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NEWS and OPINIONS by BILL STANLEY

Cost To Taxpayers Of Nonelderly Adult Immigrants Without High School Diplomas

(24 Sept 2016) Nonelderly adult immigrants without high school diplomas will create an average net fiscal cost (benefits received minus taxes paid) in both their generation and their second generation of $231,000 (present cost ... amount the government would have to invest today at inflation plus 3% to cover the net cost over the next 75 years). The cost over that period would be $640,000 in constant 2012 dollars. 4 million of this category of immigrants have arrived since 2000 and continue to reside here. The net present cost of these immigrants is $924 billion. (Source: National Academies of Sciences, Engineering and Medicine)

California To Start Regulating Cow Farts And Poop

(24 Sept 2016) A few years ago, California installed sensors to measure methane and hydrofluorocarbon gases resulting from cow farts and poop at dairy farms. Gov. Moonbeam signed Senate Bill 1383 on Sept. 19 to require the State Air Resources Board to regulate these "short-lived climate pollutants". The legislature declared these gases are "powerful climate forcers that have a dramatic and detrimental effect on air quality, public health and climate change". The requirement is 40% below the levels that existed statewide in 2013. Implementation of a Board-approved strategy must begin by 1 Jan. 2018. (Source: 19 Sept 2016 California Legislative Information)

Clinton Foundation Is A Fraud

(22 Sept 2016) The 65-page 2014 IRS Form 990 filed by the Bill, Hillary & Chelsea Clinton Foundation shows $7.8 million was spent on travel and $5.2 million on charitable grants (only 5.7% of its 2014 budget). $34.8 million was spent on salaries, compensation and employee benefits. (17 Sept 2016 Daily Caller)

Production Of Cars Moving To Mexico

(18 Sept 2016) In early 2017, Fiat Chrysler will stop making cars in the U.S. -- will only make pickup trucks and SUVs in the U.S. Cars will be made in Mexico and Canada. The average manufacturing hourly wage in Mexico is $2.20, compared to $20.46 in the U.S. Ford will start making all its small cars in Mexico over the next 2 to 3 years. (Sources: 28 July 2016 USA Today, 14 Sept FOX Business)

National Public Debt Continues To Soar

(18 Sept 2016) During the 91 full months of Czar Obama's reign, the national public debt increased by $8.88 trillion to $19.51 trillion, at an annual rate of $1.17 trillion. During Bush's 95 full months, the debt increased $4.98 trillion at an annual rate of $0.63 trillion. Obama's rate is 1.86 times Bush's. Bush was bad ... Obama is horrible.

3 Most Liberal Cities With Over 250,000 Residents

(18 Sept 2016) San Francisco, followed by Washington D.C. and Seattle. (Source: The Economist)

Chicago Is Scary Place

(3 Sept 2016) So far this year, Chicago (population 2.7 million) has recorded more people shot and more homicides than LA and NY combined (population 12.5 million). (Source: 2 Sept 2016 The Constitution)

The USPS and Democrats Want Taxpayers To Rescue USPS Retirees

(3 Sept 2016) The USPS, an independent agency of the U.S. government, has not received taxpayer dollars since the early 1980s, except for subsidies associated with overseas and disabled voters. The USPS has lost more than $40 billion since 2010, including more than $3 billion in the first 9 months of this fiscal year. It owes tens of billions of dollars for Treasury loans and payments to the Federal Employee Retirement System (FERS). Democrats want to eliminate the pre-funding requirement for benefits and pensions, increasing the risk the USPS will request taxpayers to fund these obligations. Federal law requires private companies to fully fund their pensions, but not retiree health benefits. The USPS has over 600,000 employees and millions of retirees. Congress required funding of their retiree health benefits because the office that manages federal retiree benefits argued the entire federal health benefit fund would otherwise be at risk. (Source: 24 Aug 2016 Townhall)

Obama Care Suffers Another Loss

(30 Aug 2016) In June, Blue Cross Blue Shield of Arizona and Health Net announced they would end coverage in Pinal County. It could become the first county in the U.S. to lose Obama Care coverage as Aetna announced it is pulling out of Arizona. 9700 are presently covered by Obama Care in Pinal County. (Sources: Dept. of Health and Human Services, 16 Aug 2016 12 News KPNX-TV)

Higher Wages And More Unemployment

(28 Aug 2016) D.C. mandated a base wage of $10.50 in July 2015 and restaurants lost 1,400 jobs in the first half of this year. The minimum wage was increased to $11.50 in July 2016. Neighboring suburbs in Maryland and Virginia have lower minimum wages ($8.75 and $7.25, respectively), and restaurants added 2,900 jobs. (Source: 25 Aug 2016 Townhall)

Job Growth Drops To 5-Year Low With Higher Minimum Wage

(28 Aug 2016) Job growth in the Chicago area’s leisure and hospitality sector sunk to a 5-year low after a $1.75 an hour minimum wage hike (from $8.25 to $10) went into effect in July 2015. The annual growth was only 1.1% for the Sept-Nov 2015 period. Bay Area leisure and hospitality job growth also slumped to a 5-year low after San Francisco and Oakland adopted the highest city minimum wage in the country ($12.25 an hour) in the spring of 2015. After rising close to 5% a year, leisure and hospitality industry hiring slowed to just 2.2% in the Sept-Nov 2015 period compared to a year earlier in the Bay Area. Meanwhile, employment rose 4.9% compared to a year earlier in the rest of California. (Source: Bureau of Labor Statistics, 4 Jan 2016 Investor's Business Daily)

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This site is © Copyright Bill Stanley 2010-2016, All Rights Reserved. billstan3@yahoo.com.
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