Saving Medicare (Update)

A few facts need to be acknowledged at the onset of this paper: The Medicare payroll tax of 1.45% paid by workers and matched by employers currently brings in about $200 billion per year to the federal government. The current yearly cost of Medicare to the federal government is approximately $600 billion per year1. The … Continue reading “Saving Medicare (Update)”

Energy Policy: A Sensible Strategy for Addressing an Approaching World Oil Shortage Crisis

Proven world oil reserves are currently estimated at about 1500 billion barrels1. Current world oil consumption is approximately 33 billion barrels per year2. 1500 divided by 33 yields a result of around 45 years before proven oil reserves are depleted. The 45 year average consists of some countries with less than10 years of proven reserves … Continue reading “Energy Policy: A Sensible Strategy for Addressing an Approaching World Oil Shortage Crisis”