Obamacare delivered the trojan horse of a debt bomb when it was implemented. Now state legislators are left to deal with actual budget consequences from expanded medicaid.

Obamacare delivered the trojan horse of a debt bomb when it was implemented. Now state legislators are left to deal with actual budget consequences from expanded medicaid.
Major source in tax revenue for Indiana has taken a big hit in the last decade. Continue reading →
Moody’s Investor Service released a financial grade for Indianapolis Public School system. Continue reading →
Terre Haute city council is appearantly out of ideas in how to run their own government Continue reading →
The rich pay a lot in federal income taxes. Continue reading →
President Obama is the worst President we’ve had when it comes to the economics of our federal budget.
This is unsustainable but most do not pay attention to the financial train wreck heading our way. Continue reading →
WorldOil.com is showing interesting investment returns on state pension funds invested in oil. The study was done by Sonecon.
On average, $1 invested in oil and natural gas stocks in 2005 was worth $2.30 in 2013. By contrast, $1 invested in all other assets over the same period was worth $1.68.
While oil and natural gas stocks make up, on average, 4% of holdings in the top public pension funds, they accounted for, on average, 8% of the returns in these funds from 2005 to 2013, according to the Sonecon study.
The report examines the top two public pension funds in 17 states, which collectively cover more than half (55%) of all workers in the U.S. who participate in state and local government pension plans.
States analyzed in the report are: California, Florida, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Mexico, New York, North Dakota, Ohio, Pennsylvania, South Carolina, and West Virginia.
The numbers are staggering in how fast medicaid is growing and spending. This isn’t a sexy topic to talk about but that is the psychosis of America’s political landscape today. Here is some recent news pertaining to this federal government social program.
Via Wall Street Journal –
Another source, The Heritage Foundation added more data to the topic of medicaid growth –
One more item from Heritage is the overall growth of entitlement spending.