It’s easy to spend money on frivolous projects, when it’s not your money to spend. CBN News Washington Sr. Correspondent Paul Strand exposes various wasteful spending initiatives that makes one question, who even thinks of these things? Some of these projects are extremely creative, I will give Washington that much. More federal funding in the amount of…
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Richmond Times Dispatch reported a calculation of each individual’s “responsibility” to the debt. “The national debt is equal to $48,700 for every American or $128,300 for every U.S. household,” Forbes, R-4th, wrote in a January 24 blog post. “It is now equivalent to the size of our entire economy.” Those are some eye-catching numbers, so wanted to see…
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The Wall Street Journal reported that the White House informed Congress yesterday that they are once again reaching the debt ceiling limit. This quote that I found in the article was quite unsettling: But under procedures resulting from last August’s budget agreement that sought to avoid a government default, President Barack Obama could issue…
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As we await the release from the White House of their 2013 budget later this month, I thought it would be interesting to look into the 2012 budget plan released by The White House nearly a year ago. The “Overview” claims: Key Budget Facts The Budget includes more than $1 trillion in deficit reduction—two-thirds of it from…
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A recent Big Government article “It’s the Math, Stupid!: Seven Devastating Facts About 2012” discusses some upsetting numbers: Every day, the U.S. government takes in $6 billion and spends $10 billion. This means that every day the federal government spends $4 billion more dollars than it has. The real unemployment rate is a jaw-dropping 11 percent. Every fifth man you…
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Today, economist Richard Rahn discusses in his Washington Times op-ed “Government spending jobs myth” the Krugman/Keynesian fallacy that government spending produces jobs: If additional government spending could create more jobs, it would be expected that over the long run, the socialist or semisocialist economies would have full employment and the smaller-government, developed economies would have higher unemployment. Again, the…
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An article in The Wall Street Journal responded to the budget supercommittee’s inability to arrive at a decision. The article suggests the following: 1) Eliminate unnecessary federal programs The obvious place to begin is repealing ObamaCare and its expansion of spending. Programs like the federal Community Development Fund, which should fall under state and…
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An extraordinary article published today in Forbes discusses what we can learn from the European financial crisis: 1. Higher taxes lead to higher spending, not lower deficits. Miss Morandotti looks at the evidence from Europe and shows that politicians almost always claim that higher taxes will be used to reduce red ink, but the inevitable result…
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The government is leaving no stone unturned. A tax on Christmas trees was brought to the floor this week. Is nothing sacred? Christian Science Monitor reports: The so-called “Christmas Tree tax” had all the makings of a grand political theater. After the US Department of Agriculture (USDA) approved Tuesday a 15-cent tax on fresh Christmas…
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In the past, there has been a widely held view that if you followed the appropriate career development process, you could generally count on building a fairly successful future. Go to college, get your degree, apply for a job, work hard, and you are well on your way to achieving the American Dream. However,…
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