Facts That Make You Cringe – Issue 131
The Volker Rule, Just one part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, has 1,420 subsections.
Facts That Make You Cringe – Issue 130
According to columnist George Will, “As of five years ago — it is substantially worse now — the government itself estimated that regulations cost the economy more than $1.75 trillion, almost twice the sum of income tax receipts then.”
Elon Musk’s growing empire is fueled by $4.9 billion in government subsidies
…Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The [Los Angeles] Times…
Editors’ Note: You’ll never hear a Progressive label this as a “cost” to government. That word is reserved exclusively for tax cuts.
Facts That Make You Cringe – Issue 128
Depending upon whom you believe, the average cost to develop a new drug and get Federal Drug Administration (FDA) approval is between $800 million and $5 billion.
Note – The politicians who bash Big Pharma for high drug prices are the same ones who oversee the FDA.
Fact That Make You Cringe – Issue 127
According to the Pew Research Center, 44% of the American general public gets its news from Facebook.
Facts That Make You Cringe – Issue 126
According to The Wall Street Journal, “In 1992… state and local governments collected $836 billion in revenue. By 2015 the total had swelled to more than $2.3 trillion. After adjusting for inflation, it works out to a 79% revenue surge for states and localities, roughly triple the increase in population during the period.”
$16 Million? Going, Going, Gone! Do I Hear $27 Million?
The Oregon Legislative Fiscal Office (LFO) says the Beaver State has already spent about $16 million on its lawsuit against Oracle for its role in the Cover Oregon money pit.
LFO also tells us that the total cost could top $27 million. Psst…Guv Kate: Oracle has tons more bucks that it can (and will) spend on this vendetta than you can squeeze out of Oregonians!
Facts That Make You Cringe – Issue 124
The average full-career state government employee in Oregon has a retirement benefit exceeding the earnings of 90 percent of full-time employees in the state. (Source: American Enterprise Institute)
- The Daily Astorian
Facts That Make You Cringe – Issue 123
“…more than 23,000 [PERS retirees] receive more in retirement than they were paid in salary while working…” – The Register Guard
PERS Bills To Jump 44%
According to oregonlive, Oregon’s Public Employee Retirement System (PERS) will charge schools, cities and other public employers $885 million over the next biennium.
That’s a cool 44% increase from current payments and about 10% higher than previous estimates.
And these guys want to manage your retirement account? Noooo…