News item: �California to Sell 24 Government Buildings for $2.3 Billion� (AP, October 12, 2010). As a way of helping plug the State of California�s now-chronic budget deficit, this headline is welcome news. Among the state-owned properties on the auction block are LA�s Ronald Reagan State Building and San Francisco�s Civic Center. I have…
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The Wall Street Journal notes in a new article, “The 2010 Spending Record: In two years, a 21.4% increase”: “Perhaps you missed it, but then so did the Washington press corps. Late last week the Congressional Budget Office released its preliminary budget tallies for fiscal year 2010, and the news is that the U.S….
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In this new article on United States transportation infrastructure and spending, Gabriel Roth explains the� wasteful spending endemic to the central planning approach taken to transportation.� Rather than a leaky bucket, Roth proposes using market forces based on local transportation needs: “President Obama�s recent announcement of a $50 billion ‘up-front investment’ for ‘renewing and…
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In a new article in Defense News, Winslow Wheeler reports on the trillions of dollars of wasteful spending by the Pentagon, and the poor state of the armed forces that result: “You�d think all that added money would give us larger forces, a newer hardware inventory and better trained people. Instead, the windfall made…
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In a new article in the Financial Times, Nicole Bullock reports that a huge pension deficit of more than half a trillion dollars for 50 U.S. cities may produce calls for a massive federal bailout: “Big US cities could be squeezed by unfunded public pensions as they and counties face a $574 billion funding…
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The Associated Press reports that the Social Security Administration’s Inspector General has determined that: “More than 89,000 stimulus payments of $250 each went to people who were either dead or in prison, a government investigator says in a new report. “The payments, which were part of last year’s massive economic recovery package, were meant…
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Ken Rogoff on rising gold prices and public debt: “At $1,300, today�s price is probably more than double very long-term, inflation-adjusted, average gold prices. So what could justify another huge increase in gold prices from here? “One answer, of course, is a complete collapse of the U.S. dollar. With soaring deficits, and a rudderless…
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Dr. Emily Skarbek, Director of the Government Cost Calculator was interviewed on the nationally syndicated web radio blog, “Taking Back America”.� During the interview, Dr. Skarbek uses MyGovCost.org to explain the specific effects of rampant government spending for any individual in America. Dr. Skarbek illustrates how an individual can find out what their own…
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Mark Hemingway comments in the Washington Examiner on a report in the New York Times that with 10% unemployment, the National Science Foundation (NSF) has awarded a theater company with a grant of $700,000 to produce a stage play to “educate” the public regarding the claims of global warming. “One in 10 Americans are…
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Dr. Emily Skarbek, Director of the Government Cost Calculator was interviewed on the nationally syndicated radio program, “The Jason Lewis Show” (Premiere Radio Networks).� Using MyGovCost.org, Dr. Skarbek explains the effects of rampant government spending for any individual in America. Listen to the interview here. Download the mp3 file here.
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