Posts Tagged ‘George W. Bush’

Federal Government Debt Undermines the Programs It Finances


Wednesday January 23rd, 2013   •   Posted by Randall Holcombe at 9:08am PST   •   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…
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Cost of U.S. Military Intervention in Libya: Forbes Says $2 Billion Per Day?


Tuesday March 29th, 2011   •   Posted by David Theroux at 8:43pm PDT   •   0 Comments

In the new article, “The Real Cost of U.S. in Libya? Two Billion Dollars Per Day,” Loren Thompson at Forbes now reports that the real cost of Obama’s war in Libya is $2 billion per day! The one thing most experts seem to agree on about the current coalition air campaign in Libya is…
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The Defense Budget: Ignorance Is Not Bliss


Sunday March 13th, 2011   •   Posted by Winslow Wheeler at 6:27pm PDT   •   4 Comments

Polling from Pew and Gallup reveals major public misconceptions about the defense budget. Fifty-eight percent of Americans know that Pentagon spending is larger than any other nation, but almost none know it is up to seven times that of China. Most had no idea the defense budget is larger than federal spending for education,…
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U.S. Debt Rose by a Whopping $105.8 Billion in January


Saturday February 5th, 2011   •   Posted by David Theroux at 10:47pm PST   •   0 Comments

Terence Jeffrey reports at CNSNews.com that according to the U.S. Treasury Department, federal debt is rising at near record rates and if continued, Fiscal Year 2011 could produce a $1.708 trillion deficit, marking it second only to Fiscal Year 2009’s $1.89 trillion. The federal debt increased by $105.8 billion ($105,835,837,302.32) in January, according to…
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U.S. Government Liabilities Leaped $2 Trillion in Fiscal 2010


Tuesday December 21st, 2010   •   Posted by David Theroux at 5:48pm PST   •   0 Comments

In an article from Reuters, David Lawder reports that a new U.S. Treasury report of cash holdings, “The Financial Report of the United States,” shows that the U.S. government went into greater debt in fiscal year 2010 to the tune of additional $2 trillion. Unfortunately, the report does not include the massive land, minerals,…
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New Letter to the Deficit Commission on Cutting Bloated Defense Spending


Saturday November 20th, 2010   •   Posted by Winslow Wheeler at 12:30pm PST   •   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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Federal Government Employees Receiving $150,000 Has Soared Tenfold in Five Years


Thursday November 11th, 2010   •   Posted by David Theroux at 5:42pm PST   •   0 Comments

In an article in USA Today, “More federal workers’ pay tops $150,000,” Dennis Cauchon reports that: The number of federal workers earning $150,000 or more a year has soared tenfold in the past five years and doubled since President Obama took office, a USA TODAY analysis finds. The fast-growing pay of federal employees has…
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Federal Reserve to Spend $1 Trillion More as “Economic Stimulus”


Thursday November 4th, 2010   •   Posted by David Theroux at 6:28am PDT   •   0 Comments

In the new Wall Street Journal article, “Fed Fires $600 Billion Stimulus Shot,” Jon Hilsenrath reports that the day after the stunning mid-term elections that clearly were a referendum against the Keynesian spending binge of Presidents George W. Bush and Barack Obama, the Federal Reserve has launched another gigantic “stimulus” measure exactly like what…
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We Must Cut Taxes, Curb Spending and Crimp Regulations


Saturday September 4th, 2010   •   Posted by David Theroux at 1:07am PDT   •   2 Comments

Independent Institute Senior Fellow William F. Shughart II‘s new article, “We must cut taxes, curb spending and crimp regulations,” is being syndicated by McClatchy-Tribune Information Services to newspapers across the United States and Canada, including the Sacramento Bee, Lexington Herald-Leader, Standard Times (Bedford, MA), Bellingham Herald, Albany Times-Union, Guelph Mercury, Kitchener Record, etc. “The…
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The Costs of the Federal Bailouts


Friday September 3rd, 2010   •   Posted by William Shughart at 12:12am PDT   •   0 Comments

Ever since the bursting of the real estate bubble became evident at the end of 2007, Washington has been on a spending spree to avert events that, in its collective judgment, threatened the stability and solvency of the U.S. financial system and economy as a whole. Although the U.S. economy has experienced recurrent cycles…
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