What Libertarians are Saying vs. What Retards Think it Means.
(Source: innernetchild)
1 year ago
May 23, 2011
reblogged via 
To pay for the changes, the legislation includes more than $400 billion in higher taxes over a decade and cuts more than $500 billion from planned payments to hospitals, nursing homes, hospices and other providers that treat Medicare patients.
—
How healthcare and the Medicaid expansion will be paid for. Higher taxes and worse hospitals, enjoy!
(From this AP article by Erica Werner.)
2 years ago
March 22, 2010
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for, another person must work for without receiving.
The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.
You cannot multiply wealth by dividing it.
— Adrian Rogers, 1931
2 years ago
July 29, 2009
Some clarity on the current health care reform proposals
From the New York Times Money & Policy page:
Under the proposals before Congress, Medicaid eligibility would be based solely on income, without regard to other factors that have historically been used to decide who qualifies.
Under the House bill, Medicaid would be expanded to cover all nonelderly people with incomes at or below 133 percent of the poverty level, or $29,300 for a family of four. The federal government would pay 100 percent of the costs for those who were newly eligible Medicaid would also cover all newborns, for up to 60 days after birth, if they did not have insurance from other sources.
The Congressional Budget Office estimates that 11 million additional people would get coverage through Medicaid under the House bill, and that it would increase federal Medicaid spending by $438 billion over 10 years. Medicaid thus accounts for a huge share of the bill’s effects: about 40 percent of the cost and 30 percent of the people who gain coverage.
2 years ago
July 19, 2009
Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run.
— Director of the Congressional Budget Office, Douglas W. Elmendorf, in the opening sentence of this long-term budget outlook blog post. (More here)
2 years ago
July 17, 2009
Unemployment has doubled to 9.5% from 4.8% in only 16 months, a rate so fast it may influence future economic behavior and outlook.
How could this happen when Washington has thrown trillions of dollars into the pot, including the famous $787 billion in stimulus spending that was supposed to yield $1.50 in growth for every dollar spent?
For a start, too much of the money went to transfer payments such as Medicaid, jobless benefits and the like that do nothing for jobs and growth. The spending that creates new jobs is new spending, particularly on infrastructure. It amounts to less than 10% of the stimulus package today.
— Mortimer Zuckerman, Chairman and Editor-in-Chief of U.S. News & World Report, in this article in today’s WSJ
2 years ago
July 14, 2009
Hey man, can you loan me $1,000,000,000,000?
(The US budget deficit has topped $1 TRILLION for the first time ever.)
2 years ago
July 14, 2009
Florida Drivers Pay More Now
From the Orlando Sentinel:
The cost of driving in Florida goes up today.
- Vehicle Registrations went up from $22.50-32.50 to $31-$44
- New license plate up to $28 from $12
- License renewal goes up to $48 from $20
- First-time car registration is up to $225 from $100
- Late drivers-license renewal is up to $15 from $1
It’s worth noting that there hasn’t been an increase in fees since 1983. Some say it’s poor management that there wasn’t a more steady increase so the jump wouldn’t be so drastic, but the politicians are trying to fix their state deficit mess now.
Also, the $1-per-pack cigarette fee goes into effect today.
Happy spending!
2 years ago
July 1, 2009
The federal budget deficit is projected to approach $1.3 trillion next year, the highest ever except for this year, when the deficit is forecast to exceed $1.8 trillion. The Treasury is borrowing 46 cents of every dollar it spends, largely from China and other foreign creditors, who are growing increasingly uneasy about the security of their investments. Unless Congress comes up with some serious cash, expanding the nation’s health-care system will only add to the problem.
— Lori Montgomery, in this Washington Post article
3 years ago
May 27, 2009
Solving Florida's budget problem...with gambling?
Here we go! As predicted by many, the Florida Senate will use gambling as a way to close the massive hole in Florida’s budget.
Some representatives mentioned in this article seem to think expanding from only slot machines to blackjack, roulette and craps is equivalent to putting new entrees on a menu or Disney adding a new ride.
Well, to me the analogy is wrong. It makes them full-fledged, Vegas-style casinos. It is a major expansion of gambling in the state, and comparing it to just another business expanding their operations is absurd.
I’ve also read articles that even prostitution is being considered by some as a way to raise the revenue needed to solve the budget deficit. I have mixed feelings on the use of an increased cigarette tax though, but I won’t get into that.
Fact is, we should take note of the lawmakers supporting this. They aren’t just making “tough decisions,” they are proposing drastic negative changes to our state to raise revenue. In the next election cycle, I will vote for people who propose real budget solutions, and not things that will slowly destroy this great state of ours.
3 years ago
March 25, 2009
Download a PDF of Obama's New Budget
PDF download of Obama’s proposed budget, titled “A New Era of Responsibility.”
3 years ago
February 26, 2009
The 2% Illusion: Why the new tax plan can't work
Great article from the WSJ that uses actual math to show how just taxing the “wealthiest 2%” of Americans simply cannot solve the proposed budget deficit.
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