An extended coastline could net the state an extra $342-480 million dollars annually – money currently being expropriated by the federal government.
MPERS gambled with public money, and lost. If this were a private company, these disastrous mistakes would surely result in bankruptcy.
The drastic mismanagement and squandering of resources highlights the need to greatly scale back the operations of the Crescent City Connection Division.
Geymann and Morris say their bill is a reaction to Gov. Jindal’s use of $474 million in one-time revenues from the proposed sale of three state prisons…
Commentary: Obama’s Deficit Reduction Speech Illustrates Fundamental Misunderstanding of America’s Fiscal Woes
As long as Social Security, Medicare, and Medicaid remain intact, our national debt will be perilous. Additionally, any recovery strategy predicated on tax hikes and increased spending will be a failed one.
In contrast to the state’s vision for the UMC, Kaufman Ellis determines that “UMC, as currently envisioned, is materially larger than is supportable.”
‘Even if the hospital’s business plan pans out, it will mean an estimated $70 to $100 million subsidy of operating costs from the state general fund and possibly as much as $400 million of new additional public debt.’
Medicare spending is growing at annual clip of 7.2 percent, vastly faster than the rest of the economy. Over the next decade, Medicare spending is expected to double, and its unfunded liabilities over the next 75 years are approximately $31 trillion dollars- a number beyond human comprehension.
Democratic leaders are hounding the Ryan budget for its supposed severity and ideologically-driven agenda. Yet it is the most serious effort to curb record deficits and debts, by either party, in decades.
“The DC OSP has accomplished what few educational interventions can claim: It markedly improved important education outcomes for low-income inner-city students”