Category Archives: Uncategorized
The Senate released a proposed budget of $20.58 billion for FY 2013-2015. $5 billion of this total is allotted the Department of Health and Human Services (DHHS). Medicaid is a major factor that causes DHHS to eat up 25% of the proposed budget. Here are just a few reasons why: First, $434 million funds MedicaidContinue Reading
It happens a lot — business organizations lobby for restrictions on competition in their particular industries, always under the cover of professed concern about consumers. Cato’s Roger Pilon writes here about instances in Texas and in North Carolina where automobile sellers are trying to get government to hinder competition for their benefit.
Last week, the Wall Street Journal ran an absurd piece by one Daniel Arbess, arguing in favor of a policy of greatly increased money creation by the Fed. Today’s edition has several response letters to this “something for nothing” nonsense. Here’s my favorite: Why not just have Fed Chairman Ben Bernanke print $17 trillion andContinue Reading
The Obama regime is spending tax dollars (that is, money taken from people who produce) and using it to throw bingo games as a means of encouraging other people to sign up for Food Stamps. Read about it here. Bastiat called the system of taxing some in order to give unearned wealth on others legalContinue Reading
Health Insurance Exchanges, one of the major provisions under the Affordable Care Act, are supposed to be implemented in every state by January 1, 2014. These exchanges represent an online marketplace where insurers sell health plans that must abide by federal qualifications. These mandated qualified health plans (QHPs) force individuals to pay higher premiums forContinue Reading
In this Freeman piece, Douglas French writes about the lending done by the federal government’s Small Business Administration. There was never any need for the federal government to intervene in the lending business, but (as always) now that the government has gotten involved, it creates many unforeseen problems. One more reason to conclude that theContinue Reading