Archive for February, 2015

A Violation of the Antideficiency Act?


Thursday February 26th, 2015   •   Posted by Craig Eyermann at 8:31pm PDT   •   1 Comment

Under federal law, no agency or department can spend money on any discretionary purpose without authorization by the Congress of the United States. But apparently, when it comes to spending money to prop up the Affordable Care Act, neither the U.S. Treasury Department nor the Department of Health and Human Services can apparently be...
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How Much Will Obama’s Executive Action on Immigration Cost?


Tuesday February 24th, 2015   •   Posted by Craig Eyermann at 6:16am PDT   •   1 Comment

Comparing the spending in President Obama’s budget proposal for 2016 with his budget proposal for 2015 is turning out to be a very interesting exercise. It’s one that may shed much light on future spending for the roughly 5 million undocumented immigrants subject to the president’s controversial executive action on immigration announced last November....
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Wasted Energy


Monday February 23rd, 2015   •   Posted by K. Lloyd Billingsley at 5:03am PDT   •   1 Comment

The U.S. Department of Energy claims lineage from the Manhattan Project of World War II, and its official history cites none other than Albert Einstein. Actually, the DOE dates its inception from 1977: “[T]he twelfth cabinet-level department brought together for the first time within one agency two programmatic traditions that had long coexisted within...
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President Obama’s Reversal of Fortune – Part 2


Thursday February 19th, 2015   •   Posted by Craig Eyermann at 6:15am PDT   •   1 Comment

Let’s take a moment to flash back to the distant past of January 8, 2015. That Thursday was the day that President Obama bragged about the state of the recovery in the U.S. housing market, at least according to The Hill‘s report on the president’s claims: President Obama bragged Thursday it was “no accident”...
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Government Money Guzzlers


Wednesday February 18th, 2015   •   Posted by K. Lloyd Billingsley at 5:07am PDT   •   1 Comment

Californians are paying off $5 billion in cost overruns on the San Francisco–Oakland Bay Bridge, which came in, count ‘em, ten years late, with its safety still in doubt. Governor Jerry Brown wants to spend $68 billion on a “bullet train” that would be slower and more expensive than air travel. He also wants...
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President Obama’s Reversal of Fortune – Part 1


Sunday February 15th, 2015   •   Posted by Craig Eyermann at 11:10am PDT   •   0 Comments

Sometime between President Obama’s 2015 and 2016 budget proposals for the federal government, President Obama’s idealistic promises failed to meet the tests of the real world, and now Americans are being asked to pay the price. At least, that’s the distinct impression we have after considering the major changes in the amount of spending...
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Uncle Sam Losing Money on Student Loans


Tuesday February 10th, 2015   •   Posted by Craig Eyermann at 5:37am PDT   •   1 Comment

In 2009, the U.S. federal government effectively took over the student loan industry in the United States as one of President Barack Obama’s major initiatives. Seeing student loans as a way to boost the amount of revenue it collects from the low- and middle-income students who take out these loans to pay for higher...
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Bay Bridge Boondoggle Boss Escapes Accountability


Monday February 9th, 2015   •   Posted by K. Lloyd Billingsley at 8:52am PDT   •   3 Comments

As we have noted several times, the new eastern span of the San Francisco-Oakland Bay Bridge was $5 billion over budget and, count ‘em, ten years late. That’s a full decade but after all that time and money, safety issues linger with faulty welds and such, which California governor Jerry Brown dismissed with his...
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A 52.6% Income Tax Rate for the Middle Class?


Thursday February 5th, 2015   •   Posted by Craig Eyermann at 5:28am PDT   •   1 Comment

Political Calculations revisits the Zero Deficit Line: ********** How much would the U.S. federal government need spend per household to even come close to balancing the annual U.S. federal budget? The latest update to our Zero Deficit Line chart reveals the answer! Our estimated median household income of $53,601 in 2014 would correspond with...
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$13.2 Billion Bust Bilks Taxpayers


Wednesday February 4th, 2015   •   Posted by K. Lloyd Billingsley at 5:36am PDT   •   2 Comments

What do taxpayers get for $13.2 billion in government spending on mental health? Not much, according to a new report by California’s Little Hoover Commission. In fact, as David Siders explains in the Sacramento Bee, the state cannot even document whether the $13.2 billion even improved any Californians’ lives. That is the legacy of...
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