ObamaCare Putting Squeeze on Health Savings Accounts
In anticipation that the Supreme Court might rule in favor of ObamaCare, Avik Roy wrote in Forbes magazine that Health Savings Plans (HSAs) would be negatively impacted and possibly forced...
About: Bob Adelmann
Posts by Bob Adelmann
Sen. Mitch McConnell Promises to Repeal ObamaCare
On Tuesday evening, Senate Minority Leader Mitch McConnell (R-Ky.), was asked about repealing the Patient Protection and Affordable Care Act (PPACA), also known as ObamaCare, if Republicans take back...
Latest ADP Jobs Report Confirms Slowing Economy
Looking behind the numbers Thursday's ADP report reveals an economy that is flat-lined, heading into recession. When June’s numbers are compared to January’s, ADP’s total nonfarm private jobs growth has...
Economy Tipping Over Into Recession, Again
When shipping and supply managers were quizzed about their current outlooks by two separate reporting agencies, their answers were the same: Orders are slowing and so is production of...
Harvard Senior Fellow: Peak Oil Is History
International energy economist Leonardo Maugeri says that technology and new discoveries will increase crude oil production in the United States by 50 percent by 2020, discrediting the theory of...
Wealthy Conservatives Working to Unseat Obama, Take Back Senate
Las Vegas casino magnate Sheldon Adelson announced his intention on Friday to give $10 million to political action committees controlled by Charles and David Koch who in turn are...
JP Morgan Trading Loss Balloons to $9 Billion
When the New York Times reported that the losses resulting from the failed trade made by JP Morgan Chase (JPM) earlier this year could reach $9 billion instead of...
Another Government Agency is Under Water
The Pension Benefit Guaranty Corporation is underwater by $26 billion. But a small premium increase will fix things up just fine. When the Pension Benefit Guaranty Corporation (PBGC)’s president, Josh...
Obama Admin. Credited with Gun Industry Boom
The remarkable coincidence of increased private ownership of guns as reflected by the explosive growth of firearms manufacturers, coupled with the increased interest in self-defense and relaxed state rules...
Social Security Disability Recipients to Take 21-percent Cut
Beneficiaries of the Social Security Disability Insurance (SSDI) program can expect to see their checks cut to 79 percent by 2016, according to the program's trustees. ...
Feisty, Fearless Economist Anna Schwartz Dead at 96
Best known as the co-author, along with Nobel Prize winning economist Milton Freidman, of A Monetary History of the United States, 1867-1960, Anna Jacobson Schwartz died on Thursday, June...
Two More Senators Support Bill Opposing UN Arms Trade Treaty
A week ago both Mississippi Republican senators, Thad Cochran and Roger Wicker, announced their support of S.B. 2205 — the Second Amendment Sovereignty Act of 2012 — that would allegedly protect...
Book Review: Glenn Beck’s “Cowards” is Uneven, Exasperating and Valuable
With the help of 14 writers and seven contributors and researchers, Glenn Beck has burst forth with another book that expresses his unique style: fulminating, ranting, exploding, rollicking, sardonic,...
Obama’s Cleveland Speech Leaves His Supporters Cold
The President's speech on the economy in Cleveland last week, promoted as "important," was a bust, especially among his most ardent supporters. ...
Rand Paul Explains His Support for Romney
Following the announcement last Thursday by Senator Rand Paul that he was endorsing former Massachusetts Governor Mitt Romney as the Republican Party’s nominee for President, he took time to...
Deficit to Top $1 Trillion for Fourth Straight Year
On Tuesday the Treasury Department announced that in May the federal government received tax revenues of $180.7 billion, the second highest for the month of May in history. Unfortunately, the...
Will Illinois State Senator Lauzen’s Pension Reforms Work?
Illinois State Senator Chris Lauzen made three simple suggestions to solving Illinois’ $83 billion unfunded pension liabilities: end abuses of the present system, raise the retirement age to 62,...
Housing Bust Cost Average American Family 40 Percent of Their Net Worth, Says the Fed
The release last week of the Federal Reserve’s much-anticipated three-year study of America’s finances, its Survey of Consumer Finances, confirmed what many families already know: Between 2007 and 2010...
Odds Maker Picks Romney to Romp in November
Wayne Allyn Root, former Las Vegas odds maker, reiterated his prediction from last December that Romney would win big in November. ...
Spanish Bailout Just “a Credit Line,” Says Spain’s New Prime Minister
Following another last-minute late-weekend meeting of European Finance Ministers, Spain’s new Prime Minister Mariano Rajoy happily announced that not only would his country receive more bailout funds than it...