There will be about two million fewer American workers by 2017 because of the Affordable Care Act, or "Obamacare," a Congressional Budget Office report released Tuesday finds.
Overall, employment is expected to increase, though not as much as it would if the ACA had never become law. The job losses will increase to 2.5 million by 2021.
The estimate is for full-time employment, the report notes. Some of the losses will lead to unemployment while some of the losses will translate to part-time employment. more >>
A leader of a pro-Israel organization has expressed disapproval of President Barack Obama's statements at his State of the Union regarding the veto of new sanctions against the Islamic Republic of Iran.
Christians United for Israel provided The Christian Post with comments from CUFI Exectuvie Director David Brog.
"I'm saddened that the president has declared his intention to oppose the will of a majority of the Senate and the House on Iran. His policy towards Iran isn't working and won't work," said Brog. more >>
A state representative has proposed a bill to liberalize the liquor laws in Utah, despite the position of the Church of Jesus Christ of Latter-day Saints, or "Mormon Church," that current policies should remain in place.
"The additional costs to businesses" caused by the liquor restrictions "put a damper on Utah's economic development and tourism, which is very large industry in Utah," Representative Greg Powell (R – Herber City) told The Christian Post in an interview on Wednesday. Powell's bill would remove two restrictions – the requirement that servers ask if a patron ordering alcohol "intends to dine," and the "Zion Curtain," a 7-foot-2-inch barrier required by law between the areas where alcohol is poured and where it is served.
"A good Mormon doesn't see freedom as a good thing — they consider grace a license to sin," explained Lynn K. Wilder, associate professor of special education at Florida Gulf Coast University, former tenured professor at Brigham Young University, and author of Unveiling Grace: The Story of How We Found Our Way Out of The Mormon Church. Wilder argued that Utah's liquor laws are restrictive because most representatives are Mormon (some lawmakers estimate 90 percent, The Salt Lake Tribune reported) and because Latter-day Saints believe in works-based salvation. more >>
A Hawaii legislator is advocating for legalization of marijuana cultivation, manufacturing, and export in her home state, claiming that cannabis could solve a host of problems — from schools and roads to the property tax and the overall poverty of farmers.
"This is going to be an economic engine unparalleled by anything else because we have the perfect soil and we have the ground climate to grow them — our farmers will never be poor again," Democrat Hawaii House Majority Floor Leader Rida Cabanilla said in a video interview.
Cabanilla does not support legalizing marijuana use in Hawaii, just farming, manufacture and export to other countries where cannabis is legal. If her initiative succeeds, she argued, "everyone benefits — the farmers, the manufacturers, and with the revenue that we are going to get that would proliferate in every household in the state." more >>
The 85 richest people in the world have as much wealth as those in the bottom half of the wealth distribution, according to a new report published Monday by Oxfam highlighting the increasing wealth inequality around the world.
Among the report's other findings:One percent of the world's population owns about $110 trillion, or about half of the world's wealth, which is 65 times the total wealth of those on the bottom half of the wealth distribution. Seventy percent of the global population live in countries where economic inequality has increased in the last 30 years. The richest one percent increased their share of income between 1980 and 2012 in 24 out of the 26 countries where the data is available. And during the Barack Obama presidency in the United States, the wealthiest one percent captured 95 percent of the post-financial-crisis growth crisis while the bottom 90 percent became poorer.
The authors of the report argue that economic inequality can be beneficial, but extreme economic inequality, like that found by the study, can be damaging. more >>
For generations, people worldwide who yearn for freedom have looked to the United States. Here, every citizen can speak his mind, pursue his passion, and exercise other God-given liberties that are unjustly denied many others around the globe.
But that doesn't mean we're above reproach in all areas of freedom. Take economic freedom, which continues to deteriorate a little more each year.
I'm not basing this on hearsay, or on the latest jobs report. Every year, The Heritage Foundation and The Wall Street Journal release a detailed, country-by-country policy guide known as the Index of Economic Freedom. And the news for the United States has been getting a little worse each year over the last several editions. more >>