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Archive for June, 2012

Adding Up the New Taxes of ObamaCare

Saturday June 30th, 2012   •   Posted by Craig Eyermann at 11:14am PDT   •   15 Comments

Now that the Supreme Court has declared that the Patient Protection and Affordable Care Act, a.k.a. “ObamaCare”, can only be considered to be constitutional under the Congress’ power to tax Americans, how much will Americans see their taxes go up once the law goes fully into effect? And will it only affect people with…
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Blazing Bullet Train: How the Federal Government Enables State Waste

Friday June 29th, 2012   •   Posted by K. Lloyd Billingsley at 10:26am PDT   •   7 Comments

California cannot balance its budget and faces a deficit in the neighborhood of $16 billion. More than 10 percent of California workers are unemployed and the state economy shows few signs of recovery. Yet the state wants to build a bullet train and has established a high-speed rail “authority” for that purpose. If approved…
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Entitled to Waste: Mo’ Better Bonuses at the GSA

Wednesday June 27th, 2012   •   Posted by K. Lloyd Billingsley at 4:47pm PDT   •   3 Comments

U.S. General Services Administration (GSA) administrator Daniel M. Tangherlini, “serves a vital role in President Obama’s agenda to build a more sustainable, responsible and effective government for the American people.” He has his work cut out for him. Federal workers are paid about twice as much as workers in the private sector, but at…
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Time Runs Out

Wednesday June 27th, 2012   •   Posted by Craig Eyermann at 6:20am PDT   •   2 Comments

What is the alternative to taking voluntary action to cut back on excessive spending when a government racks up more debt and obligations than it can ever afford to pay? After a certain point, the alternative is to have action forced upon the government when it can no longer pay its bills with IOUs…
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The United States’ Unsustainable Fiscal Trajectory

Saturday June 23rd, 2012   •   Posted by Craig Eyermann at 10:34am PDT   •   3 Comments

Not long ago, we showed how the nation of Estonia was doing austerity right in confronting its fiscal problems of recent years. Today, we’re going to show you what the United States has been doing. As the chart below reveals, it has been pretty much anything but austerity: In the chart, all the values…
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Crushing Growth with Debt

Monday June 18th, 2012   •   Posted by Craig Eyermann at 2:29pm PDT   •   5 Comments

How much does having too high a national debt hurt a country’s ability to grow its economy? Thanks to recent research published by the National Bureau of Economic Research, using historical data going back to 1800, we can now answer the question. Once a country’s national debt exceeds 90% of its GDP, and it…
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How to Save Money on Medicare

Saturday June 16th, 2012   •   Posted by Craig Eyermann at 2:29pm PDT   •   2 Comments

Something unexpected is happening with the cost of health care in the U.S.: the cost of health care is rising at a much slower rate than it has been! Reuters reports: The U.S. Centers for Medicare and Medicaid Services said healthcare spending will rise about 4 percent a year between now and 2014, when…
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Doing Austerity Right

Tuesday June 12th, 2012   •   Posted by Craig Eyermann at 5:56am PDT   •   2 Comments

We have to admit that we’re pretty amused by the latest economic dispute to break out in the world of social media involving a Nobel-prize winning economist, Paul Krugman, and the President of Estonia, Toomas Hendrik Ilves. The Los Angeles Times reports: Twitter went atwitter Wednesday over a somewhat surprising spat: The President of…
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Friday June 8th, 2012   •   Posted by Burt Abrams at 10:15am PDT   •   1 Comment

The disease known as Eurosclerosis that has infected Europe for decades now has taken a turn for the worse. It appears that amputations are about the only viable treatment as countries with particularly advanced stages of the disease are likely to be cut from the euro-zone. This has prompted an old-fashioned run on the…
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Doubling the National Debt in 25 Years

Tuesday June 5th, 2012   •   Posted by Craig Eyermann at 10:26am PDT   •   1 Comment

The Congressional Budget Office has just issued its Long-Term Budget Outlook for 2012 for the U.S. government’s budget, indicating that they now believe the United States government will double the size of its national debt, with respect to the nation’s GDP, in just 25 years time: The budget outlook is much bleaker under the…
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