A new poll show that Americans believe that the government wastes half of what is spends. The current estimate of 51 cents wasted on the dollar is similar to what Gallup measured in 2009, but marks the first time Americans believe more than half of federal spending is wasted. The low point in the…
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John Stossel talks job creation today with Fox News: Hiring doesn’t come from new laws. It comes when government gets out of the way and leaves all of us with simple and predictable rules.Given time, an economy, unless crippled by government intervention, will regenerate itself. An economy is not a machine that needs jumpstarting. The…
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I stumbled across an old article in our archive from 2 years ago that caught my eye. Research Fellow Randall G. Holcombe in “Transforming America: The Bush-Obama Stimulus Programs” discusses harmful policies and warns us of their implications. George W. Bush’s and Barack Obama’s “stimulus” programs will permanently transform the American economy. The market-based…
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In an article by Tad DeHaven called “The Stimulus: The Government Job Creation Myth” discusses how in 2009 the president’s economists claimed that their $862 billion “stimulus” package was the jump start the economy needed. We were told that its passage would keep unemployment from going above 8 percent. Instead, unemployment has remained close to…
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In a recent Gallup Poll, Americans were asked their sentiment on the various business sectors. For the first year the federal government rated LAST on the list with a positive view at 17%, leaving 63% disgruntled. Gallup explains the results: The sectors Americans view most negatively have all had well-publicized problems in recent years….
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John Steele Gordon talks numbers in the Wall Street Journal article “A Short Primer on the National Debt” : In absolute numbers, the total public debt as of Aug. 11 was $9.924 trillion, and the intra-government debt was $4.666 trillion, for a total of $14.587 trillion. That’s well over 300 million times the country’s median…
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I read an interesting article today and wanted to hear people’s feedback. The Digital Journal ran a piece called “Pay Down the National Debt Instead of Contributing to Political Campaigns” The article announces: Today, the Association to Reduce the National Debt launched the “Campaign Dollars to Debt Reduction” program to give Americans an alternative…
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MyGovCost has just launched MyGovCost mobile! Whether it be a conversation at work, an event, or any circumstance where you are unable to access a computer, you now have the ability to obtain the calculations wherever you are! Just go to “mygovcost.org” on your mobile device and you should be automatically redirected to the mobile version of…
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Today, The Economist is facilitating a discussion between the two sides of the stimulus debate. On one side of the spectrum is Richard C. Koo, Chief economist at Nomura Research Institute, who opens his argument with: Monetary policy is largely useless in this type of recession because those with balance sheets underwater are not interested in…
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The Economist had a thing or two to say about the debt deal that was reached this week. The article “Nuts and bolts” asserts: As for long-term fiscal consolidation, the deal also falls short. Total deficit reduction of $2.4 trillion is less than the $4 trillion that bipartisan groups and political leaders had more…
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