Click to see the beacon journal online
Homes   Jobs   Cars   Shopping
All Da King's Men -- Community Blog

From the category archives:

entitlements

Headed For Disaster

November 21, 2009

A recent report by the Government Accounting Office (GAO) describes America's long term fiscal outlook:
Weaknesses in the economy and financial markets—and the government’s response to them—have contributed to near-term increases in federal deficits, which reached a record level in fiscal year 2009. While a lot of attention has been given to the recent fiscal [...]

Read the full article →

Passing The Buck

August 24, 2009

Do you believe our federal government is competent ? Do you think it's doing a good job of solving our problems ? Are we getting our money's worth ? Let's run through a checklist.
The government declared a war on poverty about 45 years ago. How'd that work out ? We may not have an exit [...]

Read the full article →

Happy Cost Of Government Day !

August 12, 2009

Americans for Tax Reform (ATR) computed the day of the year when all the costs of government at all levels are paid for. ATR calls it Cost Of Government Day. This year, that day fell on August 12, 2009. It has taken from January 1st until now to pay for all the costs of federal, [...]

Read the full article →

Enemies Of The People

July 31, 2009

Barney Frank (D-VT) wants the federal government to decide how much Wall Street executives (and all other executives of private companies) are paid. Barney also wants the government to decide how they are paid. Legislation to ban incentive-based pay for private corporations has been approved by the House Financial Services Committee.
I don't know where [...]

Read the full article →

Does Medicare Have Lower Administrative Costs ?

July 9, 2009

One of the talking points used by those favoring a single-payer health care system is that Medicare's administrative costs are FAR lower than those of private insurance companies. Here's liberal columnist and writer Joe Conason (whose latest book was titled 'The Right-Wing Propaganda Machine and How It Distorts the Truth') parroting that point at Truthdig.com:
Private [...]

Read the full article →

Getting Beyond Race

June 30, 2009

The Senate formally apologized for slavery yesterday, one hundred and forty four years too late, one hundred and forty four years after slavery was abolished.
Do we all feel better now ? A bunch of people who had nothing whatsoever to do with slavery have apologized for it. Now we know that America doesn't condone slavery [...]

Read the full article →

Obama Admin Admits Entitlement Crisis

May 14, 2009

In my last post, I touched on the problem of our huge unfunded entitlement liabilities, primarily Social Security and Medicare. Yesterday, the Obama administration admitted the problem exists. Yippee ! This may not seem like such a big step forward, but it is. Remember, for years the Democrats in Congress denied there was any problem [...]

Read the full article →

Worse Than Enron, Worse Than Madoff

May 12, 2009

At the end of each fiscal year, the Treasury Department issues a financial report. The last such report was the 2008 Financial Report Of the United States Government. There is a link to the Citizens Guide version of the report here.
The stated 2008 deficit under President Bush was $454.8 billion. That was the largest budget [...]

Read the full article →

If You Can't Dazzle 'Em With Brilliance…

May 9, 2009

Baffle 'em with you-know-what.
If Washington D.C. has a credo, that must surely be it. The media isn't far behind.
But before I get into that, I'd like to take a moment to thank President Obama for saving us all from last week's swine flu pandemic (worldwide epidemic). Just think, if Bush was still the President, [...]

Read the full article →

Another Day, Another $275 Billion

February 20, 2009

President Obama met with 85 mayors today to tell them to spend their stimulus money responsibly. This strikes me as roughly equivalent to giving 85 alcoholics each a fifth of Jack Daniels and then telling them to drink responsibly. Right. Like that's gonna happen. The last I heard, the partisan breakdown of the group of [...]

Read the full article →

Only The First Step

February 5, 2009

President Obama signed the SCHIP expansion into law yesterday amid great Democratic fanfare. As Democrats like to do, Obama pointed out a family that would benefit by his wonderful legislation (this time it was the Secrest family). Unmentioned, of course, were the hundreds of thousands of families to be hurt by the tax increase which [...]

Read the full article →

Obama's Economic News Conference

January 8, 2009

President-elect Barack Obama introduced his economic plan during a short speech yesterday.
Well, not really. What Obama actually introduced was the NAME of the plan, and some broad principles. He provided little in the way of details on what the plan will entail. The plan will be called either the American Recovery And Reinvestment Plan, or [...]

Read the full article →

← Previous Entries

 

© The Akron Beacon Journal • 44 E. Exchange Street, Akron, Ohio 44308

Powered by WordPress
Entries (RSS) and Comments (RSS).