Official Newspaper of Eddy County since 1883
Official Newspaper of Eddy County since 1883
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President Joe Biden isn’t waiting for the Supreme Court to decide on his last $400 billion student loan bailout before rolling out another, even more costly plan (oral arguments are scheduled for Feb. 28, and it has been blocked by lower courts for now.) Biden’s new plan to force taxpayers to pay for other people’s college is as legally and morally bankrupt as his old plan – and may prove even more expensive. The new Biden proposal would force taxpayers to cover the full cost of college, except for nominal monthly payments capped at a maximum...
The same politicians who mostly killed free checking and debit card rewards programs through government price controls are setting their sights on credit cards – and that means miles, cash back, and other rewards are now in jeopardy. That’s a potential political earthquake, because a recent study found that 84 percent of all credit cards are rewards cards, and 70 percent of cardholders who make less than $20,000 a year have rewards cards. Many small businesses also rely on rewards cards – especially cash-back cards. Those individuals and small...
Attorneys general from California and other liberal states - many of which already ban payday loans - sent a nasty letter to the Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger last week opposing her proposal to relax the Obama-era rules that would severely restrict the availability of payday, vehicle title, and other small-dollar loans. The liberal AGs promised to sue the CFPB over the issue, and they might even find a sympathetic judge who will find that Obama administration executive actions cannot be reversed by...
Americans are justifiably angry that we pay the highest prescription drugs prices in the world; anger President Trump tapped into on the campaign trail.The disparity exists because other rich countries use price control schemes, forcing American consumers to provide the returns on capital that justify the enormous research and development costs associated with bringing new cures to market. The rest of the world free-rides on our innovation. The good news is that the Trump administration has been aggressive on the trade front in efforts to...
When Republicans vote against coverage expansions, that's the headline. So let's give Senate Democrats the same treatment: they just voted to take away insurance coverage from millions of Americans. I'll explain. Last summer, Republicans failed to deliver on their longstanding promise to repeal Obamacare due to Senator John McCain's dramatic last minute thumbs down. They failed again in the fall, when the Graham-Cassidy bill to block grant health care dollars to the states was pulled from the floor because ailing Senator Thad Cochran was stuck...
Obama’s astonishing takeover of the automobile industry was accomplished through a process even more corrupt than his takeover of the health care sector. While both involved backroom deals, the auto takeover was sealed in a backroom from which both the American people and our elected officials were completely shut out. Worse, it transferred power over a huge swath of our economy - and the basic choice of what cars and trucks Americans can buy - not to Washington, D.C. but to Sacramento, California.Sacramento was empowered, contrary to f...
