Social Issues

Authored by Drieu Godefridi via The Gatestone Institute,

We spend a lot of time talking about the public pension crisis because, well, it's a massive $5 - $8 trillion dollar overhang on the economy and one which will undoubtedly result in some heartache for investors at some point in the future.  Unfortunately, there are some problems that are too large for even U.S. taxpayers to fix and, with an underfunding of $52,000 (mid-point) per household, somehow we suspect this is one of them. 

Another day, another CBO score for another version of the GOP's healthcare bill. This time, the agency estimates that McConnell's "Better Care Reconciliation Act" legislation would lower the federal budget deficit by $420 billion over the next 10 years by reducing spending for Medicaid and subsidies for nongroup health insurance.

One month after the CBO scored the now defunct Senate healthcare bill, forecasting it would increase the number of uninsured by 22 million while cutting the budget deficit by $321 billion over the next ten years, moments ago the CBO released its latest score of what a straight repeal of Obamacare would look like. In short, doing away with the Affordable Care Act, would increase the number of uninsured by 32 million by 2026, while reducing the budget deficit by $473 billion in the CBO's view.

The Supreme Court has granted the Trump administration's request to more strictly enforce its ban on refugees, at least until a federal appeals court weighs in, however the justices are leaving in place a lower court order that allows entry by some people with family members already in the country, the AP reports. The 6-3 order by the justices who last month let the president start restricting entry by people from six mostly Muslim countries, means the government must accept people with grandparents, cousins and other relatives in the U.S.