Posts Tagged ‘spending’

Economy Grows, But Still Waiting For The Trickle Down

photo by Gage Skidmore (Flickr)

November was another great month for job growth this year, topping out with over 300,000 new jobs created. 2014 is shaping up to be the best year for job creation since the mid-90s boom times. But after 57 months of consecutive job growth under President Obama, the best streak since records have been kept, along with the economic gains that fueled that job growth, unfortunately average Americans are still waiting for the wealth created in this economy to trickle down to them. Sure, job creation is good, but wages have been stagnant. So, where have all the economic gains gone? You…
Read On…

Paul Krugman: Medicare Spending Is Down Sharply

Photo by Jeff Zelevansky / Getty Images

Since the mainstream media is mum, and even liberal MSNBC is mostly silent, I thought I’d share a little tidbit about health care spending. Over the last few years, overall health care spending has slowed dramatically, and now we find out Medicare is spending $1,000 less per beneficiary than originally projected by the Congressional Budget Office (CBO). Paul Krugman says this is a really big deal (and it would seem so based on that statistic alone), and he calls it the Medicare Miracle. First, our supposed fiscal crisis has been postponed, perhaps indefinitely. The federal government is still running deficits, but they’re…
Read On…

Federal Budget Deficit At Five Year Low, But Republicans Still Plan To Take Country Hostage

u.s.capitol-dusk.jpg

Republican lawmakers in Washington plan to take the country hostage this fall until their demands are met. Never mind that the federal budget deficit for 2013 is on track to hit a five year low. The U.S. Treasury reports that the budget gap dropped 35% from this time last year, and the Congressional Budget Office (CBO) expects a surplus through September. When the fiscal year ends on September 30th, the CBO is projecting an annual deficit of $642 billion. Remember it was only 4 years ago that the deficit topped out at $1.4 trillion. So the deficit will be less…
Read On…

America Spends Billions On Police State, Ignores The Real Security Issue

nsa-inside.jpg

Because of the NSA leaks by Edward Snowden, not only are we fully aware of the violations to our civil liberties, we also know our tax dollars are being used against us, in the name of national security. There’s a lot of money being spent on a shiny new police state, and what is it buying us? — Less freedom. Less liberty. That’s not a very good bargain. Alternet — The existence of a secret US budget, amounting to a well-financed shadow government, used to spy on American citizens and monitor their daily activities, was always derisively consigned to insane…
Read On…

The Public Is Obtuse On Medicare Spending, While Conservative ‘Leaders’ Bank On This Ignorance

medicare-card.jpg

There are conservatives who believe government is incapable of doing anything meaningful. They believe the only true purpose of government is national security. And these conservatives believe programs like Medicare are saddled with massive fraud and waste. And there are conservatives who are on Medicare that hold these beliefs while gobbling up more Medicare services than they paid for. But because they are conservatives, that means they abhor welfare, and would never be caught getting a free handout. And they believe this of themselves because they are ignorant to the fact that Medicare pays $3 in benefits for every $1…
Read On…