Tag: "ObamaCare"

Three Reasons Donald Trump Won

Donald Trump’s stunning victory last night left media and political pundits shocked and in some cases, horrified.  But for anybody who has not benefited from the post-2008 economic recovery (and there are still many), this upset came as no surprise.  Here are three factors I believe that the media and pundits underestimated. Despite an economic “recovery,” […]

What’s Up in Washington This Week?

Congress is still in recess. All eyes are on the election in less than two weeks — and the next several days are certain to be active (especially if you live in a battleground state)!  The Democratic candidate has $172 million to spend, while the GOP candidate only has $73 million, so look for a […]

“The Planet Began to Heal”…and Other Updates from D.C.

Here’s a summary of the quiet week in Washington from NCPA’s legislative director Brian Williams: President Obama reduced the sentences of 102 inmates, mostly drug dealers, bringing the total number of presidential clemencies up to 774 during the Obama presidency. President Obama praised the Paris climate deal this week, which takes effect in November in […]

Washington Update: A Review of 2015 and a Preview of 2016

At the beginning of 2015, for the first time in a decade, Republicans took control of both chambers of Congress. For the past several years, Sen. Harry Reid and the Democratic majority in the Senate had essentially blocked all substantive legislative activity, including basic Congressional necessities like passing a federal budget.   When Sen. Mitch McConnell […]

The Camp Tax Reform Plan Is a Good Start With a Few Caveats

Rep. Dave Camp (R-MI) unveiled a plan today (executive summary here) to simplify the tax code and reduce income tax rates, from the current seven rates to just two rates:  10 percent and 25 percent.   It also groups personal family exemptions into three categories instead of the usual six:  a larger standard deduction, a larger […]

The Fast Food Industry Takes an Unfair Beating…Yet Again

The University of California – Berkeley released a study implicating the fast food industry for variety of sins, mainly, not paying high enough wages generic levitra to its employees and not providing benefits.  This is not terribly surprising since there is a push by labor groups to unionize fast food employees and pay them above-market […]

Worse than I Imagined (Part II): Medicare

When I retired, Medicare became my primary health insurance, fully covered by American taxpayers (and federal debt-holders), while Anthem/Blue Cross became my secondary health insurance, fully covered by the University of California.  I will never have to spend a nickel of my Social Security benefits or inflation-adjusted defined retirement income on my health insurance. But […]

Scaring Seniors, Revisited

Rep. Paul Ryan (R-Wis.) released his proposed 2013 budget yesterday and before the ink was dry, the left was attacking it like vultures on a carcass. Ryan was being portrayed as the bogeyman of seniors’ concerns about Medicare. As part of his effort to control an out-of-control bureaucracy, his plan includes: Increasing the Medicare eligibility […]

The CLASS Act Loses its Class

Let’s hear it for a little math and a lot of common sense. The Community Living Assistance Support and Stability Act (CLASS) program, part of the health care reform law that would essentially create a government-run long term care insurance program, has gone kaput before it even got started. A news article title calls it […]

Unrealistic Medicare Projections are No Joke

New on the blog!  A corny economics joke: “How many economists does it take to change a light bulb?”  Answer:  “One, if you assume a ladder.” If you fail to see the humor, this joke reflects the sometimes dubious assumptions in economic theory when making predictions and forecasts.  The latest example is the just-released Medicare […]