Archive for January, 2013

Disincentives to Work Have Slowed U.S. Economic Growth


Wednesday January 16th, 2013   •   Posted by Carl Close at 12:53pm PST   •   7 Comments

The 21st century has not been kind to the U.S. economy: the annual rate of GDP growth for the past 12 years, once all the data are available, probably will prove to be about half the 3.5 percent annual rate the country enjoyed from its founding to the late 20th century. One key factor...
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Big Brother Keeps Watching – But Not Necessarily Protecting


Wednesday January 16th, 2013   •   Posted by K. Lloyd Billingsley at 10:34am PST   •   6 Comments

Federal authorities can continue to wiretap and conduct surveillance on non-Americans within the United States according to the Foreign Intelligence Surveillance Act (FISA) recently reauthorized by the U.S. Senate and earlier by the House. Senate majority leader Harry Reid said the measure was imperfect but necessary to “protect us from evil in this world.”...
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Cap and Freeze


Tuesday January 15th, 2013   •   Posted by Craig Eyermann at 7:48am PST   •   5 Comments

Which of the following three entities of the U.S. government would you say is the least responsible when it comes to the U.S. federal government budget? The President of the United States The U.S. Senate The U.S. House of Representatives Here are the key responsibilities of each entity: By law, the President of the...
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Federal NHTSA Cranks up the Noise


Monday January 14th, 2013   •   Posted by K. Lloyd Billingsley at 9:31am PST   •   1 Comment

The federal National Highway Traffic Safety Administration (NHTSA) is proposing minimum sound requirements for electric cars, hybrids and other vehicles in order to warn pedestrians, cyclists and the sight-impaired. The rule is based on a 2009 NHTSA study of state-level accident data finding that 77 of 8,387 hybrid vehicles (.9 percent) were involved in...
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Why the “Unconscionable” Tax Burden Will Continue


Thursday January 10th, 2013   •   Posted by K. Lloyd Billingsley at 11:44am PST   •   3 Comments

The U.S. tax code places a “significant, even unconscionable burden” on taxpayers and needs to be completely overhauled. That is the view of Nina E. Olson, national taxpayer advocate with the Internal Revenue Service, as she explained to Congress on January 9. The code is so complicated, that individuals and business have to spend...
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Your Paycheck After the Fiscal Cliff Deal


Thursday January 10th, 2013   •   Posted by Craig Eyermann at 5:05am PST   •   4 Comments

How much will your paycheck change as a result of the recently passed fiscal cliff deal in Washington D.C.? The answer to that question depends not just upon how quickly your employer can incorporate the required changes in federal withholding tax rates, but also upon which set of instructions they received from the IRS...
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Hidden Money Cover-up


Wednesday January 9th, 2013   •   Posted by K. Lloyd Billingsley at 7:55am PST   •   2 Comments

We have been following California’s hidden-money scandal, in which bureaucrats in the state Parks Department concealed $54 million for more than a decade, even as the Department was shutting down 70 parks, the state facing budget deficits of $16 billion, and politicians stumping for huge tax increases. One legislator wanted to know how much...
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Fed Energy Plan Good Car-ma for Tesla Boss


Monday January 7th, 2013   •   Posted by K. Lloyd Billingsley at 7:54am PST   •   10 Comments

Millions of Americans are bracing for fiscal cliff fallout, looking for jobs, postponing purchases and cutting back on spending. Not so Elon Musk, CEO of Tesla Motors. As the Los Angeles Times noted, Mr. Musk just plunked down $17 million for a 20,248-square-foot Bel-Air mansion with a gym, seven bedrooms, 10 bathrooms, tennis court,...
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Mark Your Calendars!


Saturday January 5th, 2013   •   Posted by Craig Eyermann at 12:55pm PST   •   4 Comments

On January 3, 2013, President Obama signed, via autopen, the fiscal cliff deal, in which President Bush’s 2001 and 2003 income tax cuts were made permanent for all but those individuals earning more than $400,000 per year or families earning more than $450,000 per year, who are now required to pay the Clinton-era 39.6%...
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Voters Believe Federal Spending Cuts Unlikely


Friday January 4th, 2013   •   Posted by K. Lloyd Billingsley at 3:09pm PST   •   1 Comment

Most American voters want to see the federal government make spending cuts across the board, but those same voters doubt such cuts will take place, according to a recent Rasmussen Poll. The survey found that only 39 percent of likely voters think it is somewhat likely that government will significantly reduce spending while 57...
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