Posts Tagged ‘federal spending’

NSA: An Example of Government Mismanagement


Wednesday July 20th, 2011   •   Posted by Stephanie Freedman at 9:04am PDT   •   0 Comments

Today the Washington Times highlighted shortcomings of the federal government “intelligence” (i.e., spy) agency, the National Security Agency (NSA). The article discusses the cover-up of a multi-billion dollar failure of a data-storage system called the “Trailblazer”. This program was not only a multi-billion dollar project to begin with, it was also admitted to be�far…
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U.S. Debt or Default: False Choice on Why the U.S. Debt Ceiling Should Not Be Raised


Thursday July 14th, 2011   •   Posted by Emily Skarbek at 5:16pm PDT   •   2 Comments

With the White House and the House of Representatives still at loggerheads over how to resolve the debt crisis, administration officials are turning up the heat, claiming that Washington has only two choices: increase the government�s borrowing capacity beyond the current $14.3 trillion limit or face a catastrophic U.S. Treasury default. If the latter…
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Unemployment Up to 9.2%: Obama Wants Far More Spending, Debt and Taxes


Friday July 8th, 2011   •   Posted by David Theroux at 5:38pm PDT   •   1 Comment

With the official unemployment rate having now risen to 9.2%, Patrick Buchanan notes in his new column, “An Establishment in Panic,” that another 7% are underemployed and economic growth is a very weak 1.8%. Obama’s predictable answer is higher taxes and to raise the federal debt ceiling so that even more spending and debt…
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The Daily Mail in London reports that the “U.S. military spends a cool $20 billion on air conditioning annually in Iraq and Afghanistan”. The U.S. military forks out a whopping $20.2billion a year on keeping troops in Iraq and Afghanistan cool, it has emerged. The alarming figure is more than NASA’s entire annual budget…
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Quality of Life Is Far Higher in Countries with Greater Economic Freedom


Friday July 1st, 2011   •   Posted by David Theroux at 6:09pm PDT   •   0 Comments

Here is an excellent new video on the relationship between economic freedom and economic and social well-being. The freer a country is, the higher the quality of life and more happiness, including less poverty, more prosperity, longer life spans, cleaner environment, less corruption, lower child mortality, more civil liberties, and less unemployment. Freer countries…
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Congressional Budget Office Predicts Federal Debt Is Getting Far Worse


Wednesday June 22nd, 2011   •   Posted by David Theroux at 10:19pm PDT   •   0 Comments

In “CBO Releases Daunting Long-Term Outlook,” Tim Fernholz at the National Journal reports that: Increasing federal debt will be a growing burden on government action, crowding out lawmakers� ability to adopt tax and spending priorities in good times and reducing flexibility during recessions, all while making a fiscal crisis more likely and hindering long-term…
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Federal Debt vs. Terrorism – Which Is a Bigger Threat?


Tuesday June 7th, 2011   •   Posted by Emily Skarbek at 3:49pm PDT   •   3 Comments

Last year, Americans believed Federal government debt to be just as dangerous as terrorism. According to the a June 2010 Gallup poll, 4 in 10 Americans ranked both Terrorism and Federal Debt as an “extremely serious” threat to the future well-being of the United States. One year later, Osama bin Laden is dead. The…
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House Rejects Raising National Debt Ceiling from $14.3 to $16.7 Trillion


Saturday June 4th, 2011   •   Posted by David Theroux at 7:01pm PDT   •   3 Comments

In the Washington Post, Lori Montgomery and Paul Kane report that with strong public support and White House opposition, the “House rejects proposal to raise debt ceiling” by voting down a measure that would raise the national debt ceiling by 16.8% from the current $14.3 trillion to a whopping $16.7 trillion. With an August…
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The Real Story of Big Government Spending in the U.S. Since 1932


Saturday June 4th, 2011   •   Posted by David Theroux at 11:36am PDT   •   0 Comments

Here is a great video presentation on the gigantic growth of Big Government federal spending and debt in the United States and its impact on the average America:

The Hidden Cost of the U.S. National Debt


Thursday May 26th, 2011   •   Posted by Craig Eyermann at 2:40pm PDT   •   1 Comment

What is the hidden cost that Americans are paying to have the U.S. federal government spend so much money? To answer that question, let’s take a closer look at when U.S. federal government spending really went out of control. Here, if we track the U.S. federal government’s spending [1] per U.S. household against median…
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