Archive for December, 2010

New York City Government Employee Unions Snarl Blizzard Cleanup to Protest Budget Cuts?


Thursday December 30th, 2010   •   Posted by David Theroux at 11:41pm PDT   •   0 Comments

In a stunning article in the New York Post, “Sanitation Department’s slow snow cleanup was a budget protest,” Sally Goldenberg, Larry Celona and Josh Margolin report that “a group of guilt-ridden sanitation workers” have now confessed that government union leaders in New York City “ordered their drivers to snarl the blizzard cleanup to protest...
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The Lessons of History


Thursday December 30th, 2010   •   Posted by Craig Eyermann at 8:15am PDT   •   2 Comments

Now that we’re almost to the end of the year, where many look back at the previous twelve months to find lessons to learn and apply in making their New Year’s resolutions, what can we learn from history where the U.S. national debt is involved? Quite a lot actually, as Arnold Kling recently did...
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Dear 112th Congress: Let Us Introduce You to the “Zero Deficit Line”


Wednesday December 29th, 2010   •   Posted by Lindsay Boyd at 4:26pm PDT   •   2 Comments

As many Americans prepare to face those well-intended, but oft-abandoned New Year’s resolutions, what changes in resolve should the new 112th Congress be targeting? We prepare to close the books on the 111th Congressional agenda, but now what? In this exclusive MyGovCost.org Policy Analysis, economist and creator of the Government Cost Calculator, Craig Eyermann,...
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Housing Regulation, Taxation and Population Growth


Wednesday December 29th, 2010   •   Posted by Emily Skarbek at 10:57am PDT   •   0 Comments

In a great post over at Economix, Ed Glaeser makes the point that the absence of disastrous housing regulation explains why states like Arizona and Texas have the highest growth rates in population. “The future shape of America is being driven not by quality of life or economic success but by the obscure rules...
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And Now a Bailout for the U.S. Postal Service?


Monday December 27th, 2010   •   Posted by David Theroux at 6:16pm PDT   •   0 Comments

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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Closing the Books on the Worst Congress


Sunday December 26th, 2010   •   Posted by David Theroux at 8:37pm PDT   •   1 Comment

In a new editorial in the Washington Examiner, “Closing the books on the worst Congress,” the 111th U.S. Congress is described as “reckless and destructive.” This is the Congress that passed Obamacare, against the wishes of a substantial majority of the public, on Christmas Eve of last year. In the dead of night, Democratic...
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MGC Director Emily Skarbek on KMED Radio with Bill Myer: Tax Cuts? Let’s Calculate


Thursday December 23rd, 2010   •   Posted by Lindsay Boyd at 10:51am PDT   •   1 Comment

MyGovCost Director Emily Skarbek was a guest on KMED Radio with Bill Myer on Friday, December 17th to discuss the potential financial fall-outs from the latest tax-cut legislation and the importance of personalizing these policies for a clearer understanding of our fiscal conditions. FoxNews is reporting that the latest legislation has produced more favorable...
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The Debt-Inflation Cycle and the Global Financial Crisis


Wednesday December 22nd, 2010   •   Posted by Emily Skarbek at 10:16am PDT   •   2 Comments

Is the title of a new working paper by Peter Boettke and Chris Coyne of George Mason University. The abstract of the paper reads: Writing over 230 years ago, Adam Smith noted the ‘juggling trick’ whereby governments hide the extent of their public debt through ‘pretend payments.’ As the fiscal crises around the world...
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U.S. Government Liabilities Leaped $2 Trillion in Fiscal 2010


Tuesday December 21st, 2010   •   Posted by David Theroux at 5:48pm PDT   •   0 Comments

In an article from Reuters, David Lawder reports that a new U.S. Treasury report of cash holdings, “The Financial Report of the United States,” shows that the U.S. government went into greater debt in fiscal year 2010 to the tune of additional $2 trillion. Unfortunately, the report does not include the massive land, minerals,...
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What This Year’s Deficit Is Worth


Tuesday December 21st, 2010   •   Posted by Craig Eyermann at 7:47am PDT   •   1 Comment

Just this past summer, the amount of the U.S. budget deficit would be for Fiscal Year 2010 was, at that time, estimated to be 1.47 trillion dollars, which is a big number. So big, in fact, that the Washington Post’s Ariana Eunjung Cha did some math to express that 1,470,000,000,000 figure into more familiar...
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