City of Detroit: Retirement Funds – Nathan Bomey, Reporter, Detroit Free Press – One of the major reasons Detroit’s Emergency Financial Manager Kevyn Orr has given for bankruptcy is…
According to the U.S. Constitution the executive branch government has the responsibility to implement and enforce the law—at least that is what I thought until recently. The Affordable Care Act, Obamacare, was passed to be implemented by January 1, 2014. The insurance exchanges are to be operational by October 1, 2013. However, what we have seen in the past month or so has been a number of changes in the law orchestrated by the White House without new legislation passed by Congress. On what basis have these changes been made and are they the “Right Thing to do?”
For two decades, Wayne Crews of the Competitive Enterprise Institute has tracked the growth of new federal regulations. In his 20th anniversary edition he reported that the pages in the Code of Federal Regulations hit an all-time high of 174,545 in 2012, an increase of more than 21% during the last decade. At a time that our economy is still struggling and we have concerns about the federal debt and budget deficits, IRS scandals and National Security Administration scrutiny of phone and email records, can we afford to impose any more restrictions? Is this the “Right Thing to do?” Let’s look at some issues:
Entrepreneurship Score Card: Rob Fowler, President, Small Business Association of Michigan – Michigan is showing signs of economic progress for small businesses.
The U.S. Senate is expected to vote as early as this week on legislation allowing states to require Internet retailers to collect sales taxes. Every time Congress has taken a serious look at proposals to boost internet sales taxes, it has rejected them. That may be the reason that pro-tax Senators are trying to rush through an online tax hike with as little consideration as possible.
President Obama released his budget for the fiscal year 2014 starting October 1st on Wednesday. It is 2 months late—but I am not sure we can say better late than never.
The Future of Hospitals in the Affordable Health Care Era – Rob Casalou, President & CEO, St. Joseph Mercy Ann Arbor & Livingston Hospitals and Health Centers; Doug Strong, CEO, University of Michigan Hospitals & Health Centers – Lawmakers continue to debate the details of the Affordable Care Act…
Should we worry about the sequester? Should we go over this cliff? What is the “Right Thing to do” by the Congress? Here are some issues to consider…
At the eleventh hour the Senate passed a bill, gave the House 30 minutes to consider it, and then the House passed it. Two-thirds of the Republicans in the House voted “No”. The President basically stopped negotiating, assuming he ever did negotiate, and we had an emergency call to Joe Biden to make the deal. Was passing this bill the “Right Thing to do?”
Last week we talked about the Highway bills being considered in Washington. If you remember, both the House and the Senate are working on bills to bailout the Highway Trust fund by almost $50 billion a year above what is collected in federal gasoline taxes. Both the House and Senate are looking for ways to fund this bailout. How, you may ask do pensions have anything to do with funding the highway subsidies?