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Keyword: governmentspending

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  • Trump blocks pay raise for 1.5 million federal workers, calls for no increase next year

    08/30/2018 12:15:29 PM PDT · by deplorableindc · 63 replies
    Washington Examiner ^ | Aug. 30, 2018
    President Trump on Thursday blocked an automatic pay raise for 1.5 million federal workers, and asked Congress to pass legislation with no increase next year for employees covered by the General Schedule pay system. “Federal agency budgets cannot sustain such increases,” Trump wrote in a Thursday letter to congressional leaders, a formality that blocks an automatic 2.1 percent raise from taking effect in January under the Federal Employees Pay Comparability Act. "I have determined that for 2019, both across‑the‑board pay increases and locality pay increases will be set at zero," Trump wrote.
  • CBO Tells Us What We Already Knew about the Budget Outlook

    04/22/2018 11:54:32 AM PDT · by Kaslin · 17 replies ^ | April 22, 2018 | Young Voices Advocates
    Editor's note: This column was authored by Jake Grant. We can all remember that dreaded moment in school––you just finished a test and just knew you didn’t do well. The teacher tells you that they’ll be passing back the test, and you dread that moment all day. Congress likely had that feeling leading up to the CBO’s semi-annual report, “An Update to the Budget and Economic Outlook.” The update includes two important factors, which likely give members that sinking feeling of failing a test: the tax cut passed in December and the massive spending deal approved in February. The outlook was...
  • Drowning in Debt

    02/13/2018 10:37:13 AM PST · by Kaslin · 11 replies ^ | February 13, 2018 | Cal Thomas
    In "Hamlet," Shakespeare pens one of the most familiar lines -- and best advice -- ever written. Before Laertes leaves for Paris, his father, Polonius, tells him: "Neither a borrower nor a lender be..." We have ignored that advice for far too long, which is why the U.S. national debt is $20 trillion with more to come, thanks to the Republican Congress, which has passed a two-year spending bill that calls for $300 billion in new spending and removes caps applied by the Budget Control Act of 2011. It's being sold to the public with the highest and purist motives....
  • Tide Pod Republicans

    02/10/2018 7:30:37 AM PST · by Kaslin · 21 replies ^ | February 10, 2018 | Brian Darling
    I am worried that Republicans in Congress have been eating Tide Pods lately. Tide Pods can kill you and Republicans are in the process of killing the Republican Party with this latest budget agreement. There is no other explanation.What else explains the irrational and liberal policies that Republicans pushed in the latest budget agreement? This agreement is a complete sell-out of the pillar of the 2016 Republican Party platform, which reads in part:“Our national debt is a burden on our economy and families. The huge increase in the national debt demanded by and incurred during the current Administration has placed a...
  • Let's Limit Spending

    02/07/2018 5:24:38 AM PST · by Kaslin · 13 replies ^ | February 7, 2018 | Walter E. Williams
    Some people have called for a balanced budget amendment to our Constitution as a means of reining in a big-spending Congress. That's a misguided vision, for the simple reason that in any real economic sense, as opposed to an accounting sense, the federal budget is always balanced. The value of what we produced in 2017 -- our gross domestic product -- totaled about $19 trillion. If the Congress spent $4 trillion of the $19 trillion that we produced, unless you believe in Santa Claus, you know that Congress must force us to spend $4 trillion less privately. Taxing us is...
  • Al Capone Lives!

    01/18/2018 7:40:12 AM PST · by Kaslin · 5 replies ^ | January 18, 2018 | Cal Thomas
    "You can get a lot farther with a smile and a gun than you can with just a smile." This quote has often been attributed to the late Chicago mobster Al Capone, who with his fellow organized crime buddies used extortion as one of their tactics to get what they wanted. Today's modern congressional Democrats have clearly benefited from Capone's example. As has occurred many times before, congressional Democrats are threatening a government shutdown on Friday, if President Trump and Republicans don't cave on DACA, Deferred Action for Childhood Arrivals, an American immigration policy that allows eligible immigrant youth, who...
  • Tax Reform Should Encourage More Saving, Not Less

    11/02/2017 5:19:19 PM PDT · by Kaslin · 31 replies ^ | November 2, 2017 | Veronique de Rugy
    Republicans want tax reform, but their refusal to cut spending forces them to look into all sorts of revenue raisers. Some are good, such as eliminating the deductions for state and local taxes. Others are counterproductive, such as the threat to significantly decrease the tax deduction on 401(k) accounts, potentially reducing the overall levels of savings for the millions of Americans using them. Instead, they should keep the deduction intact, hence encouraging savings -- and in addition create universal savings accounts. There are rumors that they are considering such a move. First, let me complain about the no-good proposal to...
  • Government Has Become Just A Jobs Program

    07/19/2017 9:21:17 AM PDT · by John Conlin · 11 replies
    The Daily Caller ^ | 7/19/2017 | John Conlin
    Modern government, at pretty much all levels, has become simply a jobs program that constantly seeks to increase its members. And of course 90+% of these members will vote for the Democrat party, the party of government. Anyone who isnt a member of one of these jobs programs is a sap for playing
  • How We Can Start Taking Back Our Country

    06/21/2017 8:24:32 AM PDT · by Kaslin · 19 replies ^ | June 21, 2017 | Star Parker
    Americans are justifiably frustrated regarding what is going on in Washington, D.C. But let's not forget that we elect these folks. We may have a mess, but we can at least be proud that it's our mess. There is one unique problem. Unlike business, where change can be made quickly, government programs are so hard to change that it is almost a one-way street. It's not so easy to pass new programs, but once they're passed, we're stuck with them, generally, forever. Sure, technically they can be changed. But when is the last time we saw a major government program...
  • Arms makers take on Pentagon's cost cop

    04/11/2016 8:45:03 AM PDT · by drop 50 and fire for effect · 18 replies
    Politico ^ | 11 April 2016 | Ellen Mitchell
    Some of the nations leading defense companies are declaring war on a powerful enemy an obscure Pentagon official named Shay Assad who has helped cut more than $500 million from military contracts with his aggressive scrutiny of their costs. The industrys tactics include blanketing congressional committees with proposals that would make it harder for Assad and his contracting officers to get detailed breakdowns of the companies' expenses, according to documents obtained by POLITICO. But Assad, the Pentagon's pricing director for the past five years, refuses to back down, saying: "We are going to be relentless in pursuing getting the...
  • Live Thread of the U.S. Senate debate on Government Funding CSPAN

    The U.S. Senate, along with the U.S. House will discuss government funding. The bill before the U.S. Senate would fund amnesty, the Iran Nuke Deal, & even Planned Parenthood. GOP leadership has joined the democrat party & most of the media in the lie that government funding must be passed. /us-senate-debate-government-funding
  • Greek Dependency Has Created Dangerous Illusions

    02/10/2015 9:47:07 AM PST · by Kaslin · 8 replies ^ | February 10, 2015 | John Browne
    Once again the crisis in Greece is threatening the unity of the entire euro zone. Many analysts are asking what must be done to restore viability to the Union's weakest link. Lost in this discussion is that modern Greece, formed in 1830, has never really been required to stand on its own. Generations of support from abroad, typically given for strategic reasons, has created a false sense of prosperity in the country and has prevented the Greeks from accepting the realities of their current situation. When Greece fought for its independence against the Ottoman Empire in the 1820s, the struggle...
  • Imagining the Possibilities of a Drop in the Bucket

    10/01/2014 7:18:37 PM PDT · by jfd1776 · 18 replies
    Illinois Review ^ | October 1, 2014 A.D. | John F. Di Leo
    The Washington Free Beacon happened to stumble upon an interesting factoid, and they published it. One day, the Obama administration spent $94,360 hiring a Democrat-connected event-management firm to build a stage for an 18-minute speech. The shock is not that it happened; it happens every day. The shock, to any who are paying attention, is how differently the political factions viewed the news. Conservatives were horrified, and liberals were offended that anyone would even care. A hundred thousand dollars in a country of our size? A hundred thousand dollars in a nation of fifty states, of 300 million people? A...
  • Obamacare, Cronyism, and Bailouts for Corrupt Health Insurance Companies

    07/16/2014 3:10:53 PM PDT · by Kaslin · 4 replies ^ | July 16, 2014 | Daniel J. Mitchell
    I thought TARP was the sleaziest-ever example of cronyism and corruption in Washington. The Wall Street bailout rewarded politically well-connected companies, encouraged moral hazard, and ripped off taxpayers. Heck, it was so bad that it makes the sleaze at the Export-Import Bank seem almost angelic by comparison. But I may have to reassess my views. One of the provisions of Obamacare allows the White House to give bailouts to big health insurance companies. Youre probably wondering why these big firms would need bailouts. After all, didnt Obamacare coerce millions of people into becoming involuntary customers of these companies? That should...
  • Spending and Morality

    07/09/2014 4:32:11 AM PDT · by Kaslin · 7 replies ^ | July 9, 2014 | Walter E. Williams
    During last year's budget negotiation meetings, President Barack Obama told House Speaker John Boehner, "We don't have a spending problem." When Boehner responded with "But, Mr. President, we have a very serious spending problem," Obama replied, "I'm getting tired of hearing you say that." In one sense, the president is right. What's being called a spending problem is really a symptom of an unappreciated deep-seated national moral rot. Let's examine it with a few questions. Is it moral for Congress to forcibly use one person to serve the purposes of another? I believe that most Americans would pretend that...
  • The Slow-Motion Train Wreck of Entitlement Programs

    05/09/2014 12:23:17 PM PDT · by Kaslin · 17 replies ^ | May 9, 2014 | Daniel J. Mitchell
    The Census Bureau just released a report on Americas aging population. The big takeaway is that our population will be getting much older between now and 2050. And since Im a baby boomer, I very much like the fact that were expected to live longer. But as a public finance economist, Im not nearly as happy. As I explain in this interview with the Wall Street Journals Digital Network (and as confirmed by BIS, OECD, and IMF data), the United States is going to get deluged by a tsunami of entitlement spending. Dan Mitchell Discussing the Slow Motion Train Wreck...
  • Laughing at another Spectacular Obamacare Failure

    05/08/2014 12:41:15 PM PDT · by Kaslin · 12 replies ^ | May 8, 2014 | Daniel J. Mitchell
    As you can imagine, theres a lot to choose from in the contest for the most spectacular waste of tax dollars. But the politicians in Oregon must really want the prize, because they managed to flush several hundred million dollars down a rat hole by putting together a state-run Obamacare website that has to be abandoned because it is so dysfunctional. And if the Oregon website is so bad that its switching to the much-derided Washington Obamacare website, it must be a disaster of unparalleled dimensions! Here are some excerpts from an AP report. After months of trying to get...
  • Why Did Western Nations Continue to Prosper in the 20th Century even though Fiscal Burdens Increased

    04/12/2014 12:21:13 PM PDT · by Kaslin · 11 replies ^ | April 12, 2014 | Daniel J. Mitchell
    In the pre-World War I era, the fiscal burden of government was very modest in North America and Western Europe. Total government spending consumed only about 10 percent of economic output, most nations were free from the plague of the income tax, and the value-added tax hadnt even been invented. Today, by contrast, every major nation has an onerous income tax and the VAT is ubiquitous. These punitive tax systems exist largely because on average - the burden of government spending now consumes more than 40 percent of GDP. To be blunt, fiscal policy has moved dramatically in the...
  • White House announces new climate change data website

    03/19/2014 6:39:09 AM PDT · by Innovative · 16 replies
    LA Times ^ | March 19, 2014 | Neela Banerjee
    As part of its campaign to step up efforts to address climate change, the White House on Wednesday announced the creation of a new website to serve as a one-stop location for the enormous amount of climate data housed at different federal agencies. In the administrations most high-profile effort, the Environmental Protection Agency in September proposed rules to cut greenhouse gas emissions from new power plants. The president also plans to ask Congress for $1 billion in his 2015 budget to establish a climate resiliency fund that would finance research, preparation and infrastructure to adapt to extreme weather driven by...
  • Denmarks Party Boat and the Ever-Expanding Welfare State

    03/18/2014 11:27:07 AM PDT · by Kaslin · 3 replies ^ | March 18, 2014 | Daniel J. Mitchell
    My all-time most-viewed blog post wasnt the parable about beer and the tax system. Nor was it the joke about California, Texas, and the Coyote. Those won the silver and bronze trophies. The gold medal belongs to the two pictures that explain how the welfare state begins and how it ends. Those images make a very serious point that the social capital of a nation gets eroded and the economy gets overburdened when there are too many people riding in the wagon and not enough people pulling the wagon. And Ive been especially fond of the wagon cartoons because they...