Other people’s money is very powerful thing; it can be stolen by government, wasted, and a small fraction spent on making a problem worse. Unions can extort if from companies until there are layoffs, or entire industries are relocated or regions suffer (rust belt, anyone?). Most Americans have no problem spending other people’s money. But, there is a strange phenomena to report. When other people’s money turns into MY money, the tune changes, and fast! Peter Schiff, a big time investor, staged a mock protest; asking people if they are willing to have their money become other people’s money, and […]
My Money vs. Other People’s Money: Consumers Say’No’ to Raises for Wal Mart Staff, Once They Find Out They Have to Pay for it!
Remember when Obama said that instead of getting the expensive surgery, granny might have to take the “pain pill” instead? Well, it’s like she might not even able to get the pain pill. It seems that ObamaCare might either make a lot of medications that Americans rely upon unavailable, or unaffordable. Here is a brief excerpt from Forbes… The President famously promised that you could keep your health plan and doctor. For many people, both of those pledges are turning out to be false. And now, you might not be able to keep your medicine, either. There are two reasons […]
A big Hat Tip to Doug Ross@Journal for leading me to this article by the Competitive Enterprise Institute. The article, titled Ten Thousand Commandments 2013, is their annual review of the Federal Regulatory State. Because of its brevity, I’m going reproduce it here with emphasis added by me: Full Document Available in PDF The scope of federal government spending and deficits is sobering. Yet the government’s reach extends well beyond the taxes Washington collects and its deficit spending and borrowing. Federal environmental, safety and health, and economic regulations cost hundreds of billions—perhaps trillions—of dollars every year over and above the costs of […]
Apparently, the Obama Administration is holding back on announcing new regulations, especially from the EPA. It would seem that the Administration does not want prospective voters knowing what the EPA will be up to. However, Freedom Works has some relevant information… First, an October report from Republican Sen. James Inhofe indicated that the EPA specifically “punted” on numerous regulations in an attempt to “earn votes” for a second term. … Then, the administration illegally failed to meet a deadline for releasing regulatory plans for the coming year, a move which prompted Inhofe to release the following statement: “President Obama is refusing to comply with the law that requires him to publish forthcoming regulations because he doesn’t […]