The Daily Mail in London reports that the “U.S. military spends a cool $20 billion on air conditioning annually in Iraq and Afghanistan”. The U.S. military forks out a whopping $20.2billion a year on keeping troops in Iraq and Afghanistan cool, it has emerged. The alarming figure is more than NASA’s entire annual budget…
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Here is an excellent new video on the relationship between economic freedom and economic and social well-being. The freer a country is, the higher the quality of life and more happiness, including less poverty, more prosperity, longer life spans, cleaner environment, less corruption, lower child mortality, more civil liberties, and less unemployment. Freer countries…
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In “CBO Releases Daunting Long-Term Outlook,” Tim Fernholz at the National Journal reports that: Increasing federal debt will be a growing burden on government action, crowding out lawmakers’ ability to adopt tax and spending priorities in good times and reducing flexibility during recessions, all while making a fiscal crisis more likely and hindering long-term…
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Last year, Americans believed Federal government debt to be just as dangerous as terrorism. According to the a June 2010 Gallup poll, 4 in 10 Americans ranked both Terrorism and Federal Debt as an “extremely serious” threat to the future well-being of the United States. One year later, Osama bin Laden is dead. The…
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In the Washington Post, Lori Montgomery and Paul Kane report that with strong public support and White House opposition, the “House rejects proposal to raise debt ceiling” by voting down a measure that would raise the national debt ceiling by 16.8% from the current $14.3 trillion to a whopping $16.7 trillion. With an August…
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Here is a great video presentation on the gigantic growth of Big Government federal spending and debt in the United States and its impact on the average America:
What is the hidden cost that Americans are paying to have the U.S. federal government spend so much money? To answer that question, let’s take a closer look at when U.S. federal government spending really went out of control. Here, if we track the U.S. federal government’s spending [1] per U.S. household against median…
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In “Stimulus price tag once again lurches higher,” Stephen Dinan reports in the Washington Times that according to the Congressional Budget Office, the cost of Obama’s “economic stimulus” package (American Recovery and Reinvestment Act of 2009 or ARRA) has now risen by another $40 billion. Congress’s chief scorekeeper said Wednesday that the price tag…
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Jed Graham in Investor’s Business Daily reports that a new study of the financial condition of Social Security and Medicare indicate that with baby boomer retirements, rising health costs, and the ongoing economic malaise, these federal entitlement programs are producing massive deficits in perpetuity unless major changes are made to cut these unsustainable liabilities….
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