Posts Tagged ‘government spending’

3 Reasons Why the Debt-Ceiling Debate Is Full of Malarkey


Friday July 15th, 2011   •   Posted by Emily Skarbek at 11:59am PDT   •   5 Comments

The BIG FOUR Enter the Discourse of Debt


Monday April 4th, 2011   •   Posted by Emily Skarbek at 7:13am PDT   •   0 Comments

No, I am not referring to the Allied Leaders in WWI, college basketball, or the top accounting firms in the U.S. The BIG FOUR of the Budget are Medicare, Medicaid, Social Security and Defense. Together they make up around 65% of non-discretionary spending. Today, the New York Times and Wall Street Journal are running…
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Economist Edward Lazear Says Taxation Won’t Cut It


Monday March 28th, 2011   •   Posted by Emily Skarbek at 10:49am PDT   •   1 Comment

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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New Video on Spending and Debt Crises for State Governments


Thursday March 17th, 2011   •   Posted by David Theroux at 2:40pm PDT   •   0 Comments

FreedomWorks has produced a very timely new video, “We Won Wisconsin—But the Fight Goes On,” on the very serious, looming crises for state government across the U.S., as a result of the unsustainable entitlements, government employee union costs, and other spending and debt.

Veronique de Rugy on the State Pension Time Bomb


Tuesday March 8th, 2011   •   Posted by Emily Skarbek at 10:29am PST   •   0 Comments

Over at Reason Magazine, Veronique de Rugy illuminates the State Pension problem by drawing attention to the differences in accounting rules applied by the market and the government. As de Rugy notes, states are not required to pony up regular contributions to pension systems and they systematically underestimate the liabilities in pension funds. State…
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Visualizing the 2011 Federal Spending Debate


Wednesday January 26th, 2011   •   Posted by Craig Eyermann at 7:42am PST   •   1 Comment

If you want to quickly see how President Barack Obama and the Congressional Democrats’ federal government spending proposal for 2011 stacks up against what Congressional Republicans have in mind, shown against a background illustrating the trend in U.S. federal government spending since 1967, here you go! References 1 Obama, Barack. The State of the…
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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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17 Shocking Statistics About the U.S. National Debt


Sunday January 9th, 2011   •   Posted by David Theroux at 8:40pm PST   •   1 Comment

Michael Snyder reports on seventeen statistics on the unsustainable nature of reckless U.S. government spending and debt. 1. As of December 28th, 2010, the U.S. national debt was $13,877,230,355,933.00. 2. If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it…
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Steve Forbes and Benjamin Powell Discuss the Tax Deal on Freedom Watch


Wednesday December 15th, 2010   •   Posted by Emily Skarbek at 10:38am PST   •   1 Comment

On Monday’s Freedom Watch on Fox Business Channel, Judge Andrew Napolitano asks Steve Forbes about regime uncertainty created by Congress and the changing tax system. Independent Institute Research Fellow Benjamin Powell advocates deep spending cuts and making the temporary tax cuts permanent. Then, in the next segment, Judge Napolitano and Dr. Powell critique the…
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Why the U.S. Spending Stimulus Has Failed


Sunday December 5th, 2010   •   Posted by David Theroux at 1:54pm PST   •   1 Comment

In a new article in the Wall Street Journal, “Why the Spending Stimulus Failed: New economic research shows why lower tax rates do far more to spur growth,” Stanford University economist Michael Boskin examines how and why the U.S.’s $814 billion economic stimulus has failed. For many years now, Independent Institute Senior Fellow Robert…
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