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Business & Economics PRESS ROOM |
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Honesty, No More Subsidies
Submitted by Steven Greenhut on 10.26.2011
President Obama’s plan to change federal lending rules so people who are under water in their mortgages can refinance will make a political point about Republican intransigence on his jobs package but won’t sway many voters.
Governor should ground tax proposal
Submitted by Lawrence J. McQuillan, Ph.D on 10.17.2011
Gov. Jerry Brown wants to increase sales and income taxes in a quest to “find another $10 billion” in revenue. He will have to craft a plan soon to get it on the 2012 ballot.
Our federal financial nightmares revealed ... and how to fix them
Submitted by Jeffrey H. Anderson, Ph.D on 10.14.2011
During this week’s GOP presidential debate, Michele Bachmann twice said the federal government is spending about “40 percent more” than what it takes in. If only we were in such good shape. The federal government has actually been spending about 75 percent more than what it takes in.
Comparative effectiveness reviews mean fewer cures
Submitted by Benjamin Zycher, Ph.D on 10.10.2011
Elected officials have powerful incentives to spend, and the administrators of government agencies -- always seeking to increase their budgets -- are happy to oblige. But the federal budget is finite. There are equally-powerful incentives to create more programs, as politicians are driven to make more citizens dependent upon government.
Hypocritical pension funds lecture others
Submitted by Steven Greenhut on 10.10.2011
The nation’s two largest pension funds, the California Public Employees’ Retirement System and the California State Teachers’ Retirement System, have been plagued by myriad fiscal problems, and even a corruption scandal in the case of CalPERS, and yet these systems continue to lecture the private sector on ethical corporate governance. The latest hypocrisy, released last week, is a project funded by the two systems to promote “diversity” in board rooms.
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