Last November, several news outlets reported that Amtrak, the nation’s heavily subsidized passenger rail service, was on track to break even for the first time in the company’s history. After nearly 50 continuous years of operating in the red, covering all its history, 2020 may become its first year in the black:
California’s costly high-speed bullet train boondoggle has officially entered a zombie-like state of existence, neither truly alive nor fully dead.
Meet Sammy Soil. Sammy is one of the many official mascots of a federal government agency who, along with friends at other government departments like Franklin the Fair Housing Fox, Rex the Ready Kids’ Mountain Lion or Pedro the Penguin, serve as mascots intended to create a favorable public impression of the agencies.
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?