For a very long time, the employees of the U.S. government have had it really good. According to the Congressional Budget Office, the combination of regular wages with extremely generous benefits puts the total compensation of the federal government employees well ahead of their peers in the private sector. But that’s not all. Downsizing…
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When it comes to the amount of money that’s wasted by governments, it’s hard to beat corporate welfare for both its size and its endurance. All too often, once a company is gifted with taxpayer money to “stimulate the economy” or to “stabilize the market” or to “keep jobs here”, it opens the door…
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In what is almost an annual tradition now, the U.S. Congress will soon come up on the deadline where it must either approve a new increase in the statutory debt ceiling, the total amount of public debt outstanding that the U.S. government is officially allowed to have on its books, or risk defaulting on…
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Earlier this week, MyGovCost celebrated the termination of a wasteful spending program that would save $10 million a year. That success however must be measured against Washington D.C.’s projected $4,100,000 million ($4.1 trillion) spending, where a $10 million reduction is not any more than the barest amount of nibbling around the edges. Part of…
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There is fantastic news coming out from Washington D.C. this week. The U.S. Treasury Department is shutting down a money-losing retirement account program that was aimed at getting low income-earning Americans to invest their retirement savings in its very low interest rate-paying U.S. Treasury bond fund for U.S. government employees (the Thrift Savings Plan…
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Imagine if land that had been held in your family for decades were suddenly subject to new environmental regulations that would severely limit what you could do on that land, where you would not be able to do things like build a new house on it, cut down trees on it, or even to…
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Uniforms are a big deal at the U.S. Department of Defense for outfitting the members of the nation’s military branches, particularly its Battle Dress Uniforms (BDUs), which incorporate camouflage among other technologies to help protect the lives of American service members who will be engaged in combat operations. As part of that mission, the…
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Social Security’s Trustees have released their annual report for 2017, which updates their view of the fiscal health of the single largest government program in the United States. To provide some sense of scale, the program paid out $922 billion to 61 million Americans in 2016, for an average benefit of over $15,000 per…
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Illinois has kicked the can down the road for the state’s debts and liabilities. Last week, Moody’s credit rating service announced that it would sustain its current rating for the state of Illinois at Baa3, one level above “junk” status, making Moody’s the third of three major credit rating agencies to not take the…
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While running for office, Donald Trump pledged to reduce the regulatory burden for Americans while also increasing the amount of spending to support federal law enforcement agencies in their work, much of which involves enforcing federal laws and regulations. Budgets are about priorities, so perhaps it isn’t much of a surprise that President Trump’s…
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