A Test of ‘Solidarity’: EU Deadlocked over Attempts to Stuff Brexit-Sized Budget Hole

A second day of negotiating over the post-Brexit EU budget is looking to end again in deadlock with member-states split between the “Frugals”, who want less spending; the poorer, mostly former Soviet satellite states who want more money; and the European Parliament which wants the budget period increased to a massive €1.32 trillion to help turn the EU carbon neutral.

France's President Emmanuel Macron arrives for the second day of a special European Council summit in Brussels on February 21, 2020, held to discuss the next long-term budget of the European Union (EU). (Photo by Ludovic Marin / various sources / AFP) (Photo by LUDOVIC MARIN/AFP via Getty Images)

Covered California Thinks It Can Survive Trump

Despite President-elect Donald Trump picking hard-core Obamacare foe Republican Rep. Tom Price (R-GA) as the next Secretary of Health and Human Services, California’s huge Obamacare exchange thinks it can survive the promised “repeal and replace.”

Irfan Khan/Los Angeles Times via Getty Images

The ObamaCare Bomb: Plan 9 from Collectivist Space

The news that insurance giant Aetna was canceling future ObamaCare expansion plans and also pulling out of most ObamaCare markets has fused the Affordable Care Act bomb for one final, cataclysmic detonation. The whole rotten scheme is falling apart, and it’s

Plan 9 from Outer Space Valiant Pictures

Requiem For the Electric Car: Titanic Subsidies, Miniscule Sales

We are all forced, at gunpoint, to lavishly subsidize the manufacture and sale of electric cars, which tend to be a boutique product for very rich people. Every step of production and sale is juiced with subsidies. No one is selling electric cars for their actual market price, and even with all that subsidy sugar to help the medicine go down, hardly anyone is interested in buying them. It’s one of the biggest forced transfers of wealth from middle-income taxpayers to rich people ever conceived.

The Chevrolet Bolt EV electric car is unveiled at CES International Wednesday, Jan. 6, 2016, in Las Vegas.

Exports of Taxpayer-Subsidized Ethanol to China Grew 975% in 2015

U.S. Department of Agriculture (USDA) Under Secretary for Farm and Foreign Agricultural Services Michael Scuse, who led a trade mission of representatives from nine state departments of agriculture and 28 U.S. companies to northeast China in 2014, announced that United States ethanol exports to China have increased exponentially.

AP Photo/Randy Holt, File

Politicians Designate Oil a ‘Loser’ In Paris, But Green ‘Winners’ Need Huge Subsidies to Survive

We have a load of headlines and sound bites about how “the end of the fossil fuel era” and Paris has put oil decisively on “the wrong side of history” – which is, not coincidentally, the same term our effete ruling class and inept President Obama use to describe ISIS terrorism. Meanwhile, as New York magazine noted, many proponents of the Paris plan “agree that its value is more about symbolism and hoped-for gains than near-term substance, and critics are zooming in on the agreement’s lack of legal teeth, as well as how optimistic it seems to be about future international cooperation, technological advancement, and the sustained domestic will within each country.”

Wind Turbines sunset

How Subsidies Are Draining Your Wallet

There seems to be a lot of confusion regarding how federal subsidies impact the price of goods in the marketplace. While subsidies are often seen as a mechanism to make products cheaper, the reality is, government subsidies do the exact opposite.

AP Photo

Tesla Receives 30% of Cal Tax Credits for Promising 4500 Jobs

The Silicon Valley Business Journal is reporting that “Elon Musk’s Tesla Motors is on track to win $15 million in new tax breaks as part of the final round of this year’s California Competes tax credit.” According to Governor Brown’s GO-Biz website, tax credits are awarded to businesses that come or stay and grow in California. With much of his $13.3 billion net worth coming from tax subsidies, Musk may celebrate his latest gift of “government cheese” from Reno, where Tesla’s highly-subsidized $5 billion giga-factory is being built.


ObamaCare: Health Insurance Gets Worse, But You’re Not Allowed to Complain About It Any More

That’s right, ObamaCare victims: those massive premiums you’re struggling to pay, while simultaneously forking over fat tax payments to subsidize the premiums of your neighbors, are much lower than they really should be, because vampire government is also sucking tax money out of you to pay the insurance companies off. The whole scheme falls apart right about the time Barack Obama leaves office, confident that a huge and surly army of insurance welfare dependents, backed up by heavy political and lobbyist artillery from rent-seeking insurance companies, will make his boondoggle indestructible, no matter how unpopular it gets.

AP Photo/Lynne Sladky

Covered California May Merge with Bankrupt State Obamacare Exchanges

With major insurers in some states proposing up to 51 percent Obamacare insurance premium increases, liberal Democrats are scrambling to avoid a political and financial disaster. One proposal is to merge California’s financially troubled “Covered California” exchange with the even more insolvent state exchanges, like “Cover Oregon,” which was forced to shut down last year.

global warming

Big Government: The Cause Of, and Solution To, All Problems

Just as the last Republican in Detroit or Baltimore will be blamed for every problem faced by those troubled cities, despite generations of unchallenged Democrat rule; just as the public education system will never have enough money, no matter how lavish its per-pupil expenditures, and disappointing its results; just as the War on Poverty needs fresh financial ammunition, despite spending trillions over the course of decades to negligible effect; so everything wrong with Amtrak will be blamed on whoever resists the next demand for subsidy money.

REUTERS/Mike Segar

Dear Ben Carson: Call Me Maybe

Dr. Carson, I know you are smart, very smart. But you know medicine. You need very smart people to advise you on energy policy now, before you address the topic any further. I have a cadre of energy experts that I could make available to you—and any candidate who wants smart energy policy. Call me, maybe?

Ben Carson

Ted Cruz Offers Alternative to Obamacare

As the Supreme Court takes up a case that would rule out subsidies for health insurance in roughly three dozen states, which would crush insurance markets in those states and cripple Obamacare, Senator Ted Cruz—along with Senator Marco Rubio—is offering his own health insurance proposal.

AP Photo/Austin American-Statesman, Rodolfo Gonzalez

Jonathan Gruber in 2013: States Without Exchanges Will Cost Residents

Most observers of the legal battle over Obamacare’s subsidies are now familiar with the two clips (one video and one audio) in which economist Jonathan Gruber takes the plaintiff’s side, saying only states which set up an exchange will receive subsidies. But a third example of Gruber saying much the same thing has, so far, received very little attention.