Archives for 

Economic News

Economic News

South Florida Tea Party Turns Heat Up On Klein

 Tempers flare in South Florida over healthcare overhaul A raucous group of about 100 protesters confronted staffers of U.S. Rep. Ron Klein, expressing their displeasure with the healthcare overhaul bills being considered in Congress. BY BETH REINHARD AND LESLEY CLARK BREINHARD@MIAMIHERALD.COM Confrontation over a national healthcare overhaul reached South Florida on Wednesday, when routine office […] Continue reading →
Economic News

Stimulus impact on distressed areas is questioned

 By Robert Schroeder, MarketWatch WASHINGTON (MarketWatch) — A top Democratic House lawmaker on Wednesday questioned whether President Barack Obama’s $787 billion economic stimulus plan is working as intended, in the latest evidence of dissatisfaction with the huge recovery package. “It is unclear as to whether recovery act funds are going where they are needed most,” said […] Continue reading →
Economic News

President’s PAYGO Proposal is Unworkable

 Posted June 9th, 2009 at 2.12pm in Ongoing Priorities. President Obama today is promoting a Pay-as-You-Go (PAYGO) statute requiring that tax cuts and entitlement expansions be collectively deficit-neutral. Congress is likely to take up the proposal later this month. Since 2007, Congress has had a PAYGO rule mandating that each new tax and entitlement bill be […] Continue reading →
Economic News

Public Plan Means Big Taxpayer Burden

 President Obama has proposed that Congress create a new public health plan to compete with private health plans in a national health insurance exchange. The President says that Congress can create a “level playing field” nationwide to ensure a fair competition between the newly created public plan and private health plans and that Americans who […] Continue reading →
Economic News

Federal Reserve Inspector General – Money?

 Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. http://www.bloomberg.com/apps/news?pi… Federal Reserve […] Continue reading →
Economic News

We Can All Learn from California’s Budget Crisis

 If the old saying about the rest of America following the Golden State’s lead is true, then the notion that California will run out of cash in mere weeks should frighten all Americans. In no uncertain terms, Governor Arnold Schwarzenegger remarked candidly at the state’s Capitol, “California’s day of reckoning is here.” People are so used […] Continue reading →