Live Blog A Wall Street Journal editorial answers the question of how much money the Amazon Tax raised for North Carolina: $4.6 million as of January. The tax was supposed to bring in $35.9 million in FY2009-10 and FY2010-11, or roughly $12 million every six months. Before…
Live Blog Wells Fargo economist John Silvia says the US is following the road to fiscal ruin set by Greece and Portugal unless government cuts back. Silvia told CNBC that the US must recognize that the moderate economic growth forecast by most economists for the country will…
Live Blog The Economist has one of the most troubling graphs I've seen in a while. Americans are less likely than Germans, Brazilians, Chinese, and even Italians to think the free market is best. In 2002, trust was about 80% in America, but was down to 59%…
Live Blog Gov. Bev Perdue opposed the Ryan budget even before it was released. One specific area mentioned in the News & Observer was the idea of a block grant for Medicaid. This is something we have recommended more than once. A block grant would give…
Live Blog Clive Crook in this morning's Financial Times forgets how we got to this point in state and federal budgets. The federal stimulus was mostly absorbed in offsetting the automatic tightening of fiscal policy by individual states, whose borrowing is strictly constrained. … Now the federal stimulus…
Live Blog Florida and Louisiana governors led the way by returning ObamaCare implementation grants. Recently, Tea Party groups in Georgia, Montana, and South Carolina got ObamaCare exchange bills shelved. New Hampshire has joined the wave of opposition. The General Assembly needs to follow its stand against…
Live Blog Inside the 2,700 pages of health care legislation that is ObamaCare, six pages created Accountable Care Organizations (ACOs), which have been dubbed HMOs on steroids. Those six pages will explode into more than 1,000 pages of rules to clarify what antitrust means and other questions.
