Damaging Spending
Four Ways to Actually Defund the Affordable Care Act
In the end, the defund strategy may prove to be a disaster. Or helpful. What’s clear is that the recriminations are unwisely distracting ObamaCare opponents from adding momentum to strategies that are already defunding the law. Here are four things opponents would be better off doing than fighting among themselves:
SSDI (Problems) in the News
My recent paper on the rising cost of Social Security Disability Insurance is proving to be timely.
Surge in Disability Claims is a Gold Mine for Law Firms
Combined outlays on Social Security Disability Insurance and Supplemental Security Income have roughly doubled over the last decade and will cost taxpayers almost $200 billion this year. The complex and often subjective disability determination process, which is essentially the same for both programs, has created an opportunity for specialty law firms to grab a piece of the action.
Welfare Can Make More Sense than Work
Next Monday, the Cato Institute will release a new study looking at the state-by-state value of welfare. Nationwide, our study found that the value of benefits for a typical recipient family ranged from a high of $49,175 in Hawaii to a low of $16,984 in Mississippi.
A Big, Tiny Deal on Student Loans
After a bit of a false start last week, it sounds again like the Senate is on the brink of a bipartisan compromise that will link rates on federal student loans to overall interest rates. Given all the hubbub that’s surrounded the loans, that’s big news. Given the actual change that would take place, it’s tiny.
Delaying the Employer Mandate Requires Delaying All of Obamacare
The IRS has announced it will postpone the start date of Obamacare’s “employer mandate” from 2014 to 2015. Most of the reaction has focused on how this move is an implicit acknowledgement that Obamacare is harmful, cannot work, and will prove a liability for Democrats going into the November 2014 elections.
SNAP Theatrics Fall Flat
It has become a set piece of political theater for liberal Democrats, carried out in recent weeks by everyone from New York mayoral candidate Anthony Weiner to Connecticut senator Chris Murphy and a bevy of congressmen: attempting to eat on the $4.50-per-day food budget supposedly provided by the Supplementary Nutrition Assistance Program (SNAP), the program formerly known as “food stamps.” While always good for a headline, and generally accompanied by amusing photographs of the bizarre meals the politicians cobble together on their meager budget, the so-called SNAP challenge is also arrant nonsense.
The GOP, the Farm Bill, and Cognitive Dissonance
It’s a good thing that the farm bill failed to pass the House, but it is disturbing that about three-quarters of Republicans voted in favor of this massive spending bill. The House bill would have spent 47 percent more over 10 years than the 2008 farm bill ($940 billion vs. $640 billion). Most of the spending is for food stamps, so GOP farm bill supporters would have essentially ratified the recent huge spending increases on this welfare program.
Oregon Study Throws a Stop Sign in Front of ObamaCare’s Medicaid Expansion
Today, the nation’s top health economists released a study that throws a huge “STOP” sign in front of ObamaCare’s Medicaid expansion.
American Sugar Alliance Looks Brazilian Gift Horse in the Mouth
The American Sugar Alliance, the main lobby group for American sugar growers, released a report last week alleging that the subsidies given to Brazilian sugar growers are depressing the world price of sugar perhaps by 25 to 30 percent. But instead of thanking the Brazilian taxpayers for their gift of cheap sugar, apparently the ASA are suggesting that U.S. trade negotiators “add it to their agenda”, implying that they should challenge the subsidies using the World Trade Organization’s dispute settlement mechanism.