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This is not hard to understand as most government agencies that are under water, and continuing to fail, are headed by progressives that believe there is no tax to high to implement to bring in more revenue to spend.
Just look what happened in Wisconsin under the direction Scott Walker, a Conservative. Now look at what is happening in Illinois and California under the direction of possessives socialist Democrats.
Pension Woe Mounts As States Forsake Reform
Source: Steven Malanga, "Pension Woe Mounts As States Forsake Reform," Real Clear Markets, September 12, 2012.
September 21, 2012
States are scrambling to find a solution to soaring pension debts. Since 2009, more than 40 states have reported enacting some manner of changes to their pension systems to save money. However, these changes do nothing and make governments spend more of their budgets on their pension system, says Steven Malanga, a senior fellow at the Manhattan Institute.
•From 2008 to 2010, unfunded pension and retiree health care benefits grew 38 percent to $1.38 trillion.
•Since 2008, pension liabilities have soared to an estimated $4.6 trillion, a $2 trillion increase.
•The average investment returns on all public pension funds was only 1.1 percent, compared to the anticipated 7.5 percent to 8 percent.
Many states have pursued feeble strategies to take care of their pension problems but have been met with fierce opposition from union lobbyists.
•California passed a watered down version of a bill that would have saved $50 billion over the next 30 years.
•Twenty-three states have raised the retirement age for new workers and increased the number of years those employees need to work before they access benefits.
•However, these reforms don't affect the current workforce.
•Similarly, New York created a less expensive pension system for new employees that would save $21 billion over the next 30 years. However, the savings don't mean much in the context of the $259 billion New York will have to contribute to its pension funds.
The reason states end up passing laws that only affect new employees is that many states write into their constitutions that no changes can be made to benefit levels of current workers. New Jersey is considering proposals to their constitution that would allow benefits to be cut to current employees.
Utah and Rhode Island provide examples of states that show promise in their pension system reforms.
•After the stock market decline of 2008, Utah's pension went from 95 percent funding to 87 percent.
•Furthermore, they closed down its defined benefit pensions to new workers and opened a 401(k) style retirement savings account.
•This reduced the risk that Utah would go bankrupt from 50 percent to 10 percent.
•Similarly, Rhode Island suspended annual cost-of-living adjustments for retirees.
•Furthermore, new employees were put in a system where they have small defined benefits and a 401(k) style plan.
•This is estimated to have cut the pension system's unfunded liabilities in half to $3 billion.
25 Eylül 2012 Salı
Medicaid Costing States Huge Revenue
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Congressional Budget Office (CBO) says the new ObamaCare act (ACA) will increase the burden for states to care for the millions of new participants in the health care program jammed down every ones throats.
Wait, this isn't news, this has been known from the beginning and just one of the many reasons every Republican voted against ObamaCare. Dumping the majority of the costs on the states is just a tool used by Obama to hide the real cost of 'single payer' health coverage.
Every thing Mr Obama said about ObamaCare has proven to be false and he knew this from the beginning. Mr Obama believes, and rightly so, no matter what he says, a huge number of the population will believe him and the main stream media will carry the lie as long as necessary.
Medicaid Expansion Will Become More Costly to States
Source: Drew Gonshorowski, "Medicaid Expansion Will Become More Costly to States," Heritage Foundation, August 30, 2012.
September 21, 2012
Under the Affordable Care Act (ACA), the federal government has given many options to state governments that seem attractive on the surface but may end up being very costly, says Drew Gonshorowski, a policy analyst at the Heritage Foundation.
•Under the ACA, states can choose to expand their Medicaid populations to include individuals below 138 percent of the federal poverty level.
•The federal government will pick up 100 percent of payments for the first three years and then roll back its payments.
•The expansion would increase federal spending by $642 billion according to the Congressional Budget Office.
•This option is meant to induce states to choose to expand Medicaid because of the perceived low costs.
However, President Obama has already proposed a budget for fiscal year 2013 that reduces the federal match rate on the expansion, which would have several implications for states. Indeed, the proposed blended rate in the budget would cost states up to $3.4 billion a year.
Several scenarios were simulated to show the different results a state could experience if the federal match rates are reduced. In the first simulation, the 100 percent match rate as specified by the ACA is assumed. In the second scenario, a 90 percent match rate is assumed. The third scenario is reduced by 10 percent but keeps the same schedule as the ACA. In the fourth and final scenario, the match rate is reduced to the blended rate. Some examples are given on how they would affect individual states:
•Ohio would see increased spending by $407 million in the first five years under the first scenario, $1.3 billion in the second scenario, and $2.5 billion in the last scenario.
•Similarly, Illinois would spend $840 million in the first scenario, $2 billion in the second scenario, and $6.6 billion under the proposed blended rate.
•Finally, in Georgia, spending could increase by $200 million in the first five years. However, ithe match rate is lowered, costs could go up to $1.2 billion.
State legislatures must be cautious in assessing the costs and benefits of expanding Medicaid. While the federal government makes claims of lowered overall costs, the proposed blended rates actually place a heavier burden on the states to pay for Medicaid.
Wait, this isn't news, this has been known from the beginning and just one of the many reasons every Republican voted against ObamaCare. Dumping the majority of the costs on the states is just a tool used by Obama to hide the real cost of 'single payer' health coverage.
Every thing Mr Obama said about ObamaCare has proven to be false and he knew this from the beginning. Mr Obama believes, and rightly so, no matter what he says, a huge number of the population will believe him and the main stream media will carry the lie as long as necessary.
Medicaid Expansion Will Become More Costly to States
Source: Drew Gonshorowski, "Medicaid Expansion Will Become More Costly to States," Heritage Foundation, August 30, 2012.
September 21, 2012
Under the Affordable Care Act (ACA), the federal government has given many options to state governments that seem attractive on the surface but may end up being very costly, says Drew Gonshorowski, a policy analyst at the Heritage Foundation.
•Under the ACA, states can choose to expand their Medicaid populations to include individuals below 138 percent of the federal poverty level.
•The federal government will pick up 100 percent of payments for the first three years and then roll back its payments.
•The expansion would increase federal spending by $642 billion according to the Congressional Budget Office.
•This option is meant to induce states to choose to expand Medicaid because of the perceived low costs.
However, President Obama has already proposed a budget for fiscal year 2013 that reduces the federal match rate on the expansion, which would have several implications for states. Indeed, the proposed blended rate in the budget would cost states up to $3.4 billion a year.
Several scenarios were simulated to show the different results a state could experience if the federal match rates are reduced. In the first simulation, the 100 percent match rate as specified by the ACA is assumed. In the second scenario, a 90 percent match rate is assumed. The third scenario is reduced by 10 percent but keeps the same schedule as the ACA. In the fourth and final scenario, the match rate is reduced to the blended rate. Some examples are given on how they would affect individual states:
•Ohio would see increased spending by $407 million in the first five years under the first scenario, $1.3 billion in the second scenario, and $2.5 billion in the last scenario.
•Similarly, Illinois would spend $840 million in the first scenario, $2 billion in the second scenario, and $6.6 billion under the proposed blended rate.
•Finally, in Georgia, spending could increase by $200 million in the first five years. However, ithe match rate is lowered, costs could go up to $1.2 billion.
State legislatures must be cautious in assessing the costs and benefits of expanding Medicaid. While the federal government makes claims of lowered overall costs, the proposed blended rates actually place a heavier burden on the states to pay for Medicaid.
Energy Policy Effects All Life : China's Green Policy Fails
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This is interesting in that America's energy policy today is to stop all fossil fuel exploration and use as soon as possible, and rely entirely on wind, solar and bio fuel. Realistically, this is not possible as the green technology is no where ready to take a major role in the domestic or industrial arenas.
This administrations energy policy is designed to limit prosperity and industrial advancement to bring this country into line with other countries in Europe. That this ideology will cause great suffering in the future, if accomplished, means little to the progressive socialists now in power.
The agenda here is to build a society of dependency that will for generations vote to sustain the progressives in power, and with nearly 49% of the population waiting in line for government handouts, it's coming to be reality.
The question now is will the voting poor and unemployed fall into line as the possessive believe they will, or will they fool the progressives and vote from a belief that they want our country to be better then it is, and that their off spring will have a future better then the one that now exists generated by the current socialists? The answer is this November.
The China Model and U.S. Energy Policy
Source: Lee Lane, "The China Model and U.S. Energy Policy," Hudson Institute, September 2012.
September 24, 2012
For the past 40 years, both Republican and Democratic presidents have pursued flawed energy policies that promised a breakthrough in energy independence. Yet despite past failures, a majority of Americans, as well as the lawmakers that represent them, support subsidies to promote the latest in alternative energy technology. This support can be partly attributed to the president and other politicians linking green energy to fears about the rise of China in the energy sector, says Lee Lane, a visiting fellow with the Hudson Institute.
However, China's institutions and economic growth are unsustainable, even with the rise of its alternative energy sector. China's growth from energy provides not an example, but a cautionary tale about its energy policy and larger model for economic growth.
The source of most of China's growth came from cheap surplus labor:
•Wages have been rising and the labor force will begin shrinking by 2015.
•The old-age dependency ratio will double by 2030, forcing China to expand social services.
•Furthermore, the effects of early reforms and first round of technology imports have been absorbed and total factor productivity growth has slowed.
Moreover, China's inefficient institutions will come to affect its economic performance in the coming decades.
•First, China's effort to "rebalance" the economy by boosting productivity and raising household consumption standards is failing.
•Second, China's emphasis on investing in state-owned enterprises discourages competitions and stifles innovation.
•Third, corruption within these institutions is rampant and costly to the Chinese government.
China's green energy sector is not immune from the overall economic problems the country faces. Even with its growing production of solar and wind power technologies, China still imports coal to provide 60 percent of its electricity. Furthermore, the environmental cost of sustained fossil fuel use will cancel out any effect that alternative energy will have for the economy.
As it stands, the United States has no reason to model China's strategy for alternative energy.
•First, U.S. wages are too high to match China's labor-intensive manufacturing sector, which is required of green technology.
•Second, the government has been shown to lack the capacity to implement the technology.
This administrations energy policy is designed to limit prosperity and industrial advancement to bring this country into line with other countries in Europe. That this ideology will cause great suffering in the future, if accomplished, means little to the progressive socialists now in power.
The agenda here is to build a society of dependency that will for generations vote to sustain the progressives in power, and with nearly 49% of the population waiting in line for government handouts, it's coming to be reality.
The question now is will the voting poor and unemployed fall into line as the possessive believe they will, or will they fool the progressives and vote from a belief that they want our country to be better then it is, and that their off spring will have a future better then the one that now exists generated by the current socialists? The answer is this November.
The China Model and U.S. Energy Policy
Source: Lee Lane, "The China Model and U.S. Energy Policy," Hudson Institute, September 2012.
September 24, 2012
For the past 40 years, both Republican and Democratic presidents have pursued flawed energy policies that promised a breakthrough in energy independence. Yet despite past failures, a majority of Americans, as well as the lawmakers that represent them, support subsidies to promote the latest in alternative energy technology. This support can be partly attributed to the president and other politicians linking green energy to fears about the rise of China in the energy sector, says Lee Lane, a visiting fellow with the Hudson Institute.
However, China's institutions and economic growth are unsustainable, even with the rise of its alternative energy sector. China's growth from energy provides not an example, but a cautionary tale about its energy policy and larger model for economic growth.
The source of most of China's growth came from cheap surplus labor:
•Wages have been rising and the labor force will begin shrinking by 2015.
•The old-age dependency ratio will double by 2030, forcing China to expand social services.
•Furthermore, the effects of early reforms and first round of technology imports have been absorbed and total factor productivity growth has slowed.
Moreover, China's inefficient institutions will come to affect its economic performance in the coming decades.
•First, China's effort to "rebalance" the economy by boosting productivity and raising household consumption standards is failing.
•Second, China's emphasis on investing in state-owned enterprises discourages competitions and stifles innovation.
•Third, corruption within these institutions is rampant and costly to the Chinese government.
China's green energy sector is not immune from the overall economic problems the country faces. Even with its growing production of solar and wind power technologies, China still imports coal to provide 60 percent of its electricity. Furthermore, the environmental cost of sustained fossil fuel use will cancel out any effect that alternative energy will have for the economy.
As it stands, the United States has no reason to model China's strategy for alternative energy.
•First, U.S. wages are too high to match China's labor-intensive manufacturing sector, which is required of green technology.
•Second, the government has been shown to lack the capacity to implement the technology.
China's Economy Falling off? Bad for America
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It is a fact that with the debt that China holds of ours, they are fenced in to making sure we survive this down turn, and we are just as sure to keep China's industries growing to keep our heads above the financial waters.
We need each other, as most industrial nations are intertwined in industrial production. It's how the system of free trade is supposed to work, only it would be nice if we weren't so far in debt to just about everyone.
Why Americans Should Root for a Strong Chinese Economy
Source: Josh Boak, "Why Americans Should Root for a Strong China Economy," Fiscal Times, September 21, 2012.
September 24, 2012
With both political campaigns pointing the finger at China for bad trade deals that steal American jobs, it is necessary to step back and realize the importance of a strong Chinese economy. The U.S. economy is heavily intertwined with the Chinese economy, and a slowdown for them could mean a slowdown for the U.S. economy, says Josh Boak of the Fiscal Times.
American jobs and the entire economy are dependent on China:
•More than 800,000 jobs relied on the $103.9 billion in goods and services shipped to China.
•U.S. exports to China have increased by 541 percent in the last decade.
•China holds $1.15 trillion in debt, which enables government expenditures on social programs and the military.
•Chinese firms invested $4.5 billion directly into the United States through mergers or the opening of new factories.
•Furthermore, the one million Chinese tourists that came to the United States last year spent an average of $6,500 each. The Commerce Department estimate that in 2016, 3.25 million Chinese will come to the United States to tour.
•Ohio alone exported $2.7 billion to China, an 838 percent increase since 2000.
•Finally, Chinese demand for American cars increased exports to China by 457 percent, or $4.55 billion.
However, opponents of China's industries do have some valid concerns. For example, it is estimated that the United States lost 1.9 million manufacturing jobs after China entered the World Trade Organization (WTO). Compounding this problem is that China has been able to artificially lower the value of their currency against the dollar. The Obama administration is currently pursuing a complaint with the WTO against China for subsidizing their auto parts industry.
China's economy can feel the impact of stagnant American and European economies. Chinese manufacturing has declined for the past 11 months as demand for products have gone down. Chinese corporate profits and property values have fallen 1.19 percent in the past 12 months, which has impacted American growth. Rather than bashing China, Americans should realize the importance of China's role in the import of goods and the benefits that are derived from trading.
We need each other, as most industrial nations are intertwined in industrial production. It's how the system of free trade is supposed to work, only it would be nice if we weren't so far in debt to just about everyone.
Why Americans Should Root for a Strong Chinese Economy
Source: Josh Boak, "Why Americans Should Root for a Strong China Economy," Fiscal Times, September 21, 2012.
September 24, 2012
With both political campaigns pointing the finger at China for bad trade deals that steal American jobs, it is necessary to step back and realize the importance of a strong Chinese economy. The U.S. economy is heavily intertwined with the Chinese economy, and a slowdown for them could mean a slowdown for the U.S. economy, says Josh Boak of the Fiscal Times.
American jobs and the entire economy are dependent on China:
•More than 800,000 jobs relied on the $103.9 billion in goods and services shipped to China.
•U.S. exports to China have increased by 541 percent in the last decade.
•China holds $1.15 trillion in debt, which enables government expenditures on social programs and the military.
•Chinese firms invested $4.5 billion directly into the United States through mergers or the opening of new factories.
•Furthermore, the one million Chinese tourists that came to the United States last year spent an average of $6,500 each. The Commerce Department estimate that in 2016, 3.25 million Chinese will come to the United States to tour.
•Ohio alone exported $2.7 billion to China, an 838 percent increase since 2000.
•Finally, Chinese demand for American cars increased exports to China by 457 percent, or $4.55 billion.
However, opponents of China's industries do have some valid concerns. For example, it is estimated that the United States lost 1.9 million manufacturing jobs after China entered the World Trade Organization (WTO). Compounding this problem is that China has been able to artificially lower the value of their currency against the dollar. The Obama administration is currently pursuing a complaint with the WTO against China for subsidizing their auto parts industry.
China's economy can feel the impact of stagnant American and European economies. Chinese manufacturing has declined for the past 11 months as demand for products have gone down. Chinese corporate profits and property values have fallen 1.19 percent in the past 12 months, which has impacted American growth. Rather than bashing China, Americans should realize the importance of China's role in the import of goods and the benefits that are derived from trading.
Federal Chairman Drops Common Sense for Politics?
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Again, its not about making the economy grow or keep it from collapse, it's about spreading more money into the hands of the big banks, just as the first and second QE's did so they would send some of it back into the hands of the progressives now in power.
This worked so well in 2008, why not now, given the banks are giving more to the Republicans then in 2008, the progressive Democrats may a well try it again. After all it's only money, someone else's money.
How Quantitative Easing Helps the Rich and Soaks the Rest of Us
Source: Anthony Randazzo, "How Quantitative Easing Helps the Rich and Soaks the Rest of Us," Reason, September 13, 2012.
September 24, 2012
In the face of slow growth, the Federal Reserve has pursued another round of quantitative easing to help alleviate economic concerns. However, the Fed's policy is simply a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy, according to Anthony Randazzo, director of economic research at the Reason Foundation.
The current round of easing would have the Occupy Wall Street movement up in arms with its policies that help the wealthy.
•Quantitative easing causes stock prices to rebound. This is at the crux of the trickle-down theory: that more wealth will help those lower on the economic ladder.
•Furthermore, most equity shares exist with the wealthiest 10 percent, which means that quantitative easing affects a narrow population of Americans.
•Additionally, quantitative easing will drive investors to invest in commodities, which raises the price of things like gas, meat and bread.
•Finally, the Fed has made it easier for corporations to borrow money by artificially making interest rates cheaper.
Crucially, it is time to realize that quantitative easing isn't the solution to the lackluster economic performance. The very issue that got us into the financial crisis (cheap loans that allowed businesses to leverage housing prices) is the same one that the Fed is endorsing in their policy.
The new plan will simply increase the number of bad, risky investments and increase income inequality. Even if banks begin to lend more, it won't help people out of debt or improve the housing market. It won't help clear toxic debt or change the number of foreclosures that need to be processed. In the end, it won't help the average American very much at all.
This worked so well in 2008, why not now, given the banks are giving more to the Republicans then in 2008, the progressive Democrats may a well try it again. After all it's only money, someone else's money.
How Quantitative Easing Helps the Rich and Soaks the Rest of Us
Source: Anthony Randazzo, "How Quantitative Easing Helps the Rich and Soaks the Rest of Us," Reason, September 13, 2012.
September 24, 2012
In the face of slow growth, the Federal Reserve has pursued another round of quantitative easing to help alleviate economic concerns. However, the Fed's policy is simply a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy, according to Anthony Randazzo, director of economic research at the Reason Foundation.
The current round of easing would have the Occupy Wall Street movement up in arms with its policies that help the wealthy.
•Quantitative easing causes stock prices to rebound. This is at the crux of the trickle-down theory: that more wealth will help those lower on the economic ladder.
•Furthermore, most equity shares exist with the wealthiest 10 percent, which means that quantitative easing affects a narrow population of Americans.
•Additionally, quantitative easing will drive investors to invest in commodities, which raises the price of things like gas, meat and bread.
•Finally, the Fed has made it easier for corporations to borrow money by artificially making interest rates cheaper.
Crucially, it is time to realize that quantitative easing isn't the solution to the lackluster economic performance. The very issue that got us into the financial crisis (cheap loans that allowed businesses to leverage housing prices) is the same one that the Fed is endorsing in their policy.
The new plan will simply increase the number of bad, risky investments and increase income inequality. Even if banks begin to lend more, it won't help people out of debt or improve the housing market. It won't help clear toxic debt or change the number of foreclosures that need to be processed. In the end, it won't help the average American very much at all.
23 Eylül 2012 Pazar
Ferrari Fxx
Ferrari Fxx 4f59f3fa40fb71331295226
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Roadster 4f59f3fd4d88b1331295229
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