Posts Tagged ‘socialism’

Costing Out California Socialism


Wednesday June 14th, 2017   •   Posted by K. Lloyd Billingsley at 3:23pm PDT   •   0 Comments

Joel Kotkin, a Presidential Fellow in Urban Futures at Chapman University, charts “California’s Descent to Socialism,” a new statist strain that “more resembles feudalism than social democracy” and being advanced by, “among others, hedge-fund-billionaire-turned-green-patriarch Tom Steyer.” He wants to double down on environmental and land-use regulation but as Kotkin observes, the state’s already severe land-use…
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The Federal Government Can’t Even Run a Veterans Cemetery


Monday December 26th, 2011   •   Posted by David Theroux at 3:29pm PST   •   5 Comments

In “Problems possible with nearly 65,000 Arlington graves, report says” in the Washington Post, Christian Davenport reports that the newly released year-long study, after earlier reports of misidentified remains, shows that the 150-year-old, Army-run, Arlington National Cemetery has problems with 25% of the graves! Errors include “mismarked or unmarked graves, urns that had been…
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GM’s Chevy Volt Costs Taxpayers $250,000 Per Vehicle


Wednesday December 21st, 2011   •   Posted by David Theroux at 6:37pm PST   •   23 Comments

In new analysis from the Mackinac Center, James Hohman discusses how $3 billion in federal and state funding for General Motors’ Chevy Volt, the much acclaimed “green,” plug-in, hybrid electric vehicle, is costing taxpayers $250,000 per car. As noted by Hohman, the Volt “might be the most government-supported car since the Trabant,” the car…
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Beyond Politics: The Roots of Government Failure


Thursday December 8th, 2011   •   Posted by David Theroux at 10:40pm PST   •   0 Comments

Traditional public policy and welfare economics have held that “market failures”—the presumed inability of a free market to deliver certain goods and services deemed to be in the public interest—are common and require government intervention to protect the public good. But is this actually the case? The Independent Institute book, Beyond Politics, by Senior…
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And Now a Bailout for the U.S. Postal Service?


Monday December 27th, 2010   •   Posted by David Theroux at 6:16pm PST   •   0 Comments

Angela Greiling Keane reports in a recent article at Bloomberg Businessweek, “A Bailout for the U.S. Postal Service?”, that the U.S. Postal Service’s costs “will exceed revenue by $2.7 billion, even after borrowing $3 billion from the U.S. Treasury, the annual legal limit. Total debt, now $12 billion, by law can’t exceed $15 billion….
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State of California to Sell 24 Government Buildings for $2.3 Billion


Saturday October 16th, 2010   •   Posted by William Shughart at 1:30am PDT   •   0 Comments

News item: “California to Sell 24 Government Buildings for $2.3 Billion” (AP, October 12, 2010). As a way of helping plug the State of California’s now-chronic budget deficit, this headline is welcome news. Among the state-owned properties on the auction block are LA’s Ronald Reagan State Building and San Francisco’s Civic Center. I have…
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Federal Health-Care Overhaul to Raise Rates on Individuals and Small Business


Friday September 10th, 2010   •   Posted by David Theroux at 1:24am PDT   •   2 Comments

In an article by Janet Adamy, the Wall Street Journal reports that contrary to the claims of the Obama administration, rates for health insurance for individuals and small businesses are projected to increase by as much as 20%. Although such rate increases primarily apply to new policies, “consumers could be subject to the higher…
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The Flaws of Social Security


Friday September 3rd, 2010   •   Posted by Anthony Gregory at 6:13pm PDT   •   1 Comment

Far from being an investment program, Social Security is a pay-as-you-go operation where new revenues are spent immediately and future entitlements are funded exclusively through the promise to tax workers in the future, many of whom haven’t even been born yet. It is taxation without representation in the most cynical sense. The program is…
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