Tag: Government Spending
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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Torrent of New Federal Spending Leaves Ominous Clouds of National Tax Hikes

The total public debt outstanding of the U.S. government has been exploding at a nearly unprecedented rate. Starting from March 15, 2020, just before the coronavirus pandemic gave politicians a reason to open the federal government’s spending floodgates, the national debt stood at a nearly even $23.5 trillion. Three months later, on June 15,...
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Five Steps for Taming the Federal Spending Beast

The runaway federal spending that has accompanied the coronavirus pandemic will force a reckoning in the “mandatory” portion of the U.S. government’s budget after the pandemic has passed. That’s the assessment of AEI resident fellow James Capretta, who indicates that the reckoning will mean big changes for mandatory entitlement programs whose spending has been...
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Fed Chief Jerome Powell Tells Uncle Sam To Spend More

In the last two months, the U.S. Federal Reserve has underwritten every single dollar borrowed by the U.S. government, and then some, becoming the biggest single lender to the federal government along the way. And now, Federal Reserve Chair Jerome Powell has told Uncle Sam to get out there and spend! Reuters has the...
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