By any fiscal measure, the government of Puerto Rico is the worst off of all state or territorial governments within the United States. But which U.S. state or territory is the second worst off? In discussing the state of the city of Chicago, City Journal‘s Aaron Renn makes a strong argument that it is…
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Today, President Obama is traveling to Riyadh, Saudi Arabia to meet with that nation’s new king for the first time. But there’s a problem. There is legislation currently making its way through Congressional committees on Capitol Hill that threatens the interests of Saudi Arabia’s government, in that if it becomes law, would expose the…
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It only took them about 7 years to notice it, but the editors of Time Magazine may have finally recognized that the United States has perhaps a bit of a problem with having grown such a large national debt during that time. Economist and financial journalist Jim Grant, perhaps better know for his highly…
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Investor’s Business Daily editorializes on the biggest problem that state and local governments face across the United States: A new report by Hoover Institution Senior Fellow Joshua Rauh shows that, unless action is taken soon, many local governments could face bankruptcy because they can’t meet their pension obligations. “This study shows that unfunded pension…
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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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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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We came across a really interesting example that exemplifies the difference in the way people in the private sector think versus how people who work for government think! In the private sector, thanks to modern computing technologies, many businesses are able to automate a vital portion of their businesses: the taking of orders for…
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Last year, as part of the 2-year budget/debt ceiling deal negotiated between President Obama and former House Speaker John Boehner, spending on national defense was supposed to increase. Here’s what Military Times wrote at the time: The White House and Congress late Monday agreed to a budget deal that would provide financial relief to…
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Something is deeply amiss where President Obama’s latest proposed spending for Health Care Services is concerned. Previously, we noted the remarkable growth in the amount of spending that President Obama has proposed for the line item (literally Line 551 of Historical Table 3.2) that includes expenditures for the Medicaid and Affordable Care Act (more…
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We’ve just updated the MyGovCost calculator to incorporate all the new federal government spending that President Obama has proposed and the Congressional Budget Office really anticipates in the future! What we found in doing the analysis for the latest budget is that much of what President Obama has proposed is something of a smoke…
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