Tag: Government Spending
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...
Read More »

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...
Read More »

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...
Read More »

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...
Read More »

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,...
Read More »

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,...
Read More »

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...
Read More »

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...
Read More »

Bipartisan Proposals for Spending Cuts

Thanks to the coronavirus recession, the U.S. government is on track to borrow more money in 2020 that it will collect in taxes as it cranks up its deficit spending to unprecedented levels. That’s the best estimate of the Congressional Budget Office, which finally weighed in on the fiscal impact of the emergency spending...
Read More »

How Uncle Sam Will Spend $2.3 Trillion on Coronavirus Relief

Before the coronavirus pandemic and the response to it triggered an economic meltdown, the U.S. federal government was planning to spend nearly $4.8 trillion in its 2020 fiscal year. Last week, President Trump signed a $2.3 trillion relief package aimed at mitigating an economic disaster. How the government will be spending such a gargantuan...
Read More »

  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org