Experts agree that healthcare entitlement reform is key to curbing costs and boosting quality, yet we seem to ignore one of our biggest, less obvious, entitlements in the discussion. After Medicare and Medicaid, the employer sponsored health insurance tax exemption is the government’s biggest expenditure on healthcare, costing us around $260 billion a year. It … Continue reading
Our elections may be over, but our growing national debt remains. It is also approaching unprecedented levels—last year, it exceeded 100% of GDP for only the fourth time in history. The other three times were during World War II, when we were fighting a war on all seven continents. Yet the economy is recovering from … Continue reading
Few people lack an opinion on “what” the NASA should be doing. But even fewer have tried to answer the overarching question of “why” we would want to invest considerable resources in exploring our extraterrestrial neighborhood. Yet a comprehensive answer may be the key to reviving the struggling space program. This week, the George C. … Continue reading
As the 2012 election draws to a close, the painfully inevitable process of media endorsements has brought the Romney and Obamaphiles out of the woodwork, like Kurt Gibson, hobbling to the plate in hopes that one lucky swing can sway some votes. Generally conservative endorsements of Mitt Romney incorporate criticism of President Obama for being … Continue reading
The “Fiscal Cliff” seems to the be the buzz-word of the month. Why shouldn’t it be? The numbers are scary. An almost 600 billion dollar combination of tax increases and across the board spending cuts that go into effect on January 2, 2013. Broken down the majority of the cost comes from 440 billion dollars … Continue reading
Much has been made during the Presidential Campaign of income inequality and the undue influence of the so-called 1%. The quantifiable facts on income inequality are stunning, and it’s true that this reality can and will have a serious impact on both the American economy and social structure. Between 1979 and 2007, real household income … Continue reading
On September 13, Chairman of the Federal Reserve Ben Bernanke announced a third round of quantitative easing that the Fed would enact to further jumpstart the sluggishly recovering U.S. economy. QE 3, as it is known, has the Fed buy 40 billion dollars worth of mortgage backed securities per month to make it cheaper for … Continue reading
One of the most contentious points in the two presidential debates, and really the focal point of this campaign, has been Mitt Romney’s tax proposal. Governor Romney’s proposal, a summary of which you can read here, is essentially to reduce income taxes for all Americans by 20%, eliminate interest, dividends, and capital gains taxes for … Continue reading
“The hardest thing in the world to understand is the income tax.” – Albert Einstein Mitt Romney has a tax plan. He wants to lower tax rates for everyone and get rid of some tax deductions. The details of the plan and who will be benefit are hotly debated topics and seemingly an entire industry has … Continue reading
Wealthier European nations in the north cannot continue to subsidize failing economies in the south for long, at least not in the ineffective way they are now. There is a big problem with the European Commission; it often does not place conditions on the loans it gives to countries, unlike the IMF. The result is … Continue reading
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