Arizona Governor Jan Brewer, the Economic Illiterate

After fighting the president tooth and nail on immigration, Arizona Governor Jan Brewer seems bent on throwing in with Obama on Obamacare. National Review explains it here.

Governor Brewer’s desire to expand Medicaid is predicated on a particular kind of economic illiteracy – to wit, the belief that there is such a thing as “free money” from the federal government, as though Arizona taxpayers were not also federal taxpayers. Medicaid is an extraordinarily expensive program, and one that has been shown in study after study to produce little or nothing in the way of measurable health benefits for recipients. It is an additional indicator of the program’s low quality that nearly a third of all U.S. doctors refuse to take on new Medicaid patients. It is the definitive federal entitlement boondoggle: big cost, little upside.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.

E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.