Tag: government spending

Illinois’ Growing Public Employee Pension Liability Crisis »

Local governments are now having to reduce needed services to the public to pay for the generous pensions of retired government employees.

Construction of California’s Stonehenge Costing $3.1 Million Per Day »

Until the California Bullet Train project is canceled, the one thing that can be guaranteed is that its cost will grow even higher than the $77 billion it is slated to cost taxpayers today.

The Truth about Turkey »

Mounting debt and rising inflation are driving Turkey’s financial crisis.

DOJ Dishes Out Taxpayer Dollars »

DOJ appears eager to hand out millions of taxpayer dollars to just about any group that wants it. 

The CBO Agrees: It’s the Spending, Stupid! »

U.S. Government’s long-term budget outlook released.

NEA Grants for Clown College »

Of all the strange things that the U.S. government spends money upon, perhaps one of the strangest is a college for clowns.

Capping Federal Medicaid Funding Would Save $110 Billion to $150 Billion in 5 Years »

Arguably more important than repealing and replacing Obamacare, a longstanding Republican proposal to change how Congress finances Medicaid would reduce the burden on taxpayers by $110 billion to $150 billion over five years, according to a new analysis by consultants at Avalere. Currently, state spending on Medicaid is out of control because Medicaid’s traditional…
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Health Spending Slows to a Less Alarming Pace »

Last week’s second estimate of Gross Domestic Product for the second quarter confirms that growth in health spending took a welcome break. Unfortunately, it is not a clear break in the trend of health spending consuming an increasing share of our national income. The second estimate revised the advanced estimate, and the update was…
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A Vulgar Keynesian Visits My Chamber »

I heard a noise that seemed to come from my chamber door. I opened it, and then . . . Deep into that darkness peering, long I stood there wondering, fearing, Doubting, dreaming dreams some Austrians dared to dream before; But recession was unbroken, and the darkness gave no token, And the only words…
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Inflation-Targeting versus Fiscal Stimulus »

In the run-up to President Obama’s “State of the Union” address this evening, the nation’s monetary and fiscal policymakers seem, as often is true, to be working at cross-purposes. According to reports published in The Wall Street Journal yesterday (January 24, 2011), Chairman Ben Bernanke at long last has concluded that the Fed should…
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