The New York Times has a wonderful tool for understanding how the recommendations of the presidential deficit commission could work to close the estimated annual budget shortfalls in the future. You simply go through and select spending cuts and tax increases until the budget shortfall is corrected for both in the present and future….
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WTOP FM has pointed out that as reported by Newsweek, seven of the ten richest counties in the United States surround Washington, D.C. The D.C. area makes plenty of Top 10 lists, and this one shows its residents make the big bucks. According to a new report from Newsweek, seven of the nation’s 10…
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In an article at OneNewsNow.com, “I’m going to pay how much in taxes?”, Chris Woodward has recommended the Government Cost Calculator at MyGovCost.org: What is Washington’s spending costing you? A new website aims to answer that question. The website MyGovCost.org is an online calculator where taxpayers can learn what they will pay in taxes…
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In an article in USA Today, “More federal workers’ pay tops $150,000,” Dennis Cauchon reports that: The number of federal workers earning $150,000 or more a year has soared tenfold in the past five years and doubled since President Obama took office, a USA TODAY analysis finds. The fast-growing pay of federal employees has…
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The Government Cost Calculator has been recommended by Lee Doren at OpenMarket.org in “How Much Does Government Spending Cost.” With never-ending increases in government spending, citizens are often curious how much government actually costs them. In response to this question, The Independent Institute has launched MyGovCost.org, that features the personal government cost calculator to…
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HT: Chris Coyne
As the Wall Street Journal reports in an article by Mark Whitehouse, “Number of the Week: $10.2 Trillion in Global Borrowing”: $10.2 trillion: The amount of money advanced-nation governments will need to borrow in 2011 As the debts of advanced countries rise to levels not seen since the aftermath of World War II, it�s…
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As reported by the Washington Times, the federal government has paid out well over $1 billion to 250,000 deceased individuals over the past decade�and can�t figure out how to fix the problem, according to a new report from Senator Tom Coburn, M.D. �Washington paid for dead people�s prescriptions and wheelchairs, subsidized their farms, helped…
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The New Hampshire Union Leader reports that the U.S. Department of Agriculture has awarded the University of New Hampshire and outside researchers funding of $700,000 in corporate welfare to create “a computer model to help organic dairy farmers cut greenhouse gas emissions such as methane, because Beano probably isn’t an option.” Nitrogen- and carbon-based…
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In the new Wall Street Journal article, “Fed Fires $600 Billion Stimulus Shot,” Jon Hilsenrath reports that the day after the stunning mid-term elections that clearly were a referendum against the Keynesian spending binge of Presidents George W. Bush and Barack Obama, the Federal Reserve has launched another gigantic “stimulus” measure exactly like what…
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