Job Creation Is Price for New U.S. Health Law: Andrew Puzder – I am not an expert on health-care policy, but I do know something aboutjob creation. So when a House Oversight and Government Reform subcommittee asked me to testify about the effect on employers of the Patient Protection and Affordable Care Act, sometimes known as Obamacare, I thought I could offer some insights.
New fee coming for medical effectiveness research – Starting in 2012, the government will charge a new fee to your health insurance plan for research to find out which drugs, medical procedures, tests and treatments work best. But what will Americans do with the answers?
America is in denial about its fiscal future – We are shifting from “giveaway politics” to “takeaway politics.” Since World War II, presidents and Congresses have been in the enviable position of distributing more benefits to more people without requiring ever-steeper taxes. Now this governing formula no longer works, and politicians face the opposite: taking away — reducing benefits or raising taxes significantly — to prevent government deficits from destabilizing the economy. It is not clear that either Democrats or Republicans can navigate the change.
Start Saving or Get Ready for U.S. Decline: Laurence Kotlikoff – America has a terrible saving problem and a slumping economy. But our national mantra, underscored by last week’s payroll-tax cut, is spend, spend, spend. Yet, countries can’t spend their way to prosperity. This demand-side voodoo-economics approach is driving us further into hock. The right mantra should be save, save, save.
U.S. Government Has Spent $682,570 to Study ‘Shrimp On A Treadmill’ – Reports of $500,000 of taxpayer funds to study a project that has shrimp running on a treadmill hit the headlines early in 2011. A recent report now shows that $682,570 in grants has been awarded to the research effort.
Obama Administration Spending Millions to ‘Better Connect’ People With an Urban Park – The Obama administration is giving $20 million in taxpayer money to the State of Missouri for improvements to I-70 that will “better connect” people in St. Louis with the parkland around the base of the St. Louis Gateway Arch.
Public workers’ perk hits taxpayers – Government workers in 21 states are using an obscure perk to retire early or to boost their annual pensions by thousands of dollars, which can cost taxpayers millions more in payments to retirement funds, a USA TODAY analysis shows.
Federal workers starting at much higher pay than in past – A 30- to 34-year-old lawyer started at an average of $101,045 this year, up from $79,177 five years ago. The government hires about 2,500 lawyers a year. And a mechanical engineer, age 25 to 29, started at $63,675, up from $51,746 in 2006. The government hires about 600 mechanical engineers a year.
Behind the boost: The government is classifying more new hires — secretaries, mail clerks, chaplains, laundry workers, electrical engineers and wildlife biologists — as taking more demanding versions of their jobs and deserving more pay.
PHILLY COUNCILWOMAN WILL ‘RETIRE’ FOR ONE DAY, COLLECT A $478K PENSION, AND RETURN ON MONDAY – Another elected official set to return after collecting his DROP payment is Register of Wills Ronald Donatucci, who retired Dec. 23 and will also return on Monday, Bielli said. He collected $366,797.
Throw Out the Entire D.C. Establishment – Crony capitalism is the most serious current danger to the American community, a threat not simply to government or the economy, but to our very way of life. It is the worst such threat since the trusts and monopolies of the early 20th century, and in much the same way. Cronyism is one of the major forces behind the establishment of the corrupt pseudo-aristocracy that has been taking shape in this country over the past two decades, a synthetic privileged class made up in large part of politicians, hustlers, and hangers-on who have become expert in exploiting the rest of us.
Tweeting the word ‘drill’ could mean your Twitter account is read by U.S. government spies – The Department of Homeland Security makes fake Twitter and Facebook profiles for the specific purpose of scanning the networks for ‘sensitive’ words – and tracking people who use them.
The U.S. Government Bond Bubble (And What To Do About It) – Treasury bond prices will likely suffer a major decline in the next few years. Here are eight high-yielding stocks that are a smarter alternative for the income part of your portfolio.
The Genius of “One Percenters” Is Their Amazing Command of the Obvious – Why do most people often miss the obvious? For starters, we’re bombarded with so much information that it’s hard to think about everything. Also, there’s a tendency to ignore things that are contrary to firmly-held beliefs.
Secrets Of The Accidental Entrepreneur – The combination of luck, health, and flexibility that allows one to roll with disappointments, learn from them, move forward, and repeat when necessary.
Scientists test sick Alaska seals for radiation – Experts not sure if woes, from hair loss to bloody lesions, tied to Fukushima nuclear plant (Uh-huh, where do they think those millions of tons of radioactive water from Fukushima, that were dumped into the ocean go? See the google images for the ocean currents)
- Every day, the U.S. government takes in $6 billion and spends $10 billion. This means that every day the federal government spends $4 billion more dollars than it has.
- The real unemployment rate is a jaw-dropping 11 percent.
- Every fifth man you pass on your way to work is now out of work.
- College graduates are now 34% less likely to find a job under Obama than they were under President George W. Bush.
- Every seventh person you pass on the sidewalk now relies on food stamps.
- The ravages of the Obama economy now mean that more Americans live under the federal poverty line than at any time in U.S. history since records have been kept.
- Under President Barack Obama, every fifth child in America now lives in poverty.