Archive for October, 2010

The Obama Spending Future


Sunday October 31st, 2010   •   Posted by Craig Eyermann at 7:20pm PDT   •   5 Comments

We’ve been digging through the White House’s budget projections for Fiscal Year 2009, which was produced under President Bush’s tenure, and Fiscal Years 2010 and 2011, which were both produced under President Obama’s direction, to compare how much of the U.S. taxpayers’ money each would have planned to spend in the years from 2010...
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$168 Billion in Government Aid to College Students: Only 53% Ever Graduate


Sunday October 31st, 2010   •   Posted by David Theroux at 3:05am PDT   •   5 Comments

A new report from the John William Pope Center for Higher Education Policy assembles key facts regarding the serious problems in American colleges and universities regarding poor performance and the gigantic scale of government funding. Here are some example findings: • Only 29% of college graduates achieve a score of “proficient” on national literacy...
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Congressional Candidate Likes the Independent Institute but Not Bureaucratic Spendaholics


Friday October 29th, 2010   •   Posted by Lindsay Boyd at 11:41pm PDT   •   1 Comment

While MyGovCost.org and the Independent Institute do not endorse political candidates, Mark Grannis—the “Libertarian alternative” candidate in Maryland’s 8th Congressional District race—endorsed us in an interview with The Washington Post on Thursday, October 28th. Grannis cites the Independent Institute, which launched MyGovCost.org on August 31st (and is here on Facebook), among his civic activities—which...
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The Obama Deficit Future


Friday October 29th, 2010   •   Posted by Craig Eyermann at 7:18pm PDT   •   0 Comments

Do you remember back in April 2010, when the administration was trumpeting how much better the expected budget deficit for 2010 was going to be? When, magically, the White House’s Office of Management and Budget’s projection of the expected deficit dropped by just over $300 billion U.S. dollars from its originally forecast value of...
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How Many More Trillion$ for Defense?


Wednesday October 27th, 2010   •   Posted by Joshua Kaplan at 7:28pm PDT   •   2 Comments

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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The Independent Institute’s MyGovCost.org Gives Voters A Government Cost Calculator


Monday October 25th, 2010   •   Posted by Lindsay Boyd at 8:41pm PDT   •   0 Comments

Voting on Nov. 2nd? Find Out How Much Is Really at Stake October 25, 2010— In 9 days, you will have the opportunity to walk into a voting booth and make a choice. The health of our economy and financial responsibility of our representatives in Congress are two of the largest concerns being addressed...
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Britain to Cut 600,000 Government Jobs to Reduce Debt and Waste


Wednesday October 20th, 2010   •   Posted by David Theroux at 8:47pm PDT   •   1 Comment

BBC News reports in “Spending Review: Osborne wields axe,” that faced with the largest government debt in Europe, British Chancellor of the Exchequer George Osborne has announced that the UK government will make the biggest spending reductions since World War II, cutting on average 19% from spending and 500,000 government jobs, including the budgets...
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U.S. National Debt Up $3 Trillion on Obama’s Watch


Wednesday October 20th, 2010   •   Posted by David Theroux at 8:46pm PDT   •   2 Comments

In an article at CBSNews.com, “National Debt Up $3 Trillion on Obama’s Watch,” Mark Knoller reports that: “New numbers posted today on the Treasury Department website show the National Debt has increased by more than $3 trillion since President Obama took office. “The National Debt stood at $10.626 trillion the day Mr. Obama was...
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What Should Californians Learn About Pension Reform from the French?


Monday October 18th, 2010   •   Posted by Emily Skarbek at 10:27pm PDT   •   6 Comments

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 Ethanol Bailout: EPA Expands Industry Pork


Monday October 18th, 2010   •   Posted by David Theroux at 1:56am PDT   •   0 Comments

As the Wall Street Journal reports in an article, “The Ethanol Bailout: EPA does the industry another big favor,” the Environmental Protection Agency has stepped in to expand the pork for ethanol producers: Scenes from a bailout: Last week, the Environmental Protection Agency decided to make the ethanol lobby’s guaranteed “market” even larger. Shares...
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