Contrary to Barack Obama’s promise, Obamacare deprived millions of Americans of the health plans they liked and wanted to keep. To get the health plan the federal government wants them to have, Obamacare steered these people to HealthCare.gov, a dysfunctional, insecure website also inscrutable to Spanish speakers because it was written in Spanglish. The…
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Obamacare does not fall short in ways to abuse Americans. It inflicts on them a grotesque federal plan based on paternalism and lies. Obamacare takes away from millions of Americans the health plans they chose, liked and wanted to keep. Obamacare subjects Americans to a dysfunctional and insecure website, built by crony incompetent contractors…
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When something as big as Medicare makes decisions the consequences involve more than health care. For example, in April the Centers for Medicare and Medicaid Services (CMS) made a decision to increase funding to the private-sector Medicare Advantage program by $8 billion. That decision was worth billions to private health insurers, and as the…
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The Wall Street Journal reports in “A New Spending Record: Washington had its best year ever in fiscal 2011″ that: Maybe it’s a sign of the tumultuous times, but the federal government recently wrapped up its biggest spending year, and its second biggest annual budget deficit, and almost nobody noticed. Is it rude to…
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Gary Becker, University of Chicago Nobel Laureate in economics, has a must read article in today’s Wall Street Journal. The article echos much of what we here at MGC have been arguing – government failure as a cause of the recession, failure of stimulus and monetary policy to boost economic recovery, the necessity of…
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What do you think is taller: the Empire State Building or cube of $114 trillion dollars??? Check it out here! The 114.5 Trillion dollar super-skyscraper is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, social security, military and civil servant pensions….
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Despite not having taken any action to pass an annual budget for the United States government of any kind for almost two and a quarter years, it appears that the current majority Democratic Party in the Senate may finally have developed a blueprint for the federal budget, one that even promises to reduce the…
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One of the common refrains we hear from people who want to focus on “fixing” the budget deficit by increasing federal tax revenues is that U.S. corporations pay less in income taxes than what businesses in other nations pay. But in focusing on just U.S. corporate income taxes, these people are ignoring a huge…
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The Washington Post‘s Michael Gerson reports on the progress of budget cutting talks currently ongoing in Washington, D.C,. in his opinion column: For the first time, Senate Republicans describe to me the outlines of a possible deal: a package of immediate and specific budget cuts; budget caps reaching out five years to reassure conservatives…
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In the Washington Post, Lori Montgomery and Paul Kane report that with strong public support and White House opposition, the “House rejects proposal to raise debt ceiling” by voting down a measure that would raise the national debt ceiling by 16.8% from the current $14.3 trillion to a whopping $16.7 trillion. With an August…
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