Archive for May, 2011

In a new agreement reported by William Boston in the Wall Street Journal, “Want to Buy a Piece of a Greek Island?”, the government of Greece is taking steps to sell off and privatize a small amount of its enormous holdings of government-owned property. Will this properly begin the process of divesting to the...
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Obama’s Mediscare, ObamaCare, and the Need for Private-Market Health Care


Sunday May 29th, 2011   •   Posted by David Theroux at 6:33pm PST   •   0 Comments

In “Mediscare: The Surprising Truth,” Thomas Savings and John Goodman discuss in the Wall Street Journal the scare-mongering campaign by the Obama administration regarding ObamaCare and Medicare, and then provide positive reform directions based on creating tax-free, private, health care accounts providing choice: The Obama administration has repeatedly claimed that the health-reform bill it...
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The Hidden Cost of the U.S. National Debt


Thursday May 26th, 2011   •   Posted by Craig Eyermann at 2:40pm PST   •   2 Comments

What is the hidden cost that Americans are paying to have the U.S. federal government spend so much money? To answer that question, let’s take a closer look at when U.S. federal government spending really went out of control. Here, if we track the U.S. federal government’s spending [1] per U.S. household against median...
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Obama “Economic Stimulus” Cost Lurches Higher Again


Wednesday May 25th, 2011   •   Posted by David Theroux at 4:43pm PST   •   0 Comments

In “Stimulus price tag once again lurches higher,” Stephen Dinan reports in the Washington Times that according to the Congressional Budget Office, the cost of Obama’s “economic stimulus” package (American Recovery and Reinvestment Act of 2009 or ARRA) has now risen by another $40 billion. Congress’s chief scorekeeper said Wednesday that the price tag...
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The Right Frame of Reference for Judging the Current Level of Federal Spending


Wednesday May 18th, 2011   •   Posted by Craig Eyermann at 9:38am PST   •   1 Comment

How does today’s U.S. federal government spending compare to the levels recorded before the recession? That’s an important question to ask because a lot of politicians and bureaucrats have a pretty large stake in keeping federal spending at elevated levels. How elevated those current levels of spending are with respect to what was typically...
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Is Social Security a Good Deal? Antony Davies Answers


Monday May 16th, 2011   •   Posted by Emily Skarbek at 8:41am PST   •   5 Comments

U.S. Treasury Default Options


Monday May 16th, 2011   •   Posted by Emily Skarbek at 7:49am PST   •   3 Comments

Charles Rowley summarizes two options facing bond holders as sketched out by Stanley Druckenmiller, the legendary investor and onetime fund manager for George Soros. “First, suppose that one owns a 10-year Treasury. In return, one receives an income stream over that period. As a result of default that income stream will be delayed for...
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Social Security “Trust Fund” Deficits to Add $5 Trillion to U.S. Debt


Sunday May 15th, 2011   •   Posted by David Theroux at 9:39am PST   •   3 Comments

Jed Graham in Investor’s Business Daily reports that a new study of the financial condition of Social Security and Medicare indicate that with baby boomer retirements, rising health costs, and the ongoing economic malaise, these federal entitlement programs are producing massive deficits in perpetuity unless major changes are made to cut these unsustainable liabilities....
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Emily Skarbek Is Interviewed on the Government Cost Calculator on Reason TV


Thursday May 12th, 2011   •   Posted by David Theroux at 10:49pm PST   •   1 Comment

Independent Institute Research Fellow Emily Skarbek is interviewed here by Nick Gillespie of Reason TV regarding the Institute’s very timely and far-reaching Government Cost Calculator. The Calculator enables any American to clearly understand three aspects of federal government spending. First, the Calculator helps you determine how much a person will pay for various federal...
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Ed O’Keefe reports at the Washington Post that the U.S. government’s postal monopoly continues to hemorrhage red ink at an astounding rate as a result of huge and unsustainable, public-employee-union pension schemes: The U.S. Postal Service reported $2.2 billion in losses during its second quarter, continuing several quarters of historic losses amid declining mail...
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