My Washington Examiner column this week focuses on an important new study from the office of Sen. Tom Coburn (R-OK): “Safety at Any Price: Assessing the Impact of Homeland Security Spending in U.S.
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.
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 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?
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.
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.
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.
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.