As President Obama’s recently-released budget for 2011 reveals, with or without a health care reform bill, Medicaid stands to receive a big, taxpayer-funded bailout. Again. The 2011 Budget includes $25 billion in additional funding for state Medicaid programs as an extension of the bailout that was included in the 2009 …
Within a span of just a few hours this week, three seemingly unrelated events all, by happenstance, made headlines in America: the one-year anniversary of President Obama’s inauguration, a historically earthshaking election in Massachusetts, and the release of The Heritage Foundation’s Index of Economic Freedom. But perhaps there are no …
If President Barack Obama’s New Year’s resolution was for the federal government to stop taking majority ownership in private corporations, he’s off to a bad start (or he decided to get one more in before 2010). Yesterday, the government indicated it will provide $3.8 billion in additional aid to GMAC …
Remember the auto bailout? It’s not in the front pages anymore, but last week the Congressional Oversight Panel — a body created by statute to oversee TARP spending — issued a comprehensive and critical report on Washington’s foray into Detroit. The headline news, reported in most major media: the money …
The federal government’s bailout parade wasn’t enough to save California this week. In a move that drew praise from some conservative quarters, President Obama refused to send federal aid to the Golden State. California had asked the Treasury Department to help with its $24 billion deficit. But rather than open …
