Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: savings

ObamaCare Replacement Plan Introduced in Congress

This article appeared online at TheNewAmerican.com on Thursday, February 16, 2017: 

Official portrait of United States Senator (R-KY).

Senator Rand Paul

Senator Rand Paul (R-Ky.) and Representative Mark Sanford (R-S.C.) introduced their ObamaCare Replacement Act (ORA) on Wednesday. It would simultaneously repeal nearly all of ObamaCare’s most onerous demands and mandates while opening up the health-insurance market to individuals to purchase, or not to purchase, coverage. The bill, S.222, might more appropriately be named the “Health Insurance Freedom to Purchase Act,” putting the decision to buy, or not to buy, coverage back in the hands of individual citizens and taking it out of the hands of the federal government.

Senator Paul said,

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Study: Savings in Welfare Costs Could Pay for Trump’s Wall

This article appeared online at TheNewAmerican.com on Thursday, February 16, 2017:

On paper, the study entitled “The Cost of a Border Wall vs. the Cost of Illegal Immigration,” published by the Center for Immigration Studies (CIS), seems to make sense:

If a [southern] border wall stopped a small fraction of the illegal immigrants who are expected to come in the next decade, the fiscal savings from having fewer illegal immigrants in the country would be sufficient to cover the costs of the wall.

There are many assumptions built into Camarota’s analysis, but the big one not mentioned is this:

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Bill to Repeal Obamacare Represents Major Paradigm Shift

This article was published by The McAlvany Intelligence Advisor on Friday, February 17, 2017:

English: A Portrait of Thomas Jefferson as Sec...

Thomas Jefferson

Thomas Jefferson said many things on which classical liberals and libertarians agree. The one most apropos to Obamacare is this: “The natural progress of things is for liberty to yield and government to gain ground.”

Anything that requires government force (or threat of) to gain compliance is, on its face, immoral. But Obamacare did something else: it was a deliberate forced attempt to shift personal responsibility for one’s health care from a citizen to his government. Jefferson had this to say about that:

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Trump Pick for Management & Budget Talks Raising Retirement Age

This article appeared online at TheNewAmerican.com on Wednesday, January 25, 2017:

Representative Mick Mulvaney (R-S.C., shown), President Donald Trump’s pick to head up the Office of Management and Budget (OMB), touched the famous “third rail” of American politics during his confirmation hearing on Tuesday. Testifying before the Senate Budget Committee, Mulvaney was pressed hard for his views on Social Security by Senator Lindsay Graham (R-S.C.): “Do you think we need to look at adjusting the [retirement] age yet again because we live longer?”

Replied Mulvaney, “I do, yes sir.”

His response was unsettling to Senator Debbie Stabenow (D-Mich.), who declared,

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Another Setback for Big Taxi: Uber, Lyft OK’d to Serve Atlanta Airport

This article appeared online at TheNewAmerican.com on Monday, January 2, 2017:  

Following months of negotiations with Uber, Lyft and other ride-sharing (e-hailing) companies, the city of Atlanta, which owns and operates the Hartsfield-Jackson Atlanta International Airport (shown), is allowing them to serve passengers effective on Sunday, January 1, 2017.

They have been serving them for months despite restrictions, but those rules were rarely enforced. Now it’s legal.

But not without costs. First,

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Trump Meets With Lockheed CEO About F-35 Cost, Then Asks Boeing to Price Comparable F-18

This article appeared online at TheNewAmerican.com on Friday, December 23, 2016:  

Following his meeting with Lockheed Martin’s CEO Marilyn Hewson (shown) on Wednesday, President-elect Donald Trump asked Boeing if they could beat Lockheed’s price on the frightfully expensive F-35 Joint Strike Fighter . The Pentagon has plans to order 2,443 of the fighter aircraft at a cost of $112 million apiece. That’s $273.6 billion for the total order!

During negotiations with Hewson, Trump learned that, over time, Lockheed could bring down the cost to around $85 million for each aircraft as a result of potential cost savings and manufacturing efficiencies as they build them.

Those negotiations apparently were a lot tougher than those Trump had earlier in the day

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Texas Congressman Proposes “Permanent” Fix for Social Security

This article appeared online at TheNewAmerican.com on Saturday, December 10, 2016:  

Congressman Sam Johnson (R-Texas), chairman of the House Ways and Means Social Security subcommittee, presented his plan, the “Social Security Reform Act,” on Thursday, which he called “a plan to permanently save Social Security.”

His proposal involves the same solutions often proposed by others trying to keep Social Security from going broke: cutting benefits, raising the retirement age, adding “means” testing, and cutting or eliminating altogether the COLA — Cost of Living Adjustment.

According to Michael Linden, an associate director at the liberal Center for American Progress, the cuts to benefits would be severe — between 11 percent and 35 percent — and they would include those already receiving Social Security benefits. Social Security actuaries who analyzed Johnson’s plan (at his request) came up with different numbers: Cuts would range from 17 percent to 43 percent but over a longer time period and with the same conclusion: everyone in Social Security (with the exception of the lowest-income participants) would take a hit under Johnson’s plan.

Nowhere in Johnson’s plan is any mention of privatizing the program, which is surprising, as it was a topic of discussion during the Republican presidential debates. Rand Paul, Mike Huckabee, Rick Perry, and Ted Cruz all expressed their support for privatizing Social Security as the best way to solve its myriad problems.

Here are some of those problems:

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Fully Self-driving Cars by 2021, Says Ford CEO

This article appeared online at TheNewAmerican.com on Thursday, August 18, 2016:  

On Tuesday, during a hectic day of media interviews about the coming revolution being caused by autonomous vehicles (AVs), Ford’s CEO Mark Fields told Wall Street analysts that such vehicles “could have just as significant an impact on society as [Henry] Ford’s moving assembly line did 100 years ago.” He told workers at a Ford plant in Palo Alto, “This is a transformational moment in our industry … it is a transformational moment in our company. We are making people’s lives better by changing the way the world moves.”

He said that his company’s foray begins with e-hailing services such as Uber and Lyft and will expand to the consumer market by 2021 if not sooner.

He’s not alone.

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What Happens After Venezuela Destroys its Currency?

This article appeared online at TheNewAmerican.com on Friday, April 29, 2016:  

English: THE KREMLIN, MOSCOW. At a joint press...

Hugo Chavez and Vladimir Putin

Venezuela is unable to pay its currency printers. Those printers have been flying in planeloads of currency in the middle of the night, landing at airports where it is offloaded onto trucks to be dispersed to banks throughout the country. In other words, Venezuela doesn’t have the money to pay for its money.

The destruction of the currency, the bolivar fuerte (“strong bolivar”), has been documented at The New American and elsewhere. When oil prices dropped, so did revenues to fund the various socialist welfare schemes put in place by the communist Hugo Chávez and continued by his protégé, Nicolás Maduro, at Chavez’s passing in March 2013. Instead of reining in those unaffordable programs, socialist economists instead decided to print their way out of the crisis.

The results were predictable, and catastrophic.

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Low Gas Prices Are Igniting Pushes for Increased Gas Taxes

This article was published by The McAlvany Intelligence Advisor on Monday, February 8, 2016:  

For politicians with insatiable appetites for other peoples’ money, the best time to mulct taxpayers is when they aren’t paying attention. Especially when they are already enjoying savings of an estimated $550 a year in lower gasoline costs.

Most drivers have no clue as to what they pay in taxes when they fill up at the pump. Unless they live in California

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Low Oil Prices Are Tempting Politicians to Raise Gas Taxes

This article appeared online at TheNewAmerican.com on Monday, February 8, 2016:  

The White House announced Thursday that the president would be asking Congress to raise taxes on imported oil by $10 a barrel to be used to fund what the Wall Street Journal describes as “new green transportation projects.” The new taxes to be levied on oil companies will be passed down to motorists who will enjoy the opportunity to help the president fund those new projects by 22 cents per gallon every time they fill up.

The danger isn’t that the president’s bill has any chance in the Republican-controlled Congress, this being an election year and all. What is dangerous is that

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Obama Budget Proposal Designed to “Challenge” Republican Congress

This article first appeared online at TheNewAmerican.com on Monday, February 2, 2015:

On the day after Super Bowl Sunday, President Obama, knowing that an offensive strategy most likely wins the game while a purely defensive strategy guarantees losing it, is challenging the new Republican-controlled Congress with his offensive 2016 budget proposal starting October 1. He is daring them to play defense without appearing to favor the ultra-rich, so-called trust-fund babies, and corporations parking billions in earnings abroad to avoid high rates of corporate taxation here.

Besides, in a preview of this strategy on Saturday during his radio address, the president said he thinks

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Gas Prices: How Much Lower and Longer?

This article first appeared online at TheNewAmerican.com on Friday, December 5, 2014: 

On November 17, gas prices had dropped to $1.9...

It made headline news when a OnCue Express station in Oklahoma City dropped its price for regular unleaded gasoline to $1.99 gallon on Wednesday. What didn’t make the headlines is what happened next: Drivers seeking to save a few pennies created long lines at OnCue, and so another station down the street, responding to the competition, cut its price to $1.98 a gallon. By the end of the day, another station located in nearby Moore, Oklahoma, cut its price to $1.95 a gallon. 

Gas wars are back, helping consumers and providing living, breathing proof that, despite everything, the free market still works. 

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George Mitchell: the one man most Likely Missing from Thanksgiving Day lists

This article first appeared at The McAlvany Intelligence Advisor on Friday, November 28, 2014:

English: "The First Thanksgiving at Plymo...

English: “The First Thanksgiving at Plymouth” (1914) By Jennie A. Brownscombe (Photo credit: Wikipedia)

It’s a safe bet that Americans, in compiling their list of blessings for which they were most thankful on Thanksgiving Day, didn’t put George Mitchell at the top. It’s even safer to bet that most Americans don’t even know who he was, or how his life has made life better for nearly every American today.

The Economist had it right: “Few businesspeople have done as much to change the world as George Mitchell.” The founder of Mitchell Energy & Development Company located in Galveston, Texas, Mitchell was responsible for drilling more than 10,000 natural gas wells and, in the process, resetting the world’s energy equation.

Although he passed away over a year ago at the age of 94, Mitchell’s advances in fracking technology are continuing to delight American drivers with

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Texas Beats California: No Income Tax, Booming Economy, Friendly Folks

This article was first published at TheNewAmerican.com on Tuesday, July 8, 2014:

texas our texas

Texas, Our Texas!

Following Toyota’s announcement April 28 that it would be consolidating its three American business headquarters and moving them from California to a new $300-million campus in Plano, Texas, the debate over why has heated up once again. Toyota follows Occidental Petroleum (which is leaving Los Angeles for Houston, after being there for a hundred years), Raytheon (which is moving its El Segundo headquarters to McKinney, Texas), and Legal Zoom (the largest legal-issues website in the world, which has already moved from Los Angeles to Austin). In the past 18 months more than 50 companies have made the same decision to move from California to Texas.

Some say it’s because of the lower cost of living in Texas. The cost of living in Plano is about a third lower than in the Los Angeles-Long Beach area where Toyota is currently located. As calculated by the Dallas-based conservative think tank National Center for Policy Analysis, “People of all incomes will save in Texas,” according to Pamela Villarreal, a senior fellow at the institute. Some will save a little; others will save a lot by moving to Texas to keep their jobs with Toyota. As Villarreal explained, the calculation takes into account property taxes “which are pretty high in Texas” — about twice what they are in California for equivalently priced homes. Once real estate taxes are factored in, a single woman in Texas making $75,000 a year will have about $14,000 more in discretionary income than she would if she lived in California, but married workers making $150,000 a year who move from California to Texas would not see as dramatic a jump in discretionary income.

The Manhattan Institute says it makes sense for California companies to make the move to Texas, owing to California’s high taxes, oppressive regulations, expensive electricity, union influence, and the high cost of labor. According to the U.S. Energy Information Administration (EIA), the cost per kilowatt-hour for commercial establishments in California is 13.11 cents while it’s only 8.2 cents in Texas — a saving of almost 40 percent. For industrial users, the savings are even greater: 10.72 cents per KWH in California versus just 5.86 cents in Texas. That cuts a heavy user’s energy bill in Texas nearly in half. Advantage: Texas

The advantage enjoyed by Texas is reflected in the states’ comparative economic growth rates: nearly four percent last year in Texas versus half that in California. In job growth, Texas regained the jobs it lost during the Great Recession by May of 2011 while California just made it back to even by May of this year — a three-year difference in favor of Texas. Since May 2011, Texas has added more than a million new jobs, while California has added barely 25,000 new jobs since this past May. Advantage: Texas

According to the blog 24/7 Wall Street, Texas ranks eighth among the country’s most quickly growing states with GDP growth jumping by $1.5 trillion in 2013. Its population continues to grow as well, with unemployment below the national average. California is well off the pace. Advantage: Texas

Bradley Allen, a pediatric heart surgeon in Paso Robles, just announced his candidacy for Congress in California’s 24th district, and in the process noted the difference between California and Texas in an opinion article at the Wall Street Journal: “Texas has no state income tax, while California’s 13.3% marginal rate is the highest in the country. Electricity rates are about 50%-88% higher compared to Texas due to the Golden State’s renewable-energy mandate, and its gas is 70-80 cents per gallon more expensive because of taxes.” Advantage: Texas

Allen’s opponent is incumbent Lois Capps, who sports a dismal Freedom Index rating of just 21 out of 100 on constitutional issues. Out of California’s 53 congressional districts, 18 of them have FI ratings of 20 or lower, while just one has an FI rating of 80 or higher. In Texas, by contrast, just three representatives have a rating of 20 or less out of the state’s 36 districts, with one, Rep. Steve Stockman, holding an FI rating of 95. Advantage: Texas

One of the best measures of the difference between the two states is just how much a Californian would have to pay to move his family to Texas. In November 2012, a Californian living in San Francisco would pay $1,693 to rent a 20-foot U-Haul truck and drive it San Antonio. On the other hand, a Texan in San Antonio moving to San Francisco would pay just $893 for the same truck. (Since then the numbers have become even more favorable: A Californian moving his family on August 1 from San Francisco to San Antonio would have to pay $1,890 for the same truck while a Texan moving the other way would pay only $737.) Advantage: Texas

However, David Horsey, writing for the Baltimore Sun, noted that Californians moving to Texas will leave an awful lot behind:

California has Silicon Valley and Hollywood. Texas has oil and gas.

California has Barbara Boxer and Nancy Pelosi. Texas has Ted Cruz and Louie Gohmert.

In California, billionaires get taxed more to pay for programs for the poor. In Texas, billionaires get to keep their money, and the poor go without health care.

[California Governor Jerry] Brown got voters to approve a tax hike to balance the budget and fund education. [Texas Governor Rick] Perry balanced the budget by slashing spending on education.

In lots of places in California, it’s tough to live on a middle class family budget. In lots of places in Texas, it’s hard to live outside a church-going, football-loving, white, heterosexual lifestyle.

Absence of snarky, politically correct, bitter liberals. Advantage: Texas.

 

President Announces plans to make College more Affordable

cardboard sign ... College Graduates. Lots of ...

cardboard sign … College Graduates. Lots of them and lots of debt. (FEBRUARY 16, 2012) …item 2.. Searching for jobs in Tallahassee is a burden (Jan. 23, 2013) … (Photo credit: marsmet531)

On Monday, June 9, President Obama announced new executive orders to make borrowing for college easier and less costly as part of his “year of action.” Speaking to students via Tumblr, the president said:

A higher education is the single best investment that you can make in yourselves and your future, and we’ve got to make sure that investment pays off…

In America, higher education opens the doors of opportunity for all…

He dusted off the old shibboleths that a college degree will improve chances to get hired and will result in higher earnings as well:

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Obamacare Driving Doctors and Patients to Direct Pay

UnitedHealth Group has dropped thousands of doctors from its networks due to falling reimbursements, leaving patients wondering what their options are. So are those physicians.

One of those physicians, Dr. Josh Umbehr in Wichita, Kansas, has opened his own “direct pay” practice as an answer to both. On his website he notes the following benefits for patients who are looking for alternatives to Obamacare.

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Federal Court Rules that the Bitcoin is Money

When the Securities and Exchange Commission (SEC) charged that Trendon Shavers, the founder of Bitcoin Savings and Trust (BTCST) was running a Ponzi scheme, Shavers challenged the agency by claiming that bitcoins didn’t fall under their definition of securities and so therefore he and his company were exempt from SEC rules. Federal Judge Amos Mazzant ruled otherwise, which was bad news for Shavers but good news for

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Consumer Confidence Not Matched by Reality

The consumer confidence numbers announced on Tuesday by The Conference Board surprised even the economists who had expected a decline rather than the nearly 10-point increase that the board reported. The index came in at 81.4 compared to economists’ expectations of

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Economists miss again: economy growing more slowly than anticipated

There’s an old saw about the purpose of economists is to make weather forecasting look good. The Commerce Department just reported this morning that in the first quarter the gross domestic product (GDP) of the country grew at an annualized rate of 2.5%, substantially below economists’ estimates of 3.2%. And looking past the headlines,

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.