Archive for February, 2011

58% Favor Government Shutdown Until Spending Cuts Are Agreed Upon and 61% Want Cuts


Monday February 28th, 2011   •   Posted by David Theroux at 8:36am PDT   •   4 Comments

Rasmussen Reports has released a new poll indicating that 58% of likely American voters prefer a partial shutdown of the U.S. government “until Democrats and Republicans can agree on what spending to cut” and 61% want less spending. As Republicans and Democrats in Congress haggle over the budget, most voters would rather have a...
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CBO: Jobs from Federal Government “Stimulus” Cost on Average $228,055 Each


Saturday February 26th, 2011   •   Posted by David Theroux at 5:15pm PDT   •   2 Comments

Matt Cover at CNSNews.com writes that the Congressional Budget Office (CBO) has just issued a new report, “Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2010 Through December 2010,” that indicates that: The jobs created and saved by the economic stimulus law that President Barack Obama...
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The Sidewalk to Nowhere


Friday February 25th, 2011   •   Posted by Craig Eyermann at 11:36am PDT   •   4 Comments

What is the stupidest thing that the U.S. federal government spent money on last year? You don’t have to be particularly partisan to realize that the potential list of really stupid things that the government spent money on last year is pretty long. After all, common sense alone should tell you that a not-so-small...
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MyGovCost Director Emily Skarbek in Star-Telegram: “Numbing Budget Numbers”


Wednesday February 23rd, 2011   •   Posted by Lindsay Boyd at 4:21pm PDT   •   0 Comments

One of the reasons federal spending has spiraled out of control in recent decades is that neither the public, nor the Congress, has any idea what the huge budget numbers really mean. Per capita income in the United States now stands at approximately $33,070. It’s higher in most urban areas. In the Dallas-Fort Worth...
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CBO: Repealing Obamacare Would Reduce Federal Spending by $1.4 Trillion Over 10 Years


Saturday February 19th, 2011   •   Posted by David Theroux at 4:36pm PDT   •   3 Comments

In an article at the American Spectator by Philip Klein, he reports on the new report from the Congressional Budget Office (CBO) that shows that repeal of Obamacare (“Patient Protection and Affordable Care Act”) would cut $1.4 trillion from projected federal spending over ten years. In addition, even greater cuts of $732 billion could...
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Obama’s 2012 Budget: $1.5 Trillion in New Taxes Over Ten Years?


Thursday February 17th, 2011   •   Posted by David Theroux at 12:18am PDT   •   3 Comments

Ryan Ellis from Americans for Tax Reform reports that President Obama’s proposed budget for fiscal year 2012 will create $1.5 trillion in new taxes over the next ten years. President Obama released his budget this morning. Rather than focusing on Washington’s over-spending problem, the budget calls for higher taxes on families and small businesses...
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Visualizing the President’s Budget Cuts


Tuesday February 15th, 2011   •   Posted by Craig Eyermann at 9:04am PDT   •   1 Comment

We wish we can claim credit for creating the following visualization of the budget cuts that President Obama has proposed for the U.S. government budget for 2012, but that properly belongs to Doug Ross. Enjoy! Let’s illustrate the magnitude of Obama’s cuts. Obama’s cuts aren’t even visible in this chart. Let’s zoom in. Blowing...
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Obama’s Bailout of Fannie Mae and Freddie Mac: $153 Billion and Counting


Saturday February 12th, 2011   •   Posted by David Theroux at 1:15pm PDT   •   4 Comments

Central to the federal government’s creation of the sub-prime mortgage bubble and the subsequent economic collapse and recession, Fannie Mae and Freddie Mac (“government-sponsored enterprises” or GSEs) are now the target of a massive new bailout by the Obama administration of $153 billion and counting, all in the name of winding these agencies down....
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How to Cut the 2011 Federal Budget by 2/3 and Have a $1.3 Trillion Surplus


Friday February 11th, 2011   •   Posted by David Theroux at 12:41pm PDT   •   22 Comments

In conjunction with its Government Cost Calculator, the Independent Institute is proposing cutting the 2011 Fiscal Year budget for the federal government by $2.5 trillion from the updated $3.7 trillion in spending projected by the Congressional Budget Office in January. The result would reduce federal spending by 67.6% with a surplus for the year...
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Binging on Washington Spending: “Jack Daniels Explains the Deficit”


Wednesday February 9th, 2011   •   Posted by David Theroux at 10:37pm PDT   •   2 Comments

Visually explained in terms of shots of Jack Daniels in this video, here is the $1.5 trillion U.S. deficit and the absolutely feeble proposal by the Republican leadership to cut $100 billion (oops, now $74 billion). Meanwhile, Democratic Senate Majority Leader Harry Reid ludicrously called the Republican proposal “unworkable” and “even more draconian than...
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