dive deeper into the Australian economic and political system. Otherwise, take away this fact of life: conservative economic policies (smaller government, less taxation and regulation) generally work more effectively. 

New Research from Australia on Government Spending and Economic Growth


Popular posts from this blog

The Hidden Agenda Behind the Global Warming Hysteria

Climate change activists are not just interested in reducing carbon emissions in order to "save the planet." Their underlying desire is to overturn capitalism and replace it with socialist governments worldwide. 

Our story starts with the IPCC, or the Intergovernmental Panel on Climate Change, a U.N. organization. "And any settlement of the Global Warming issue by the UN would entail massive transfers of wealth from the citizens of wealthy countries to the politicians and bureaucrats of the poorer countries." (1)

In 1992, at the first U.N. Earth Climate Summit in Rio de Janeiro, Brazil, Program Executive Director Maurice Strong stated, very candidly: 

"We may get to the point where the only way of saving the world will be for industrialized civilization to collapse. Isn’t it our responsibility to bring this about?" (2)

Former U.S. Senator Timothy Wirth (D-CO), then representing the Clinton Administration as U.S. undersecretary of state for global issues, join…

IRA Taxes: Rules to Know and Understand

Article from

Individual Retirement Accounts (IRAs) can be a great way to save for retirement because of the tax benefits they can provide. If you’re eligible, you can choose a traditional IRA for an up-front tax deduction and defer paying taxes until you take withdrawals in the future. Or, if eligible, you might opt for a Roth IRA and contribute after-tax money in exchange for tax-free distributions down the road.

So, what's the catch? There are a few. If you run afoul of some of the IRS rules surrounding these accounts, the penalties can be quite stiff—all the way up to a disqualification and taxation of your entire account.

Ignorance of the law is no excuse, and with few exceptions, the IRS isn’t very forgiving of mistakes. Knowing the rules can help you navigate the many potential IRA tax traps you might encounter on your way to retirement.

Keep in mind that when we discuss taxes and penalties, we’re referring to those at the federal level. In most states, you will also…

Critical Financial Steps When Buying a Home

In my lifetime, I have bought six houses, and sold five. I currently live in the sixth, which was new construction, which was an adventure unlike purchasing an existing home, But the principles of buying a home are the same, whether you are purchasing a new home, or an existing home.

1. Understand why you want to buy a house
Purchasing a home is a major decision that shouldn’t be taken lightly. It’s important to define your personal and financial goals before proceeding. Think about factors such as whether you’re craving more stability, whether it makes sense financially and whether you’re prepared for the responsibility of maintaining a home.

You should explore some resources on Renting vs. Buying before you make the decision. I posted a article with a couple of good videos on this subject, and as an informative article here
2. Dig Into Your Credit Reports and Credit Scores Your credit score and history are the first things all lenders will look at to decide whether or …