Posts Tagged ‘Barack Obama’

The President’s $17 Billion Helicopter Fleet


Monday May 26th, 2014   •   Posted by K. Lloyd Billingsley at 7:13am PDT   •   1 Comment

Taxpayers calculating the cost of government should remain on full alert for waste on all fronts, but particularly in the military. Consider, for example, this story in the Daily Beast about the new fleet of presidential helicopters. These will be “the most expensive helicopters ever made,” with each one logging in at $400 million,…
Read More »

Federal War on the Press, Continued


Wednesday October 23rd, 2013   •   Posted by K. Lloyd Billingsley at 10:29am PDT   •   2 Comments

The current executive branch of the federal government claims to be the most transparent in history but actually shows unprecedented hostility toward the news-gathering process. That is not a Tea Party press release but an ongoing story that emerged in some detail in a recent CSPAN session headed by Leonard Downie Jr., former executive…
Read More »

The National Debt Made Simple (Presidential Edition)


Saturday September 21st, 2013   •   Posted by Mary Theroux at 12:15pm PDT   •   0 Comments

With the national debt soon to reach $17 trillion, it’s not surprising that even the President can’t quite grasp the concepts of the debt ceiling and our national debt (see: “Raising the Debt Ceiling … Does Not Increase Our Debt“)—numbers this size are notoriously difficult for any of us to accurately conceive. That’s why…
Read More »

Federal Government Debt Undermines the Programs It Finances


Wednesday January 23rd, 2013   •   Posted by Randall Holcombe at 9:08am PDT   •   1 Comment

Just looking at the rate at which the federal government’s debt is growing is unnerving. If you’re brave, you can look here. The table shows federal debt on September 30 of each year, the end of the federal government’s fiscal year. The numbers almost speak for themselves. About 37.6% of that debt was accumulated…
Read More »

“Green” Firm Gets Subsidies to Sell Solar Panels to Itself!


Monday March 19th, 2012   •   Posted by David Theroux at 4:18pm PDT   •   2 Comments

In “Firm sells solar panels — to itself, taxpayers pay” in the Washington Examiner, Timothy Carney reports that First Solar has received $17.3 million in corporate-welfare subsidies from the Obama administration and then an additional $455.7 million in loan guarantees from the Export-Import Bank to purchase its own solar panels: A heavily subsidized solar…
Read More »

Previewing the New Obama Budget


Saturday February 11th, 2012   •   Posted by Craig Eyermann at 9:10am PDT   •   2 Comments

USA Today reports that the difference between what the federal government under President Obama will have spent in 2012 and how much it will collect in taxes and other revenue sources will be $1.33 trillion: The budget, an outline of which was released by the White House Friday night, will show a higher deficit…
Read More »

Crony Capitalism XL


Tuesday January 24th, 2012   •   Posted by Emily Skarbek at 3:40pm PDT   •   2 Comments

Crony capitalism is the theme of tonight’s “State of the Union” address. Warren Buffet’s longtime secretary, Debbie Bosanek will be seated next to Michelle Obama at tonight’s speech. Bosanek has recently become the White House’s new symbol for higher taxes and what the administration terms “economic fairness”. But fairness couldn’t be farther from the…
Read More »

From Brazil, With Love….


Tuesday November 29th, 2011   •   Posted by Craig Eyermann at 7:12am PDT   •   3 Comments

How dependent has the United States government under President Barack Obama become upon borrowing money from foreign sources to support its spending? Would you believe the answer is: “enough to exclude a long-time U.S. manufacturer from consideration for a defense contract in favor of a foreign-based manufacturer, despite the U.S. manufacturer having invested considerable…
Read More »

A Look into the Two Sides of the Stimulus Debate


Tuesday August 23rd, 2011   •   Posted by Stephanie Freedman at 8:52am PDT   •   1 Comment

Today, The Economist is facilitating a discussion between the two sides of the stimulus debate. On one side of the spectrum is Richard C. Koo, Chief economist at Nomura Research Institute, who opens his argument with: Monetary policy is largely useless in this type of recession because those with balance sheets underwater are not interested in…
Read More »

The Real Story of Big Government Spending in the U.S. Since 1932


Saturday June 4th, 2011   •   Posted by David Theroux at 11:36am PDT   •   0 Comments

Here is a great video presentation on the gigantic growth of Big Government federal spending and debt in the United States and its impact on the average America:

Facebook Twitter Youtube

Search MyGovCost