Tea Party Patriots of W Oakland's Blog – July 2011 Archive (9)

Politicians wringing their hands over how to create more jobs might study the shale boom along the New York and Pennsylvania border.  It's a case study in one state embracing economic opportunity, while the other has let environmental politics trump development, says the Wall Street Journal.

The Marcellus shale formation offers one of the biggest natural gas opportunities.  Former Pennsylvania Governor Ed Rendell recognized that potential and set up a regulatory framework to encourage…

When Jean Chretien became prime minister in 1993, Canada faced a fiscal and economic breakdown. The government's share of the economy had climbed to 53 percent in 1992, from 28 percent in 1960. The new administration slashed spending.  Unemployment benefits were cut by nearly 40 percent. The ratio of spending cuts to tax increases was nearly 7-to-1.  Federal employment was reduced by 14 percent.  Canada's national railway and air-traffic-control system were privatized.  The economy…

http://www.dennisprager.com/columns.aspx?g=1e3d60a0-3a77-443c-b0f2-6e270e07dca6&url=ten_ways_progressive_policies_harm_societys_moral_character

"Obama Care Explained"

Let me get this straight . . .

We're going to be "gifted" with a health care

plan we are forced to purchase and

fined if we don't,

Which purportedly covers at least

ten million more people,

without adding a single new doctor,

but provides for 16,000 new IRS agents,

written by a committee whose chairman

says he doesn't understand it,

passed by a Congress that didn't read it but

exempted themselves from it,…

 The federal government's deficit usually rises during recessions, and the depth of the last recession contributed to the red ink.  However, the rise in the deficit this time was extraordinary.  Why did the federal deficit increase so much more during and after this recession than during and after previous recessions?

A new paper from the Institute for Research on the Economics of Taxation (IRET) examines the 10 U.S.…

How Effective Was the 2009 Stimulus Program?

The stimulus -- the so-called American Recovery and Reinvestment Act of 2009 or ARRA -- is starting to wind down.  What are the results?  Depends on whom you ask, of course, says Nick Schulz, the Dewitt Wallace fellow at the American Enterprise Institute.

But the debate over whether the stimulus worked or didn't is too abstract to be of much help.  It's a better use of time to look at some specific stimulus programs and projects…

About 5 percent of the population is responsible for almost half of all health care spending in the United States and for rising premium rates, according to a new report from the National Institute for Health Care Management Foundation, says the National Journal.

• The report stated about half of the U.S. population accounted for only 3.1 percent of all expenditures.
• But 10 percent of the population hogged 63.6 percent of all health spending, the survey…