“If you like your health care plan, you can keep your health care plan.” President Obama said that, but it isn’t true. At this article notes, Obamacare wipes out existing health care plans in 10 states: California, Missouri, Connecticut, Maryland, South Carolina, New York, New Jersey, Iowa, Wisconsin, and Georgia. More than 50 percent…
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This is the final week of the U.S. federal government’s 2013 fiscal year. The federal government’s bureaucrats will spend more money this week than in any other week of the year. Are they spending it on essential services? Are they spending it on things that matter to regular Americans? Are they paying down the…
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There are so many problems raised by Obamacare that one wonders if it was designed deliberately to fail. You don’t need a course in economics to have predicted two of the biggest problems: 1) the provision requiring any employer with 50 or more employees to provide healthcare. This has spawned an epidemic of companies called “49ers” with 49 or fewer employees; and,…
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With so much of the nation’s focus this week being affected by President Obama’s ongoing threats to both shut down the federal government on October 1, 2013 and to default on the nation’s debt three and a half weeks later as he refuses to negotiate with the U.S. Congress, you might have missed that…
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California governor Jerry Brown has approved legislation that hikes the current minimum wage of $8.00 an hour to $10.00 an hour by 2016. Supporters of the legislation say this “moral imperative” will help workers and their families but it’s more likely to harm them. As Thomas Sowell notes, 90 percent of American economists find…
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SNAP is the federal Supplemental Nutritional Assistance Program, the latest ad copy for food stamps, also euphemized as “Dignity Cards.” In California the program is called CalFresh, which sounds like a family restaurant chain. Whatever the name, SNAP is part of a massive handout program administered by the U.S. Department of Agriculture (USDA). In…
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With the national debt soon to reach $17 trillion, it’s not surprising that even the President can’t quite grasp the concepts of the debt ceiling and our national debt (see: “Raising the Debt Ceiling … Does Not Increase Our Debt“)—numbers this size are notoriously difficult for any of us to accurately conceive. That’s why…
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In his statist manifesto Who Stole the American Dream? New York Times vet Hedrick Smith says “government has to be much smarter in picking the companies it funds, and much tougher overseeing their performance.” Smith’s only example of un-smart funding and oversight was Solyndra, president Obama’s favorite solar energy firm, which transformed more than…
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Once upon a time in a far off land, a beautiful flower was discovered. Its bulbs became highly prized and their prices rose steadily. Word of the rising prices for the bulbs spread across the land and virtually everyone, rich and poor, began to buy bulbs for investment. The price of bulbs soared adding to the…
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Rather amazing video of comments made by President Obama before the Business Roundtable. Unfortunately, we can’t embed it, so you’ll have to click through to see it for yourself. What we can share with you, however, are President Obama’s words from the White House’s official transcript of the event: Now, this debt ceiling —…
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