Edward P. Lazear (former Chairman, President’s Council of Economic Advisors; Jack Steele Parker Professor of Human Resources Management and Economics, Stanford University; Morris Arnold Cox Senior Fellow, Hoover Institution) proposes significant spending cuts, no tax increases, and most importantly�adoption of rule-based constraints on future government spending. What do you think�is limiting growth in government…
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“My fellow Americans, I come to you today with a heavy heart. We have a crisis on our hands. It is one of our own making. And it is one that leaves us with no good choices. For many years, our nation�s government has lived beyond its means…We have not faced the hard reality…
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Margo Thorning writes in the Wall Street Journal, “Pull the Plug on Electric Car Subsidies: They are costly and don’t do enough to protect the environment,” that the flow of taxpayer money into subsidizing plug-in electric vehicles (PEVs) is economically and environmentally harmful, a waste, and should be ended now. There are a lot…
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The Associated Press reports that the Congressional Budget Office (CBO) questions the claims of the Obama administration regarding projected budget deficits over the next ten years in which the White House overestimates tax revenues and savings from Medicare payments to doctors. A new assessment of President Barack Obama’s budget released Friday says the White…
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Jeffrey Anderson at The Weekly Standard reports that “Mandatory Spending to Exceed all Federal Revenues � 50 Years Ahead of Schedule”. We have now gotten to the point . . . where if national defense, interstate highways, national parks, homeland security, and all other discretionary programs somehow became absolutely free, we�d still have a…
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In “Is the U.S. Becoming a Welfare State?”, Daniel Indiviglio reports in The Atlantic that U.S. government entitlement programs now account for a whopping 35% of wages, up from 26% in 2008. Uncle Sam has been aggressively increasing Americans’ allowance recently. Government entitlement programs have grown to account for 35% of wages, according to…
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In an article in Politico, Brett Coughlin reports that the Government Accountability Office (GAO) estimates that at least 10% of all Medicare payments (a minimum of $48 billion) are fraudulent and that the federal Centers for Medicare and Medicaid Services (CMS) are unable even to identify an estimate of the degree of improper payments….
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The General Accountability Office (GAO) released a new report early Tuesday morning, identifying billions of dollars currently being spent on “duplicate federal programs”. �How does this happen? It’s simple, really. When a bureaucratic body fails to be efficient and accomplish the objectives of it’s charter, our enlightened, pork-loving representatives in Washington simply finance a…
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Rasmussen Reports has released a new poll indicating that 58% of likely American voters prefer a partial shutdown of the U.S. government “until Democrats and Republicans can agree on what spending to cut” and 61% want less spending. As Republicans and Democrats in Congress haggle over the budget, most voters would rather have a…
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Matt Cover at CNSNews.com writes that the Congressional Budget Office (CBO) has just issued a new report, “Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2010 Through December 2010,” that indicates that: The jobs created and saved by the economic stimulus law that President Barack Obama…
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