Let’s stipulate that income inequality is at staggering levels in the U.S., and that income concentration at the top has probably risen (probably). But is it true that the rich have “devoured the American economy”, that they have “conquered” it, or that “the rich aren’t just grabbing a bigger slice of the income pie—they’re taking all of it”?
The federal government's fiscal year ends on September 30, concluding the month-long spending spree known as "use it or lose it" season in Washington--resulting in a slew of questionable purchases this month. There should be a way to save last-minute unspent dollars, rather than spending them.
Northern Virginia is growing, and its transportation infrastructure should grow with it. However, there are better, cheaper alternatives to the $5.7 billion Silver Line, and the savings can be used in many more productive ways.
On August 28 the New York Times published a provocative article entitled “Medicare: Not Such a Budget Buster Anymore.” Its thesis was that Medicare no longer poses the budgetary threat it was projected to just a few years ago. However, the financial problems caused by rising Medicare spending are far from solved.
In their new release, the "2014 International Tax Competitiveness Index," Kyle Pomerleau and Andrew Lundeen of the Tax Foundation provide a holistic view of the 34 OECD countries' business tax systems. Their conclusion: in terms of its corporate tax rate, the United States has little to celebrate.
Now in his sixth year in office, President Obama has made it clear he is not interested in serious reform of the major spending programs that are causing, and will continue to cause in the future, so much fiscal distress for the federal government.
As we honor the memories of those who died on Sept. 11, 2001, we owe it to ourselves to prepare for future attacks. That means a strong defense and a budget that leaves us equipped for emergencies. Otherwise, another 9/11 could wreck the economy.
Back in February, when CVS announced that it would stop selling tobacco products, I wrote that CVS was looking for something in return: more access to the lucrative Affordable Care Act health care market. Now the New York Times is reporting that the "drugstore chain seeks to redefine itself as [the] health care destination for consumers."
It was revealed on Friday that the emails of Lois Lerner, director of exempt organizations at the IRS, were backed up on federal government equipment and have been available to congressional investigators all along-if the administration had only chosen to produce them.