Herb Kay's S.O.S. System
  December 23, 2009
  "I'm Herb Kay and the most important thing to know about me is that I'm not going to lie to you or pull your chain. Ever. In my S.O.S. Guides, I give you, well, guidance, in a straight-talking and step-by-step way. The website offers the "advice side" of my system. Here, in my blog, I'm going to dig a little deeper and get a little grittier. That's the opinion side of my system. Will I say something that might shock you? Maybe. Will I ruffle some feathers? Perhaps. Will you close the page with some food for thought? Absolutely."

The Herb Kay Way is the straight forward, never-mince-words way. Check out Herb's latest blog on your money, your career, your debt, the economy and the world we live in.
 
Pursuing Worthwile Goals
When Downsizing is a Powerful Tool
Can We Address the Important Issues?
Just a Sentence or Two.....
A Dose of Reality
Getting Involved and Taking a Stand
Study Up on Your Loans
Drop Back Ten and Punt!
Who Can you Depend On?
Some Sobering News About the Economy
Grab a Beer and Take the Slide Home......
Another Loophole, Another Lesson
What is Your Core Conversation?
Loyalty and Leadership
The Argument for Being a Grownup
The 'Business' of Complaints
Electricity in the Air......
Taking a Hard Look at the Figures
A Public Life
My "Advice" to You
Perspective vs. History
Worried Sick!
It's About the Kids!
Gooooooooaaaallll?
Where Will the Money Come From?
Immigration Arguments: Debunked!
Blame Policy, Not Banks
Happy Birthday America!
Crony Capitalism
G8/20 and What That Means For You!
Our Economy and the Free Market
Building a Bubble?
"Fixing" Our Problems
The $20 Billion SNAFU
A Screaming Deal!
Action Breeds Success!
It's Going to Take Some Effort!
Getting Our Lives Back
For Better or Worse......... I Prefer Better
The Pressure to be President.......
This Great Nation......
Financial Reform - Ha...what a joke!
Municipal Bonds are a thing of the Past!
Feeling Good!
Moving Forward
The Signs Are All Around Us
It's a Grim Diagnosis
Oh, the Pressure.....
The Big Fat Greek Fallout
It's Getting Ugly......
Perfection is a Myth
Be Different
Moving on While Moving Ahead
An Immigration Abomination
I've Got a Question.......
Logic vs. The Logistics of Inflation
The Free Market - Greed at its Very Best
Informed on Inflation
Don't Fix What Isn't Broken
Harnessing Energy - The Herb Kay Way
Staying Ahead of the Curve
What Trade Deficit?
Greek to Me
There's a Bridge in Brooklyn......
Problems That Don't Exist
Don't Invest in Mediocrity
The Fed's Mutually Exclusive Roles
Deadly Serious
Election Year Scapegoats
"Willfully Insane"
Balancing your Beliefs - How Our Political Convictions Influence the Debate Over the Economy
Let's Reward the Renters
Don't Plug the Hole.......Replace the Bucket!
Europe's Safety Net
The Collapse of the System
Apple Makes a Lemon
Pot, Capitalism & The Free Market
Who is Your Banker?
Real Estate? Now is NOT the Time!
Grading on a Curve
When the Inflation Stars Align
When Foolishness Goes International....
The Recovery?
The Competitive Advantage of Reaganomics
What Wednesday Brings.....
Stopping The Addiction
Signing On The Dotted Line
Be Optimistic - Not Foolish
The Real Story
Selling Your House (and your credit) Short!
The Entitlement State
It's Anyone's Guess
Ask, And You Just Might Receive
Crazy Like A Fox!
It's Only Tuesday!
Spending Some Time - Cutting Spending
There's No Such Thing As Easy Money!
What Exactly is Responsible Borrowing?
Just Bite The Bullet
With Change Comes Turmoil
Q & A......The Herb Kay Way!
Wanna Bet? Gamble on Inflation!
A Lesson on Education
Two Different Beasts: Why Price Does Not Equal Wealth
For this Party - Three's a Crowd
Good Luck With All of That!
Dear Mr. Bank President:
It's Not That Simple
Raising the Stakes
State of The Union: The Herb Kay Way!
Capital Gains - Your Pains!
Cooking the Books
What's in a Name?
Questionable Choices: Healthcare Reform
And the Person of the Year Is......
A History Lesson
Goverment's Stimulus Fairytale
Let's Hope I'm Wrong
Fake Money = Real Problems
Collectors Lie
35 Million Americans Can't Be Wrong
Simple Truths, Simple Lies
Lending and The Federal Reserve: Why Making Banks Rich Again Will be Bad for the Economy
Are You Health Care Aware?
Have Good Credit? With New Legislation in the Works, the Question is, Who Cares?
Healthcare and the President
Tips for Choosing a Bank and the Right Bank Account
 
What's in a Name?
 

"The Patient Protection and Affordable Care Act".  Wow, what a great name.  In case you hadn't
heard the news, that is the name officially given by Congress to the monstrosity that was
passed in the Senate.  The government has long had a talent for naming stuff in ways so
grandiose that no future Congress would repeal them as they sounded too good to the voter to
consider repeal.  It is no accident.  Never mind that the new law does nothing to protect patients
or make care more affordable.  Basically it turns insurance companies into public utilities which means higher costs and increased regulation.  There has never been a regulated industry that has delivered lower costs.  Don't believe me?  Think telephones.  AT&T used to be a public utility and regulated monopoly.  Remember when long distance phone calls were a big deal?  Not to give away my age but I can clearly remember making one sentence calls collect to my parents from summer camp.  "Hi, I'm here and fine.  Love you.  Bye."  I saved any longer discussions for letters (I know, no one does that anymore) as they were cheaper by a longshot.

Today tons of companies compete for your phone service.  Most of us will sooner or later turn off our old fashioned land lines for the unlimited long distance and internet provided by our increasingly sophisticated cell phones.  And if you keep your land line, check out the internet
phone services offering unlimited service for under $20 per year.  That's what a free market
does folks.  It improves service and lowers costs.  Always.

Remember airlines before deregulation?  There weren't too many of them, the routes were protected supposedly for our protection by the government, and tickets were really expensive.  Today I can book a ticket on Southwest or JetBlue, one of the many new carriers that sprang up since deregulation in the late 1970s, and fly round trip to lots of cities for, well, peanuts!  And the surviving big carriers of the past have had to compete on cost and service as well.  Lots of airlines have failed which is a good thing in the creative destruction of capitalism.

Franklin Roosevelt named Old Age Welfare "Social Security" and created the fiction of there
being a trust fund so that future Congresses wouldn't dare repeal what people have come to
believe is a national pension system that they pay into.  It isn't, never was, and the whole
thing was a cynical sham from the start.  FDR did it on purpose like Harry Reid is trying to
do it with healthcare today.  Let's hope it isn't the straw that finally breaks the camel's back
and bankrupts us officially as in effect we already are. 

Oh, and as for my suggestion for the new name for the healthcare act?  "The Increased Cost
Act to Ruin What's Left of Decent Medicine, " how about that?