Federal student financial assistance programs are “costly, inefficient, byzantine, and fail to serve their desired objectives,” according to Ohio University economics professor Richard Vedder. Fraud is rife and many students fail to graduate and carry heavy debt into their forties. But unlike the federal government, those who receive federal student aid cannot simply raise…
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In The Daily Caller, Sally Nelson reports today that: Eighty-three percent of American physicians have considered leaving their practices over President Barack Obama’s health care reform law, according to a survey released by the Doctor Patient Medical Association. The DPMA, a non-partisan association of doctors and patients, surveyed a random selection of 699 doctors…
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One of the most important qualities of leadership can be simply described as “follow through.” It’s not enough to offer grand visions, deliver inspirational speeches or concoct elaborate plans – an effective leader also needs to do the mundane work of making sure that those they task with doing the work associated with their…
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Although the easiest answer to the question is “it’s both”, the semantic games being played by the White House in response to the Supreme Court’s finding that the individual mandate prescribed by the Patient Protection and Affordable Care Act (aka “ObamaCare) is only constitutional as a tax under federal law leads us to try…
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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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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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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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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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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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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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