Economy
8/13/2012 | Economy
Google to Cut 20% of Motorola's Staff
Wall Street Journal
Google Inc. GOOG +1.18% is cutting about 20% of Motorola Mobility's workforce, a move the company said is designed to return its mobile-devices unit to profitability after it lost money in fourteen of the last sixteen quarters.
Motorola will shave 4,000 positions of a total of about 20,000. Two-thirds of the reductions will take place outside the U.S. In addition, Motorola plans to close or consolidate about 30 of its 90 facilities. The company said in a filing with the Securities and Exchange Commission that it will "shift its emphasis from feature phones to more innovative and profitable devices."
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 5/1/2012 | Economy
‘Taxmageddon,’ Coming in 2013, Means You’ll Work Longer Than Ever to Pay for Government
CNS News
The tax increases scheduled to take effect in January 2013 – dubbed Taxmageddon – could have the American people spending more days than ever working to pay for federal and state government, a report from the Tax Foundation shows.
A host of tax rates are scheduled to rise in January 2013 – when George W. Bush-era tax rates and the annual patch for the Alternative Minimum Tax expire – leading to a tax increase of approximately $500 billion in 2013, according to the conservative Heritage Foundation.
The Congressional Budget Office reported in January that taxes would increase by $4.6 trillion over ten years, if Congress allows the rates to rise as scheduled at the end of this year.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 4/24/2012 | Economy, Taxes
Romney Vows to Maintain 'Progressive' Tax Code
CNS News
Former Massachusetts Gov. Mitt Romney has repeatedly vowed during his presidential campaign that if he is elected president he will maintain the "progressivity" of the tax code, so that as a person's income goes up he or she will be required to give an increasing percentage of it to the government in taxes.
Romney's advocacy of a progressive tax goes back a long way. In 1996, as a private citizen, according to the Boston Globe, he spent $50,000 of his own money to run full-page advertisements in the Globe, the Des Moines Register, the New Hampshire Sunday News and the Boston Herald to express his opposition to the 17-percent flat tax that then-presidential candidate Steve Forbes was promoting as a part of his campaign.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 4/24/2012 | Economy, Healthcare
Social Security’s financial forecast gets darker; Medicare’s outlook unchanged
The Washington Post
Surging energy prices and a slower-than-expected economic recovery have worsened the financial outlook for Social Security compared with last year, while the picture for Medicare remains grim but essentially unchanged, according to annual forecasts released by the government Monday.
The trustees overseeing Social Security reported that the program’s trust fund will be depleted by 2033 — three years earlier than projected last year. After that, incoming Social Security tax revenue will cover only three-fourths of the benefits scheduled to be paid out through 2086, requiring Congress to either increase taxes or reduce benefits.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisMichael Barry, Director of Pastoral Care, Cancer Treatment Centers of America in Phila.Karl Benzio, Founder and Executive Director , Lighthouse NetworkDavid Bossie, President, Citizens UnitedTwila Brase, President and Co-founder, Citizens' Council on Health FreedomDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteMarjorie Dannenfelser, President and Chairman of the Board, Susan B. Anthony ListWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 4/17/2012 | Economy
Democrat-Led Senate Rejects 'Buffett Rule' Taxes on Wealthy
Associated Press
Senate Republicans derailed a Democratic "Buffett rule" bill Monday forcing the nation's top earners to pay at least 30 percent of their income in taxes, using the day before Americans' taxes are due to defy President Barack Obama on one of his signature election-year issues.
By a near party-line 51-45 tally, senators voted to keep the bill alive but fell nine votes short of the 60 needed to continue debating the measure. The anti-climactic outcome was no surprise to anyone in a vote that was designed more to win over voters and embarrass senators in close races than to push legislation into law.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 4/12/2012 | Economy, Energy Policy
Why the rush? re: Solyndra loan
OneNewsNow
The Treasury Department's Office of Inspector General (OIG) has found that the half-billion dollar federal loan to Solyndra was "rushed" after only one day of review, but whether any laws were broken remains unclear.
Marlo Lewis, senior fellow for the Competitive Enterprise Institute's (CEI) Center for Energy and Environment, says the Treasury's inspector general seems to want to bend over backward to avoid imputing any kind of blame for the loan to Solyndra, going so far as use legalisms to claim various terminology was vague.
"The inspector general acknowledges that the Department of Treasury did not keep any records of its consultation" with the Department of Energy on the Solyndra loan. "Those records are required by law," Lewis notes. Also, "only five people at Treasury reviewed it, although 11 were tasked to do so, and at least one, when interviewed by the inspector general, [wasn't] even aware that they were part of the review team, and the review itself was only one day long."
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 4/11/2012 | Economy
MRC: Media spinning unemployment
OneNewsNow
A media analyst says one cable news network's predictions for last week's job reports was way off, which is further proof that the media is trying to help President Barack Obama paint a false picture of a robust economy.
Before the March unemployment numbers came in, CNBC commentators lined up to make their predictions. They were hoping for big numbers, but in the end, only 120,000 jobs were added. As usual, Julia Seymour of the Media Research Center's (MRC) Business and Media Institute says the predictions were wrong.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 4/10/2012 | Economy, Healthcare
Study: Obama's Health Care Law Would Raise Deficit
Associated Press
Reigniting a debate about the bottom line for President Barack Obama's health care law, a leading conservative economist estimates in a study to be released Tuesday that the overhaul will add at least $340 billion to the deficit, not reduce it.
Charles Blahous, who serves as public trustee overseeing Medicare and Social Security finances, also suggested that federal accounting practices have obscured the true fiscal impact of the legislation, the fate of which is now in the hands of the Supreme Court.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisMichael Barry, Director of Pastoral Care, Cancer Treatment Centers of America in Phila.Karl Benzio, Founder and Executive Director , Lighthouse NetworkDavid Bossie, President, Citizens UnitedTwila Brase, President and Co-founder, Citizens' Council on Health FreedomDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteMarjorie Dannenfelser, President and Chairman of the Board, Susan B. Anthony ListWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 4/9/2012 | Economy, Healthcare
White House has diverted $500M to IRS to implement healthcare law
The Obama administration is quietly diverting roughly $500 million to the IRS to help implement the president’s healthcare law.
The money is only part of the IRS’s total implementation spending, and it is being provided outside the normal appropriations process. The tax agency is responsible for several key provisions of the new law, including the unpopular individual mandate.
Republican lawmakers have tried to cut off funding to implement the healthcare law, at least until after the Supreme Court decides whether to strike it down. That ruling is expected by June, and oral arguments last week indicated the justices might well overturn at least the individual mandate, if not the whole law.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisMichael Barry, Director of Pastoral Care, Cancer Treatment Centers of America in Phila.Karl Benzio, Founder and Executive Director , Lighthouse NetworkDavid Bossie, President, Citizens UnitedTwila Brase, President and Co-founder, Citizens' Council on Health FreedomDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteMarjorie Dannenfelser, President and Chairman of the Board, Susan B. Anthony ListWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 4/3/2012 | Economy, Taxes
U.S. Now Has World’s Highest Corporate Tax Rate
CNS News
When Japan officially reduced its corporate tax rate from 39.8 to 36.8 percent on Sunday the United States became the country with the highest corporate tax rate in the world – 39.2 percent.
The U.S. rate is made up of the federal business tax rate of 35 percent plus the average rate from among the states. The figure does not equal what American corporations actually pay – the effective tax rate – but represents the marginal tax rate all businesses must face.
Japan became the last in a long line of developed countries to have reduced their marginal corporate tax rates since 1990, a trend the U.S. has ignored. The average corporate tax rates in the developed world was 26 percent in 2010, according to the Organization for Economic Cooperation and Development (OECD).
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 3/30/2012 | Economy
Biden Blames High Unemployment on ‘This God-Awful Recession We’ve Inherited’
CNS News
At a campaign event in Iowa on Wednesday, Vice President Joe Biden blamed the continuing high level of unemployment in the United States on what he called “this God-awful recession we’ve inherited.”
According to the non-partisan National Bureau of Economic Research, the last recession began in December 2007 and ended in June 2009—just five months into President Barack Obama’s term in office.
In the 33 months since the recession ended, according to the NBER, the U.S. economy has been in a period of expansion. One of the current members of the NBER committee that determines when recessions begin and end is Christina Romer, who formerly served as chairperson of Obama’s Council of Economic Advisers.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 3/29/2012 | Economy
House rejects Bowles-Simpson, Obama budgets
The Washington Times
The Bowles-Simpson deficit-reduction plan went down to a crushing defeat in the House late Wednesday night in a vote that damages the one bipartisan proposal that just a few months ago had seemed like a possible solution to the country’s debt woes.
The 382-38 defeat, with just 16 Republicans and 22 Democrats voting for it, marks a bad end to what began nearly two years ago, when President Obama tapped former White House Chief of Staff Erskine Bowles, a Democrat, and former Sen. Alan Simpson, a Republican, to lead a deficit-reduction committee.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 3/21/2012 | Economy
Paul Ryan: My Plan Can Balance the Budget in 10 Years
CNS News
House Budget Committee Chairman Paul Ryan (R-Wisc.) said that under a different economic growth scenario than that assumed by the Congressional Budget Office (CBO), his budget can balance over the 10-year window that conservative groups, such as the Heritage Foundation and the Club for Growth, have said is the ideal goal.
“Under the right kind of economic growth scenarios--under what I think are more realistic scorekeeping--it is done,” Ryan said at a press conference on Tuesday in unveiling his budget, The Path to Prosperity, for fiscal year 2013. “If you put this budget through what we think are more reasonable projections of the economy, then that is accomplished.”
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 3/14/2012 | Economy, Healthcare
CBO: Obamacare to cost $1.76 trillion over 10 yrs
Washington Examiner
President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.
Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost "around $900 billion over 10 years." When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisMichael Barry, Director of Pastoral Care, Cancer Treatment Centers of America in Phila.Karl Benzio, Founder and Executive Director , Lighthouse NetworkDavid Bossie, President, Citizens UnitedTwila Brase, President and Co-founder, Citizens' Council on Health FreedomDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteMarjorie Dannenfelser, President and Chairman of the Board, Susan B. Anthony ListWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 3/9/2012 | Economy
An American Auto Bailout – For France?
ABC News
Attention U.S. taxpayers: You now own a piece of a French car company that is drowning in red ink.
That’s right. In a move little noticed outside of the business pages, General Motors last week bought more than $400 million in shares of PSA Peugeot Citroen – a 7 percent stake in the company.
Because U.S. taxpayers still own roughly one-quarter of GM, they now own a piece of Peugeot. Peugeot can undoubtedly use the cash. Last year, Peugeot’s auto making division lost $123 million. And on March 1 – just a day after the deal with GM was announced – Moody’s downgraded Peugeot’s credit rating to junk status with a negative outlook, citing “severe deterioration” of its finances.
In other words, General Motors essentially just dumped more than $400 million of taxpayer assets on junk bonds.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 2/29/2012 | Economy, Healthcare
Obama Cabinet Secretary: 'The Private Market is in a Death Spiral'
CNS News
Health and Human Services Secretary Kathleen Sebelius told the House Ways and Means Committee on Tuesday that the days of private health insurance are coming to an end in the United States.
“The private market is in a death spiral,” Sebelius said, contending this would be the case whether or not President Barack Obama's health care law had been enacted.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisMichael Barry, Director of Pastoral Care, Cancer Treatment Centers of America in Phila.Karl Benzio, Founder and Executive Director , Lighthouse NetworkDavid Bossie, President, Citizens UnitedTwila Brase, President and Co-founder, Citizens' Council on Health FreedomDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteMarjorie Dannenfelser, President and Chairman of the Board, Susan B. Anthony ListWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 2/24/2012 | Economy
Obama Hits Back at GOP Criticism of Energy Policy
CNBC
President Barack Obama hit back on Thursday at election-year Republican criticism of his energy policy, offering a staunch defense of his attempts to wean Americans off foreign oil and saying there was no 'silver bullet' for high gas prices.
Obama sought to deflect growing Republican attacks over rising prices at the pump, blaming recent increases on a mix of factors beyond his control, including tensions with Iran, hot demand from China, India and other emerging economies, and Wall Street speculators taking advantage of the uncertainty.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 2/23/2012 | Economy, Taxes
Bonuses given after raises at Solyndra
The Washington Times
Several of the nearly two dozen employees at bankrupt solar panel maker Solyndra LLC who were approved for bonuses Wednesday had months earlier received pay raises as high as 70 percent, a fact the company never disclosed in its request for bonus cash.
The company’s bankruptcy attorneys sought permission for the bonuses in a court hearing, arguing that the extra cash is needed to keep key employees from fleeing only to be replaced by more expensive outside consultants.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 2/10/2012 | Economy
Sen. Johnson: America at ‘Lower-Level of European-Style Socialism'
CNS News
Government spending made up 39 percent of the U.S. economy last year, compared to just five percent 100 years ago, Sen. Ron Johnson (R-Wis.) said Thursday.
For perspective, he cited Norway, where government spending makes up 40 percent of the economy, bankrupt Greece, where government spending is 47 percent of the economy, and France, where government spending is 53 percent of that nation’s economy.
“Congratulations America, we have arrived at the lower level of European-style socialism,” Johnson told an audience at the Conservative Political Action Conference, where he was part of a panel entitled, “It’s Spending Stupid! Why is it so Hard to Cut a Trillion Dollars?”
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network 2/8/2012 | Economy
Bernanke Points to 'Increased Possibility of a Sudden Fiscal Crisis'
CNS News
Federal Reserve Chairman Ben Bernanke said that the current trajectory of the federal budget – marked by large annual deficits – was “clearly unsustainable” and that “serious economic consequences” could result.
“Having a large and increasing level of government debt relative to national income runs the risk of serious economic consequences,” Bernanke told the Senate Budget Committee Tuesday.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, Senior Pastor-Manhattan Bible ChurchJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom Ring USALowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias ResSam Rohrer, President of the Pennsylvania Pastors’ Network , Pennsylvania Pastors’ Network