Budget Proposals Have Entitlements Gobbling GDP, Obamacare Worries Stall Hiring, Iraq War Killed 112,000 Civilians: P.M. Links
What do the competing budget plans have in common? They all show spending on Medicare and Social Security gobbling up an ever-larger share of the economy — as much as 12 percent of GDP by 2023.
- According to Federal Reserve data, concerns over the impact of Obamacare have busineses reluctant to hire.
- Kevyn Orr, the new Detroit emergency financial manager, seems to be a tad ($16K) behind in paying unemployment taxes. And has two liens against his house. Which is probably still an improvement for Detroit.
- European leaders say they may let Cyprus back off the original idea of stealing money from the bank accounts of small savers, and concentrate on the big account holders, instead, as part of the deal for bailing out the country's banks. Small favors …
- The Iraq war killed at least 112,000 civilians, and may have a total death toll as high as 174,000, according to a new report.
- Bertha Mejia is finally getting a bond hearing after a year and a half behind bars. The immigrant has been held as a "mandatory detainee" because of an old shoplifting offense. Her detention has cost an estimated $90,000.
- Nanny Bloomberg now wants cigarettes hidden out of view in stores, because … because … then it won't even occur to you to buy them!
- That $220,000 verdict against a Minnesota woman for sharing songs? Yeah. The Supreme Court said that's OK.
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