In a stunning article in the New York Post, “Sanitation Department’s slow snow cleanup was a budget protest,” Sally Goldenberg, Larry Celona and Josh Margolin report that “a group of guilt-ridden sanitation workers” have now confessed that government union leaders in New York City “ordered their drivers to snarl the blizzard cleanup to protest…
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Now that we’re almost to the end of the year, where many look back at the previous twelve months to find lessons to learn and apply in making their New Year’s resolutions, what can we learn from history where the U.S. national debt is involved? Quite a lot actually, as Arnold Kling recently did…
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As many Americans prepare to face those well-intended, but oft-abandoned New Year’s resolutions, what changes in resolve should the new 112th Congress be targeting? We prepare to close the books on the 111th Congressional agenda, but now what? In this exclusive MyGovCost.org Policy Analysis, economist and creator of the Government Cost Calculator, Craig Eyermann,…
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In a great post over at Economix, Ed Glaeser makes the point that the absence of disastrous housing regulation explains why states like Arizona and Texas have the highest growth rates in population. “The future shape of America is being driven not by quality of life or economic success but by the obscure rules…
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Angela Greiling Keane reports in a recent article at Bloomberg Businessweek, “A Bailout for the U.S. Postal Service?”, that the U.S. Postal Service’s costs “will exceed revenue by $2.7 billion, even after borrowing $3 billion from the U.S. Treasury, the annual legal limit. Total debt, now $12 billion, by law can’t exceed $15 billion….
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In a new editorial in the Washington Examiner, “Closing the books on the worst Congress,” the 111th U.S. Congress is described as “reckless and destructive.” This is the Congress that passed Obamacare, against the wishes of a substantial majority of the public, on Christmas Eve of last year. In the dead of night, Democratic…
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MyGovCost Director Emily Skarbek was a guest on KMED Radio with Bill Myer on Friday, December 17th to discuss the potential financial fall-outs from the latest tax-cut legislation and the importance of personalizing these policies for a clearer understanding of our fiscal conditions. FoxNews is reporting that the latest legislation has produced more favorable…
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Is the title of a new working paper by Peter Boettke and Chris Coyne of George Mason University. The abstract of the paper reads: Writing over 230 years ago, Adam Smith noted the ‘juggling trick’ whereby governments hide the extent of their public debt through ‘pretend payments.’ As the fiscal crises around the world…
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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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Just this past summer, the amount of the U.S. budget deficit would be for Fiscal Year 2010 was, at that time, estimated to be 1.47 trillion dollars, which is a big number. So big, in fact, that the Washington Post’s Ariana Eunjung Cha did some math to express that 1,470,000,000,000 figure into more familiar…
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