But hang on. I thought the Social Security checks came out of the famous “Social Security trust fund,” whose “trustees” assure us there’s currently $2.6 trillion in there. Which should be enough for the August 3rd check run, shouldn’t it? Golly, to listen to the president, you’d almost get the impression that, by the time you saw the padlock off... Read more
Archive for the ‘Economics’ Category
The Scourge of the Faith-Based Paper Dollar
July 16 | Posted by mrossol | American Thought, EconomicsThe Weekend Interview with James Grant: The Scourge of the Faith-Based Paper Dollar – WSJ.com. Kind of guy I like. Sticks to his position, not to where the political winds are blowing. =============== By HOLMAN W. JENKINS, JR. Jim Grant’s father pursued a varied career, including studying the timpani. He even played for a while with the Pittsburgh Symphony. But the day came when... Read more
Obama Owns the Debt-Ceiling Fiasco
July 15 | Posted by mrossol | Debt, Economics, ObamaBy KARL ROVE President Barack Obama and Congress face a mess if the federal government hits the debt ceiling Aug. 2. The Bipartisan Policy Center, a Washington think tank, projects that the government will receive $172 billion in revenues between Aug. 3 and Aug. 31, but it is on the hook to spend $306 billion, leaving a shortfall of $134 billion. On... Read more
Obama Jobs
July 15 | Posted by mrossol | Debt, Economics, ObamaResearcher Jeffrey Anderson writing at the weeklystandard.com, July 3: When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did... Read more
Why Medicare Patients See the Doctor Too Much
July 15 | Posted by mrossol | Economics, Health, ObamaCareBy MERRILL MATTHEWS AND MARK LITOW Almost all discussions about Medicare reform ignore one key factor: Medicare utilization is roughly 50% higher than private health-insurance utilization, even after adjusting for age and medical conditions. In other words, given two patients with similar health-care needs—one a Medicare beneficiary over age 65, the other an individual under... Read more
Revenues Increase without a Tax Increase!
July 15 | Posted by mrossol | Debt, EconomicsReview & Outlook: California’s Millionaire Windfall – WSJ.com. Well, what do you know.
...
Read more
