Common Folk Using Common Sense

My rantings and ravings in this interesting world.

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Entries Tagged as 'Money'

Under ObamaCare Health Premiums Would Rise

March 17th, 2010 · No Comments

Via FOX News:

Buyers, beware: President Barack Obama says his health care overhaul will lower premiums by double digits, but check the fine print.
Premiums are likely to keep going up even if the health care bill passes, experts say. If cost controls work as advertised, annual increases would level off with time. But don’t look for [...]

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Tags: Government · Health · Insurance · Money · Taxes · The Left · The US

Obama Still Sinking/Stinking In Polls

March 12th, 2010 · No Comments

More Höpenchange, via Rasmussen:

The Rasmussen Reports daily Presidential Tracking Poll for Thursday shows that 24% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as President. Forty-two percent (42%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -18.
Thirty-seven percent (37%) give the President good or [...]

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Tags: Government · Health · Money · Taxes · The Left · The US

Maybe It Ain’t The Insurers Fault

March 9th, 2010 · Comments Off

From National Review Online:

According to the most recent Fortune 500 rankings, health insurers are not even among the top-30 United States industries in profit-margin. Health insurers rank 35th, with a profit-margin of just 2.2 percent — less than one-fifth the profit-margin of railroads. None of the ten largest American health insurers made profits [...]

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Tags: Government · Health · Insurance · Money · Taxes · The Left · The US

Six Reasons to Downsize the Federal Government

March 9th, 2010 · Comments Off

From those great folks at Cato:

Additional federal spending transfers resources from the more productive private sector to the less productive public sector of the economy.
As federal spending rises, it creates pressure to raise taxes now and in the future.
Much federal spending is wasteful and many federal programs are mismanaged.
Federal programs often benefit special interest groups [...]

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Tags: Government · Money · Politics · Pork · Taxes · The Left · The Right · The US

Spending America Into Oblivion

February 8th, 2010 · Comments Off

From American Spectator and Boortz:

The cost of our federal government is 25% of our total economy (GDP). This is compared with the average of 20.7% of the GDP during 1970-2009
If you include the cost of state and local government, the total cost of government is almost 40% of our GDP
Since 2008, the cost of our [...]

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Tags: Government · Money · Taxes · The Left · The US

Obama’s Big Government

February 5th, 2010 · Comments Off

Via The Washington Times:

The era of big government has returned with a vengeance, in the form of the largest federal work force in modern history.
The Obama administration says the government will grow to 2.15 million employees this year, topping 2 million for the first time since President Clinton declared that “the era of big government [...]

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Tags: Government · Money · Socialism · Taxes · The Left · The US

More Höpenchange

February 3rd, 2010 · Comments Off

From Yahoo:

The Obama administration’s plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.
In the 2010 budget tabled by President Barack Obama on Monday, the White House wants to let billions of dollars [...]

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Tags: Government · Money · Taxes · The Left · The US

Obama to Seek Partial Three-Year Spending Freeze in 2011 Federal Budget

January 26th, 2010 · Comments Off

Says FOX News:

President Obama is expected to propose that Congress freeze “non-security” federal spending for the next three years, senior administration officials said Monday.
The term “non-security” is broad. It will exempt costs of the wars in Afghanistan and Iraq, all other Pentagon spending, as well as foreign aid and the budgets of the Veterans Administration [...]

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Tags: Government · Money · Taxes · The Left · The US

3 of 4 Americans say much of stimulus money wasted

January 25th, 2010 · Comments Off

Via CNN:

- 63% of public thinks projects in plan were included for purely political reasons.
- 21% of people in poll say nearly all the money in the stimulus has been wasted.
- 56% of the public opposes the stimulus.
Nearly three out of four Americans think that at least half of the money spent in the federal [...]

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Tags: Government · Money · Taxes · The Left · The US

The Chicago Way

January 25th, 2010 · Comments Off

Here is how Obama/Reid/Pelosi has decided to treat the average American:

Senator Ben Nelson of Nebraska got his state a special Medicaid expansion subsidy will initially cost residents of the other 49 states an estimated $300 million.
Senator Carl Levin of Michigan got an exemption for non-profit insurers in his state from a hefty excise tax. [...]

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Tags: Government · Insurance · Money · Politics · Taxes · The Left · The US

The Definition Of Madness

January 23rd, 2010 · Comments Off

Says the Investor’s Business Daily:

Since 2006, when Democrats retook Congress, the economy has crashed as the party has made mistake after mistake.
All that’s left after the $3 trillion already spent by Congress, the Fed and the Treasury on “stimulus” and other foolishness is a sprawling, sloppy leviathan of government, consuming trillions yet unable to stop [...]

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Tags: Government · Money · Taxes · The Left · The US

After One Year Of Höpenchange …

January 19th, 2010 · Comments Off

Via Real Clear Politics:
Percentage of respondents asked the following questions:
Direction of Country
- Right Direction: 36.2
- Wrong Track: 57.8
- Spread: -21.6
President Obama Job Approval
- Approve: 49.4
- Disapprove: 44.6
- Spread: +4.8
Congressional Job Approval
- Right Direction: 25.7
- Wrong Track: 66.0
- Spread: -40.3
Obama and Democrats’ Health Care Plan
- For/Favor: [...]

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Tags: Government · Health · Money · Taxes · The Left · The US

Just A Thought

January 17th, 2010 · Comments Off

In the US we have Moochers, Looters, and Producers. The Moochers (the government-dependant) want what I have, the Looters (politicians) take what I have and give to the Moochers, and the Producers (me) make what the Moochers want and the Looters take. This used to be called crime. Isn’t it time for a Revolution?

Moochers, [...]

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Tags: Government · Money · Socialism · Taxes · The Left · The US

Welcome The ‘double-dip’ Recession

January 16th, 2010 · Comments Off

From The Hill:

U.S. Chamber of Commerce President Tom Donohue warned the U.S. faces a double-dip recession because of the taxes and regulations under consideration by the Democratic Congress and President Barack Obama.
“Congress, the administration and states must recognize that our weak economy simply could not sustain all the new taxes, regulations and mandates now under [...]

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Tags: Employment · Government · Money · Taxes · The US

Obama’s Stimulus Is A Money Loser

January 15th, 2010 · Comments Off

Says Investor’s Business Daily:

The results are in, and last year’s $787 billion stimulus not only failed to do what it was supposed to do, but it has also turned out to be one of the worst investments in economic history.
As we’ve discovered, the American people aren’t just saddled with the ongoing costs of the various [...]

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Tags: Government · Money · Taxes · The Left · The US