Tag: Government subsidies

New Video with Ron Paul: “Defining Liberty: The Future of Freedom” »

How can Americans overcome record government spending and debt, escalating healthcare costs, intrusive federal surveillance, endless wars, ongoing economic malaise, high unemployment, failing schools, and increasing abuses of civil and economic liberties? In this superb, new video from the recent, sold-out event sponsored by The Independent Institute and The Smith Center for Private Enterprise...
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Let’s Start a Tax Revolt with Our iPhones »

Tax Day is upon us and at the federal level we’re told that Washington spends $3.5 trillion a year. The annual federal deficit stands at $514 billion. The national debt has climbed to $17.6 trillion. All of these numbers are staggering, and that’s the problem. Few people can relate to such large numbers because...
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Joseph Stiglitz: The Price of Inequality »

Although Joseph Stiglitz has a reputation as one of the most prominent defenders of big government, I found much to agree with in his book, The Price of Inequality. It does appear to me that throughout the political spectrum, from left to right, there is a substantial consensus that government is the cause of...
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Obamacare’s Risk Corridor “Bailout” Just Got Bigger—Much Bigger »

Last Friday, the Obama administration quietly released 280 pages of rules that, among other things, increases Obamacare’s risk corridors (a.k.a. insurers’ bailout): We propose to implement an adjustment to the risk corridors formula..... Such an adjustment could increase a QHP issuer’s risk corridors ratio if administrative expenses are unexpectedly high or claims costs are...
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President Obama’s Investment Skills »

After the Obama administration bailed out General Motors by purchasing a 60.8% ownership share in the company for $49.5 billion, President Obama said, “We expect taxpayers will get back all the money my administration has invested in GM.” (I do like the way the president takes responsibility for the investment.) Now, the president’s administration...
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Zeke Speaks Out on McCain and Health Reform »

Normally, I don’t think Zeke Emanuel has much to say that is both true and interesting. But this insider’s view of the making of ObamaCare is fascinating. Apparently there were people inside the White House who wanted to adopt John McCain’s approach to health reform. We ended up with only a timid step in...
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Take the Money and Run? GAO Reports Significant Dropping Out of Government Electronic Health Records Program »

A previous blog entry noted that Veterans Affairs and the Department of Defense have utterly failed to execute a plan to develop an interoperable Electronic Health Record (EHR), despite five million beneficiaries receiving health benefits from both bureaucracies. Despite its inability to manage this for two closely related federal departments, the federal government decided...
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Intergenerational Transfers and Political Support for the Welfare State »

Supporters of the welfare state might see it as a mechanism for transferring income from rich to poor with the idea of helping those at the bottom end of the income distribution, but in the United States, the welfare state is increasingly transferring income from the young to the old, regardless of the wealth...
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Taxpayers Get Forked Again »

From the “you-can’t-make-this-stuff-up” file, California Assembly Speaker John A. Perez (D-Los Angeles) is sponsoring a bill to create an Office of Farm to Fork. AB 2413, which was introduced February 21, would create a new office within the California Department of Food and Agriculture to promote “healthy food access,” especially in “underserved” areas, and...
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Medicaid Madness in Maine: Will the Legislature Punish a Consultant for Reporting the Truth? »

So far, Maine has resisted the temptation to grab new federal Medicaid dollars dangled by Obamacare. However, due to relentless lobbying by hospitals and other interest groups that profit from taxpayers’ dollars, leaders in the legislature are threatening to interfere with executive authority by introducing a bill to cancel a contract with a consultant...
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