A study from the American Institutes of Research finds that federal and state governments have wasted billions of dollars on subsidies for students who didn’t make it past their first year in college. The federal total for first-year college drop outs was $1.5 billion from 2003 to 2008.
If you believe in a higher power, then I’ve got evidence for you that God has a sense of humor. Last week, the American Postal Workers Union, which represents more than 200,000 workers, had to extend its elections for national officers because … wait for it … thousands of ballots got lost in the mail.
The New York Times offers an unintentionally hopeful story on Republican candidates running for governor who could become significant obstacles for the Obama administration’s high-speed rail agenda.
I blogged about how Canadian government spending cuts since the mid-1990s coincided with strong economic growth.
We’ve had huge federal deficit spending in recent years–$459 billion in FY2008, $1.4 trillion in FY2009, $1.5 trillion in FY2010, and now an estimated $1.4 trillion in FY2011. Despite all the spending, the economy is still sluggish, private investment remains in the tank, and the unemployment rate is stuck at near 10 percent.
Cato essays on the Department of Transportation contain a common theme: federal subsidies for various modes of transportation have stifled privately funded and operated alternatives. One emerging bright spot is private intercity bus companies.
The Department of Housing and Urban Development’s Inspector General released a stack of almost 20 audits late last week. Although the reports aren’t earth-shattering, the fact that almost every audit found problems was a striking reminder of the bureaucratic bungling that comes with government programs, particularly at HUD.
The Washington Post recently reported on the federal government’s cash-welfare program, Temporary Assistance for Needy Families. Despite the deep recession, the TANF welfare rolls haven’t seen a dramatic increase. Meanwhile, other federal anti-poverty programs have seen the sizable increases that are to be expected in a recession:
That’s the title of a recent paper from the liberal Center for American Progress, which attempts to demonstrate “what reducing the federal budget deficit through large spending cuts could really look like.”
The U.S. Postal Service is in a lurch after Congress wrapped up business until November without giving the USPS a break on a $5.5 billion retiree health benefits payment that’s due tomorrow. Combined with an expected loss in the billions of dollars, the USPS could run out of money in October.