Here is a classic commentary written by Senior Fellow Robert Higgs “Why Less Government Spending Would Mean Less Economic Trouble” written June 23, 2010 for the Christian Science Monitor: Many economists say deficit spending is crucial to keeping the economy moving. But history tells a different story. ————— Though our current economic troubles are complex, many mainstream economists…
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Last week the congressional super committee discussed the large decisions they have ahead regarding spending cuts. At its fourth public meeting, the 12-member panel heard testimony from Congressional Budget Office director Douglas Elmendorf and debated discretionary spending, which includes defense and education and excludes mandatory outlays for Medicare and other programs. With the fast…
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In a recent article Americans ‘Hooked on Government’ as Record Number Get Benefits, the San Francisco Chronicle sheds light on the staggering numbers of American dependency on government handouts. A record 49 percent of Americans live in a household where someone receives at least one type of government benefit, according to the U.S. Census…
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The larger the federal government umbrella is, the more susceptible it is to fraud. Recent fraud cases within the Long Island Rail Road prove this to be true. The New York Times reports this morning: Eleven people, including two doctors and a former union president, were charged on Thursday in a “massive fraud scheme” in which…
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As budget proposals are being released, one must ask themselves what they are looking for in a proposal they can truly get behind. One that balances the budget with out raising taxes? Creates a system that does not regulate enterprise and deter job growth? Gov. Rick Perry released his “Cut, Balance, and Grow” Plan which…
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Here at MyGovCost we are dedicated to keeping our followers updated on current topics regarding government spending. I think it is fine time to start highlighting proposed solutions as well. Presidential candidate Ron Paul released his “Plan to Restore America” which proposes savings of $1 trillion the first year alone: SPENDING: Cuts $1 trillion in…
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Jim Clifton, Chairman of Gallup, whose job is to watch the rise and fall of numbers week after week, offers advice: Don’t allow your local constituencies to look to Washington. Washington has something for you that is unsustainable or even worse, unhealthy. Free money eventually makes you more dependent. Free money, entitlements, more bureaucracy, less of…
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It seems like the Solyndra debacle has not gotten Washington’s attention. Business Insider reports: SolarReserve is getting a $737 million loan guarantee which was announced Wednesday by U.S. Energy Secretary Steven Chu. Coincidentally, the project which is risking $737 million to power 43K homes, is located in the Majority Leader’s home state of Nevada. Florida U.S….
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CEI recently wrote an article discussing a statement made by Former Obama OMB Director Peter Orszag: To fix it, (the economy) “We need ways around our politicians. The first would be to expand automatic stabilizers—those tax and spending provisions that automatically expand when the economy weakens, thereby cushioning the blow, and automatically contract as…
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The Federal Reserve announced the arrival of “Operation Twist”. The policy is just as shady as it sounds. What is “Operation Twist” you ask? NPR explains: The Fed has at its disposal one key tool: interest rates. So when Fed officials are worried about unemployment, they try to drive down interest rates, in an…
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