It seems every day there are more calls for government intervention to relieve us from the infliction and anguish caused by our current economic woes. Those who call for more government centralization and planning reason that doing so can dispel hardship and decline. Yet rarely do they consider that central …
Tax hikes helped the U.S. economy go from downturn to depression in 1932.Throughout the mid-30s there were glimmers of economic recovery until taxes were raised again in 1937, helping send the economy into another recession. So, why would it be smart to raise taxes now during such a fragile economic …
Remember the White House’s insistence that, under Obamacare, you keep your insurance plan if you like it? We didn’t believe it then. Turns out we were right. CNN reports that AT&T, Verizon, John Deere and others may well drop the health care coverage they now offer their employees. Obamacare makes …
A recent GAO report warns that GM and Chrysler may need even more taxpayer money. This comes after GM and Chrysler received the overwhelming bulk of an $81 billion auto bailout under TARP. The report finds GM and Chrysler may have unfunded liabilities for their pension programs. These obligations could …
From the start the president’s health care cost estimates were much too modest. Here’s why: First, the administration’s accountants left off the books nearly a quarter-trillion dollars in what’s called the “Doc Fix”. Originally, the formula was designed to prevent total Medicare physician spending from growing faster than the Medicare …
Recent reports of China’s economic growth contrasted with the U.S. economic downturn have left Americans increasingly concerned that China is becoming a new superpower, controls American finances and will surpass the United States as the world’s leading power. The reality is that the fundamentals of the American economy are stronger …
Alabama has received 3 billion dollars of stimulus aid to help “save or create” jobs and cure unemployment. Yet somehow that stimulus aid isn’t helping in curing unemployment or creating new jobs, instead it’s resulting in a state unemployment rate that’s higher than the national unemployment rate of 10.2 percent. …
According to AMA’s National Health Insurance Report Card, Medicare denies 6.85 percent of its claims, higher than any private insurer (Aetna was second, denying 6.80 percent of its claims), and more than double any private insurer’s average. What’s fascinating is that The American Medical Association (AMA) has endorsed a public option, …
Sens. Tom Coburn (R-OK) and John Barrasso (R-WY) talk about the Medicare cuts used to fund Obamacare in the latest Senate Doctor’s Show: [youtube]http://www.youtube.com/watch?v=uHB6xDkQVKE#t=7m32s[/youtube] President Obama has claimed that he will fund his new plan in part by preventing waste through Medicare. Cutting waste out of the system would be good …
