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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In an incisive, recent article in the Wall Street Journal, Sara Murray reports that: “Efforts to tame America’s ballooning budget deficit could soon confront a daunting reality: Nearly half of all Americans live in a household in which someone receives government benefits, more than at any time in history. “At the same time, the…
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Citizens Against Government Waste reports that the U.S. Senate’s version of the 2011 Department of Transportation, Housing, and Urban Development (THUD) Appropriations Act includes 590 projects ($2.2 billion) with an increase of 29.4% in costs over Fiscal Year 2010’s 588 projects. “The significant increase in the number of projects is indicative of senators� continued…
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The New York Times on Monday, columnist Peter Orszag addresses the important issue of the the unsustainable budget deficit problem and the current high unemployment. What Orszag suggests as a “compromise” neglects the heart of both problems. Orszag suggests that “ideally only the middle-class tax cuts would be continued for now” but that doing…
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In her September 4th article in the Wall Street Journal, “How Government Unions Became so Powerful,” Amity Shlaes traces how federal protectionism, collective bargaining, and striking powers for public-sector unions have created government labor monopolies for which private workers are forced to pay ever higher taxes for generous pensions and other benefits: “This weekend…
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I pose this question seriously, not as a physiologist, but as an economic historian. I am provoked to raise the question by an advertisement that Amazon sent me recently, calling my attention a book titled Can Capitalism Survive? Creative Destruction and the Future of the Global Economy. Seeing this sales pitch, my immediate reaction…
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In my recent article in Investor’s Business Daily, I discuss the enormous harm from and hypocrisy of federal economic policies as they inhibit private entrepreneurship. The current era has been dubbed the “Information Age,� and well it is. Never before has so much information been available so broadly and on such a level of…
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