Visual Capitalist Jeff Desjardins has a new take on how to visualize the sheer size of the U.S. government’s $19.5 trillion total public debt outstanding. In the chart below, you’ll discover that: The U.S. national debt is bigger than the value of the S&P 500. The U.S. national debt is greater than the combined…
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According to recent news reports, the Obama administration may have far more to answer for with respect to the $1.7 billion in U.S. taxpayer cash it has paid to Iran. The Wall Street Journal reports that after the U.S. first sent Iran equivalent of $400 million in foreign currency, loaded on wooden pallets in…
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The U.S.’ War on Terror has endured for 15 years and has cost U.S. taxpayers over 1.75 trillion dollars. MyGovCost is marking the occasion by illustrating its accumulating cost from year to year along with a timeline of the major events that have defined it. Timeline of Key Events in War on Terror from…
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In 2014, the Phoenix branch of the Department of Veterans Affairs became ground zero for the national health care rationing wait list scandal that rocked the federal agency. In response, both President Obama and the department’s bureaucrats pledged to implement reforms that would fix the problems that led to thousands of the nation’s veterans…
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In January 2016, the Obama administration transferred $1.71 billion to Iran from the U.S. Treasury. Of that money, the equivalent of $400 million in cash was directly flown to Iran in an unmarked Iranian cargo plane, predominantly in the form of small denomination Euros and Swiss francs that had been bundled and stacked on…
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Six years ago, the U.S. Congress passed the Telework Enhancement Act of 2010, which permitted eligible bureaucrats who work in the civilian portion of the executive branch of the U.S. federal government to telecommute to work. When the law was passed, lawmakers expected to realize several benefits, particularly in the nation’s capital: Less traffic…
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The CBO has issued its mid-year update to its Budget and Economic Outlook, which covers the years from 2016 through 2026. Here’s their summary of the main change in what they project for the next 10 years. CBO’s estimate of the deficit for 2016 has increased since the agency issued its previous estimates in…
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In 1996, construction began on a brand new major league ballpark in Phoenix, Arizona, which became the home of the Arizona Diamondbacks when it was completed and opened in 1998. Originally called Bank One Ballpark, the stadium is now known as Chase Field. The stadium cost $349 million to complete, of which, $238 million…
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The Department of Veterans Affairs has gotten itself into hot water with its Inspector General again, this time, for wasting over $292,492 to buy some 282 television sets for a new patient area in the John D. Dingell VA Medical Center in Detroit, Michigan that was never built, where the TVs were thus never…
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As much as we focus on the U.S. national debt, there’s a lot that we can learn from other governments whose national debts have surpassed their people’s ability to even hope to pay back their nation’s creditors. A very strong argument to be made that the nation with the worst problem arising from its…
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