United States Department of the Treasury

Power in payments: Illinois can help unbanked residents, save money by adopting best practices in payment methods

11/21/2019
Each year, tens of billions of dollars flow through Illinois state government.1 These flows all depend on methods of payment. In deciding on those payment methods, policymakers must consider a number of important factors, including security controls, cost effectiveness, accessibility, speed and allowance for choice. This report shows that by adopting best practices across all...

ObamaCare: A bailout by any other name is still cronyism

By Naomi Lopez Bauman
01/24/2014
The enrollment failure of ObamaCare is well documented – so much so that it has become the nation’s late-night talk show punch line. In fact, Moody’s changed the outlook for U.S. health insurers to negative from stable, as implementation of ObamaCare continues to create uncertainty for the industry. The sad reality is that millions of...

TAGS: cronyism, health insurance

IRS workers want an exemption from ObamaCare

By Paul Kersey
07/25/2013
Another union has lost its enthusiasm for ObamaCare – or at least for one major feature of the federalized health insurance scheme. The National Treasury Employees Union, or NTEU, is encouraging its members to write their congressmen in opposition to HR 1780, a bill that would have federal government workers use health insurance exchanges to buy health insurance....

Federal government announces one-year delay of ObamaCare’s employer mandate

07/03/2013
by Naomi Lopez-Bauman If ObamaCare weren’t already enough of a train wreck, the irony of the U.S. Treasury Department blog post announcing the delay of  the ObamaCare employer mandate – titled Continuing to Implement the ACA in a Careful, Thoughtful Manner – would be hysterical. The employer mandate is a provision of ObamaCare that requires employers with 50...

$16,000,000,000,000

By Chris Andriesen
09/04/2012
The U.S. Treasury Department released a statement on Tuesday, confirming that the federal government has topped $16,000,000,000,000 in debt. (That’s $16 trillion, if you lost count of all the zeros). When combined with state level debt ($4.19 trillion), the number tops $20 trillion in total public debt. At the end of 2008, just before President Obama officially...