Archive for April, 2016

Internal Revenue “Service” Surges from Horrible to Mediocre


Monday April 11th, 2016   •   Posted by K. Lloyd Billingsley at 10:47am PST   •   0 Comments

In recent years the Internal Revenue Service has been targeting groups for extra scrutiny and abuse based on their political views favoring limited government, lower taxes and accountability. According to the President of the United States “there were some boneheaded decisions,” but “not even a smidgen of corruption” was involved. As we noted, IRS...
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The Next Recession Will Blow Out the U.S. Budget


Saturday April 9th, 2016   •   Posted by Craig Eyermann at 11:57am PST   •   0 Comments

John Mauldin is an investment advisor who often explores the big picture on economic matters in his thought-provoking weekly columns. In his March 30, 2016 column, he weighs a what if scenario: What will the next recession mean for the state of the U.S. federal government’s finances? He starts by describing the U.S. government’s...
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Costs and Consequences of Minimum Wage Hike


Friday April 8th, 2016   •   Posted by K. Lloyd Billingsley at 5:22am PST   •   0 Comments

California is hiking the minimum wage to $15 an hour by 2022, and governor Jerry Brown is hailing the boost as a matter of “economic justice.” As Dan Walters of the Sacramento Bee recalls, Brown had previously resisted this move and argued for a hike to $13 an hour. But then, “Brown not only...
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A Milestone in Federal Education Waste


Wednesday April 6th, 2016   •   Posted by K. Lloyd Billingsley at 4:55am PST   •   0 Comments

Shirley Hufstedler, the nation’s first federal Education Secretary, has passed away at 90. That news might surprise some, and not just the younger set, who imagined that the first federal education secretary appeared way back in 1776. There wasn’t one, because the Constitution gives states, not the federal government, domain over education. Under these...
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Obamacare’s “Monstrous Forecasting Boo-Boo”


Monday April 4th, 2016   •   Posted by Craig Eyermann at 6:01am PST   •   0 Comments

Last month, the Congressional Budget Office released a report examining the state of the subsidies that would be paid out to people who purchased health insurance through the government’s Affordable Care Act exchanges in each state over the years from 2016 through 2026. CBO reports typically make for some pretty dry reading, so we’re...
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UC Disadvantages California Students, State Auditor Charges


Monday April 4th, 2016   •   Posted by K. Lloyd Billingsley at 5:40am PST   •   1 Comment

As we noted, California State Auditor Elaine Howle has been riding herd on Caltrans for shoddy maintenance practices that promote waste, fraud and abuse. Now the auditor turns attention to the University of California in a new report charging that UC admissions and financial decisions have disadvantaged California’s own resident students. Over the past...
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