| Friday August 14, 2020 at 10:00 AM PDT
By Washington, D.C., standards, the Paycheck Protection Program (PPP) is a success. The program funded over $659 billion of loans to small businesses so they could avoid laying off employees because of state and local lockdown orders. Small businesses that take out PPP loans can also receive a unique bonus: As long as the...Read More »
K. Lloyd Billingsley
| Tuesday June 16, 2020 at 5:10 PM PDT
In the wake of the death of George Floyd at the hands of a Minneapolis cop, calls are ringing out to defund the police. Those who question the wisdom of such a move might want to consider some other candidates for defunding. The U.S. Department of Education would be a good place to start.
| Saturday May 2, 2020 at 8:51 AM PDT
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 »
| Wednesday February 5, 2020 at 10:25 AM PST
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:
| Tuesday December 31, 2019 at 8:32 AM PST
California’s costly high-speed bullet train boondoggle has officially entered a zombie-like state of existence, neither truly alive nor fully dead.
| Tuesday November 5, 2019 at 2:20 PM PST
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.
| Wednesday July 10, 2019 at 1:54 PM PDT
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.
| Wednesday June 19, 2019 at 9:32 AM PDT
As monumental boondoggles go, it’s hard to top California’s bullet train.
| Monday June 17, 2019 at 10:31 AM PDT
Government regulation contributes to stifling effective competition in the free market which leads to price gouging and excessive inflation.
| Monday June 10, 2019 at 11:22 AM PDT
In 2011, the U.S. Congress supposedly banned fiscal “earmarks“. But special-interest budget earmarks didn’t go entirely away.