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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The United States will officially pass the 100 percent debt-to-GDP line on Halloween. This is the first time this has ever happened since World War II. As Zero Hedge reports, We decided to dig into the actual numbers (cancelling out the per capital denominator as it is the same on both sides of the…
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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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The Occupy Wall Street demonstrations are lackluster at best. One troublesome aspect of the whole “movement” concerns the poor economic logic underlying their causes. The occupiers are targeting the wrong enemy when they claim corporate greed and income inequality caused by capitalism is generating the problems in Washington. These claims have been propagated by…
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As things stand today, if the U.S. Congress were to take absolutely no action, the maximum personal income tax rate in the United States will rise to 44.6% in January 2013. The American Enterprise Institute’s Alan Viard explains where that number comes from: In 2010, the top income tax rate bracket for ordinary income…
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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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Often on this blog we talk of all the wealth destroying actions of politicians and government. Today I think it is important that we celebrate the life of a hero of capitalism and markets: Steve Jobs. As this century’s entrepreneur, Jobs shaped the world we live in through constant innovation. His vision has led…
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We called it the “National Debt Death Spiral”. Well, hang onto your hats, because Greece’s version of this kind of man-made disaster is about to send that nation down the drain: Drowning in red ink, Greece has nowhere to turn to revive the economic growth that might put its debt on a sustainable trajectory,…
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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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