For years now, many high-ranking state and local government officials around the United States have been exceptionally generous in promising and providing big pensions to the police, firefighters, and civilian government employees in return for their their political activism and support in their communities. At the same time, they have been counting on getting…
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It’s a list that none of us wanted to see, but thanks to the wasteful spending of the federal government, one that has been dutifully assembled by U.S. Senator James Lankford: Federal Fumbles: 100 Ways the Government Dropped the Ball, Vol. 2. Like its predecessors, U.S. Senator Jeff Flake’s Wastebook (formerly produced by James…
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Since the U.S. federal government’s fiscal year cycled over to FY2017 on October 1, 2016, the growth of U.S. government’s total public debt outstanding has accelerated. If that faster growth rate holds at the average pace through November 23, 2016, just before Thanksgiving, then the total public debt outstanding will exceed $20 trillion sometime…
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In the days leading up to the November 8, 2016 elections, RealClearPolicy featured a number major policy ideas from across the ideological spectrum in the U.S. on how to manage the fiscal policy of the federal government after President Obama’s tenure in office comes to an end on January 20, 2017. The Progressive Policy…
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The Committee for a Responsible Federal Budget wrapped up its analysis of the 2016 fiscal year back on November 2. When they did, they produced the following chart showing what the future of the U.S. government’s budget deficits will be even if all of the winners of all of 2016’s elections for national office…
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What should the U.S. government’s fiscal policies look like after the election we just had? Writing at RealClearPolicy, James Capretta tackled that question before the election, before anyone really appreciated that Donald Trump would beat Hillary Clinton in the race for the White House. And with that being the case, he begins by describing…
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It’s not often that you can capture the precise moment when a culture of corruption within a government agency becomes fully institutionalized. Normally, that’s a very slow process, in which tolerance of bad behavior by government employees increases gradually over time, until one day the corruption becomes fully dominant and can avoid any scrutiny…
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CNBC recently featured an op-ed by Peter Tanous, in which the noted author and investment advisor warns of a potential economic catastrophe that none of the 2016 election’s presidential candidates is seriously addressing. The nation’s dire predicament, Tanous argues, is a direct result of how the extraordinary runup of the national debt during the…
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From the time that Barack Obama was sworn into office as the U.S. President on January 20, 2009, to the time the next president is sworn into office in January 2017, the total public debt outstanding will have nearly doubled. Since it started at $10.6 trillion, to call that a massively huge run-up in…
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On Tuesday, November 8, 2016, Americans face a dismal choice between what many believe to be the two worst presidential candidates ever nominated in the same election by the major political parties during their lifetimes. Faced with such lousy choices, voters might want to consider ways in which they can use their vote in…
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