Archive for August, 2017

End of Operation Choke Point Good News for Abused Americans


Wednesday August 23rd, 2017   •   Posted by K. Lloyd Billingsley at 8:35am PDT   •   Comments Off on End of Operation Choke Point Good News for Abused Americans

With President Trump getting so much press, a few hangovers from the previous administration have managed to escape notice. As we noted, Operation Choke Point, supposedly a measure against consumer fraud, pressured financial institutions doing business with allegedly “high risk” companies. These included Ponzi schemes, payday lenders, escort services and such, but the DOJ...
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Will Trump End Antiquities Act Road Show?


Monday August 21st, 2017   •   Posted by K. Lloyd Billingsley at 11:31am PDT   •   Comments Off on Will Trump End Antiquities Act Road Show?

Since 1996, U.S. presidents have deployed the 1906 Antiquities Act to create 27 national monuments, including the Grand Staircase-Escalante National Monument and Bear Ears, both in Utah, and the 1.6 million-acre Mojave Trails National Monument in California, created in early 2016. President Donald Trump calls this a “massive federal land grab” that unilaterally puts...
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Federal Government Layoffs in the Works


Monday August 21st, 2017   •   Posted by Craig Eyermann at 6:31am PDT   •   Comments Off on Federal Government Layoffs in the Works

For a very long time, the employees of the U.S. government have had it really good. According to the Congressional Budget Office, the combination of regular wages with extremely generous benefits puts the total compensation of the federal government employees well ahead of their peers in the private sector. But that’s not all. Downsizing...
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The Curse of Corporate Welfare


Thursday August 17th, 2017   •   Posted by Craig Eyermann at 6:38am PDT   •   Comments Off on The Curse of Corporate Welfare

When it comes to the amount of money that’s wasted by governments, it’s hard to beat corporate welfare for both its size and its endurance. All too often, once a company is gifted with taxpayer money to “stimulate the economy” or to “stabilize the market” or to “keep jobs here”, it opens the door...
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Transit Boss Bonanza Stresses Taxpayers


Monday August 14th, 2017   •   Posted by K. Lloyd Billingsley at 1:59pm PDT   •   Comments Off on Transit Boss Bonanza Stresses Taxpayers

In California’s capital of Sacramento, rapid transit has been in terrible shape, but not for lack of spending on management. As we noted, after hiring Mike Wiley as manager, the RT district plunged into financial distress, tapping reserve accounts to balance its budget and raising fares 10 percent. Though a major bust as transit...
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The Return of the Debt Ceiling, 2017 Edition


Monday August 14th, 2017   •   Posted by Craig Eyermann at 6:26am PDT   •   Comments Off on The Return of the Debt Ceiling, 2017 Edition

In what is almost an annual tradition now, the U.S. Congress will soon come up on the deadline where it must either approve a new increase in the statutory debt ceiling, the total amount of public debt outstanding that the U.S. government is officially allowed to have on its books, or risk defaulting on...
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A Failure to Execute in Washington D.C.


Thursday August 10th, 2017   •   Posted by Craig Eyermann at 6:15am PDT   •   Comments Off on A Failure to Execute in Washington D.C.

Earlier this week, MyGovCost celebrated the termination of a wasteful spending program that would save $10 million a year. That success however must be measured against Washington D.C.’s projected $4,100,000 million ($4.1 trillion) spending, where a $10 million reduction is not any more than the barest amount of nibbling around the edges. Part of...
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More Costs Flowing from Government Dam Negligence


Wednesday August 9th, 2017   •   Posted by K. Lloyd Billingsley at 12:08pm PDT   •   Comments Off on More Costs Flowing from Government Dam Negligence

National Water Quality Month is turning out rather dry in California, but trouble will soon be washing up in court. Farmers and business owners have filed more than 90 claims against the state government for causing a total of $1.7 billion in losses from the spillway failure at Oroville Dam back in February. Might...
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The Death of myRA


Monday August 7th, 2017   •   Posted by Craig Eyermann at 6:22am PDT   •   1 Comment

There is fantastic news coming out from Washington D.C. this week. The U.S. Treasury Department is shutting down a money-losing retirement account program that was aimed at getting low income-earning Americans to invest their retirement savings in its very low interest rate-paying U.S. Treasury bond fund for U.S. government employees (the Thrift Savings Plan...
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The Case of the Phantom Frog


Thursday August 3rd, 2017   •   Posted by Craig Eyermann at 6:07am PDT   •   Comments Off on The Case of the Phantom Frog

Imagine if land that had been held in your family for decades were suddenly subject to new environmental regulations that would severely limit what you could do on that land, where you would not be able to do things like build a new house on it, cut down trees on it, or even to...
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