How much extra in federal government spending will the Patient Protection and Affordable Care Act cost each American each year from now through 2022? To find out, we extracted the annual gross spending figures the Congressional Budget Office just updated for each year from 2012 through 2022 and divided those figures by the U.S….
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How much will the�Affordable Care Act (ObamaCare)�cost us? Craig Eyermann�s July 25th blog post lays out the various tax increases that are expected under the Act.� Another way of looking at the Act and the taxes that will be needed is provided by the Kaiser Family Foundation�s�subsidy calculator. The calculator provides estimates for the…
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The California Institute for Regenerative Medicine (CIRM) has awarded $53 million to the University of California at Davis for research into Huntington�s disease and other maladies. The state stem-cell agency has given a total of $126 million to UC Davis and handed out nearly $1 billion overall, without producing any cures or therapies. Created…
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There’s an old American saying “a picture is worth a thousand words“. Putting that saying to the test, the picture below tells us the major points we need to know about the officially projected future White House’s recently released Mid-Session Review of the Budget of the United States government for the next ten years:…
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James Eagan Holmes, charged with 12 murders in the July 20 �Dark Knight� shootings in Colorado, received a federal stipend of� $21,600 for personal expenses, part of a grant from the federal National Institutes of Health. The federal grant of $176,000 supports six PhD students per year and the stipend of up to $26,000…
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Italy is the eighth largest economy in the world and the second-biggest manufacturing economy in Europe. The Italian government’s tax collections from year to year have been near rock-steady as a percentage share of the country’s GDP and, for over a decade now, the country has been running comparatively small annual budget deficits. And…
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Upon which income earners will fall the greatest burden of paying the burden of the “mandate penalty tax” in the Patient Protection and Affordable Care Act (aka “ObamaCare”)? To find out, we tapped our detailed income distribution data for individuals for the year 2010, the most recent year for which it is available (the…
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California faces a deficit of nearly $16 billion and has cut the $384 million budget of the state Parks Department by one-third. Embattled cities and private groups have been contributing funds to keep facilities open, but department bosses warned that a recent budget cut of $22 million would force them to shut down 70…
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Remember when the projected additional cost of the Patient Protection and Affordable Care Act (aka “ObamaCare”) to U.S. taxpayers over a ten year period of time was going to be less than 1 trillion dollars? Let’s just say that once it’s fully implemented, it’s going to be a bit over budget. By about 190%:…
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We’re learning today that when a government runs out of money to spend, among the first places it turns to for more are the trust funds it sets up to provide for social insurance. For example, consider the so-called “social” insurance the government provides for private sector pension plans. Here, in the event a…
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