Archive for Economics – Page 2

Bernie Sanders to push for government-funded healthcare and abolition of private insurance

Hmm, this has worked out so well before.  Please explain how this is going to work.  What happens when you run out of “Other People’s Money?”  I wish that critical thinking wasn’t dead.

Senator Bernie Sanders is relaunching his push for a government-funded healthcare system, but the move could further divide Democrats on a key issue as the party seeks to regain its footing at the state and national levels. While defending Obamacare – which Republicans unsuccessfully tried to dismantle in July – the Vermont independent who caucuses with the Democrats declared that […]

Michigan to face $2B budget squeeze in general fund

Wondering how much this may impact Lt. Gov. Calley’s run for governor.  Further, the chickens come home to roost at end of term limited Synder.

Lansing, Mich. — Tax cuts, increased road construction, past economic development incentives and other factors will combine to reduce or divert state revenue by $2 billion annually in just over four years — the equivalent of 20 percent of Michigan’s general fund account. That’s a key takeaway from a report issued this past week by the nonpartisan Citizens Research Council of Michigan.

Spending pressures

Beginning this year, the state is covering a small share of the cost to expand Medicaid insurance coverage to 660,000 low-income adults under the federal health care law. Within three years, $220 million will need to come from the general fund. If the expansion ends, Michigan still could face other costs because the federal expansion funding has been covering mental health and prisoner health care. The Citizens Research Council also notes uncertainty over how much the state could pay to help municipalities better provide legal representative to poor criminal defendants.

US Dollar at Risk of Falling Further in Late Summer as Political Risks Mount

The Dollar is at risk of weakening during the late summer as US political and geopolitical risks ratchet up, says Bank of America’s FX strategist David Woo. Not only the Dollar but other so-called risky assets like equities and emerging market asset, could also suffer, as political standoffs dominate politics in the US and geopolitics in a Korea-China-US relationship triangle. The market is not […]