Wyoming Liberty Group
Medicare and Medicaid are the two largest government-run health insurance programs in the United States, and arguably the world. Combined, they cover an estimated 120 million Americans and spend a quarter of the federal government’s budget. And without major reforms, these entitlements threaten to bankrupt taxpayers and hang patients out to dry.
With Wyoming’s traditional funds falling faster than a brakeless coal car on an oily rail, the Joint Appropriations Committee has been scrambling to find money to continue spending on building construction. Then, like pennies from heaven, the state’s federal delegation managed to get the federal government to return the Abandoned Mine Land (AML) funds it slipped into its pocket to fuel its own runaway spending.
During Louisiana governor Bobby Jindal’s visit to Wyoming in November 2015, he discussed his strategy to put Louisiana’s fiscal house in order. His basic philosophy of government is that we can grow the American economy or we can grow the government economy, we can’t do both. If we want to grow the American economy we must shrink the government economy. This economic growth strategy worked in Louisiana and it will work in the Wyoming too, if given the chance.
Maureen Bader and KGAB’s Gary Freeman discuss the sin tax grab, Wyoming’s economic outlook and what to expect in the upcoming Wyoming budget session. Hold onto your wallet! November 20, 2015
Maureen participated on the panel with UW economist Anne Alexander, Hart and Hart Lawyer Isaac Sutphin and Senator Chris Rothfuss. November 12, 2015
On July 30 the Bureau of Economic Analysis (BEA) released an advance-estimate version of its GDP numbers for the second quarter of 2015. For the first time since before the Great Recession it looks like there is some real strength building in the economy. First, the summary from the BEA:
Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- increased at an annual rate of 2.3 percent in the second quarter of 2015, according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.6 percent (revised). The Bureau emphasized that the second-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency ... The increase in real GDP in the second quarter reflected positive contributions from personal consumption expenditures (PCE), exports, state and local government spending, and residential fixed investment that were partly offset by negative contributions from federal government spending, private inventory investment, and nonresidential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.