When it comes to retirement and pension benefits, federal, state, and local government officials have all been humming the same mantra: never pay for something today if you can put off paying for it until tomorrow. Unfortunately, tomorrow is here. The federal government is on the hook for $41 trillion …
MINNEAPOLIS – Economic advisers from both Barack Obama and John McCain’s campaigns squared off in a panel on tax policy this afternoon, and the consensus among the non-partisan members of the panel was that no matter who wins, Americans should not expect any major changes in tax policy. After both …
DENVER — The air of excitement among progressive activists really is palpable here at the Democratic National Convention. Their supreme confidence that they will win the White House has been shaken a little, but they still believe Barack Obama will prevail and they are certain they will strengthen their majorities …
As we’ve documented before, one of the left’s favorite arguments when pushing for single-payer health care is that, Medicare (a single-payer system) spends a lot less on administrative costs than private insurance does. And it is true: Medicare does spend a lot less on oversight of their many payments. But …
Kudos to the Milwaukee Journal Sentinel. Last month the paper asked each member of Wisconsin’s congressional delegation to explain how he or she would solve the long-term Social Security and Medicare funding shortfall. Their responses claimed two and a half pages of editorial space in the July 13 issue. It’s …
Yesterday the White House updated its budget estimates by releasing the annual “Midsession Review.” Media reports have focused on the projected budget deficits of $389 billion this year and $482 billion in 2009. As always, larger truths have been left out: Reports calling next year’s projected budget deficit of $482 …
Earlier this month, Anheuser-Busch was bought by the Belgian brewer InBev for $50.3 billion. As symbolic as the purchase was for American beer drinkers, the deal will have an even bigger impact on Belgium’s economy. A gross domestic product (GDP) of $378.9 billion makes Belgium the 28th-largest economy in the world. Now …
