Since progressives want government to run health care, let’s look at what government management did to K-12 education. While most every other service in life has gotten better and cheaper, American education remains stagnant.
Spending has tripled! Why no improvement? Because K-12 education is a virtual government monopoly — and monopolies don’t improve.
“What I don’t like is the harassment going on for people to be an ‘EFO’ – an educator for Obama,” said Maureen van Wagner, a special education teacher from Anchorage, Alaska.
In interviews with The Associated Press, roughly a dozen teachers who identified themselves as Republicans said they felt pressure from union leaders and the rank-and-file to support Obama’s re-election – and felt marginalized when they wouldn’t. Some interviewed said they were so worried about retribution from their colleagues that they wouldn’t provide their names for publication.
According to the Government Accountability Office (GAO), “little is known” about whether nearly three dozen federal jobs programs for the disabled are actually helping people find work, including programs designed to help disabled veterans.
That is a must read, if you want to understand how insane (my opinion) some economists are… and not only economists are that insane….
Don’t Indulge. Be Happy…. – Here it comes – in future America the “Department of Happy” (abbreviation D’OH, because we already have DOH -“Department of Health”) will tell every each of us when we are happy…
Why, then, do so many of us bother to work so hard long after we have reached an income level sufficient to make most of us happy? One reason is that our ideas about the relationship between money and happiness are misguided. In research we conducted with a national sample of Americans, people thought that their life satisfaction would double if they made $55,000 instead of $25,000: more than twice as much money, twice as much happiness. But our data showed that people who earned $55,000 were just 9 percent more satisfied than those making $25,000. Nine percent beats zero percent, but it’s still kind of a letdown when you were expecting a 100 percent return.
Barack Obama has an accountability problem. It’s not simply that during the 2008 campaign he made extravagant promises to heal the planet, slow the rise of the oceans, end political divisions in America, and usher in an era of hope and change. It’s that as a candidate and in the early days of his presidency, Obama and his top aides made a series of very specific promises on a range of issues.
As a candidate, Obama promised to create five million new energy jobs alone, claimed that by the end of his first term his health care plan would “bring down premiums by $2,500 for the typical family,” and guaranteed that his financial rescue plan would help “stop foreclosures.” As president-elect, Obama informed us that he had asked two of his top economic advisers, Christina Romer and Jared Bernstein, to conduct a “rigorous analysis” of his economic recovery plan. The report that he released predicted unemployment would not rise above 8 percent if the stimulus plan was passed. And in the first year of his presidency, Obama pledged to “cut the deficit we inherited in half by the end of my first term in office,” “lift two million Americans from poverty,” and “jolt our economy back to life.”
Another MF Global incident may be looming in the horizon. A small futures brokerage is freezing client funds after its owner attempted suicide, according to a press release on the brokerage’s website. PFGBest, a Cedar Rapids, Iowa-based broker with about $400 million in client-segregated funds at the end of April, moved customer accounts into liquidation status while the company investigates “accounting irregularities.”
“I am disappointed at the situation in China,” he said. “This is unfair.”
Today’s state companies and their relationship to the private sector have changed drastically from the era of central planning.
Beijing cut back state industry in the late 1990s, wiping out tens of millions of jobs. Then a new generation of leaders began in 2005 to build up elite companies such as oil giant PetroChina Ltd., phone carrier China Mobile Ltd. (CHL) (CHL) and Bank of China Ltd. to control industries deemed strategic.
State companies benefit from monopolies, low-cost bank loans, free land and other favors. Instead of competing with private companies, state firms extract money from them by controlling access to oil, electric power, phone service and other essential resources.
U.S. Transportation Secretary Ray LaHood argued Saturday that China outpaces the United States in building major transportation infrastructure like high-speed rail because of its authoritarian system and because the Chinese don’t have the Republican Party holding up progress.
“The Chinese are more successful [in building infrastructure] because in their country, only three people make the decision. In our country, 3,000 people do, 3 million,” LaHood said in a short interview with The Cable on the sidelines of the 2012 Aspen Ideas Festival on June 30. “In a country where only three people make the decision, they can decide where to put their rail line, get the money, and do it. We don’t do it that way in America.”
LaHood said that despite this, democracy is still preferable. “We have the best system of government anywhere on the planet. It is the best. Because the people have their say,” he said.
Transportation Secretary Ray LaHood has credited the Obama administration’s work on fuel standards for having “jump started” the development of Lexus hybrids, even though the company debuted its SUV hybrid in 2004.
Corruption has plagued the nation’s out-of-control jobless benefits program for some time and the problem has only gotten worse under the Obama Administration. As far back as 2010, there were reports of unemployment checks going out to illegal immigrants in at least one state as well as other unqualified legal residents and citizens.
Earlier this year a mainstream newspaper reported the unbelievable story of a convicted murderer who for years collected unemployment benefits from jail. In all, the felon, a gangbanger, raked in more than $30,000 in unemployment benefits from 2008 to 2010 while incarcerated in California. When his contacts cashed the $1,600 monthly checks they would deposit a portion into his jail account and he would share some of the money with his fellow jailed gang members.
Bill Dunkelberg, chief economist for the National Federation of Independent Businesses, a group that lobbies against increasing the minimum wage, says that every dollar an employee gets comes out of somebody’s pocket. He says it’s not logical that raising the minimum wage will add more spending money to the economy.
“It’s not the job of businesses to turn themselves into social service providers and pay in excess of value to the firm,” Dunkelberg says. “We do have something called the earned income tax credit, where we provide supplemental income to people who are working but need more money.”
Last summer, I sought help at St George’s A&E one Saturday after my skin broke out in angry blisters. After a four-hour wait, a female doctor looked at my weeping skin and said: ‘Dermatology is not an emergency at weekends.’
As I begged her to help, she barked: ‘You seem very agitated. I think you need to see a psychiatrist.’
I walked out and went to a private hospital where, for £100, a doctor diagnosed a nasty form of eczema and put me on steroids.
I vowed then never to go back to St George’s. But when I collapsed in agony one Sunday night in May, my boyfriend had little choice but to call 999…..
Dr Gillian Craig, a retired geriatrician and former vice-chairman of the Medical Ethics Alliance, is one of the six signatories to The Daily Telegraph letter.
“If you are cynical about it, as I am, you can see it as a cost-cutting measure, if you don’t want your beds to be filled with old people,” she said. She advised that those who did not want to be put on the pathway should carry cards made by Dr Rosalind Bearcroft, a consultant psychiatrist from Kent, and another signatory.
Eighty-three percent of American physicians have considered leaving their practices over President Barack Obama’s health care reform law, according to a survey released by the Doctor Patient Medical Association.
The DPMA, a non-partisan association of doctors and patients, surveyed a random selection of 699 doctors nationwide. The survey found that the majority have thought about bailing out of their careers over the legislation, which was upheld last month by the Supreme Court.
Even if doctors do not quit their jobs over the ruling, America will face a shortage of at least 90,000 doctors by 2020. The new health care law increases demand for physicians by expanding insurance coverage. This change will exacerbate the current shortage as more Americans live past 65.
By 2025 the shortage will balloon to over 130,000, Len Marquez, the director of government relations at the American Association of Medical Colleges, told The Daily Caller.
The Supreme Court’s decision to uphold most of President Barack Obama’s health care law will come home to roost for most taxpayers in about 2 1/2 years, when they’ll have to start providing proof on their tax returns that they have health insurance.
That scenario puts the Internal Revenue Service at the center of the debate, renewing questions about whether the agency is capable of policing the health care decisions of millions of people in the United States while also collecting the taxes needed to run the federal government.
“Because of the strong protections we put in place for taxpayers, the department has already protected more than 80% of the original loan amount,” Energy Department spokesman Damien LaVera wrote in a blog post Thursday, noting that Abound had drawn down less than $70 million of the loan guarantee. “Once the bankruptcy liquidation is complete, the Department expects the total loss to the taxpayer to be between 10 and 15 percent of the original loan amount.”
So that’s the good news?
The American taxpayers are going to lose “only” $40-$60 million dollars?
Where are those “free” money coming from?
How many families had to work to give you those millions, that you are claiming are well spend?
The average family (two parents, two kids) in 2006 paid 30% tax on their income. That is from each dollar they earn, they owed the government 30 cents.
They protected us? Instead of losing very large sum of money we lost large sum of money
You are no better than the banksters who are risking and playing with the others people money
Today we all became dependent on the federal government to tell us what we can or cannot do
Today the supreme court of the USA reaffirmed that the government has a claim over you and your life as an individual
Today they ruled that it is perfectly fine, if the government tells you that you must buy something from a private or government entity and if you refuse for whatever reason, the government can penalize you
Today they told us, that we are too stupid to make decisions for ourselves and the government is better at decision making for millions and millions of people no mater what the individuals circumstances may be…
Today the dictator in the White House will celebrate, because another idea of his Utopian plan for America was reaffirmed by the SCOTUS
Today should be a wake up call for the people who care for their children
Today should be the day to call your friends and family and explain to them, how did they lost their freedoms to the big government
Today should be the day to urge them to vote Obama out in November
If we do not do that this coming November, next year I will greet you with another “Happy” Dependence day!
That is, if there will still be USA and a first amendment allowing me to post my opinions on the internet…..
Recession-plagued states diverted scarce money away from pensions to pay for more immediate concerns, leaving a $757 billion hole in the retirement fundscovering millions of public employees, according to a study released Monday.
What does sparkly styling spray for dogs have to do with the 2012 farm bill?
It’s among the thousands of products U.S. taxpayers are subsidizing through little-known programs that have been embedded in the farm legislation for decades and that lawmakers are now fighting to extinguish.
It’s not that the emperor has no clothes, it’s that the taxpayers are paying for the emperor’s Armani suit. This is the case with the current legislative action with the farm bill.
Let’s start with the name of the legislation: the “farm bill.” How many people outside of Washington, D.C. realize that 73 percent of the spending in the $969 billion “farm bill” is actually for food stamps? The “food stamp president” does. That’s why the White House says it is “critical” to pass the farm bill.
Thanks to questions from South Carolina Republican Sen. Jim DeMint, and others, who shifted the subject to big-picture topics and flawed government policies such as the Dodd-Frank financial “reform,” the hearing is actually a model for Tuesday’s event and for future economic hearings.
DeMint ignited the wrath of the liberal punditocracy by daring to compare the recently reported $2 billion trading loss at Dimon’s otherwise profitable firm to the billions – or trillions – that Congress squanders all the time.
Megan Silsby earned a biology degree last month from Virginia Tech, and she considers herself a full-time worker even though she hasn’t landed a job in this rough economy.
Every day at 8 a.m., Silsby, 22, heads to a basement office in her parents’ home in Chantilly, Va. All day, she searches the Internet for openings, applies for jobs, follows up with phone calls. She has applied for more than 80 jobs, with no luck so far.
Sherry Hunt never expected to be a senior manager at a Wall Street bank. She was a country girl, raised in rural Michigan by a dad who taught her to fish and a mom who showed her how to find wild mushrooms. She listened to Marty Robbins and Buck Owens on the radio and came to believe that God has a bigger plan, that everything happens for a reason.
She got married at 16 and didn’t go to college. After she had her first child at 17, she needed a job. A friend helped her find one in 1975, processing home loans at a small bank in Alaska. Over the next 30 years, Hunt moved up the ladder to mortgage-banking positions in Indiana, Minnesota and Missouri, Bloomberg Markets magazine reports in its July issue.
One in six 16- to 24-year-olds last year was idle, neither working nor attending school even for just an hour a week, according to an analysis of Labor Department data by Lawrence Katz, a Harvard economics professor. Among 20- to 24-year-old men, almost one in five was idle last year.
Fewer than three in 10 American teenagers now hold jobs such as running cash registers, mowing lawns or busing restaurant tables from June to August. The decline has been particularly sharp since 2000, with employment for 16- to 19-year-olds falling to the lowest level since World War II.
And teen employment may never return to pre-recession levels, suggests a projection by the U.S. Bureau of Labor Statistics.
Older workers, immigrants and debt-laden college graduates are taking away lower-skill work as they struggle to find their own jobs in the weak economy.
Warren Buffett calls the costs of public-sector retirees a “time bomb.” They are the single biggest threat to the U.S.’s fiscal health. If the U.S. is going to face a Greek-style crisis, it will not be at the federal level but rather with state and local governments. The numbers are staggering. In California, total pension liabilities–the money the state is legally required to pay its public-sector retirees–are 30 times its annual budget deficit. Annual pension costs rose by 2,000% from 1999 to 2009. In Illinois, they are already 15% of general revenue and growing. Ohio’s pension liabilities are now 35% of the state’s entire GDP.
Why has this happened? It’s democracy at its worst. Public-sector unions, powerful forces in states and localities, ask for regular pay increases. Governors and mayors can dole out only so much in salary hikes because of requirements for balanced budgets or other constraints. So instead, they hand out generous increases to pension benefits, since those costs will hit the budget many years later, when current officials are themselves comfortably in retirement.
Worrisome as that gamble was — after all, the banking crisis was largely due to bad bets by banks — it is unfortunate that Congress has never called hearings on a far bigger bet, one that has had more catastrophic consequences for millions of taxpayers.
The one I’m referring to was made by California legislators on Sept. 10, 1999. They decided that investment gains would cover 100 percent of the cost of retroactive pension increases they granted that day to hundreds of thousands of state workers.
The politicians made the wrong bet — and the result has been a penalty to California’s budget that has averaged $2 billion a year ever since and that will cost the state billions more for decades to come.
On Wednesday the Department of Energy began financing solar power installation research with a $2 million award to Solar Mosaic. The solar energy research company has former Obama “green jobs” czar Van Jones listed as an advisor. It also employed Rebuild the Dream, Jones’ firm, to do its public relations work.
The DOE’s grant money will be distributed to nine companies in four states. Solar Mosaic received the most money, four times the amount of most other grants.
Seven hours after President Barack Obama announced that some illegal aliens would be allowed to stay in the United States and could be allowed to work here, Katherine Archuleta, Obama’s national campaign director, e-mailed a fundraising letter seeking donations to his re-election effort.
U.S. Customs and Border Protection, the agency charged with guarding the U.S. borders, has written a secret draft policy that would let its agents catch and release low-priority illegal immigrants rather than bring them in for processing and prosecution.
The policy, which has not been signed off on, would be the latest move by the Obama administration to set new priorities for the nation’s immigration services, and would bring CBP in line with other Homeland Security Department agencies that already use such “prosecutorial discretion.”
…..We believe that this is very just. It’s a humanitarian action. And it’s an unprecedented action in our opinion. And in this sense, Mr. President, we would like to thank you for the valor and courage that you had in implementing this action. I am sure that many, many families in the United States of America are thankful to you as well.
By any statistical measure in this exhaustive report, the Americans who have been hurt the most by the credit bust are truly in the middle in terms of age, income and wealth — the Generation Xers who came into the work force during and right after the Bush recession of 1991. It turns out that almost 55 percent of the median worth of Gen Xers has been wiped out since ’07 — and they will likely decide the election this fall.
“We’ve cut back on a lot of things we used to do,” said McKay, 62, who watched revenue at Garden City Florist sink 15 percent this year. “You can see people tightening. They were more free with their money last year.”
McKay is what retail consultants call a Henry: High Earner Not Rich Yet. This cohort has helped a gamut of retailers from Target Corp. (TGT) to Saks Inc. (SKS) get through a spotty U.S. recovery. Now, as the global economy slows, the European debt crisis grows and U.S. unemployment ticks up, Henrys are tapping the brakes after just becoming comfortable spending again, said Pam Danziger, the president of Unity Marketing.
Dark, lowering financial and economic clouds are, it seems, rolling in from every direction: the eurozone, the United States, China, and elsewhere. Indeed, the global economy in 2013 could be a very difficult environment in which to find shelter.
“It’s almost becoming extremely offensive to us,” said Twila Barnes, a Cherokee genealogist who has researched Warren’s family tree. “We’re trying to get in contact and explain why her behavior hurts us and is offensive, and she totally ignores that. Like we don’t exist.”
“She’s appropriating some history that we feel doesn’t belong to her,” Barnes said. “Minorities have experienced racism and when there’s interracial marriages, people do experience that sometimes. But people who are 1/16th of a minority probably don’t experience that and because she has no Indian ancestry … but said her parents had to elope, that’s offensive.”
Swedes are working more hours today than at any point in the last two decades, according to a new study, which found that Swedes today work nearly one hour more per week on average than they did in 2006.
According to the group’s calculations, the total number of working hours completed by Swedes aged 20 to 64 work works out to 26.2 hours per week on average, which is nearly Confederation of Swedish Enterprise an hour more compared to 2006.
“One hour per week is a big increase, especially if you consider the increase took place during a turbulent period which included a financial crisis and a global slowdown,”
However, union representatives fear the increase in working hours is simply a result of people who are already overworked working even more.
The U.S. has never before had a President who thinks so little of the American people that he imagines he can win re-election running on the opposite of reality. But that is the reality of President Obama today.
Waving a planted press commentary, Obama recently claimed on the campaign stump, “federal spending since I took office has risen at the slowest pace of any President in almost 60 years.”
A delegation from Syrian opposition is reportedly in talks with US officials over the targets they want to attack to weaken the Syrian government and the arms they want America to provide to do it. A “Libya lite” operation in Syria may be imminent.
The unnamed US official reportedly said that “the intervention will happen. It is not a question of ‘if’ but ‘when’.”