Postmaster General Michael Donahoe has occasionally remarked that the U.S. Postal Service will end up in a Greek-like crisis if Congress doesn’t allow it to reduce costs and operate with more flexibility. Michael Schuyler, now with the Tax Foundation, examines the analogy between Greece and the USPS in a paper that was released on Monday.
Downsizing Blog
Two of a Kind
For all those who think that our deficit is caused by a dearth of revenue, consider this thought experiment. In 2012, the federal government will spend $3.56 trillion. Last week’s Powerball jackpot was a reported $587.5 million, the largest winning Powerball payout ever. In order to finance current spending, the federal government would have to hit that jackpot 6,570 times.
Conservatives Bash Boehner Over Purge…But What About Paul Ryan?
Conservatives are hammering House Speaker John Boehner over the purging of reliably limited government Republicans who weren’t afraid to buck the GOP leadership. But what about Paul Ryan?
With Purge, GOP Leadership Reaches New Low
In December 2010, I wrote that “An indicator of the incoming House Republican majority’s seriousness about cutting spending will be which members the party selects to head the various committees.” The final roster ended up leaving a lot to be desired from a limited government perspective.
How US Politicians Will Respond to the Looming Fiscal Cliff
One of the few things that politicians in the United States are good at is dealing with a problem by kicking the can down the road. That’s what happened in August 2011 when Republicans and Democrats reached an agreement to avoid breaching a statutory ceiling on the federal government’s mounting debt.
The White House Does a Gary Bettman
If you’re a hockey fan, you’re probably pretty irritated that the National Hockey League’s owners and players still haven’t reached a deal on a new collective bargaining agreement, and thus the 2012-2013 season remains in limbo. You also probably know that negotiations got off to a rough start after the owners, who are presumed to have the upper hand, made a rather insulting initial offer to the players.
All About Taxes
How many times have we heard that the only thing standing in the way of a grand bargain to reduce our growing national debt is Republican intransigence on taxes? If Republicans would only agree to dump Grover Norquist, Democrats will agree to cut spending and reform entitlements. Then, we can all join hands and sing Kumbaya as we usher in a new era of compromise and fiscal responsibility.
Paying for Storm Damage
According to the New York Times, New York Gov. Andrew Cuomo and the state’s congressional delegation want the federal government to pay for $33 billion in storm damage from Hurricane Sandy plus another $9 billion for preventative measures:
The Pentagon Will Survive the Fiscal Cliff
A common trope of hawkish foreign policy writers is that America took a “holiday from history” by starting too few wars and trimming military spending in the 1990s. The unsubtle suggestion is that this holiday caused 9/11. But a better analogy would be that America, for decades, has taken a holiday from arithmetic, spending money like Jill Kelley at a JSOC mixer.
Voting to Save Pork Programs Doesn't Save Allen West
House freshman Allen West (R-FL) – a tea party and Fox News favorite – finally conceded defeat to his Democratic opponent on Tuesday. According to a Politico article, “The congressman’s unexpected loss left his advisers, donors and legion of tea party fans searching for answers.”