Posts Tagged ‘Congressional Budget Office’

New Letter to the Deficit Commission on Cutting Bloated Defense Spending


Saturday November 20th, 2010   •   Posted by Winslow Wheeler at 12:30pm PDT   •   0 Comments

The Honorable Erskine Bowles National Commission on Fiscal Responsibility and Reform 1650 Pennsylvania Avenue, N.W. Washington, DC 20504 Dear Mr. Bowles: We are writing to you and other members of the President’s National Commission on Fiscal Responsibility and Reform as individuals who have worked in national security affairs for decades for the Department of…
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Shovel-Ready Stimulus Sightings


Tuesday November 16th, 2010   •   Posted by Robert Higgs at 4:31pm PDT   •   1 Comment

A funny thing happened on the way to the voting booth: Americans discovered that most federal “stimulus” funds were being used to stimulate government, not the economy. I was on the road recently, driving from my home in southeast Louisiana through a long stretch of Mississippi to Tuscaloosa, Ala., then to the outskirts of…
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OneNewsNow.com Recommends the Government Cost Calculator


Thursday November 11th, 2010   •   Posted by David Theroux at 6:35pm PDT   •   0 Comments

In an article at OneNewsNow.com, “I’m going to pay how much in taxes?”, Chris Woodward has recommended the Government Cost Calculator at MyGovCost.org: What is Washington’s spending costing you? A new website aims to answer that question. The website MyGovCost.org is an online calculator where taxpayers can learn what they will pay in taxes…
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U.S. Spending Up 21.4% in Two Years, $3.45 Trillion for 2010


Thursday October 14th, 2010   •   Posted by David Theroux at 2:24am PDT   •   1 Comment

The Wall Street Journal notes in a new article, “The 2010 Spending Record: In two years, a 21.4% increase”: “Perhaps you missed it, but then so did the Washington press corps. Late last week the Congressional Budget Office released its preliminary budget tallies for fiscal year 2010, and the news is that the U.S….
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MyGovCost enables us to understand impact of federal spending


Saturday October 2nd, 2010   •   Posted by David Theroux at 1:58am PDT   •   1 Comment

In a new article in the Washington Examiner, “For a frugal Gal, I have got a lot of debt,” Tina Korbe discusses the merits of the Government Cost Calculator at MyGovCost.org: “Among my friends, I’m known for my frugality. I budget scrupulously, log every purchase I make in a ledger and often forego even…
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“The government can’t even get out of its own way.”


Tuesday September 28th, 2010   •   Posted by David Theroux at 7:22am PDT   •   1 Comment

In a new article in the Wall Street Journal, Louise Radnofsky traces the bureaucratic stranglehold of federal, state and local governments that has directly hindered the spending of the Obama administration’s “stimulus” funding from the federal government. Specifically, she examines the malaise resulting from the roadblocks to insulate homes in Detroit because of restrictions…
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Obstacle to Deficit Cutting: A Nation on Entitlements


Tuesday September 21st, 2010   •   Posted by David Theroux at 11:24pm PDT   •   1 Comment

In an incisive, recent article in the Wall Street Journal, Sara Murray reports that: “Efforts to tame America’s ballooning budget deficit could soon confront a daunting reality: Nearly half of all Americans live in a household in which someone receives government benefits, more than at any time in history. “At the same time, the…
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The Flaws of Social Security


Friday September 3rd, 2010   •   Posted by Anthony Gregory at 6:13pm PDT   •   1 Comment

Far from being an investment program, Social Security is a pay-as-you-go operation where new revenues are spent immediately and future entitlements are funded exclusively through the promise to tax workers in the future, many of whom haven’t even been born yet. It is taxation without representation in the most cynical sense. The program is…
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