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  • trillion dollar deficits

    The House Health Bill: Rolling The Dice On The Big Bang Approach to Policy

    Very soon, the House of Representatives is expected to vote on legislation ( H.R. 3962). That 1990 page bill, if enacted, will have an unprecedented impact on our economy, the federal budget, and the lives of all Americans. You can read that bill right here. Here is a crucial question: … More

    Obama's TARP Bailouts Fueling Ponzi Economy

    The Wall Street Journal reports: GMAC Financial Services Inc. and the Treasury Department are in advanced talks to prop up the lender with its third helping of taxpayer money, people familiar with the matter said. The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into … More

    What Child Labor Laws?

    A new ad on health care from Family Research Council plants tongue firmly in cheek to make a serious point: [youtube]http://www.youtube.com/watch?v=aXHSw8-YP3w[/youtube] The earliest identified use of the phrase, “there’s no such thing as a free lunch,” dates, fittingly enough, to the Depression Era. And what is true of free lunches, … More

    House Bill Raises, Not Lowers, Health Care Costs

    The Chief Actuary in the Centers for Medicare and Medicaid Services in the Obama Health and Human Services department issued a memorandum late yesterday looking at the potential impact of the House health reform legislation (H.R. 3200). As the Associated Press and other media outlets have been reporting, the study … More

    Video: The History of Health Care Cost Forecasting

    Politicians have always been great at two things (1) making promises that cannot be kept and (2) spending taxpayer money. Health care reform is no different. In fact, every health care bill proposed by Congress thus far will cost over $1 trillion dollars, expand the size of government and will … More

    Zimbabwe’s $100-Trillion Lesson for America

    Some wonder whether the stock market’s rebound to over 10,000 is a sign not of economic recovery but of inflation. Is the simultaneous rise in gold prices another symptom of dramatic inflation ahead, sparked by big government blunders? An article at Smart Money includes Jonathan Hoenig’s warning of government-caused hyperinflation. … More

    Morning Bell: Exposing the Obamacare Shell Game

    In his primetime health care address before a Joint Session of Congress, President Barack Obama promised the American people: “I will not sign a plan that adds one dime to our deficits – either now or in the future. Period.” But it is hard work adding $1 trillion in government … More

    Exchange Rates and Interest Rates Tell Confusing Story

    The dollar’s steady and sometimes fleet downward slide in exchange markets is eliciting a number of interesting explanations, but most commentators are only looking at their favorite piece of the economic puzzle. The dollar is under pressure against, well, every currency that matters. But why, and are there other financial … More

    Morning Bell: Obamacare Sends Deficits Off Cliff

    This Morning Bell is the second in a five-part week-long series (read Monday’s on out-of-pocket costs) on how Obamacare will affect you. “I will not sign a plan that adds one dime to our deficits – either now or in the future. Period.” President Barack Obama promised this to the … More

    50 Examples of Government Waste

    The Congressional Budget Office reported yesterday that the U.S. government ended its 2009 fiscal year with a deficit of $1.4 trillion, the biggest since 1945. Washington will spend $33,932 per household in 2009–$8,000 per household more than last year. Following President Barack Obama’s budget, Washington will be spending $33,000 per … More