White House press secretary Robert Gibbs did not give the White House daily press briefing yesterday. The stated excuse was a bad cough. But there was no mention of any flu-like symptoms when The Hill reported yesterday that Gibbs believes the “professional left” should be “drug tested” since they will only be satisfied “when we have Canadian health care and we’ve eliminated the Pentagon.” After an outpouring of leftist protests over the article, including a call from Rep. Keith Ellison (D-MN) that he resign, Gibbs walked back his criticism, releasing a statement explaining: “Day after day it gets frustrating. Yesterday I watched as someone called legislation to prevent teacher layoffs a bailout – but I know that’s not a view held by many.” Continue reading…
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At a time when workers’ pay and benefits have stagnated, federal employees’ average compensation has grown to more than double what private sector workers earn, a USA TODAY analysis finds.Federal workers have been awarded bigger average pay and benefit increases than private employees for nine years in a row. The compensation gap between federal and private workers has doubled in the past decade. Continue reading… When President Obama signed the Patient Protection and Affordable Care Act (PPACA) he wiped out $53 trillion of unfunded U.S. government liability. With the stroke of a pen, more than 60 percent of Medicare’s long-term deficit vanished. It’s all in the latest Medicare Trustees report. The news is too good. It’s embarrassingly good. It’s, well, unbelievable, says John C. Goodman, President, CEO and the Kellye Wright Fellow of the National Center for Policy Analysis. Taking a closer look, we see that not all sectors were treated equally by the PPACA. The pharmaceutical industry made out like bandits. Doctors took a bath. And the hospital industry got creamed. But what if you don’t care about the lobbyists, the trade associations and the special interests? What if your main interest is in what kind of health care you’re going to get, asks Goodman? Well, that’s why there was a need for an alternative report — one prepared by Medicare’s actuaries. And according to this report, there’s no such thing as a free lunch, says Goodman. For example: Continue reading… White House press secretary Robert Gibbs did not give the White House daily press briefing yesterday. The stated excuse was a bad cough. But there was no mention of any flu-like symptoms when The Hill reported yesterday that Gibbs believes the “professional left” should be “drug tested” since they will only be satisfied “when we have Canadian health care and we’ve eliminated the Pentagon.” After an outpouring of leftist protests over the article, including a call from Rep. Keith Ellison (D-MN) that he resign, Gibbs walked back his criticism, releasing a statement explaining: “Day after day it gets frustrating. Yesterday I watched as someone called legislation to prevent teacher layoffs a bailout – but I know that’s not a view held by many.” Oh how wrong Gibbs is. “Bailout” is the only word that can accurately describe the $26.1 billion legislation that the House approved on a largely party line vote yesterday. Let’s break down the bill’s main provisions: Continue reading…
By returning to Washington to give the green light to another round of taxpayer-funded state aid, congressional Democrats are betting voters will reward, rather than punish, them for helping their cash-strapped states cover the costs of health care programs and teachers’ salaries. With the House abruptly interrupting its month long recess for Tuesday’s debate and vote, Democrats are casting the $26.1 billion plan as a win-win proposition. Continue reading… WASHINGTON — Government-controlled mortgage buyer Freddie Mac is asking for $1.8 billion in additional federal aid after posting a larger loss in the second quarter.Freddie Mac (FMCC) said Monday it lost $6 billion, or $1.85 a r share, in the April-to-June period. The company is required to pay a 10% annual dividend to the Treasury Department on money it has received from the government. That made up $1.3 billion of the company’s second-quarter losses. |
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