Want To Learn About Entitlements? Part 1: The Facts 6

By Daniel McKay
Want To Learn About Entitlements? Part 1: The Facts
Welcome to part 1 of our 3 part US entitlements series: The Facts Definition: Entitlements are guarantees to benefits by right or law. In the United States entitlements are Social Security, Medicare, Medicaid, Children’s Health Insurance Program (CHIP), Food Stamps, veterans benefits, Welfare, unemployment insurance, supplemental security income, student loan programs, school food programs etc… The list ...

The Simple Budget Plan For The US Government 2

By Daniel McKay
The Simple Budget Plan For The US Government
A simple plan that could be implemented to reduce our deficit and debt levels while increasing investment and promoting economic growth. I thought I would introduce to you all a simple budget plan for the United States. Note that the effects of this plan may be different and we may see increasing interest rates on ...

Why Healthcare Should Be Provided To All 2

By Daniel McKay
Why Healthcare Should Be Provided To All
Health is a public good. Healthcare is a moral obligation. Whether or not you choose to believe either one of these statements probably determines whether or not you support universal healthcare. One cannot simply argue that it is a moral dilemma and expect to win over a crowd that could care less. You have to instead appeal ...

Water In The Ears? Austerity With Slow Growth Is LUDICROUS 7

By Daniel McKay
Water In The Ears? Austerity With Slow Growth Is LUDICROUS
People and Politicians really don’t get it, austerity is something you should do when the economy is booming – not when it is weak. Despite overwhelming economic evidence that austerity slows down economies – you hear people, and even more scary, politicians, preach we take a dose of Hoover’s medicine. It’s important to understand that what we’re ...

Does Taxing The Rich Hurt Growth? A Redistributive Lesson 5

By Daniel McKay
Does Taxing The Rich Hurt Growth? A Redistributive Lesson
Redistribution, progressive taxes, class warfare, taxing the rich. All of these you have probably heard recently, and depending on who you talk to you might have heard different things about them. The Democrats, and President Obama wish to raise the tax rate on the top earners – the $250,000 and $1 million marker has been ...

The World Reserve: Its Beautiful When You’re On Top… Even When It’s Ugly 1

By Daniel McKay
The World Reserve: Its Beautiful When You're On Top... Even When It's Ugly
We might not realize it, but the US has it good. Anything we need we can get, we are the world’s reserve currency, so when times get rough – we are even more flush. There are three prevailing theories in economics regarding how to improve a weak economy. The first, is the theory that government ...

Does Free Trade Cause Economic Growth And Reduce Poverty? 2

By Daniel McKay
Does Free Trade Cause Economic Growth And Reduce Poverty?
For many years, people have been convinced that openness to international trade was the key determinant for economic growth and poverty reduction. In 2000, WTO’s Mike Moore said that the surest way to help the poor was by opening markets. This idea has been accepted by many multilateral organizations (like the WTO). Recent empirical evidence, ...

Iran’s Nuclear Weapon = Stronger US Economy? 1

By Daniel McKay
Iran's Nuclear Weapon = Stronger US Economy?
If Iran gets a nuclear weapon, may we see the end of a sluggish economy and enter into prosperity. Okay, lets start off by saying that if Iran gets a nuclear weapon we probably have bigger issues – such as a major war, or having nuclear weapons move into the hands of terrorists. But assuming ...

Can’t Twist It: Employment Up – BLS Explained 2

By Daniel McKay
Can't Twist It: Employment Up - BLS Explained
The accusation that the “books are cooked” or that the numbers have fallen because people have dropped out of the labor force is absurd and unfounded.  Employment numbers come from a BLS (Bureau of Labor Statistics) survey that samples 60,000 households, consisting of roughly 110,000 individuals monthly from around the country. While this isn’t sampling ...

Do We Like Outsourcing? Maybe We Should! 2

By Daniel McKay
Do We Like Outsourcing? Maybe We Should!
London School of Economics Study Suggests America Has Done Well By Outsourcing. While we hate being outsourced, it is a natural and necessary reality to building a strong and robust economy. Recently, CNN featured a special entitled “Putting American’s to Work” about outsourcing. It highlighted some realities that we may not usually realize when we ...