The Government Cost Calculator has been recommended by Lee Doren at OpenMarket.org in “How Much Does Government Spending Cost.” With never-ending increases in government spending, citizens are often curious how much government actually costs them. In response to this question, The Independent Institute has launched MyGovCost.org, that features the personal government cost calculator to…
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HT: Chris Coyne
As the Wall Street Journal reports in an article by Mark Whitehouse, “Number of the Week: $10.2 Trillion in Global Borrowing”: $10.2 trillion: The amount of money advanced-nation governments will need to borrow in 2011 As the debts of advanced countries rise to levels not seen since the aftermath of World War II, it’s…
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As reported by the Washington Times, the federal government has paid out well over $1 billion to 250,000 deceased individuals over the past decade—and can’t figure out how to fix the problem, according to a new report from Senator Tom Coburn, M.D. “Washington paid for dead people’s prescriptions and wheelchairs, subsidized their farms, helped…
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The New Hampshire Union Leader reports that the U.S. Department of Agriculture has awarded the University of New Hampshire and outside researchers funding of $700,000 in corporate welfare to create “a computer model to help organic dairy farmers cut greenhouse gas emissions such as methane, because Beano probably isn’t an option.” Nitrogen- and carbon-based…
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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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The Economist provides an interesting video of Robert Rubin, among a panel of finance and economics experts, participating in a simulation of what a US State financial default might look like. HT: Jeff Hummel
One day after the massive electoral rebellion across the U.S. against the mega-spending policies of Washington, President Barack Obama embarks on a ten-day trip to Asia with 3,000 people at a cost of $200 million per day alone in Mumbai, India: “The huge amount of around $200 million would be spent on security, stay…
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In Tribune Media Services, The Washington Examiner and Townhall.com In his weekly, nationally syndicated column this morning, “GOP’s first order: Extend the Tax Cuts,” Cal Thomas encouraged voters to visit MyGovCost for a “handy” way of getting a clearer perspective on the implications that an expiration of the tax cuts will have on an…
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In a new article in the Washington Post, “Obama’s electric-car cult,” Charles Lane reveals how the massive subsidies for electric cars by the federal government “serve no particular purpose, environmental or economic”. The article cites: [A] new, 72-page report by J.D. Power and Associates, “Drive Green: The Global Automotive Industry Outlook” that confirmed, in…
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