If things go as analysts at the Bipartisan Policy Center expect, the U.S. government will face a heightened risk of defaulting on its $22 trillion debt in early September.
As monumental boondoggles go, it’s hard to top California’s bullet train.
Government regulation contributes to stifling effective competition in the free market which leads to price gouging and excessive inflation.
In 2011, the U.S. Congress supposedly banned fiscal “earmarks“. But special-interest budget earmarks didn’t go entirely away.
“In this world nothing can be said to be certain, except death and taxes.” Perhaps, there is a third thing: government waste.
Beginning next year, the total amount of Social Security benefits paid out to beneficiaries will exceed the amount of money that working Americans pay into it.
When you think of all the ways that the U.S. government spends money, which of its functions do you think tops the list?
Every September, as the end of the U.S. government’s fiscal year draws near, thousands of federal bureaucrats go on a massive spending bender.
California isn’t the only state with a federal government-funded bullet train project that will never live up to expectations.
When some federal bureaucrats have the opportunity to feast out on the town at taxpayer expense, they go all out.