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" ... If we can get past the free college litmus test, there are many ways to close America’s education-to-employment gap. And Democrats should keep in mind that litmus tests haven’t been healthy for the Republican party (see e.g., guns, America First, Trump). They often lead to ineffective boondoggles – how’s that border wall going? 2020 America is a complicated place, and the right answers are more likely to be thought-through policies and investments in new models than slogans and funneling cash to the same old same old. ... "
" ... Meyer: It pains me to say it, as I favor diplomacy above all else, but with a $700-plus billion per annum allocation to defense spending, the military-industrial complex is the clear winner. The sector is not without risk, as the warfare vs. welfare debate is ongoing. The Republican majorities in the House and Senate are tenuous and fluid, although when it comes to budgeting, both parties are willing to fund their boondoggles with equal enthusiasm. The cybersecurity sector is very much within our sights. We are also selectively and with the utmost caution looking at foreign stocks, where we hope to find compelling ideas that surmount the significant risks associated with venturing abroad. After all, our large-cap US stocks already provide us with considerable foreign exposure. That said, we have experienced excellent returns from the handful of foreign stocks that we own. ... "
" ... Notice these aren’t wasteful boondoggles — they’re basic provisions any employer can offer to take some of the fundamental human worries off their employees’ plates. If we’re worried about employee retention, this is the best and clearest place to start: make sure people have what they need to survive and thrive. Everything else will take care of itself if we look after the fundamentals. ... "
" ... Politicians know, or at least sense, the power of language. President Obama speaks of government "investment," a term properly applied only to the private sector, not to the government's expropriation of capital from the private sector to finance boondoggles that men's free financial decisions would not allow. ... "
" ... The FAA is more than half way through 22-year, $40 billion program to create a new and better air traffic management system called NextGen. Yet there’s very little to show for it. NextGen is way over budget and way behind schedule. It’s original 2025 target date already has been pushed to 2032 and they don’t even mention total budget numbers anymore. It’s one of the great government boondoggles of this era, though most people are barely even aware of the program’s existence. ... "