Archive for August, 2012

Japanese Juxtaposition


Friday August 31st, 2012   •   Posted by Craig Eyermann at 8:53am PDT   •   1 Comment

We’re going to make a point today, simply by putting three very recent stories side by side by side! First up, Nobel prize-winning economist Paul Krugman’s reflections on spending and growth posted at his New York Times-based blog The Conscience of a Liberal, which we’ve excerpted in whole given their brevity: First-quarter growth results...
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Feds Enforce Poverty, Impose Double Standards


Thursday August 30th, 2012   •   Posted by K. Lloyd Billingsley at 4:35pm PDT   •   3 Comments

National unemployment is more than 8 percent and 10.7 percent in California. In these conditions many baby boomers, especially those whose unemployment benefits have run out, have opted to take Social Security at age 62. They may find themselves facing federally enforced poverty. The Social Security monthly payout at 62 is substantially less than...
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Another Grim Debt Milestone


Wednesday August 29th, 2012   •   Posted by Craig Eyermann at 7:57am PDT   •   5 Comments

According to ZeroHedge, who has been tracking the U.S. Treasury’s debt auctions, it’s very likely that another grim milestone for the U.S. national debt has been surpassed, as it now exceeds 16 TRILLION dollars: November 16, 2011 was a historic date: that’s when the US officially surpassed $15 trillion in debt for the first...
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Poll Aside, TSA is Not OK


Tuesday August 28th, 2012   •   Posted by K. Lloyd Billingsley at 12:28pm PDT   •   10 Comments

A majority of Americans approves of the Transportation Safety Authority, according to a recent Gallup poll. A full 54 percent of Americans say the TSA is doing an excellent or good job and 30 percent rating the TSA as only “fair.” Only 12 percent of Americans, according to the poll, said the TSA was...
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Quick Facts on Federal Health Care Spending


Friday August 24th, 2012   •   Posted by Craig Eyermann at 7:47am PDT   •   4 Comments

Asking the question “Is the U.S. a single-payer system?“, Jason Shafrin, the Healthcare Economist, points to a report issued by the California Healthcare Foundation, which provides a wealth of information on the topic of health care spending in the U.S. We found the following facts presented in the report to be especially interesting: The...
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Government Not a Team Player: How Federal Policy Discriminates and Destroys


Tuesday August 21st, 2012   •   Posted by K. Lloyd Billingsley at 4:08pm PDT   •   2 Comments

In the 2012 Olympics the U.S. women’s gymnastics team finished first and won a gold medal. The U.S. men’s gymnastics team, on the other hand, failed to earn even a single medal and finished a dismal fifth. That result, and a broader decline in men’s college sports, is the direct legacy of federal gender...
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Debt Limit Video


Tuesday August 21st, 2012   •   Posted by Craig Eyermann at 1:23pm PDT   •   2 Comments

We missed it when it came out last year, but laughed when we finally caught up the following video put out by Debt Limit USA: Debt Limit — A Guide to American Federal Debt Made Easy The sad part, aside from seeing the little girl become a co-signer to her father’s debt, is that...
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Government Power of “No” Trumps Citizens’ Right to “Know”


Monday August 20th, 2012   •   Posted by K. Lloyd Billingsley at 12:15pm PDT   •   3 Comments

On Election Day all voters become policy makers and this November 6 Californians will decide four ballot measures on taxes and spending. The Senate Governance and Finance Committee recently held hearings on these measures and the California Channel gave voters statewide a chance to watch and gain insights from the testimony. Unfortunately, senate President...
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The Household Burden of the National Debt


Friday August 17th, 2012   •   Posted by Craig Eyermann at 8:50am PDT   •   7 Comments

On 15 August 2008, the total U.S. public debt outstanding was just over $9.6 trillion (or if you’re a stickler for accuracy, $9,606,975,957,798.46). Four years later, on 15 August 2012, the total public debt outstanding for the United States had risen to just over $15.9 trillion (or rather, $15,919,488,010,442.70). In four years then, the...
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Dollars and Census: Quest for New Classifications All About Federal Spending


Thursday August 16th, 2012   •   Posted by K. Lloyd Billingsley at 9:51am PDT   •   0 Comments

The federal Census Bureau, budget $3.1 billion, seeks changes to its racial classification system that have more to do with federal spending than ethnic and racial accuracy. The current government-approved racial categories, set by the White House Office of Management and Budget, are: white, black, Asian, Pacific Islander and American Indian/Alaska Native. Many Americans...
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