Archive for September, 2017

California’s BOE Nepotistas Get a Promotion


Tuesday September 19th, 2017   •   Posted by K. Lloyd Billingsley at 1:40am PDT   •   0 Comments

California’s Board of Equalization does not equalize anything, so even its name is misleading. It’s a tax agency, with a budget of more than $650 million, so no surprise that the BOE has misallocated $50 million in tax revenue and members use BOE events to promote their own careers, at taxpayer expense. State government...
Read More »

National Debt Passes Grim Milestone, but Growth Slows


Monday September 18th, 2017   •   Posted by Craig Eyermann at 6:42am PDT   •   0 Comments

The U.S. government’s total public debt outstanding finally surpassed the grim milestone of $20 trillion on September 8, 2017, following President Trump’s surprising deal with Congressional Democrats to suspend the statutory debt ceiling through December 15, 2017. On that Friday, the national debt jumped by $317.6 billion to reach $20.16 trillion. The total public...
Read More »

Government Nearing Default on Debt to Russia


Thursday September 14th, 2017   •   Posted by Craig Eyermann at 6:15am PDT   •   0 Comments

The government in question is that of Venezuela, which is nearing default as it is running out of resources to pay back the money it owes to its Russian creditors according to the terms it accepted when it chose to borrow money from them. MOSCOW, Sept 8 (Reuters) – Russian Finance Minister Anton Siluanov...
Read More »

Government Money Grab Is Institutionalized Abuse


Tuesday September 12th, 2017   •   Posted by K. Lloyd Billingsley at 1:29pm PDT   •   0 Comments

As hurricanes assail the nation, President Trump is tweeting up a storm on a “once-in-a-generation” opportunity to cut taxes and simplify the tax code. So far, the president is short on details, but he did say, “It’s your money, not the government’s money,” and tax reform should start with that reality. The money that...
Read More »

Dealing Away the Debt Ceiling


Monday September 11th, 2017   •   Posted by Craig Eyermann at 6:06am PDT   •   0 Comments

Following up President Trump’s surprising deal with Congressional Democrats to suspend the U.S. government’s statutory debt ceiling through December 15, 2017 as part of providing funding to support hurricane damage relief in Texas, Louisiana and Florida, President Trump also appears to have reached a “gentleman’s agreement” to permanently eliminate the statutory debt ceiling altogether....
Read More »

President Trump’s Surprising Debt Deal


Thursday September 7th, 2017   •   Posted by Craig Eyermann at 6:59am PDT   •   Comments Off on President Trump’s Surprising Debt Deal

While it won’t be news to MyGovCost readers, President Trump did indeed tie together aid to fund the recovery to large-scale damage caused in Texas and Louisiana by Hurricane Harvey with an increase in the U.S. government’s statutory debt ceiling. What may be surprising however is who he reached the deal to do both...
Read More »

High School Administrators Incented to VA-Style Fraud


Monday September 4th, 2017   •   Posted by Craig Eyermann at 10:56am PDT   •   Comments Off on High School Administrators Incented to VA-Style Fraud

In 2001, the U.S. Congress passed the “No Child Left Behind” Act, which promised to improve the academic performance of the nation’s K-12 schools in part by holding elementary and secondary school administrators to a higher level of accountability while also pouring up to $23 billion of federal spending annually into poorly performing local...
Read More »

Hurricane Harvey and the Debt Ceiling Storm


Friday September 1st, 2017   •   Posted by Craig Eyermann at 6:53am PDT   •   Comments Off on Hurricane Harvey and the Debt Ceiling Storm

Putting together a package of federal aid to assist the Americans who have been displaced from their homes and jobs in the destructive aftermath of Hurricane Harvey—and increasing the statutory debt ceiling of the U.S. government—would appear to be two entirely separate jobs for the U.S. Congress, but political realities will force the two...
Read More »

Facebook Twitter Youtube RSS

Search MyGovCost