Restaurants Brace for Job-Killing Obamacare Regulations

Repeal it: Chain restaurants struggle with Obamacare regulations requiring all menus to include calorie information.

Under the new rules, if [a chain] wanted to introduce a new item, such as a crab cake pizza, [theyโ€™d] have to replace the signs in all of [their] stores, sucking time and money that could otherwise be used to build [the] business.

And:

โ€œSo what it comes down to is this: The federal government has passed a law requiring us to build new signs, or buy new menu boards, and to put on those signs and menu boards information which we already provide, even though it is unlikely to change eating habits, at a cost of over a million dollars we will divert from and be unable to spend on jobs,โ€ cautioned Puzder.

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Federal payments required by Obamacare understate the cost by as much as $50 billion

Finding out what’s in it: Federal payments required by Obamacare actually understate the cost by as much as $50 billion, according to a new study.

In May a congressional committee set the accounting rules that determine who will qualify for federal health care subsidies under the 2010 Patient Protection and Affordable Care Act. When the committee handed down the rules to the Congressional Budget Office, its formula excluded the health care costs of millions of workersโ€™ spouses and children. The result was a final estimate for 2010 that hides those costs.

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Treasury Adds Another $20 Billion In Debt Overnight, Just $160 Billion Below Revised Ceiling

Get ready for another battle in Congress: The U.S. Treasury added another $20 billion in debt last night, putting it just $160 billion below the newly passed debt ceiling.

The total US treasury balance (subject to the ceiling) is $14.54 trillion (and $14.58 trillion for total), an increase of $20 billion overnight, the Treasury will hit its latest ceiling no later than the end of September. . . . The debt ceiling now is $14.694 trillion: a number which Tim Geithner will hit in about a month.

According to the bill that raised the debt ceiling, the ceiling is only raised in stages. The next stage of $500 billion requires Obama to request it and Congress to okay it.

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A Department of Innovation logo that can’t work

Department of Innovation logo

You can’t make this stuff up: Michelle Malkin points out that the logo created by Smithsonian’s Department of Innovation shows a gear arrangement that simply can’t function in the real world.

Check out the logo. 3 interlocking gears arranged in this fashion will not move in any direction. They are essentially locked in place. Which when you think about it, is a perfect analogy of todayโ€™s government!

The comments on the Department of Innovation’s own webpage are hilarious as well:

Perhaps this should be the new logo for Congressโ€ฆ.since no motion could come from this arrangement.

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