Showing posts with label unfunded liabilities. Show all posts
Showing posts with label unfunded liabilities. Show all posts

October 25, 2017


Britain says no the term "pregnant woman" as it excludes transgender people

from FoxNews: For those suffering from gender dysphoria, it is apparently considered unkind to suggest a womb is necessary
in order to be pregnant.
Political Correctness and Other Nitwittery

California's six-figure pension club has 62,000 members

from Reason: And seven retirees in Los Angeles pulled down more than $1 million each in retirement benefits last year. "Public service" has its privileges.
Economic Policy: Statism vs. The Free Market

Lies and manipulation: The sorry state of global climate alarmism

from WattsUpWithThat?: While practitioners of environmental religion fret about one-tenth of one degree, India has real concerns: food and water.
Politics and Other Official Acts of Corruption

Europe: journalists against free speech

from GatestoneInstitute: Gone is all pretense that journalism is about reporting the facts.
Media Bias on Parade

Sens. Rand Paul and Ron Wyden unveil privacy-protecting surveillance reform bill

from Reason: Two senators fight back against the surveillance society and the police state to protect individual from their government.
Government is Watching Every Move You Make

Don’t call the cops if you’re autistic, deaf, mentally ill, disabled or old

from Rutherford Institute: Sometimes it’s dangerous enough calling the cops when you’re not contending with a disability. Unfortunately, the risks just skyrocket when a disability is involved.
Police State America

Steven Greenhut: California's Deep Debt Problems

The bureaucratic pension burden. For those who wonder about the practical importance of transparency, I offer as evidence the latest result of a modest rule change in California from a mind-numbingly named organization—the Governmental Accounting Standards Board, or GASB (pronounced Gaz-bee). The group's stated goal is to promote  ... MORE

The Congressional Budget Office Foresees A $30 Trillion Debt As A Result Of Looming Tax Hikes And Obamacare

by Stephen Dinan.     The federal government will be flirting with $30 trillion in debt within a decade, the Congressional Budget Office reported Monday, blaming an aging population, new spending and tax cuts approved on Capitol Hill, and the growing burden from Obamacare for erasing the progress Washington had made over the past few years.     ... MORE

Veronique de Rugy: States Must Confront Pension Costs

State-Based Accounting 101: ranking fiscal condition.   One of the most boring classes I took in college was on accounting. Over the years, however, I've come to understand the importance of proper and transparent accounting. As the disastrous examples of Greece, Puerto Rico, Detroit, and Chicago demonstrate, dodging long-term   ... MORE

The Humanitarian Shortcomings of the Affordable Care Act

by Sheldon Richman.      Web problems can be fixed. The problems inherent in the so-called Patient Protection and Affordable Care Act (ACA) are another story. Let’s stipulate that most people who favor the ACA have honorable intentions: they want everyone, including people in ill health, to have access to good and affordable medical care.     ... MORE

U.S. Debt Obligations Reach $70 Trillion

by Wynton Hall.    A new study by University of California-San Diego economics professor James Hamilton finds that the United States has over $70 trillion in off-balance sheet liabilities--an amount nearly six times the on-balance-sheet debt figure. The Treasury debt outstanding is $16.74 trillion. Of that, $4.84 trillion is money the U.S. owes itself.      ... MORE

Veronique de Rugy: Yes, We Do -- Have A Debt Problem

The president tries to downplay the continuing crisis.     In mid-May, the Congressional Budget Office (CBO) revised its previous estimate of the federal government’s 2013 deficit downward by 24 percent. The fiscal year (which ends on September 30) will feature red ink of merely $642 billion, down from the $1 trillion-plus of the      ... MORE

Walter E Williams: Future Generations

Behaving like there is no tomorrow.     Is there any reason for today's Americans to care about what happens to tomorrow's Americans? After all, what have tomorrow's Americans done for today's Americans? Moreover, since tomorrow's Americans don't vote, we can dump on them with impunity. That's a vision that describes the actual behavior  ... MORE

Why $16,000,000,000,000 Only Hints At True U.S. Debt

by Chris Cox and Bill Archer.     A decade and a half ago, both of us served on President Clinton's Bipartisan Commission on Entitlement and Tax Reform, the forerunner to President Obama's recent National Commission on Fiscal Responsibility and Reform. In 1994 we predicted that, unless something was done to control runaway entitlement       ... MORE

The Unstoppable March Toward National Bankruptcy

by Mark Henderson.      The opening line of the Beatles’ iconic “Sergeant Pepper’s” album is echoing in my thought: “It was 20 years ago today…” Well, not quite to the day, but 20 years ago I published an article titled, “$4 Trillion and Counting.” In it, I despaired at the rapid increase in the national debt from its first-ever crossing of the $1 trillion  ... MORE

VIDEO: Milton Friedman - Toward Economic Sanity