And if the history with the SGR is a predictor of the ACA’s productivity adjustment’s ability to constrain payments to providers, Medicare spending will likely be significantly higher in the long run than is currently projected with the baseline forecast.
Prime Minister Cameron’s decision to go “all out for shale” is a welcome sign and will aid in reversing the trend away from energy independence. If done correctly, increased energy exploration will also help the economic recovery gain strength.
Contrary to the popular argument that we live in an age of austerity, we live in an age of extraordinary opportunity. Yet we block progress by refighting yesterday’s battles. In 2009 every dollar of revenue had been committed before that Congress walked in the doors of the Capitol.
Increasing our exports of liquid natural gas would help Ukraine and our other allies who are dependent on Russia for energy. It would hit Russia where it hurts, in the wallet. It would also help the American economy.
In 1996, when President Clinton signed the Personal Responsibility and Work Opportunity Reconciliation Act (better known as “welfare reform”), I was a twenty-three-year-old liberal. After reading a series of ominous predictions about how poor single mothers would fare in the wake of welfare reform, I could not forgive this act of cruelty.
The U.S. initial public offering market is back. What has not recovered, however, is the number of new and smaller companies going public. Of the 165 IPOs so far this year, less than 7 percent were valued below $50 million.