May 2011 Blog Posts (11)

Mediscare: The Surprising Truth

The Obama administration has repeatedly claimed that the health reform bill it passed last year improved Medicare's finances.  This claim is true only because ObamaCare explicitly commits to cutting health care spending for the elderly and the disabled in future years, say Thomas R. Saving, a senior fellow, and John C. Goodman, president, at the National Center for Policy Analysis.

Almost no one familiar with the numbers thinks that the planned…

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When trying to justify public sector defined benefit pensions, labor unions almost always cite the average pension. This number generally makes it seem like the payouts are reasonable, or even low. However, the average pension is in no way an accurate representation of the amount of money received by career employees, because it takes into account ALL retirees, not just those retiring today, and includes people who only worked for a few years.

If you look at the California Public…

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When Is the Best Time to Hold a Fiscal Crisis? When is the best time to hold a fiscal crisis?  The obvious answer might seem to be: never.  But if that is what lies in the future for the United States, is it better to face that future sooner or later?  For the country as a whole, there are a number of reasons to prefer sooner, says Philip I. Levy, a resident scholar with the American Enterprise Institute.

First, the longer fiscal adjustment is postponed, the greater and more painful the…

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 http://www.freep.com/article/20110522/OPINION01/105220443

The American Recovery and Reinvestment Act Destroyed Private-Sector Jobs In a new study, Timothy Conley, an economist at the University of Western Ontario, and Bill Dupor, an economist at the Ohio State University, use variation across states to estimate the number of jobs created or saved as a result of the spending component of the American Recovery and Reinvestment Act (ARRA).  The key sources of identification are ARRA highway funding and the intensity of state sales tax usage.… Continue

IMPORTANT!...Please read and share!

This article is an eye opener...  Sadly, worth reading. 

http://pajamasmedia.com/zombie/2011/05/06/seiu-drops-mask-goes-full-commie/

Sunset Fannie and Freddie Before They Take America Down With Them Posted by Dr. Rich Swier on May 8, 2011 at 10:00am

•  The Wall Street Journal column by Nick Timiraos titled, "Fannie Mae Falls Back Into The Loss Column" is a serious wakeup call to every taxpayer in America. Nick points out that, " Fannie…

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WATCH THIS ONE

Control Spending Before Raising the Debt Limit Congress must accomplish three things to put the United States on a path to financial responsibility, says David Addington, vice president for domestic and economic policy at the Heritage Foundation.

Cut current spending.

• In making cuts in current spending, Congress should emphasize cuts in continuing programs.
• This is because, given the budget practices of government that look to existing budgets as a baseline for…

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Big Financial Firms Still Rule Tuesday, May 3, 2011. 9:25 a.m Once again the major financial firms created a devastating financial crisis and meltdown that harmed the country, and once again investigations were held but no one was punished, and once again regulations were promised that would prevent it from ever happening again.

And once again those regulations were watered down.

And as I predicted two years ago would happen, once again after the stock market has recovered and…

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