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NEWS and OPINIONS by BILL STANLEY
Will Trump Slow The Bush / Obama Increases In The National Public Debt? No.
(7 Sept 2018) During Bush's 95 full months, the debt increased at an annual rate of $630 billion. During Obama's, the annual rate was $1.180 trillion. During Trump's 18 full months, the annual rate was $961 billion. In FY 2012, interest on the national debt was $360 billion and in FY 2017 it was $459 billion. In the first 11 months of FY 2018 it was $494 billion.
Medicare For All $3 Trillion Per Year Increase In Spending
(20 Aug 2018) Providing Medicare for everyone would increase government spending by $32.6 trillion for a 10-year period (2022-2031). Other studies of socialist Bernie Sanders 2016 plan ranged from $24.7 to $34.7 trillion. (Source: 30 July 2018 Associated Press News)
Politicians Set Higher Wages And Employees Lose Jobs
(20 Aug 2018) N.J. has a minimum wage of $8.60. People who support a more authoritarian government want $15 by 2024. A study completed in May concluded 31,889 jobs would be lost 10,473 age 16-19 4,900 age 20-24. (Source: May 2018 Employment Policies Institute)
61,000 More 401(k) Accounts Worth $1 Million
(18 Aug 2018) When Trump took office, there were 107,000 401(k) accounts with a balance of at least $1 million. Now, there are 168,000. (Source: 16 Aug 2018 CNBC)
(18 Aug 2018) A total of 57,820 known or suspected aliens were in DOJ custody at the end of FY 2018 Q1. Of this total, 42,284 people had been confirmed by U.S. Immigration and Customs Enforcement (ICE) to be aliens. Approximately 16,233 aliens in USMS custody required housing in state, local, and private facilities, which cost $1.46 million a day. Criminal aliens arrested in Texas between 2011 and 2018 who had prior interaction with DHS resulting in the collection of their fingerprints: more than 663,000 criminal offenses; 1,351 homicides; 7,156 sexual assaults; 79,049 assaults; 815 kidnappings; 44,882 thefts. (Source: 7 June 2018 Dept. of Justice)
Obama Care Keeps Getting Worse
(10 June 2018) Maryland Obama Care insurers CareFirst, BlueCross and BlueShield plan to raise rates on the exchanges for 2019 by 18% for an HMO plan and 91% for a PPO plan. Kaiser Permanente, the states other Obama Care insurer, asked for a rate increase of 37%. (Source: 8 May 2018 Washington Examiner)
Another $3 Billion Per Year From California Taxpayers To Illegal Aliens
(10 June 2018) Health committees in Californias Assembly and Senate have passed bills to provide Medicaid benefits to adult illegal aliens minor illegal aliens already qualify. The annual cost may be $3 billion. (Source: 21 May 2018 POLITICO)
The Longer Congress Delays, The More Drastic The Solution Will Have To Be
(9 June 2018) The Medicare Part A Trust Fund (hospital, home health following hospital stay, skilled nursing facility and hospice care) is estimated to be $0 in 2026, 3 years earlier than predicted last year. In 2026, revenues will be sufficient to pay 91% of costs and decline to only 78% in 2039. (Source: 2018 Social Security and Medicare Boards of Trustees Annual Report)
Expensive Renewable Electricity In California
(10 May 2018) Texas produces more than twice the amount of wind, solar and other renewable electricity as California, while Californias retail electric rates were 89% higher than Texas in 2017. (Source: 7 May 2018 Forbes)
157 Federal Welfare Programs
(29 Apr 2018) In 2011, there were 157 federal programs that supplied benefits to low-income people $60,000 per household that was below the poverty level. The median income of all households in the U.S. was $50,054, lower than welfare households average benefits. Medicaid was the largest a combined federal and state cost of $434 billion to 69 million people. Food stamps was second federal cost of $78.4 billion in 2012 to 46.6 million people. (Sources: Catalog of Federal Domestic Assistance, Carleson Center for Welfare Reform).
More Working-Age Immigrants On Medicaid And Food Stamps Than Native-Born
(21 Apr 2018) Immigrants are increasingly better-educated, but are also increasingly not entering the workforce. Nearly 17% of recent immigrants in prime working age are on Medicaid and nearly 13% receive food stamps, exceeding rates for native-born residents. (Sources: Center for Immigration Studies, 18 Apr 2018 Washington Times)
California Wages War Against Coffee
(2 Apr 2018) The war against cigarettes started with warning labels and progressed to attempting to abolish cigarettes with ever-increasing taxes. Now, coffee is the target. Californias Safe Drinking Water and Toxic Enforcement Act requires companies to post an ominous warning label for products that contain chemicals that can cause cancer, including acrylamide. It is produced in the coffee roasting process. Attorneys can sue on behalf of the state and keep some of the civil penalties. The Council for Education and Research on Toxics (CERT) sued approximately 90 companies. The CERTs attorney drinks a few cups of coffee a day. Nearly half of the companies have agreed to post warnings. 7-Eleven, BP West Coast Products (gas station convenience stores) and Yum Yum Donuts Inc. agreed to pay $900,000, $675,000 and $250,000 respectively. In the first phase of the trial, the judge ruled the companies failed to show that the level of acrylamide wont result in one additional case of cancer for every 100,000 people who drink coffee. In the second phase, the judge ruled the companies are not entitled to a less strict standard because they failed to show health benefits from drinking coffee. The third phase will determine civil penalties. In 2016, the International Agency for Research on Cancer (cancer agency of the World Health Organization) removed coffee from its possible carcinogen list. (Source 29 Mar 2018 Associated Press)
Medicare Has Not Been Good Plan For Me
(29 Mar 2018) If my Medicare taxes and premiums had been placed in a private account and earned no interest, my Medicare premiums would have paid for my Medicare benefits. When I die, my heirs would receive $47,000. Instead, they will receive nothing from Medicare.
Social Security Is A Terrible Retirement Plan
(29 Mar 2018) If my Social Security taxes had been placed in a private account and earned only 4.50% per year, the current monthly income would be equal to the monthly after-tax payment I receive. When I die, my heirs would receive $339,000. Instead, they will receive nothing from Social Security.
California Will Probably Force Taxpayers To Buy Houses For Homeless
(28 Mar 2018) In 2017, the estimated homeless people in 49 states decreased by 12,322. There was an increase of 16,135 in California. (Source: Dept. of Housing and Urban Development)