The latest CBO scoring of Obamacare, in the wake of the Supreme Court’s 5-4 decision upholding the overhaul’s individual mandate as an allowable (although seemingly unprecedented) tax on inactivity, shows that President Obama’s centerpiece legislation would cost about $2 trillion over its real first decade (2014 through 2023). The CBO also says that — despite its colossal cost and its unpreced
The federal government has been making the case that, with food stamps, "everyone wins," according to literature meant to promote the federal social welfare program. The argument is that accepting food stamp benefits helps to promote economic growth for the communities hosting those recipients.
While most of Washington is waiting around, nervously chewing on its fingernails in anticipation of the Supreme Court's Obamacare decision (may I have the envelope, please), there are some who are still in the fight. As Melissa Healy writes in the Los Angeles Times:
The eurozone might be cracking up, but as far as debt goes, America appears to be in worse shape than the entire eurozone in the long run. According to a new chart set to be released later today by the Republican side of the Senate Budget Committee, America is on track "to add three times more debt than [the] eurozone over [the next] 5 years."
"We will lose some of our shareholders’ money — and for that, we feel terrible — but no client, customer or taxpayer money was impacted by this incident. We have let a lot of people down, and we are sorry for it."
The mayor of New York does not believe that a willing buyer in search of a 32-ounce soft drink and a willing seller of the same should be allowed to make the deal. This, in a city that is famous for deals that involve quite a bit more than a few pints of sugar water and do a whole lot more societal damage. But never mind. People may have gone bust when Lehman went toes up, but nobody got obese as a result of its over-indulging in credit default swaps.
This month, the Los Angeles city council is expected to ban single-use plastic bags. “[T]he ban is an attempt by the city to reduce litter,” says the Los Angeles Daily News. But it is likely to reduce something else: jobs.
"Independent agencies" occupy an odd corner of American government. The Consumer Financial Protection Bureau, National Labor Relations Board, Federal Communications Commission, and others are nominally "independent" of the president's control—usually thanks to limits on the president's power to fire the agencies' leaders—and thus enjoy seemingly unlimited discretion to regulate American industry.
Until last week, Mitt Romney had trouble getting potential voters to care so much that they would crawl over ground glass to get to the polling station and vote for him. But now, the man and moment may have come together, thanks to employees of the General Services Administration and the Secret Service.
Last Friday, President Obama asked Congress for the power to consolidate government agencies, saying he’d start by rolling Commerce and five lesser departments into a single business and trade department.