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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Angela Greiling Keane reports in a recent article at Bloomberg Businessweek, “A Bailout for the U.S. Postal Service?”, that the U.S. Postal Service’s costs “will exceed revenue by $2.7 billion, even after borrowing $3 billion from the U.S. Treasury, the annual legal limit. Total debt, now $12 billion, by law can’t exceed $15 billion….
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According to a Poll Position survey conducted in late October, 45 percent of Americans said �No� when asked whether the U.S. government should stop helping to fund NPR; 39 percent said �Yes.� Only those respondents identifying themselves as Republicans favored, by a 54 percent to 28 percent margin, ending taxpayer support for NPR. Given…
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Today, President Obama announced that his administration would freeze the pay of federal employees at their current level for two years.� Well, that’s a start, if the following chart from Political Calculations showing the relative pay and benefits of federal workers with respect to the average income earner in the private sector is any…
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In response to growing public opposition to the gigantic spending by the federal government, President Barack Obama in 2009 called on his Cabinet to identify a combined $100 million dollars in budget cuts compared to the $3.5 trillion federal budget as a whole (not including the $787 “stimulus package” or the $83 billion in…
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Politicians have been advocating a value added tax (VAT) for decades, and with the huge projected federal deficits interest in a VAT seems to be increasing lately. Last Spring Paul Volker was suggesting one, and David Theroux recently noted in his blog Paul Krugman�s support. Alice Rivlin and Pete Domenici suggest a 6.5% �debt…
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In an article at OneNewsNow.com, “I’m going to pay how much in taxes?”, Chris Woodward has recommended the Government Cost Calculator at MyGovCost.org: What is Washington’s spending costing you? A new website aims to answer that question. The website MyGovCost.org is an online calculator where taxpayers can learn what they will pay in taxes…
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The Government Cost Calculator has been recommended by Lee Doren at OpenMarket.org in “How Much Does Government Spending Cost.” With never-ending increases in government spending, citizens are often curious how much government actually costs them. In response to this question, The Independent Institute has launched MyGovCost.org, that features the personal government cost calculator to…
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As reported by the Washington Times, the federal government has paid out well over $1 billion to 250,000 deceased individuals over the past decade�and can�t figure out how to fix the problem, according to a new report from Senator Tom Coburn, M.D. �Washington paid for dead people�s prescriptions and wheelchairs, subsidized their farms, helped…
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One day after the massive electoral rebellion across the U.S. against the mega-spending policies of Washington, President Barack Obama embarks on a ten-day trip to Asia with 3,000 people at a cost of $200 million per day alone in Mumbai, India: “The huge amount of around $200 million would be spent on security, stay…
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