200 Economists Ask Lawmakers to Repeal Obamacare

I’m not the only one saying it: Two hundred economists ask lawmakers to repeal Obamacare. Key quote:

The letter from economists said the law is “fiscally dangerous at a moment when the United States is already facing a sea of red ink. It creates a massive new entitlement at a time when the budget is already buckling under the weight of existing entitlements. At a minimum, it will add $1 trillion to government spending over the next decade,” the letter stated. “Assertions that these costs are paid for are based on omitted costs, budgetary gimmicks, shifted premiums from other entitlements, and unsustainable spending cuts and revenue increases.

0 comments

The state of Virgin Galactic

The state of Virgin Galactic. Key quote:

One of the great things about Galactic is that it’s still built on a non-government market — that is to say, the individual spacefarer market, the space tourist market, call it what you will. As you know, we’re now over 400 people [who have paid deposits for a spaceflight], and over $55 million dollars in deposits. None of that is based on a government program. I think that’s really encouraging. It’s a sign that there are markets outside the government, and that you can build a human spaceflight business around those markets.

8 comments
1 2,305 2,306 2,307 2,308 2,309 2,412