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NEWS and OPINIONS by BILL STANLEY

$455 Billion In Medicare Cuts To Help Pay For Obama Care

(15 Mar 2015) Medicare spending will be cut $455 billion over the next 10 years to help fund Obama Care. Most of the Medicare cuts will be achieved by reducing fees paid to doctors and hospitals. (Source: Congressional Budget Office)

USDA Has 15 Food Assistance Programs That Cost $109 Billion In FY 2013

(15 Mar 2015) The Dept. of Agriculture has 15 food assistance programs that cost $108.9 billion in fiscal 2013. The average participants were: food stamps (SNAP) 47.6 million; School Lunch 30.6 million; School Breakfast 13.1 million; and Women, Infants and Children (WIC) 8.7 million. (Source: Feb 2014 Dept. of Agriculture)

Social Security Is A Terrible Retirement Plan

(15 Mar 2015) If my Social Security taxes had been placed in a private account and earned only 4.48% per year, the current monthly income would be equal to the monthly after-tax payment I receive. When I die, my heirs would receive $340,000. Instead, they will receive nothing from Social Security.

National Public Debt Continues To Soar

(8 Mar 2015) During the 73 full months of Czar Obama's reign, the national public debt increased by $7.52 trillion to $18.16 trillion, at an annual rate of $1.24 trillion. The increase in the last 12 months was $0.69 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 1.96 times Bush's. Bush was bad ... Obama is horrible.

Czar Obama Wants Higher Costs To Transport Oil Rather Than XL Pipeline

(8 Mar 2015) Oil shipments by rail increased from 9,500 carloads in 2008 to 500,000 in 2014, driven by production in North Dakota and Montana, where pipeline limitations force 70% of the crude to move by rail. Ruptures and fires have prompted Czar Obama to consider requiring upgrades such as thicker tanks, shields to prevent tankers from crumpling, rollover protections and electronic brakes that could make cars stop simultaneously, rather than slam into each other. (Sources: Association of American Railroads, 6 Mar 2015 Fox News)

Amtrak Has Never Made A Profit

(8 Mar 2015) Amtrak started operating in 1971, receiving $40 million in federal taxpayer subsidies. Amtrak claimed it would reach the break-even point by 1974. Amtrak has never reached break-even in any year. Since 1981, Amtrak has been required to end its food / beverage service losses, but the law has not been enforced. From fiscal year 2006 through 2012, the food / beverage service lost $609 million. Amtrak sells hamburgers for $9.50 that cost $16.15. (Sources: Amtrak Inspector General, 26 Feb 2015 Daily Signal)

Less Than 1% Of Vehicles Sold Were All-Electrics Or Hybrids

(3 Mar 2015) In 2014, only 0.6% of the 12.5 million vehicles sold in Europe were all-electrics or hybrids. (Source: 3 Mar 2015 Associated Press)

Czar Obama Doesn't Just Hate Coal

(3 Mar 2015) Production of oil and natural gas on federal lands fell by 19% from 2009 to 2013. Production in federal waters in the Gulf of Mexico, Alaska and California fell by 18%. Production from federal land was 33% of the county's entire output in 2009, but only 25% in 2013. (Source: 5 Feb 2015 Manhattan Institute for Policy Research)

Socialist France Has Highest Corporate Tax Rate ... U.S. Is Second

(3 Mar 2015) France (the executive branch is currently composed mostly of the French Socialist Party) imposes a 36% marginal effective corporate tax rate, the highest in the world. The authoritarian U.S. has the second highest rate at 35.3%. South Korea, Japan and Germany's corporate tax rates are 30.1, 29.3 and 24.2, respectively. The G-20 nations (19 large countries and the European Union (EU)) account for 85% of the world's economic output and has an average of 26.2%. When the average state levy is added, the U.S. corporate tax rate is 39.1%. (Sources: Tax Foundation, 27 Feb 2015 National Center for Policy Analysis)

College Grads Do Not Catch Up To High School Grads Until 40 Years Old

(3 Mar 2015) College graduates earn an average of $830,800 more over their lifetimes than high school graduates. However, high school graduates are earning income while many college students are borrowing money. Also, 260,000 with college or professional degrees were making no more than the federal minimum wage of $7.25 per hour in 2013. On average, college graduates do not catch up to high school graduates until they are about 40 years old. (Sources: Federal Reserve Bank of San Francisco, Bureau of Labor Statistics)

Mississippi More Than Twice As Dependent On The Federal Government As Alaska

(22 Feb 2015) In fiscal 2012, Mississippi obtained 45.3% of its total state general revenues from the federal government ... Louisiana 44.0% ... Tennessee 41.0%. On the other end of the spectrum, Virginia 23.5% ... North Dakota 20.5% ... Alaska 20.0%. (Source: 8 Jan 2015 Tax Foundation)

National Public Debt Continues To Soar

(22 Feb 2015) During the 72 full months of Czar Obama's reign, the national public debt increased by $7.45 trillion to $18.08 trillion, at an annual rate of $1.24 trillion. The increase in the last 12 months was $0.79 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 1.97 times Bush's. Bush was bad ... Obama is horrible.

Why Are They Getting Student Loans?

(21 Feb 2015) In 2012, 44% who had just completed a 4-year college degree ended up in jobs that didn't require their degree. Only 10 of the 30 occupations expected to produce the most jobs by 2022 require any formal education past high school. Only 5 require a bachelor's degree. (Sources: Bureau of Labor Statistics, 15 Jan 2015 Real Clear Education)

Increase In Immigrants Greater Than Increase In Jobs

(21 Feb 2015) 18 million legal and illegal immigrants arrived in the U.S. from 2000 to 2015. After subtracting deaths, departures and retirement, the working-age population of immigrants grew 12 million (equal to 3 years of American births) while only 9.3 million additional jobs were created. (Sources: Bureau of Labor Statistics, Center for Immigration Studies, 10 Feb 2015 Daily Caller)

Earned Income Tax Credit Program Is Actually A Cash Welfare Program

(21 Feb 2015) A total of $64.1 billion in Earned Income Tax Credits (EITC) was claimed in 2012. Because the credits are refundable, EITC recipients need not owe taxes to receive the benefits. $56.2 billion was paid by the IRS in excess of the net taxes the recipients owed. Only $7.9 billion was used for tax reduction. $56.2 billion was actually a welfare program. (Source: 9 Feb 2015 CNS News)

Tax Revenues Are Never Enough For Politicians

(21 Feb 2015) During the first 4 months of fiscal 2015, federal tax revenues hit a record $1.05 trillion, up 8.7% from a year earlier. Spending was $1.24 trillion, up 8.3%. (Sources: 11 Feb 2015 U.S. Treasury, 11 Feb CNS News, 11 Feb Associated Press)

July 2012 CBO Enrollee Projections Of Obama Care Compared To Actuals Through Sept. 2014

(21 Feb 2015) Employer sponsored insurance (CBO -2 million, actual -4.9 million), individual market (+8 million, +5.8 million), Medicaid / CHIP (+6 million, +7.5 million), percentage of net gain due to Medicaid / CHIP (50%, 89%). ((Sources: Heritage Foundation, 12 Feb 2015 Daily Signal)

87% Of Obama Care Enrollees Get Subsidies ... $268 Per Month Average

(21 Feb 2015) 87% of federal exchange HealthCare.gov enrollees get subsidies from taxpayers ... 94% in Mississippi and 93% in Florida. The average subsidy is $268 a month. (Source: 9 Feb 2015 Dept. of Health and Human Services)

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