Government Default – It’s Going Around

rescue

At the end of June 2015, Puerto Rico’s governor announced the Commonwealth was unable to repay the $72 billion in bonds and obligations it has amassed.  The debt load owed by the 3.6 million Puerto Ricans is $20,000 per capita.  In comparison, the current debt crisis in Greece is more severe at $28,475 in per […]

DOJ’s Twisted Logic: Rigging Auctions Promotes Competition

Man Walking Steps

It is with total disbelief that I write about a recent letter from the United States Department of Justice (DOJ) to the Federal Communications Commission (FCC) on the rules for the upcoming “competitive” Spectrum auction. In the letter, the DOJ – the United States’ chief antitrust and law enforcement agency – writes in support of […]

The Food Nanny’s Agenda

crops

Assessments of health risk and a proper role for certain foods have been unreliable and sometimes self-defeating.  Government agencies charged with protecting and advising consumers seem to approach the task as true believers.  They act with the conviction of freshly minted deacons in pursuit of whatever chapter of the health catechism they are told to […]

Cyber-Attack Detection is Difficult, Needs Monitoring

computer spy

Despite cyber-prowess and a staggering and secret budget, US intelligence agencies appeared unable to halt a deep and sustained invasion of sensitive federal information.  In May, an attack hit the IT system of the Office of Personnel Management (OPM) and its data stored at the Department of the Interior’s data center. Information for about 4 […]

ACA Is a Crisis We Must not Waste

doctors scope

Under the Affordable Care Act (ACA), premium subsidies of health care insurance are available to low income and some moderate income families.  ACA’s plain wording says the subsidies are available to states that operate their own exchange.  ACA was intentionally structured in that way to induce states to operate a health insurance exchange. Subsidies are […]

The Unseemly Scuffle over Trade

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The Trans Pacific Partnership (TPP) evolved from discussions starting in 2005.  The goal was to promote freer trade through treaties including in agriculture, intellectual property, services and investments, where the US has a comparative advantage.  Any resulting treaties would ostensibly allow our trading partners to import in areas where they excel, while Americans export goods […]

USPS – Goes Through the Motions

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For 2014, the U.S. Postal Service (USPS) revenue grew by $569 million and packages delivery grew a healthy 9%, but USPS loses totaled $5.5 Billion.  The loss is in line with the $5.7 billion in pre-funded retiree benefits that Congress requires it to pay.  In the period 2010 through 2014, USPS lost a cumulative $40 […]

Patients Role in $1 Trillion in Annual Costs

doctors scope

A widely reported study of the Milliman Medical Index estimates that the typical family of four covered by employer-provided health insurance in a preferred provider organization (PPO) will spend almost $25,000 for health coverage and services in 2015.  That includes premiums paid by employer and employee, as well as all the out of pocket costs. […]

Don’t tax the Internet

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Up for vote in the House tomorrow is a bill introduced earlier this year to make the ban on Internet taxes permanent (H.R. 235 or the “Permanent Internet Tax Freedom Act”).  The tax moratorium was first passed in 1998, creating a 15-year ban on the taxation of Internet access. The bill has been continually extended […]

Savings from a Trillion in Health Costs

drug vials

Some of the government decisions that push Americans toward the brink of sanity are in healthcare policies that can and should be reversed.  With forethought and some political courage, better health policies can be adopted that allow consumers to make better arrangements and save substantially.  The following opportunities call for smarter government policies – they […]