Archive for July, 2016

Plunging Yields on U.S. Treasuries Benefit U.S. Government

Monday July 11th, 2016   •   Posted by Craig Eyermann at 6:36am PST   •   1 Comment

Global Financial Data is a firm that maintains a big database the records lots of economic data going as far back as the year 1168. The firm recently produced the following chart showing the interest rates that the U.S. government has paid to its creditors on 10-Year debt securities issued by the U.S. Treasury...
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Medicare Trust Fund Running Out of Money

Friday July 8th, 2016   •   Posted by Craig Eyermann at 6:14am PST   •   0 Comments

Yet another federal government trust fund supporting the welfare of America’s elderly population appears set to run out of money within the next 12 years. This time, it’s Medicare’s Hospital Insurance Trust Fund which, when it runs out of money as projected in 2028, will shrink the amount of money that goes to help...
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Regional Transit Retirement Rip-Off

Tuesday July 5th, 2016   •   Posted by K. Lloyd Billingsley at 9:56am PST   •   2 Comments

The whopper government pension of Mike Wiley, outgoing boss of Sacramento Regional Transit, continues to make news, but not just because it draws on the RT operating budget. As Tony Bizjak notes in the Sacramento Bee, Wiley is eligible for a pension of $278,000, a full $48,000 more than Wiley’s final salary of $230,000...
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Puerto Rico Defaults on Constitutionally Guaranteed Debt

Tuesday July 5th, 2016   •   Posted by Craig Eyermann at 6:23am PST   •   0 Comments

Last week, on June 29, 2016, President Obama signed a bill designed to help Puerto Rico’s government restructure its excessive debts into law – the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). CNN reports: On Thursday, President Obama signed a bill known as PROMESA (Spanish for “promise”) to help Puerto Rico get...
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