Posts Tagged ‘Medicaid’

Nearly Half of Americans Receive Government Funding


Thursday January 19th, 2012   •   Posted by David Theroux at 10:59pm PST   •   10 Comments

In an article in the Wall Street Journal, Sara Murray reports that “Nearly Half of U.S Lives in Household Receiving Government Benefits.” The pool of Americans relying on government benefits rose to record highs last year as an increasing share of families tapped aid in a weak economy. Some 48.6% of the population lived…
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Washington Breaks Government Spending Record: $3.6 Trillion


Tuesday October 25th, 2011   •   Posted by David Theroux at 11:39pm PDT   •   1 Comment

The Wall Street Journal reports in “A New Spending Record: Washington had its best year ever in fiscal 2011″ that: Maybe it’s a sign of the tumultuous times, but the federal government recently wrapped up its biggest spending year, and its second biggest annual budget deficit, and almost nobody noticed. Is it rude to…
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Size of the U.S. Debt Visualized in 3D


Thursday July 21st, 2011   •   Posted by Emily Skarbek at 9:18am PDT   •   2 Comments

What do you think is taller: the Empire State Building or cube of $114 trillion dollars??? Check it out here! The 114.5 Trillion dollar super-skyscraper is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, social security, military and civil servant pensions….
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Emily Skarbek Is Interviewed on the Government Cost Calculator on Reason TV


Thursday May 12th, 2011   •   Posted by David Theroux at 10:49pm PDT   •   1 Comment

Independent Institute Research Fellow Emily Skarbek is interviewed here by Nick Gillespie of Reason TV regarding the Institute’s very timely and far-reaching Government Cost Calculator. The Calculator enables any American to clearly understand three aspects of federal government spending. First, the Calculator helps you determine how much a person will pay for various federal…
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Jeff Miron’s Advice: Cut Federal Entitlement Spending!


Thursday May 5th, 2011   •   Posted by Emily Skarbek at 7:51am PDT   •   12 Comments

In the following video, Independent Institute Research Fellow Jeffery Miron discusses why federal entitlement spending (Medicare, Medicaid, and Social Security) is growing to unprecedented levels and must be cut and cut and cut some more if the U.S.’s fiscal spending and debt crisis is to be resolved. HT: Mike Munger

What Forced President Obama to the Deficit Cutting Table?


Wednesday April 20th, 2011   •   Posted by Craig Eyermann at 7:44am PDT   •   0 Comments

Last Wednesday, months after rejecting his own presidential commission’s recommendations for reducing the U.S.’s record deficits produced by his administration, President Barack Obama finally offered a plan to deal with the nation’s excessive federal budget deficit. He didn’t do it because he wanted to do it or because he genuinely believes it’s in the…
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U.S. Government Spends More Than Eight Times Monthly Revenues


Monday April 4th, 2011   •   Posted by David Theroux at 10:53pm PDT   •   5 Comments

In “March Madness: U.S. Gov’t Spent More Than Eight Times Its Monthly Revenue,” Terence P. Jeffrey reports at CNSNews.com that the U.S. Department of Treasury has just announced that federal spending for the month of March was more than eight times revenues received. The U.S. Treasury has released a final statement for the month…
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The BIG FOUR Enter the Discourse of Debt


Monday April 4th, 2011   •   Posted by Emily Skarbek at 7:13am PDT   •   0 Comments

No, I am not referring to the Allied Leaders in WWI, college basketball, or the top accounting firms in the U.S. The BIG FOUR of the Budget are Medicare, Medicaid, Social Security and Defense. Together they make up around 65% of non-discretionary spending. Today, the New York Times and Wall Street Journal are running…
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Will Disaster-Ravaged Japan Now Sell Off $886 Billion of U.S. Debt?


Friday March 25th, 2011   •   Posted by David Theroux at 5:42pm PDT   •   0 Comments

Seth McLaughlin at the Washington Times reports in “Fears rise that Japan could sell off U.S. debt” of the growing concerns that the earthquake, tsunami, and nuclear disasters and now economic crisis in Japan could trigger a major sell-off of there of its huge holdings of U.S. government debt. As of January, Japan is…
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The U.S. as Welfare State: Government Entitlements Now 35% of Wages


Monday March 14th, 2011   •   Posted by David Theroux at 9:34pm PDT   •   6 Comments

In “Is the U.S. Becoming a Welfare State?”, Daniel Indiviglio reports in The Atlantic that U.S. government entitlement programs now account for a whopping 35% of wages, up from 26% in 2008. Uncle Sam has been aggressively increasing Americans’ allowance recently. Government entitlement programs have grown to account for 35% of wages, according to…
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