Obamacare, so says the Congressional Budget Office, will lead some 2.5 million workers to drop out of the labor force. But the White House sees the silver lining: “Over the longer run, CBO finds that because of this law [Obamacare], individuals will be empowered to make choices about their own lives and livelihoods like…
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As Obamacare continues to fail its apologists look to state exchanges such as California’s for signs of success. There might be a couple but this report does a decent job of finding failure. “The state health insurance exchange’s online enrollment portal remains down because of a software malfunction that has dogged consumers,” says the…
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For several years now, 24/7 Wall Street has analyzed how well each state within the United States is run by its elected officials and government bureaucrats. To determine how well each state is run, they looked at each state’s financial data as well the services that each provides to its residents, while also factoring…
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Via Stanford professor and former presidential economic adviser Keith Hennessey: Hennessey also provides one of the best summaries of the CBO’s 2014 Budget and Economic Outlook report that we’ve seen anywhere: In their recently released annual Economic and Budget Outlook CBO lays out the four costs of higher debt (page 7). “Federal spending on…
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For the third consecutive year, the National Basketball Association included U.S. Secretary of Education Arne Duncan in its celebrity game on all-star weekend. Duncan played basketball at Harvard where he was a first team academic all-American. In Black History Month some viewers might have thought that his real job is to dish out assists…
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We’re going to look at the growth of the U.S. national debt a little bit differently today. Instead of noting when it will likely exceed the typical milestones that usually get tossed around, say when its set to exceed $18 trillion (next year) or some percentage value of GDP, we thought it might be…
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Early 2014, with tax time approaching, is a good time to recall some hard realities. New government entitlements such as Obamacare are proving a colossal bust, and the federal government has been busy creating brand new agencies of dubious utility, such as the Consumer Finance Protection Bureau. None of that means that older federal…
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We recently noted that a hearing in the State Transportation and Housing Committee raised concerns about the safety of the new eastern span of the San Francisco–Oakland Bay Bridge. Now it turns out some of the witnesses knew what they were talking about. As the San Francisco Chronicle notes, “a supposedly watertight steel chamber…
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President Obama told Americans that if they liked their health plan they could keep it. As millions of Americans discovered, that turned out to be wrong. And the victims may not be happy with the latest Obamacare twist: If you dislike the health plan the government wants you to have, you pretty much have…
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Depressing deficit and debt news from Washington D.C.: On the same day House Speaker John Boehner said he would bring a “clean” debt ceiling bill to the House floor — and join Democrats in voting for a 13-month extension of the debt limit — the head of the Congressional Budget Office declared that the…
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