The Washington Post reports that the National Commission on Fiscal Responsibility and Reform has come up with a plan to address the nation’s fiscal house of cards. The major points of the plan include: Deficit reductions by nearly $4 trillion over the next decade Large reductions in discretionary spending Tax code reform He hits…
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The New York Times has a wonderful tool for understanding how the recommendations of the presidential deficit commission could work to close the estimated annual budget shortfalls in the future. You simply go through and select spending cuts and tax increases until the budget shortfall is corrected for both in the present and future….
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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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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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Despite the threat of another mass labor protest scheduled in France tomorrow, President Sarkozy is promising the modest increase in the standard retirement age from 60 to 62 will pass the legislature. �Many of the French�protesters�are the students and youth�angry because they feel they are entitled to these “social protections”. Young people in the…
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The Associated Press reports that the Social Security Administration’s Inspector General has determined that: “More than 89,000 stimulus payments of $250 each went to people who were either dead or in prison, a government investigator says in a new report. “The payments, which were part of last year’s massive economic recovery package, were meant…
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In a recent article, the new TV, web and mobile media network RightNetwork recommends the Government Cost Calculator: “A new website created by the Independent Institute�located at www.MyGovCost.org�enables U.S. taxpayers to calculate the cost to themselves of major federal programs, such as Social Security, Medicare, and the economic stimulus package. . . .” For…
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In an incisive, recent article in the Wall Street Journal, Sara Murray reports that: “Efforts to tame America’s ballooning budget deficit could soon confront a daunting reality: Nearly half of all Americans live in a household in which someone receives government benefits, more than at any time in history. “At the same time, the…
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In Slate, James Ledbetter reports that “Social Security’s disability insurance is expensive, destructive, and out of control.” “Throughout the year, economists and both houses of Congress have debated whether to extend unemployment insurance for another 13 weeks, or 26 weeks, worried that the payments would bloat the deficit or, worse, actually cause people to…
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Independent Institute Senior Fellow William F. Shughart II‘s new article, “We must cut taxes, curb spending and crimp regulations,” is being syndicated by McClatchy-Tribune Information Services to newspapers across the United States and Canada, including the Sacramento Bee, Lexington Herald-Leader, Standard Times (Bedford, MA), Bellingham Herald, Albany Times-Union, Guelph Mercury, Kitchener Record, etc. “The…
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