Tag: Government Spending
“Amtrak Joe” Tries to Resuscitate California’s Zombie Bullet Train
President Joe Biden is well known for having a choo choo fetish. It’s little surprise he wants to expand the already heavily subsidized Amtrak passenger rail service. If he’s successful, today’s toddlers will come to know why their grandparents came to reject the inconvenience of commuting between cities by rail. Aside from the unique...
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A Black Hole in California’s Fiscal Management
Does $320 billion sound like a lot of money to spend? If you answer yes, would you agree it is a good idea to have some way of keeping track of how and where you spent that money? All the way down to the penny? Now, what if that was your job? What would...
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COVID Relief: Where Did All That Money Go?
One year ago, Americans began getting far more first-hand experience with a viral epidemic than any wanted. One year later, the U.S. government has spent $6 trillion to provide relief from the coronavirus pandemic. Of that total, $37 billion was spent on Operation Warp Speed’s development of several vaccines. The vaccines are the main...
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2020 Festivus Grievances: $54 Billion in Waste
For those of us who pay attention to government spending, the week between Christmas and New Years is a busy time. It’s never pretty, because this is when a lot of wasteful spending is forced through by logrolling politicians. But that doesn’t mean we can’t laugh at them and their wasteful spending priorities. That’s...
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California’s Multibillion-Dollar Pandemic Unemployment Fraud
California’s government-waste problem with unemployment fraud has just become a lot bigger. It’s not just celebrities and prison inmates who have been fraudulently cashing in on California’s pandemic unemployment assistance program. If it were, the total amount of taxpayer money lost to fraudulent unemployment claims in the state would total less than $1 billion....
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A Wasteful Federal Spending Quiz
Politicians and bureaucrats waste millions of dollars on crazy stupid things every year. But can you tell the difference between an actual federal budget line item and something that just sounds like a crazy stupid thing on which an American politician would spend money? Let’s test your skills. I’ve listed eight simple descriptions of...
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COVID-19 and the Budget Deficit
The U.S. Treasury Department has just released the final statement for its 2020 fiscal year. I knew going in it was going to be bad because of the impact of COVID-19. Having now seen it, all I can say is that how bad it is, is a thing to behold. It is the most...
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Stalled Relief Bill Would Hike US Debt and Crush Fiscal Accountability
Earlier this year, the U.S. Congress passed the $2 trillion CARES Act to provide emergency relief for the coronavirus pandemic. Several months later, many of the relief programs that bill established are set to run out of funds. Right now on Capitol Hill, gridlock reigns because Democrats and Republicans cannot agree on how much...
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California’s Delta Water Tunnel Is a $15.9 Billion Money Pit
As we noted, the economic rigors brought on by the pandemic failed to halt the massive underground tunnel that would pump water from the San Joaquin Delta to central and southern California. The original “WaterFix” was a pet project of Gov. Jerry Brown and called for two tunnels. Rebranded the “Delta Conveyance Project,” it...
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California Tunnel Vision Survives the Pandemic
As we noted, the current pandemic has failed to lock down spending on California’s vaunted high-speed rail project. The pandemic has also failed to halt the massive underground tunnel that would pump water from the San Joaquin Delta to central and southern California. The so-called “Waterfix” was a pet project of Gov. Jerry Brown,...
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