“The thing that staggers me about the Republican hatred of this law [the Affordable Care Act, a.k.a., Obamacare] is its abstract quality. They never address the real problem of our massively inefficient private healthcare market, which is a huge burden on the economy. They never address how to help the millions of uninsured adults get the care all human beings need. They appear to regard a Heritage Foundation, free-market-designed, private healthcare exchange system as some kind of communist plot. They do not seem to believe there is any pressing problem at all. And they have nothing constructive to offer.” – Andrew Sullivan
“Poverty damages children’s dispositions and blunts their brains… poverty in this country is now likely to define many children’s life trajectories in the harshest terms: poor academic achievement, high dropout rates, and health problems from obesity and diabetes to heart disease, substance abuse and mental illness.
Children are now our poorest group, with almost 25 percent of children under 5 living below the federal poverty level.”
“The evidence is overwhelming. Year after year, actively managed mutual funds fail to beat index funds. Studies have born this out repeatedly over various time periods in bull and bear markets.”
John C. Bogle, founder of Vanguard, takes you through an extraordinary example of how an extra 2% fee on your fund can rob you of 2/3 (That’s TWO-THIRDS) of your potential earnings over time because of how compound interest works.
Actively managed funds have higher fees than the index funds they fail to outperform, fees that also reduce your compounded earnings. In other words, you’re being robbed twice.