Showing posts with label spending. Show all posts
Showing posts with label spending. Show all posts

Robert Gore: How To Defeat Your Government

This outcome does not require a plan.     In a recent article, “How to Defeat Your Enemies,” SLL maintained that governments and their people were natural enemies, and that the most powerful adversarial tactic is “getting one’s enemies to fool themselves.” The article detailed the effective use of this tactic by Osama bin Laden and al Qaeda. ... MORE

VIDEO: Transparent Government

Steven Greenhut: California's Deep Debt Problems

The bureaucratic pension burden. For those who wonder about the practical importance of transparency, I offer as evidence the latest result of a modest rule change in California from a mind-numbingly named organization—the Governmental Accounting Standards Board, or GASB (pronounced Gaz-bee). The group's stated goal is to promote  ... MORE

The Decline Of America's Economic Freedom Under Obama

by Anthony B. Kim.  Millions of people around the world are emerging from poverty thanks to rising economic freedom. But by sharp contrast, America’s economic freedom has been on a declining path over the past decade. According to the 2016 Index of Economic Freedom, an annual publication by The Heritage Foundation, America’s economic    ... MORE

Pete Kasperowicz: National Debt Hits $19 Trillion

Only Rand Paul would halt the spending.  The national debt hit $19 trillion for the first time ever on Friday, and came in at $19.012 trillion. It took a little more than 13 months for the debt to climb by $1 trillion. The national debt hit $18 trillion on Dec. 15, 2014. That's a slightly stepped-up pace compared to the last few $1 trillion mileposts.  ... MORE

The Congressional Budget Office Foresees A $30 Trillion Debt As A Result Of Looming Tax Hikes And Obamacare

by Stephen Dinan.     The federal government will be flirting with $30 trillion in debt within a decade, the Congressional Budget Office reported Monday, blaming an aging population, new spending and tax cuts approved on Capitol Hill, and the growing burden from Obamacare for erasing the progress Washington had made over the past few years.     ... MORE

Veronique de Rugy: The Government Wasted Tons Of Money On 'Shrimp Fight Club' And A Million Other Things

Waste, fraud, abuse, and monkeys on hamster wheels.  In honor of the release of the new Star Wars movie, Sen. Jeff Flake (R-Arizona), subtitled this year's "Wastebook" as "The Farce Awakens." The latest edition of this annual report details 100 spending programs—totaling $108.5 million—that are a complete waste of your money.    ... MORE

Peter Suderman: Democrats And Republicans Team Up To Bust The Budget With A $1.8 Trillion Spending Package

Politicians indulge themselves at taxpayer expense.     One way to understand the massive federal spending package is as a compromise between Republicans and Democrats to ignore the deficit. The deal is made of two different elements—a 2,009-page omnibus that folds in 12 appropriations bills and calls for $1.1 trillion in spending,     ... MORE

NSA Phone-Snooping Program Didn’t Prevent Any Attacks

By David Sherfinski.   Sen. Rand Paul of Kentucky said Monday that the NSA’s phone-snooping program didn’t catch any terrorists or prevented any attacks, breaking from several of his 2016 GOP presidential rivals, including New Jersey Gov. Chris Christie, who have described the program as an effective tool in the fight against terrorism. “There will   ... MORE

Lawrence J. McQuillan: Cutting Government Down To Size

#1 reason to elect Rand Paul.   The GOP debates so far have shown that the Republican presidential candidates are far from united on how best to boost the economy. Tax and regulatory reform are critical. But as a first step they should consider following the path Democrats took immediately after World War II: shrink the government. During  ... MORE

Michael Lewitt: The Economy Is Coming Unglued

Signs that the wheels are coming off the wagon.     Commodity prices are plunging, the dollar is powering higher, Obamacare is collapsing, economies everywhere are faltering, and terrorism is spreading across the globe. That’s bad news. Unless you happen to be among the stock market investors who in the U.S. spent the last week bidding up stock   ... MORE

Some Members Of Congress Want To Stop Squandering Tax Money On The DEA's Failed Marijuana Eradication Program

by Christopher Ingraham.    The Drug Enforcement Administration is not having a great year. The chief of the agency stepped down in April under a cloud of scandal. The acting administrator since then has courted ridicule for saying pot is "probably not" as dangerous as heroin, and more recently he provoked 100,000 petition-signers and seven       ... MORE

National Debt Spikes $578 Billion In Three Weeks

By Pete Kasperowicz. Spending frenzy after debt ceiling suspension. The national debt has surged more than half a trillion dollars in the last three weeks, as the suspension of the debt ceiling in late October has allowed the government to borrow as much as it wants. Before the debt ceiling was suspended, the national debt stood at $18.15     ... MORE

Feds Collect Record 2015 Tax Haul: $19,346 Per Worker

by Michael Lotfi.       Gov't overspent by nearly $530 billion anyway. According to a monthly treasury statement, through the first eleven months of fiscal year 2015 (Oct. 1, 2014 – end of August), the United States federal government has collected a record-breaking haul in tax revenue. In total, the feds have collected over $2.8 trillion so far, which     ... MORE