Archive for September, 2012

Unintended Consequences


Saturday September 29th, 2012   •   Posted by Craig Eyermann at 11:34am PDT   •   5 Comments

Do you remember when pushing medical providers to go away from paper-based record keeping in favor of electronic records offered the promise of reducing the cost of health care? Here’s what USA Today reported just over two years ago, on July 14, 2010: WASHINGTON (AP) — The Obama administration on Tuesday rolled out an...
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Golden Fleece for Gold-Plated Flight


Friday September 28th, 2012   •   Posted by K. Lloyd Billingsley at 8:55am PDT   •   0 Comments

The federal government, more than $16 trillion in debt, saw fit to send the space shuttle Endeavour on a final joyride before it lands in a museum. Riding a Boeing 747, the shuttle’s farewell tour of California included two aerial laps around the state capitol in Sacramento. Fans were snapping pictures of a publicity...
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Stuck in the Mud...


Thursday September 27th, 2012   •   Posted by Craig Eyermann at 5:21am PDT   •   2 Comments

Now that the U.S. Census has released its newest estimate of median household income in the United States, it’s time to consider where the U.S. federal government spending per U.S. household stands with respect to the Zero Deficit Line, which is the amount of spending that the typical American household can actually afford. The...
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EPChe: An Expensive, Oppressive Agency Gets a Symbol


Tuesday September 25th, 2012   •   Posted by K. Lloyd Billingsley at 9:25am PDT   •   19 Comments

Susie Goldring, a “management analyst” with the Environmental Protection Agency, recently decided her co-workers needed catch-up on Hispanic culture. So she put together a fact sheet and tacked on a photo of a Che Guevara mural and his slogan, “Hasta la victoria siempre.” When the Che hit the fan, Goldring said she had no...
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The Multiplier for U.S. Debt Spending


Sunday September 23rd, 2012   •   Posted by Craig Eyermann at 12:42pm PDT   •   4 Comments

How much economic growth does the U.S. get for every new dollar it borrows? That’s an important question to answer and really, it all comes down to what’s called the multiplier, which can be described as the value of extra economic activity that is generated for every new dollar that is spent, with a...
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America’s Doctor?


Friday September 21st, 2012   •   Posted by K. Lloyd Billingsley at 10:45am PDT   •   1 Comment

In the latest campaign in the battle over government monopoly health care, what some call “socialized medicine,” one potentially strategic player has been missing in action. That would be Regina M. Benjamin, MD, the 18th Surgeon General of the United States. That office began in 1798 with the U.S. Marine Hospital Service, launched to...
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U.S. Debt Bigger than GDP


Thursday September 20th, 2012   •   Posted by Craig Eyermann at 6:15am PDT   •   7 Comments

Terrence Jeffrey of CNSNews.com reports: According to the most recent official estimate by the federal Bureau of Economic Analysis, the Gross Domestic Product for 2012 will be $15.6061 trillion–or about $440.5 billion less than the $16.0466 in debt that the federal government had accumulated as of the close of business on Monday. In other...
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Why Feds Won’t Sell GM Stock


Wednesday September 19th, 2012   •   Posted by K. Lloyd Billingsley at 9:21am PDT   •   8 Comments

The U.S. Treasury Department has invested $50 billion in the General Motors bailout and now owns 26.5 percent of GM stock, about 200 million shares and more than one-fourth of the company. GM was happy to get the taxpayer dough but now wants the government to sell its stock. Trouble is, the government won’t...
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Financial Crisis and Leviathan


Monday September 17th, 2012   •   Posted by K. Lloyd Billingsley at 2:54pm PDT   •   8 Comments

On a recent C-SPAN show, Richard Cordray, director of the federal Consumer Financial Protection Bureau, (CFPB) confirmed that the new federal agency that hasn’t done much in its first 14 months except expand an already bloated and wasteful government during a recession. The CFPB is the result of the 2010 Dodd-Frank Wall Street Reform...
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Who Owns the U.S. National Debt? Summer 2012 Edition


Sunday September 16th, 2012   •   Posted by Craig Eyermann at 11:14am PDT   •   20 Comments

Through 30 June 2012, the U.S. government had racked up some $15.855 trillion in debt. The chart below shows to whom most of it was owed: Although the United States’ total public debt outstanding has now exceeded 16 trillion dollars, at least as of 31 August 2012, the relative percentages for the major holders...
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