“These people are collecting their hourly rates, flying out here to do whatever it is they do, eating peanuts and watching TV on the plane. When they get here, their usual hourly rate kicks in again. These guys are just rolling.” That may sound like a rant from some television tabloid but it’s actually…
Read More »
The assets of Americans 35 or older have dropped 22 percent since 2007, according to Pew Research, and the decrease is because of high unemployment, a weak housing market, and a sluggish economy. Americans now learning hardship first-hand might consider the way members of Congress are attempting to tighten their belts in light of…
Read More »
The answer is revealed in the chart below, which appeared as part of Dylan Grice’s commentary in the March 13, 2013 edition of the Edelweiss Journal: The chart shows the accumulated amount of U.S. government-issued debt for each quarter from 2009-Q1 through 2012-Q3. The Federal Reserve began accumulating U.S. government-issued debt once again in…
Read More »
According to Byron York, Republicans are gearing up to defund Obamacare. Senators Ted Cruz and Mike Lee want a vote on a budget amendment to defund the president’s government healthcare plan but the Senate Republican caucus remains “deeply divided” about such a move, which of course the Democrats oppose. Whatever the politics involved, a…
Read More »
Today marks a very auspicious occasion—the first time since April 29, 2009 that the U.S. Senate will have acted to fulfill its responsibilities under the nation’s law and pass a budget! Basically, that means that the U.S. government has mostly been on spending autopilot for the last 1,414 days. Not that their idea of…
Read More »
Britain’s Court of Appeal has tossed the lawsuit of Tesla boss Elon Musk against Britain’s popular “Top Gear” program. In 2008 host Jeremy Clarkson called the electric Tesla roadster “an astonishing technical achievement” adding “it’s a shame that in the real world it doesn’t seem to work.” That is, he found that the car…
Read More »
We weren’t planning on making “How Washington D.C. Works (Or Not)” into a regular series, but then, we can’t make this stuff up and the politicians keep generating fresh material! Today’s example of how our federal government works, or doesn’t really, is from March 7th, when the U.S. Centers for Disease Control Director Tom…
Read More »
How much more are the employees of the federal government compensated than their peers in the private sector? The Congressional Budget Office released a study in 2012 that took factors like age, skills, experience, education, employer size and occupation into account, to do as close to an apples-to-apples comparison as possible. The chart below…
Read More »
Mark Trumbull of DC Decoder notes that, according to the Congressional Budget Office federal tax revenue will hit $2.7 trillion this year, a record that would surpass the $2.6 trillion in 2007, before the recession started. This strengthens the case of those who say the problem must be excessive government spending. But the $2.7…
Read More »
The M-1 Abrams tank can pulverize a building at a distance of more than two miles and proved its worth in Iraq and Afghanistan. If one of these tanks is headed your way you might have a problem, but now the United States military has a problem with the tank beyond its reported unsuitability…
Read More »
 |
 |
 |