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Archive for March, 2012

Zero Credibility

Thursday March 29th, 2012   •   Posted by Craig Eyermann at 6:09am PDT   •   1 Comment

To the nearest round number (hint!), how much support do President Obama’s budget proposals from the last two years have in the U.S. Congress? The answer may be found here: President Obama’s budget was defeated 414-0 in the House late Wednesday, in a vote Republicans arranged to try to embarrass him and shelve his…
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Don Boudreaux on Public Debt

Tuesday March 27th, 2012   •   Posted by Emily Skarbek at 7:33am PDT   •   2 Comments

Readers of MyGovCost will likely be interested in this week’s Econtalk podcast with Don Boudreaux on the nature and significance of public debt. Roberts and Boudreaux begin by discussing debt at the household level and then work to draw out which lessons apply to the spending of a federal government. In doing so, the…
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18 Fun Ways to Waste Taxpayer Dollars

Monday March 26th, 2012   •   Posted by Craig Eyermann at 8:22am PDT   •   3 Comments

We’ve previously highlighted some of the content of Senator James Coburn’s Wastebook project, but in introducing the 2011 edition when it came out, we skipped over some of the lower dollar expenditures that, well, were just really wacky. Like a $592,000 study on why chimpanzees throw poop! Fortunately, Money Morning’s David Zeiler didn’t skip…
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The President’s Men and Their Plans

Thursday March 22nd, 2012   •   Posted by Craig Eyermann at 6:44am PDT   •   7 Comments

David Axelrod, the man behind many of President Obama’s political strategies, recently had the following to say on why the leaders of the President’s political party in the U.S. Senate, have failed to produce any budget for the U.S. government in over 1,040 days, despite being legally required to do so and holding a…
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“Green” Firm Gets Subsidies to Sell Solar Panels to Itself!

Monday March 19th, 2012   •   Posted by David Theroux at 4:18pm PDT   •   2 Comments

In “Firm sells solar panels — to itself, taxpayers pay” in the Washington Examiner, Timothy Carney reports that First Solar has received $17.3 million in corporate-welfare subsidies from the Obama administration and then an additional $455.7 million in loan guarantees from the Export-Import Bank to purchase its own solar panels: A heavily subsidized solar…
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CBO: White House Budget Breaks the Debt Deal

Sunday March 18th, 2012   •   Posted by Craig Eyermann at 5:00pm PDT   •   3 Comments

Last summer, President Obama and the leaders of the U.S. Congress reached a deal that would constrain the federal government’s discretionary spending (spending on things other than the mandatory spending to support Social Security, Medicare, Medicaid or to pay interest on the national debt). As documented by the White House itself, the deal which…
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The Net Costs of “ObamaCare”

Thursday March 15th, 2012   •   Posted by Craig Eyermann at 9:44am PDT   •   4 Comments

How much will the Patient Protection and Affordable Care Act (a.k.a. “ObamaCare”) really cost over a 10 year long period? According to the Congressional Budget Office, far more than the Obama administration has previously been willing to acknowledge. The Washington Examiner’s Philip Klein reports: President Obama’s national health care law will cost $1.76 trillion…
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Another Day, Another Taxpayer Waste

Tuesday March 13th, 2012   •   Posted by Stephanie Freedman at 9:16am PDT   •   6 Comments

I realize that I might be getting a tad redundant by reporting all these aggravating ways that the government is wasting our hard earned money, but I can’t get enough of the stupidity of some of these “investments.” Story via  #1 The U.S. government is spending $750,000 on a new soccer field for detainees held at Guantanamo Bay. #2 The…
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Why Promised Spending Cuts Never Happen

Monday March 12th, 2012   •   Posted by Craig Eyermann at 6:22am PDT   •   2 Comments

The blog Kids Prefer Cheese is one of the real gems in the world of blogs dealing with economic topics. It’s primarily written by a pair of economists writing under the pseudonyms “Angus” and “Mungowitz” (in reality, “Kevin Grier” and “Michael Munger“), and what makes the blog so good is the authors’ use of…
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Half of Biggest Obama Funders Given White House Jobs

Saturday March 10th, 2012   •   Posted by David Theroux at 5:07pm PST   •   3 Comments

In a new report from the Washington Post, “The Influence Industry: Obama gives administration jobs to some big fundraisers,” T.W. Farnam reports that while Obama campaigned on “the most sweeping ethics reform in history” and has criticized money in politics: More than half of Obama’s 47 biggest fundraisers, those who collected at least $500,000…
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