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Americans’ out-of-pocket spending increases under Obamacare

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American health care is the one of the most highly regulated industries in the country, which is the primary reason why it has become so expensive, but progressives’ “solution” to high health care costs is always more government regulation It turns out there is little that is “affordable” regarding the Affordable Care Act. The law that has been nicknamed after the president continues to ravage both the health care industry in general and Americans’ pocket books. What’s more, the administration’s claim that health care costs are falling is premised on a misconception (surprise!). But as Merrill Matthews of the Institute ...

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When progressives hate the minimum wage

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If politicians were serious about making sound economic policy versus trying to buy votes with certain constituencies, there would be no such thing as a government-mandated wage in America “Despite being a progressive living in San Francisco, I do believe in capitalism. I’d like to have the market solve this problem.” So says Brian Hibbs, owner and operator of Comix Experience, a must-visit location for premier comic-book artists and graphic novelists since opening on April Fool’s Day in 1989. What’s he talking about? The city’s recent passage of Proposition J, which won the support of 77 percent of the city’s ...

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Obama’s nationalization of the power grid will hurt consumers

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President Obama’s ‘clean power plan’ is neither good for consumers nor constitutional, but hey, its all about fundamental transformation By John Wood In 1973, the United States Congress passed, and President Richard Nixon signed, the Clean Air Act, which directed the EPA (Environmental Protection Agency) to regulate pollutants emitted into the atmosphere that would “endanger the public health and welfare.” In accordance with that empowerment of the EPA over the practices of private industry and state policy as it concerns carbon emissions, President Obama is in the process of giving new teeth to this requirement via a proposed new policy called ...

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Paying down debt and saving equals real freedom

Piggy bank

By staying debt-free and independent from government services, we can deprive liberal politicians of the opportunity to control our lives By Derek Sun According to a recent economic study released last March by Deutsche Bank, 47% of Americans had a zero or negative savings rate in 2013. Even while there are claims bandied about that the economy is getting better, the recession is over, and the unemployment rate is declining, a disturbing fact is that more and more Americans cannot save sufficient money for retirement and for other purposes. Growing numbers of Americans are living paycheck to paycheck, and look ...

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Government policies since the Great Recession have done little to help the middle class

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The Obama administration is touting its economic prowess but the American people aren’t feeling the love, and for good reason: There isn’t much of it A new survey from the Pew Research Center regarding Americans’ attitudes towards government economic policy since the end of the Great Recession is telling because of its stark contrast with the narrative of the Obama administration. According to the survey, large majorities of respondents believe that government economic policy – which has included the printing of trillions of dollars by the Fed in a bank-oriented scheme known as “quantitative easing” – has largely benefitted corporations and ...

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Thanks to Obamacare, the cost of your healthcare coverage is about to explode

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President Obama made a number of promises about his signature healthcare ‘reform’ law that were simply untrue, but the most dangerous lie of all – that it would reduce costs – is the one that will hurt the most By its very name, the Affordable Care Act, a.k.a. Obamacare, suggests that the law was designed to reduce health care spending. That, is, after all, what “affordable” implies. Then again, one person’s definition of “affordable” may not be the same as someone else’s definition. On the White House’s Affordable Care Act information page, there are lots of things the law is ...

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The Consumer Financial Protection Bureau is already hurting consumers – and taxpayers

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The Consumer Financial Protection Bureau is, like so many Obama-era government creations, inappropriately named, for it is doing little to protect consumers even as it fleeces taxpayers and their banking institutions Most Americans have never heard of it, but the Consumer Financial Protection Bureau is yet another federal agency that was born out of massive legislation, in this case the so-called “Dodd-Frank” financial reform measure of 2010 (neither of these characters, Chris Dodd or Barney Frank, are in Congress any longer, by the way). According to the its web site, the role of the CFPB “is to make markets for ...

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