By 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
Archive for the ‘Economics’ Category
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.
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Designing Your Death Dossier
July 11 | Posted by mrossol | American Thought, EconomicsDesigning Your Death Dossier/ 25 Documents Everyone Should Have Before They Die – WSJ.com. Trust me, we’re all going to need this advice. ===== By SAABIRA CHAUDHURI It isn’t enough simply to sign a bunch of papers establishing an estate plan and other end-of-life instructions. You also have to make your heirs aware of them and leave the documents where they... Read more
Review & Outlook: The Jobless Summer – WSJ.com
July 3 | Posted by mrossol | Economics, Obama, Party Politics, Socialism, The LeftReview & Outlook: The Jobless Summer – WSJ.com. Perhaps you’ve already noticed around the neighborhood, but this is a rotten summer for young Americans to find a job. The Department of Labor reported last week that a smaller share of 16-19 year-olds are working than at anytime since records began to be kept in 1948. Only 24% of teens,... Read more
