… that’s how much more the Build America Bond program is costing in its first year than it was anticipated in budgeting: Build America Bonds are also expanding federal costs much faster than expected. Over the life of the up to 30-year bonds, Uncle Sam could owe up to $90 billion in interest. The program’s […]
Daily Archive for March 23rd, 2010
Economics in One Picture
Posted in Politics on Mar 23rd, 2010
In What is Viewed as the Crown Jewel of Government Success Stories: Oh yummy! Cost to taxpayers for each extra car sold because of Cash for Clunkers: $20,000 Number of clunkers turned in (and taken out of the market): 677,081 Price increase for used cars since CfC: 13.7% Change in car sales from July 2009 […]
Day and night we are watching over your welfare. It is for your sake that we drink that milk and eat those apples.
Posted in Government Gone Wild on Mar 23rd, 2010
In the Executive Office and in Congress, some people are more equal than others. While many Chicago parents took formal routes to land their children in the best schools, the well-connected also sought help through a shadowy appeals system created in recent years under former schools chief Arne Duncan. This from a guy who ended […]
Shifting and Bending Over … The Cost Curve of Course
Posted in Health Care on Mar 23rd, 2010
I really am not in the mood for hand-wringing about the ObamaCare legislation. It happened. People actually wanted it – despite what the polls say. Politicians actually wanted it. In the meantime, it makes sense to continue to educate people about how our health care system really works. I happen to think the current system […]
Invisible Hand Seen Sticking Out of Grave
Posted in Education on Mar 23rd, 2010
But looters do their best to bury it again. Remember the problem with public schools cutting down programs that are in high demand? Well, it seems that an opportunity to serve students who need and want these programs has been taken: Months after purchasing the Penn Foster Education Group, a for-profit career training provider, the […]
The Nonexistent Case for Public Schooling in Rich Neighborhoods
Posted in Education, Market Failures on Mar 23rd, 2010
Our family lives in Pittsford, NY. It is widely understood to be one of the two nicest and richest communities in the Rochester area. A major reason we located here is that the small home we purchased would very likely to be easy to resell in the event of (yet another) career move. In 2007, […]
