Informative Links for July 2, 2012
‘Armageddon’ to Happen Despite EU Deal: Rogers – CNBC “‘People need to stop spending money they don’t have. The solution to too much debt is not more debt. All this little agreement does is give them (banks) a chance to have even more debt for a while longer,’ he added.”
Reluctance in Some States Over Medicaid Expansion – NY Times “Millions of poor people could still be left without medical insurance under the national health care law if states take an option granted by the Supreme Court and decide not to expand their Medicaid programs, state officials and health policy experts said Friday. … But already, governors in Kansas, Nebraska and South Carolina, among other states, have said they would have difficulty affording even the comparatively small share of costs that states would eventually have to pay.”
John Roberts Is a Super-Taxer – Real Clear Markets “One way of looking at Roberts’s slight-of-hand decision to vote in favor of Obamacare is that a tax is a tax is a tax. As a non-lawyer, I see the Roberts vote as a massive expansion of federal government taxing power. Just what we don’t need. The Roberts Court has served up a ‘tax mandate’ that is more powerful than the still-limited Commerce Clause regulatory mandate. Roberts has created a huge new loophole. Instead of new purchase mandates, we’ll have new purchase tax mandates.”
Ballot Issues Arise after Rangel’s Apparent Primary Win – CNN “While Rep. Charles Rangel of New York celebrates a major primary victory this week – his toughest challenge in 42 years – the state is stepping in on ballot complaints that could wind up changing the results.”
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