Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing its debt to soar. The total amount of federal debt held by the public is now equivalent to about 74 percent of the economy’s annual output, or gross domestic product (GDP)—a higher percentage than at any point in U.S. history except a brief period around World War II and almost twice the percentage at the end of 2008.
If current laws remained generally unchanged in the future, federal debt held by the public would decline slightly relative to GDP over the next few years, CBO projects. After that, however, growing budget deficits would push debt back to and above its current high level. Twenty-five years from now, in 2039, federal debt held by the public would exceed 100 percent of GDP, CBO projects. Moreover, debt would be on an upward path relative to the size of the economy, a trend that could not be sustained indefinitely.
I did not hear about this. I guess the Democrats aren't letting the media talk about this, but tucked in the last Medicare bill was a small provision that lifted the deductible caps on some group plans.
The legislative fix – which drew little attention because it sailed through Congress tucked into a larger Medicare bill – lifted the limits on deductibles for health insurance plans covering small employers with fewer than 50 workers. Under the ACA, those deductible could not exceed $2,000 for an individual or $4,000 for a family.
Now those deductible caps are gone, but it's not clear how soon small employers will see the impact since health insurers are currently selling plans that conform to the ACA deductible limits. Generally, the higher the deductible the lower the premium, so lifting the cap could make small employer health plans more affordable.
Not sure how I feel about this. It makes the small employer plans more affordable, but they still have to provide the ridiculous coverages, so I think it could mean that the working man will once again get the worst of both worlds. High prices combined with high deductibles.
Guy enters an intersection, gets creamed by a Homeland Security van flashing blue and white lights that turns left in front of him. They swarm him, screaming that he should have seen the lights, and fill out reports all insisting that Guy ran a red light.
The other driver was “Ted,” of Lawrence, New York, a technology blogger for dealspin.com. He had recently installed a Timetec Roadhawk Dashboard Camera in his vehicle, capturing the windshield’s view of the road. Ted was driving down Rockaway Boulevard last week when he cruised through a green light at an intersection and crashed into an oncoming border patrol van that had made a left turn from the other side of the highway,according to ABC News.
The vehicles displaying blue, green, or amber lights are not authorized emergency vehicles. Their drivers must obey all traffic laws. While you are not required to yield the right-of-way, you should yield as a courtesy if you can do so safely.
No doubt that every single guy in the van has suffered back injuries and will now qualify for permanent disability.
[Jordan] Klaffer is a gun owner who frequently fires his gun at objects on private property.
On May 1, 2013, Jerry Bledsoe, a police officer, confronted Klaffer while responding to a noise complaint. Klaffer videotaped the interaction, where Bledsoe issued an ultimatum to Klaffer to surrender his guns or be arrested. Klaffer refused to give up his guns and was arrested for disturbing the peace.
To express his opinion that Officer Bledsoe was using his position to harass him for exercising his Second Amendment rights, Klaffer posted recordings of the May 1 encounter on YouTube and Facebook. And, on Instagram, he posted a picture of Bledsoe alongside a photo of Saddam Hussein, with the caption “Striking Resemblance.”
Officer Bledsoe retaliated by obtaining a court order that prevented Mr. Klaffer from posting videos, pictures, and text data criticizing Officer Bledsoe on the Internet. “A government order prohibiting criticism of government is the worst kind of censorship,” explains Tony Rothert, legal director of the ACLU of Missouri.
The ACLU is fighting it, and it seems pretty unlikely it will stand. (This time.) The blogger points out that laws that were passed to keep us from talking to people that did not want to talk to us (Harassment, stalking) are now being used to keep us from talking about people.
The Environmental Protection Agency's inspector general found 75 of the 80 transactions it examined involved waste, fraud or abuse
The EPA's Office of Inspector General found $79,254 in 'prohibited, improper or erroneous' spending in a sample of $152,602 in transactions. And more than 93 per cent of the time the employees used the cards, they 'were not in compliance with EPA policies,' the IG wrote.
'These transactions represented purchases of gym memberships, food [and] hotel space,' according to the report. And many purchases were 'split' among two or more transactions in order to avoid spending more than $3,000 at a time – an amount that should trigger more extensive scrutiny.
As part of its economic and budgetary projections, CBO estimates past and future potential output—also called potential gross domestic product (GDP), and defined as the maximum sustainable amount of real (inflation-adjusted) output that the economy can produce. For various reasons, CBO’s projections for potential GDP in a specific year can change over time. This report examines a change in CBO’s projections of potential output for the year 2017, comparing the projection it published in January 2007 with the one it released in February 2014. From the earlier projection to the more recent, CBO’s projection for potential output in 2017 declined by 7.3 percent....
There is no scientific evidence that human activity is causing the planet to warm, according to Greenpeace co-founder Patrick Moore, who testified in front of a Senate committee on Tuesday.
Moore argued that the current argument that the burning of fossil fuels is driving global warming over the past century lacks scientific evidence. He added that the Earth is in an unusually cold period and some warming would be a good thing.
“There is no scientific proof that human emissions of carbon dioxide (CO2) are the dominant cause of the minor warming of the Earth’s atmosphere over the past 100 years,” according to Moore’s prepared testimony. “Today, we live in an unusually cold period in the history of life on earth and there is no reason to believe that a warmer climate would be anything but beneficial for humans and the majority of other species.”
Raising the federal minimum wage to $10.10, as President Barack Obama and Democrats in Congress are proposing, could result in about 500,000 jobs being lost by late 2016, the Congressional Budget Office estimated on Tuesday.
The nonpartisan CBO also said that increasing the hourly wage could reduce U.S. budget deficits by a small amount for several years, but then increase them slightly in later years.
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