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Archive for February, 2012

Thanks Uncle Sam! The Tale of the $725,000 Pizza Machine

Wednesday February 29th, 2012   •   Posted by Stephanie Freedman at 4:00pm PST   •   5 Comments

Remind me to take Uncle Sam on my next shopping spree because it seems like he’s up for purchasing anything! Here are more glorious examples him wasting taxpayer money courtesy The $725,000 Pizza Machine One all too common consequence of spending other people’s money is failure to think ahead. A telling example can…
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The U.S. Treasury Secretary On the President’s Budget

Monday February 27th, 2012   •   Posted by Craig Eyermann at 9:36am PST   •   1 Comment

Just in case anyone thought we were less than impartial in our analysis describing President Obama’s budget proposal for the federal government’s Fiscal Year 2013 (which will run from October 1, 2012 through September 30, 2013) as “unsustainable”, here is the official assessment of Timothy Geithner, the current U.S. Treasury Secretary: As for whether…
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$10 Billion in “Green” Corporate Welfare: Less Jobs and More Bankruptcies

Saturday February 25th, 2012   •   Posted by David Theroux at 7:22pm PST   •   3 Comments

In “Cost of $10 Billion Stimulus Easier to Tally Than New Jobs” in the Wall Street Journal, Ianthe Jeanne Dugan and Justin Scheck report that the mega-billions in corporate-welfare subsidies to solar, wind, geothermal and other “green” businesses (under section 1603 of the American Recovery and Reinvestment Act of 2009) have resulted in far…
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The Wrong Trajectories

Friday February 24th, 2012   •   Posted by Craig Eyermann at 6:19am PST   •   1 Comment

What does the future look like for the U.S. federal government’s spending, tax collections and national debt? We’ve taken a little deeper look at President Obama’s proposed budget for the federal government for Fiscal Year 2013, which provides the data needed to project the levels for each of these things through the year 2017….
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America’s Per Capita Government Debt Worse Than Greece

Thursday February 23rd, 2012   •   Posted by Stephanie Freedman at 4:11pm PST   •   7 Comments

Via The Weekly Standard: The office of Senator Jeff Sessions, ranking member on the Senate Budget Committee, sends along this chart, showing that “America’s Per Capita Government Debt Worse Than Greece,” as well as Ireland, Italy, France, Portugal, and Spain! Not that I can’t say I’m not shocked, but it is still quite sad.

The Growth of Government Under President Obama

Thursday February 16th, 2012   •   Posted by Craig Eyermann at 10:32am PST   •   19 Comments

How much has President Barack H. Obama grown the size of the U.S. government’s budget since coming into power in January 2009? If we go by President George W. Bush’s final Fiscal Year 2009 budget, in which the average amount of federal government spending for each year through Fiscal Year 2013 was projected to…
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Crony Capitalism and Phony Energy

Thursday February 16th, 2012   •   Posted by Emily Skarbek at 6:52am PST   •   0 Comments

A revolving door between green energy firms and the Department of Energy is a prime example of crony capitalism in full swing. As the Washington Post reports, rent-seeking businessmen like Sanjay Wagel are going where the money is. Following an enduring Washington tradition, Wagle shifted from the private sector, where his firm hoped to…
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Previewing the New Obama Budget

Saturday February 11th, 2012   •   Posted by Craig Eyermann at 9:10am PST   •   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…
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The Great Greek Default

Tuesday February 7th, 2012   •   Posted by Emily Skarbek at 10:27am PST   •   1 Comment

Just last October, Greece received a huge injection of bailout funds to help avert bankruptcy but the country remains on the brink of default. Greek Prime Minister Lucas Papademos plans to gather the nation’s political leaders in an attempt to garner consensus on the necessary budget cuts. But the party chiefs have only agreed…
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They Spent Taxpayer Money on What?!!

Monday February 6th, 2012   •   Posted by Stephanie Freedman at 3:22pm PST   •   7 Comments

It’s easy to spend money on frivolous projects, when it’s not your money to spend. CBN News Washington Sr. Correspondent Paul Strand exposes various wasteful spending initiatives that makes one question, who even thinks of these things? Some of these projects are extremely creative, I will give Washington that much. More federal funding in the amount of…
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