As taken from this column and other sources as well. Former Ohio House speaker sentenced to 20 years in $60 million bribery scheme | CNN Politics, Sydney Kashiwagi. A Little Background: FirstEnergy and its executives denied wrongdoing and have not been criminally charged for a scheme to bail the company out. However, federal investigators say the company secretly funneled millions to various operatives to secure a $1 billion legislative...
Read More »Social Security on Brink of Collapse, Dramatic Changes Coming – Some With ‘Bipartisan Support’
Dale Coberly: This is part 2 of a comment I began July 18 on Angry Bear. It is a reply to an article appearing on the internet by Andrew Herrig at wealthynickel.com under the title. “With Social Security on Brink of Collapse, Dramatic Changes Coming – Some With ‘Bipartisan Support,’” WEALTHY NICKEL, written by Andrew Herrig. The first part of my commentary noted that Herrig ignores that Social Security can fix itself simply by raising the...
Read More »Considering Alternatives to Patent Monopoly Financing of Drug Development
There is more to this story than just making technology open to the public so others can manufacturer it. Think about what is being said here. The manufacture of face masks went overseas. When many were needed, foreign manufacture could not keep up and the prices were ridiculous. We are in a situation of whether we want all product being manufactured overseas and face shortages and high prices even though costs do not require such? Speaking of...
Read More »Considering Alternatives to Patent Monopoly Financing of Drug Development
There is more to this story than just making technology open to the public so others can manufacturer it. Think about what is being said here. The manufacture of face masks went overseas. When many were needed, foreign manufacture could not keep up and the prices were ridiculous. We are in a situation of whether we want all product being manufactured overseas and face shortages and high prices even though costs do not require such? Speaking of...
Read More »Deficits, Debts, Surpluses, Borrowing, Budgets, etc. Processes
Federal Budget, Why Should you Care About the Federal Budget, (nationalpriorities.org) It appears, we need to better understand what we are talking about. Or at least establish a foundation for our words which I believe we take for granted. I took the liberty of pulling this up from a site. It is pretty basic. Borrowing and the Federal Debt In any given year, if federal revenues and government spending are equal – as in, the government takes...
Read More »Deficits, Debts, Surpluses, Borrowing, Budgets, etc. Processes
Federal Budget, Why Should you Care About the Federal Budget, (nationalpriorities.org) It appears, we need to better understand what we are talking about. Or at least establish a foundation for our words which I believe we take for granted. I took the liberty of pulling this up from a site. It is pretty basic. Borrowing and the Federal Debt In any given year, if federal revenues and government spending are equal – as in, the government takes...
Read More »Open Thread July 9, 2023 US Debt
Differences between Japan and the US Debt. Explain how Japan can manage twice the debt/GDP with no problems but the US is headed to a crisis. Or is the issue really about unnecessary deficit spending due to tax breaks skewed to upper income brackets? Open Thread July 2, 2023 Partisan SCOTUS, Angry Bear, angry bear blog Tags: Open Thread July 9 2023...
Read More »How the Super Rich Are Killing Social Security
How the Super Rich Are Killing Social Security, Robert Reich Blog, Robert Reich Since Angry Bear has a well known expert on Social Security in the name of Dale Coberly, I like to post other commentary on the topic. Robert Reich suggests increasing the salary limit well beyond 2023’s $160, 200 cap. He proposes eliminating the cap over $250,000 on salary and investments. Here’s the real reason Social Security is in danger that nobody’s talking...
Read More »A Pittance Offered Up for National PFAS Cleanup
What is being offered up by 3M, etc. (NYT article below) is a pittance of what will be necessary to clean up lakes, wetlands associated with the lakes, rivers, and streams. I lived in Michigan. The reported contamination from PFAS, etc. there is massive and then there is a potential Lake Erie cleanup, the Niagara River, and into Lake Ontario. You can fish in Michigan lakes, etc. but they are advising not to eat the fish. Also areas near air force...
Read More »CMS and CBO consistently overestimated the growth in health care spending
National Health Expenditure Projections, 2022–31: Growth To Stabilize Once The COVID-19 Public Health Emergency Ends, Health Affairs, National health expenditures are projected to have grown 4.3 percent in 2022, slower than nominal gross domestic product (GDP) growth of 9.2 percent, leading to a decrease in the projected health spending share of GDP from 18.3 percent in 2021 to 17.4 percent in 2022.1 However, over the course of the full...
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