Tax Politics
The Politics of Taxes
Obamacare rate hikes Nov 2016
Obamacare futures continue to worsen in recent weeks. A couple of weeks ago, UnitedHealth Group chose to exit the majority of Obamacare exchanges because it expects roughly 2/3 billion in losses. Next, Aetna announced that it might break even this year, but called for...
Lowest Business Investment since the recession
Marketwatch is reporting dismal numbers related to economic growth in the first three months of 2016; expansion is "the slowest pace in two years as business slashed investment by the steepest amount since the Great Recession." GDP growth was significantly reduced as...
Obamcare Insurers Warn About Unsustainable Losses
The Hill has an interesting article about Obamacare, premium costs, and insurance companies. Insurers have been losing money as a result of the Obamacare set-up, and many are facing increased financial security. From the article: Insurers say they are losing money on...
GAO Audit Describes Historic Debt
A short but informative article by the Washington Free Beacon describes how the Government Accountability Office (GAO) has calculated that within a few years, the federal government will owe more money that the sum of what is produced by the economy. That, my friends,...
US Pension System Woes
The Financial Times reviewed data recently that suggested that the US public pension system is in dire straits; the funding shortage is likely 3 times as large as what is being reported. The estimated deficit is $3.4 trillion. The solutions for the funding shortfalls...
Fix the Debt and Federal Spending
The Fix the Debt Campaign Steering Committee is a bipartisan group of prominent leaders and experts, including luminaries such as Erskine Bowles and Alan Simpson, the co-chairs of the White House Fiscal Commission. The Fix the Debt group put together some decent...