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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In the following, insightful, new video, Independent Institute Research Fellow Benjamin Powell reveals “Why Washington only cut $38 billion” recently from federal spending because as public choice economics shows, special interests prevail over the average citizen by utilizing the political process to redistribute wealth and power from the many to the few (and costs…
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In a new article in the Philadelphia Inquirer, “Grasping budget’s billions and trillions: Incomprehensibly huge numbers mask real burdens,” Independent Institute Research Fellow Emily Skarbek (Director of the Government Cost Calculator) discusses the meaning and absurdity of the $3.8 trillion federal budget and the meaningless reforms being proposed. Taxpayers might have strong feelings about…
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Independent Institute Senior Fellow Richard K. Vedder, a member of the Council of Economic Advisors for the Institute’s Government Cost Calculator, was interviewed by International PressTV on January 12th. In the interview, Dr. Vedder explains that President Obama has done nothing to rectify either the U.S. or international debt crisis. Indeed, under the Obama…
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Dr. Emily Skarbek, director of the�Government Cost Calculator at the Independent Institute, was interviewed by International PressTV on Friday,�January 14th. Listen to Emily�as she explains the government’s three options on this�gigantic debt crisis: pay the debt, maintain it, or repudiate it. The article and video can be viewed�here.
In�this new article on the continual spending and stretching of the budget, Dr. Emily Skarbek explains the temptations for the new Congress to spend wastefully and heighten the debt ceiling. Equating Congress and the ever-expanding budget to over-eaters, Dr. Skarbek says that small intervals of “another ten pounds” are causing an extreme obesity crisis…
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Are there any limits to the federal government�s power to regulate commerce? U.S. District Judge Henry Hudson has promised a decision on this issue before the end of this year. Judge Hudson is presiding over the Commonwealth of Virginia�s challenge to the Patient Protection and Affordable Care Act (better known as Obamacare), which forces…
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In Tribune Media Services, The Washington Examiner and Townhall.com In his weekly, nationally syndicated column this morning, “GOP’s first order: Extend the Tax Cuts,” Cal Thomas encouraged voters to visit MyGovCost for a “handy” way of getting a clearer perspective on the implications that an expiration of the tax cuts will have on an…
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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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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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