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NEWS and OPINIONS by BILL STANLEY

National Debt Continues To Soar

(10 Nov 2014) In May 2003, Obama called on the Senate to resist Bush's "unprecedented $300 billion deficit" that "underscores the recklessness of the George W. Bush administration and the Republican Congress". During the 2008 campaign, Czar Obama said, "The first thing you do when you're in a hole is what? ... You stop digging. So the first thing that we're going to have to do is to stop adding to our deficit." During the 69 full months of Czar Obama's reign, the national debt increased by $7.31 trillion to $17.94 trillion, at an annual rate of $1.27 trillion. The increase in the last 12 months was $0.78 trillion. During Bush's 95 full months, the debt increased $4.98 trillion at an annual rate of $0.63 trillion. Obama's rate is 2.02 times Bush's. Bush was bad ... Obama is horrible.

Michigan's Politicians Try To Stop Free-Market Innovation

(10 Nov 2014) The National Automobile Dealers Association, which represents almost 16,000 new-car dealers, is a crony-capitalist organization that inhibits competition. It supports a Michigan bill that prohibits automakers from selling a vehicle "directly to a retail customer other than through franchised dealers," with exceptions for nonprofit organizations and government agencies. Tesla Motors, which operates showrooms but only takes orders over the Internet, would be blocked from selling its electric cars under legislation that awaits Gov. Rick Snyder's signature. (Source: 16 Oct 2014 Bloomberg)

Illinois Leads In Losing Private Jobs

(10 Nov 2014) Only 2 states lost private sector jobs during the first 7 months of 2014 ... Illinois 5900 and Alaska 5200. The states with the largest gains were Texas 254,100, California 162,700 and Florida 117,500. From January 2010 through July 2014, Illinois gained 240,000 jobs and 420,000 food stamp recipients. (Sources: Bureau of Labor Statistics, 16 Sept 2014 Townhall)

Head Start Is Nothing But Babysitting, Funded By Taxpayers

(10 Nov 2014) The Head Start Impact Study was a national assessment of Head Start students, following them through the third grade. The positive impact did not last past kindergarten. Tennessee's Voluntary Pre-K program analyzed 3,000 preschool children. The statistically significant gains that preschool students made had diminished greatly by the end of kindergarten and had entirely disappeared by first grade. (Source: 15 Oct 2014 Cato Institute)

California Voters May Want Higher Health Care Costs

(3 Nov 2014) In the 1970s, California doctors were fed up with having to pay skyrocketing medical malpractice premiums ... some plaintiffs were winning pain and suffering awards of tens of millions of dollars. In response, the Medical Injury Compensation Reform Act (MICRA) capped pain and suffering awards at $250,000. Now, the trial lawyers have raised $2 million to support a ballot initiative (Proposition 46) to increase that cap to $1.1 million and allow the cap to increase with inflation. It is estimated that health care costs will increase by $9.9 billion annually in California. (Sources: California Medical Association, 30 Oct 2014 National Center for Policy Analysis)

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