�Solyndra�s power solutions offer strong return on investment and make great business sense.� That is a rather strange claim for the website of Solyndra Inc., accessed on August 29, 2012 no less. Some history is in order. Solyndra was the first renewable energy firm to get federal stimulus money and bagged $535 million in…
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The Wall Street Journal reports in “Ethanol vs. the World: The corn fuel mandate is raising food prices and hurting the poor,” that the massive federal corporate welfare subsidies to corn farmers and mandates for ethanol production are “a man-made disaster that could be stopped if the EPA or others in Washington cared for…
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In “Cost of $10 Billion Stimulus Easier to Tally Than New Jobs” in the Wall Street Journal, Ianthe Jeanne Dugan and Justin Scheck report that the mega-billions in corporate-welfare subsidies to solar, wind, geothermal and other “green” businesses (under section 1603 of the American Recovery and Reinvestment Act of 2009) have resulted in far…
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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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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:
Independent Institute Research Fellow Emily Skarbek is interviewed here by Nick Gillespie of Reason TV regarding the Institute�s very timely and far-reaching Government Cost Calculator. The Calculator enables any American to clearly understand three aspects of federal government spending. First, the Calculator helps you determine how much a person will pay for various federal…
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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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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.
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 the new article on runaway spending from the Pentagon, “How Many More Trillion$ for Defense?”, Independent Institute Research Fellow Winslow Wheeler explains the dire need for effective budgetary controls over the Pentagon.� As it stands the Pentagon “is literally ‘unauditable.’” �Since Sept. 11, 2001, Congress and the Defense Department have added more than…
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