The U.S. Postal Service (USPS) is losing billions of dollars a year. The government company that delivers “snail mail” is losing out to email and other types of electronic communication. First-class mail volume fell from a peak of 104 billion pieces in 2000 to just 64 billion pieces by 2014.
The Congressional Budget Office (CBO) released new projections showing the debt disaster being manufactured in Washington. Federal borrowing from global capital markets is expected to soar from an outstanding $14 trillion this year to $24 trillion by 2026 under the baseline.
With the rise of electronic communications, the volume of snail mail has fallen precipitously, and the U.S. Postal Service (USPS) has been losing billions of dollars. The 600,000-worker USPS is an unjustified legal monopoly that is heavily subsidized. It is a bureaucratic dinosaur that Congress should put on the way to extinction.
If you ask just about anyone at Cato what is the biggest problem we face, they will say big government, particularly the vastly overgrown federal government. Gallup finds that many Americans agree with us.
Presidential candidate Ben Carson released a three-page tax plan yesterday. Based on the limited information the plan includes, it looks like the best GOP plan so far.
The $1.1 trillion omnibus spending bill passed by both the House and the Senate earlier today caps off a year of dreadful budgeting by Republicans in Congress.
The federal government owns more than one quarter of the land in the nation, about 640 million acres. The holdings are concentrated in the West, where it owns about half of the 11 westernmost states.
Federal workers are overpaid on wages by 2%, on average, and overpaid on benefits by a whopping 48%.
Congratulations to Senator James Lankford of Oklahoma for his new report “Federal Fumbles.” The senator and his staff identify 100 screw-ups in federal programs and agencies, and propose some modest fixes.
I have proposed that America adopt a Canadian-British innovation to encourage greater household savings. Canada’s Tax Free Savings Accounts (TFSAs) and Britain’s Individual Savings Accounts (ISAs) are revolutionizing savings for moderate- and middle-income families in those countries.
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