Just when CoreLogic, the California-based mortgage data provider, began to wax optimistic about the housing market, the Census Bureau and the S&P/Case-Shiller index doused their enthusiasm with some cold facts and daunting data.
In the summary of its “Budget and Economic Outlook” published on Tuesday, the Congressional Budget Office (CBO) noted the supportability of deficit spending even under its “alternative” analysis. Noted the CBO: “Even if the fiscal policies specified by current law come to pass, budgetary challenges over the longer term remain — and the challenges will be much more acute if those policies do not remain in place.” It added:
A farmer in the communist collective of Xiaogang, a small village in eastern China, was starving, along with his family and his neighbors. At one of the political indoctrination classes he was forced to attend, Yan Junchang had a revolutionary idea: why not try privatizing the farms and letting the farmers keep what they grow?
With the announcement by Kathleen Sebelius, Secretary of Health and Human Services, that Trustmark Life Insurance Company’s recent increases in premiums for their health insurance were “excessive” comes the certain result: A few may be helped, but many will be harmed.