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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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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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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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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In honor of his recent passing, we’re taking our cue from Dick Clark’s classic television game show of yesteryear for today’s article, in which we’ll pretend to be the ones giving five clues to a contestant on that show so they can guess the category. See if you can guess what the category is…
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The first question: “Does racking up a lot of national debt hurt a country’s economic growth prospects?” The answer, via Political Calculations: What we see is that high levels of national debt with respect to the size of a nation’s economy, would appear to have a medium-strength effect upon its real rate of economic…
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What happens when a foreign government becomes the most important customer for U.S. government-issued debt? Why, that government gets its own special, and up until now, secret bank account at the U.S. Treasury Department! Reuters blows the lid off the special privileges that China now has for buying U.S. debt direct from the source:…
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Did Washington learn anything from the GSA fiasco? Only a month after the scandal, government bureaucrats seem to be at it again: showing no financial responsibility on taxpayer dime. Destination: Maui. Aloha! Breitbart reports: Judges from the Ninth Circuit Court of Appeals, federal district and bankruptcy courts in nine Western states and two Pacific island territories,…
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Presented below, in one graph looking at 25 year intervals, and amazingly from National Public Radio of all places, which falls in the “Everything Else” category…. Being NPR, the related article also offers the following tidbit of deceptive analysis: Federal spending has grown roughly as fast as the overall economy over the past 50…
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What steps might fiscally responsible politicians follow to get a grip on an out-of-control spending problem? Here’s a list of ideas from around the world: France: Cut the pay of top government officials by 30%. In the U.S., they could save a lot more by also cutting their excessively generous benefits by at least…
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