Showing posts with label Federal Spending. Show all posts
Showing posts with label Federal Spending. Show all posts

Thursday, October 10, 2013

3 Reasons to Fix Social Security Now!

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Wednesday, January 23, 2013

Raising the Debt Limit? No Problem...IF you have Kids....

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Friday, June 15, 2012

VIDEO: Senator Tom Coburn on the “Debt Bomb”

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Energy Prices Outlook: Crude Oil & Natural Gas

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Thursday, May 10, 2012

Neal McCluskey discusses federal student loan forgiveness programs on FOX's Special Report

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Daniel J. Mitchell on the French elections on FBN's The Willis Report

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Wednesday, February 8, 2012

Nearly Half of All Americans Don't Pay Income Taxes

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More than 70 Percent of Federal Spending Goes to Dependence Programs



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Monday, November 7, 2011

Government Spending is the Problem, Not Revenue

The November 23 deadline is nearing, and the “super committee,” created by the Budget Control Act, is still dealing with its mandate to find $1.5 trillion in deficit reduction savings. One of the ideas being tossed around is to RAISE taxes in order to reduce the deficit. But as the chart below shows, inadequate tax revenue is NOT the problem, way too much spending is.

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Tuesday, October 18, 2011

Did Canada Steal Our Tenth Amendment?

By Chris Edwards at The Cato Institute. See link - Did Canada Steal Our Tenth Amendment? - or read below.

Under the U.S. Constitution, the federal government was assigned specific limited powers, and most government functions were left to the states. To ensure that people understood the limits on federal power, the Framers added the Tenth Amendment: “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.” Those delegated powers are “few and defined,” noted James Madison.

But the Tenth Amendment has disappeared. No one has seen it in recent decades. But I’ve found some statistics that make me very suspicious that the Canadians stole the Tenth. Look at the pie charts below. The top pie shows that 71 percent of total government spending in the United States is federal, while 29 percent is state/local. (See BEA tables 3.1, 3.2, 3.3 for 2010 data).

Back when we still had the Tenth, that ratio was the other way around—like how the bottom chart looks for Canada today. In Canada, federal spending accounts for just 38 percent of total government spending, while provincial/local spending accounts for 62 percent. (See Canada Yearbook for 2010/11 data.)



Actually, the real culprit for the missing Tenth is not the Canadians, but the U.S. Congress. In recent decades, Congress has undertaken many activities that were traditionally reserved to state and local governments. A primary method has been through “grants-in-aid.” These are federal subsidies combined with regulatory controls that micromanage state and local affairs. In United States, federal grants are about 4.1 percent of GDP (in fiscal 2011), while in Canada they are about 3.3 percent of GDP.

Even more striking: while we’ve got a complex mess of more than 1,000 state grant programs, Canada seems to have just a handful, and they are simple block grants. As I understand it, Canada’s federal grants to lower governments mainly just include:
  • A health care block grant
  • A social services block grant
  • An “equalization” block grant to help the poor provinces.
There is a smattering of other aid, but that’s just about it. There are no federal subsidies for K-12 education in Canada, for example. There are a few large block grants and not much else.

“What Can the United States Learn from Canada.” Perhaps we can learn how to get our decentralized federation back. While we’re at it, we could get some tips on how to cut government spending, as the Canadians did in the 1990s.

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Friday, September 30, 2011

Obama and the Solyndra Scandal

For those who are vaguely aware of the Solyndra scandal, but don’t know just how deep Obama and Biden stepped in it; here’s a quick video put out by IER (a free-market energy think tank). In short, the Obama Administration fast tracked Solyndra's loan application, and now $535,000,000 million dollars of American tax payer money is gone along with 1,000 "green" jobs.

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Friday, September 16, 2011

Government Spending Doesn't Create Jobs

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Friday, August 26, 2011

The Budget Cuts - What Congress Really Passed

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The Price of a U.S. Credit Rating Downgrade

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U.S. Foreign Aid Does Not Translate into Votes in the U.N. General Assembly

Since World War II, these United States has engaged in an international giveaway program by spending billions of dollars each year to aid foreign nations. There is no constitutional authority for Congress to spend money in that fashion. These expenditures have won us no friends or votes, and constitute a major drain on the resources of our taxpayers.


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Friday, August 19, 2011

The Federal Budget in Terms of a Family Budget

The following is an excerpt from a letter from a Louisiana lawyer regarding the federal budget deficit. I also heard Rush talk about it on his radio program. He puts it in terms of a family budget.

The U.S. Congress sets a federal budget every year in the trillions of dollars.

• U.S. income: $2,170,000,000,000
• Federal Budget; $3,820,000,000,000
• New debt: $1,650,000,000,000
• National Debt: $14,271,000,000,000
• Recent budget cut: $38,500,000,000

To put the 2011 federal budget into perspective, let’s remove EIGHT zeros from these numbers and pretend this is the household budget for the fictitious Jones family.

• Total annual income for the Jones family for the year: $21,700
• Amount of money the Jones family spent for the year: $38,200
• Amount of new debt added to the credit card for the year: $16,500
• Outstanding balance on the credit card: $142,710
• Amount cut from the budget: $385

So, in effect, last month Congress, or in this example the Jones family, sat down at the kitchen table and agreed to cut $385 from its annual budget. What family would cut $385 of spending in order to solve $16,500 in deficit spending?

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Monday, July 18, 2011

1 Trillion Is Spent on Welfare, Congress Should Cut Spending There

"As Congress struggles to find a way to cut spending as part of raising the $14 trillion debt ceiling, they should take a close look at the more than $1 trillion spent every year on welfare. You’ll be surprised to learn that many of the 30 million Americans defined as “poor” and in need of government assistance aren’t quite what you’d expect—rather than homeless and on the streets, the average poor American household has luxuries like air conditioning, cable TV, and X-box video game consoles....According to the government’s own survey data, in 2005, the average household defined as poor by the government lived in a house or apartment equipped with air conditioning and cable TV. The family had a car (a third of the poor have two or more cars). For entertainment, the household had two color televisions, a DVD player, and a VCR....If there were children in the home (especially boys), the family had a game system, such as an Xbox or PlayStation. In the kitchen, the household had a microwave, refrigerator, and an oven and stove. Other household conveniences included a washer and dryer, ceiling fans, a cordless phone, and a coffee maker....To be sure, the average poor family does not represent every poor family, and there are some who are better off and some who are worse off. Though most of the poor are well-housed, at any given point during the recession in 2009, about one in 70 poor persons was homeless, and one in five experienced temporary food shortages. Those individuals have serious concerns. But the fact remains that U.S. government statistics on poverty misrepresent the reality."

Source. Hertitage.org. http://blog.heritage.org/2011/07/18/morning-bell-what-is-poverty-in-america/

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Thursday, June 30, 2011

The Poor and Welfare Spending in the U.S.

Since 1964, when the War on Poverty started, the United States has spent almost $16 trillion, which is a 17-fold increase since 1964. Despite "reforms," Welfare spending continues to rise. This year alone, Welfare spending is projected to be nearly 1 trillion!

What are we getting for the money being spent? As of 2009, the United States had approximately 43 million "poor" people vs. approximately 40 million in 1959. As a result, Welfare programs have simply failed to reduce the (1) number of poor persons and (2) causes of poverty.


How Poor are the American Poor? Well, Heritage.org compiled the following facts from various government reports about persons defined as "poor" by the Census Bureau:
  • 91% of poor households have either a landline or cell phone (32% have both).
  • 43% of all poor households actually own their own homes. (The average home owned by persons classified as poor by the Census Bureau is a three-bedroom house with one-and-a-half baths, a garage, and a porch or patio. And, only 6% of poor households are overcrowded. More than two-thirds have more than two rooms per person.)
  • 80% of poor households have air conditioning. (By contrast, in 1970, only 36% of the entire U.S. population enjoyed air conditioning.) 
  • The average "poor" American has more living space than the average "non-poor" or middle class individual living in Paris, London, Vienna, Athens, and other cities throughout Europe. (Again, these comparisons are to the average citizens in foreign countries, not to those classified as poor.)
  • 75% of poor households own a car; 31% own two or more cars.
  • 97% of poor households have a color television; over 50% own two or more color televisions.
  • 78% have a VCR or DVD player.
  • 62% have cable or satellite TV reception.
  • 89% own microwave ovens, more than 50%  have a stereo, and more than 33% have an automatic dishwasher." 
As you can see, the average person defined as poor in the United States lives in a material world that is comfortable, especially when compared to the rest of the world. In the end, the growth of welfare spending is simply unsustainable and will drive the United States into bankruptcy if allowed to continue unchanged.

Source Heritage.org

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Tuesday, June 21, 2011

Federal Spending and National Deficit

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