Archive for January, 2015

Why Is the Debt Rising Faster Than the Deficit?


Friday January 30th, 2015   •   Posted by Craig Eyermann at 5:12am PDT   •   1 Comment

Following a recent story that noted that the federal government’s budget deficit in its 2014 fiscal year was the smallest since 2007, the Wall Street Journal had some questions posed to them by their readers, the answers to which will already be long familiar to MyGovCost’s readers! Excerpting part of the article: You Ask,...
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Federal “Operation Choke Point” Abuses Americans


Wednesday January 28th, 2015   •   Posted by K. Lloyd Billingsley at 5:41am PDT   •   2 Comments

In recent years, government has been ramping up the deployment of federal agencies against the very citizens who pay for them. The National Security Agency, for example, has been conducting massive surveillance operations against innocent Americans. The Internal Revenue Service has been deployed against groups that favor smaller government and lower taxes. Now the...
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The Next 10 Years and Beyond


Tuesday January 27th, 2015   •   Posted by Craig Eyermann at 5:41am PDT   •   1 Comment

We’re going to summarize the key takeaways from the Congressional Budget Office’s just-released report, The Budget and Economic Outlook: 2015 to 2025, with just a picture and a quote. First, here’s the picture, which shows the expected trajectory of the U.S. government’s annual budget deficits under the CBO’s baseline projections, or rather, its best-case...
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Federal Double Standard on Debt


Monday January 26th, 2015   •   Posted by K. Lloyd Billingsley at 5:09am PDT   •   1 Comment

“People who owe old debts to the Social Security Administration are getting a reprieve this tax season,” explains Fox News. “The federal government won’t be seizing their tax refunds.” Before anybody starts celebrating, that requires some clarification. As we noted, the “debts” in question are highly dubious. Mary Grice, now 58, was four years...
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Failing the Test of Accountability


Saturday January 24th, 2015   •   Posted by Craig Eyermann at 11:22am PDT   •   1 Comment

If you were the federal government bureaucrat who is responsible for selecting an information technology (IT) company for a major computer software development project, would you select the same company that was responsible for producing the Healthcare.gov debacle? Perhaps “debacle” is too light a word. Reason‘s Peter Suderman describes a just-issued report by the...
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Same as the Old Boss?


Wednesday January 21st, 2015   •   Posted by K. Lloyd Billingsley at 5:27am PDT   •   2 Comments

As California Senate boss, Darrell Steinberg compiled quite a record of abuse and waste. In 2012, for example, he killed the California Channel’s live broadcast of hearings on four ballot measures dealing with taxes and spending, depriving voters of vital information. He compounded this censorship by claiming: “I pride myself on being open and...
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A Preview of the 2015 State of the Union Address


Tuesday January 20th, 2015   •   Posted by Craig Eyermann at 5:44am PDT   •   4 Comments

President Barack Obama will give his 2015 State of the Union Address to the United States Congress today. From a budget standpoint, here is a brief rundown of the major topics that the President will cover in his address. Bloomberg reports that: President Barack Obama will ask Congress for as much as $68 billion...
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California’s Bloated Judicial Bureaucracy


Monday January 19th, 2015   •   Posted by K. Lloyd Billingsley at 5:27am PDT   •   1 Comment

As we have noted, government never hesitates to waste money on projects of dubious utility. For example, commuters can get along quite well without California’s $68 billion high-speed rail boondoggle. The state does not need two massive tunnels under the Sacramento–San Joaquin Delta, but the governor wants to spend $25 billion the project. Likewise,...
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Tax Hikes to Fund Bureaucrat Pensions


Sunday January 18th, 2015   •   Posted by Craig Eyermann at 1:01pm PDT   •   2 Comments

Just before November 2014’s elections, we warned that a number of school bond issues that were appearing on voter ballots in the state of California were being advanced under false pretenses. Here, local governments and school boards were advocating that voters approve the school bond issues because they would fund needed improvements to public...
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The Widespread Misery Inherent in the System


Friday January 16th, 2015   •   Posted by K. Lloyd Billingsley at 5:47am PDT   •   4 Comments

Covered California, the Golden State’s wholly owned subsidiary of Obamacare, has been cancelling the coverage when people report changes in their income, changing their eligibility for tax credits. This problem exposes people to severe tax penalties but Covered California bosses blame it on their $454 million computer system. On the other hand, those turning...
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