As this column observes, government costs are high because of new federal entitlements such as Obamacare, the federal stimulus program, excessive military spending, the war on drugs, bloated bureaucracy, and new federal agencies such as the Consumer Finance Protection bureau, to name just a few of the big-ticket items. Government costs also run high…
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“These people are collecting their hourly rates, flying out here to do whatever it is they do, eating peanuts and watching TV on the plane. When they get here, their usual hourly rate kicks in again. These guys are just rolling.” That may sound like a rant from some television tabloid but it’s actually…
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In October we noted that the U.S. Postal Service (USPS) had recently defaulted on a $5.6 billion mandate to pre-fund retiree health benefits, the second time in two months the USPS had failed to deliver. In August it failed to make a $5.5 billion retirement prepayment slated for last September, which Congress conveniently deferred….
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In an incisive, recent article in the Wall Street Journal, Sara Murray reports that: “Efforts to tame America’s ballooning budget deficit could soon confront a daunting reality: Nearly half of all Americans live in a household in which someone receives government benefits, more than at any time in history. “At the same time, the…
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