When the Obama administration acted to furlough 815,239 federal government employees as part of the partial shutdown of the U.S. government in the absence of having passed a budget or a continuing resolution to continue funding government operations, just under half of that number, 400,000, came from the Department of Defense’s civilian labor force….
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China Daily, China’s English language newspaper, is not the most objective of sources, but a pairing of recent headlines on October 3 tells much. “Xi [China’s President] pledges to boost ties with Indonesia. Countries ink deals on fisheries, defense as well as aerospace,” was next to “Obama cancels trip to Malaysia. U.S. President trims…
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In Part 1, we focused on the sheer amount of spending that the U.S. government bureaucrats do in the final week of the federal government’s fiscal year. Today, we’re going to look at what they spent on the last day of the federal government’s 2013 fiscal year and on the first day of the…
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SB 768, by California state senator Kevin de Leon, would raise the tax on a pack of cigarettes from 87 cents a pack to $2. The increase, which comes on top of federal taxes, would raise the price of a pack of cigarettes to more than $8. Backers of the bill say the tax…
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On Tuesday, October 1, 2013, the U.S. federal government furloughed some 815,293 of its civilian employees from the executive branch of the government, or 18.5% of its estimated total of 4.4 million employees, which accounts for all military service members and postal service employees, along with all legislative and judicial branch employees. The reason…
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The federal Securities and Exchange Commission (SEC) proclaims that its mission “is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.” All Americans have an interest “in a growing economy that produces jobs, improves our standard of living, and protects the value of our savings.” This means that “all of…
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“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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