When the previous Bush administration released its fiscal 2006 budget proposal, it included a separate document listing specific spending cuts and other reforms. The idea was too little and too late, and it’s likely that the Bush administration included it as part of a feeble attempt to answer critics of the Republican spending binge.
President Barack Obama’s new budget proposes to spend $3.78 trillion in 2014, which would be 27 percent higher than spending in 2008. President Obama believes in expansive government, and he is proposing a range of new programs, including subsidies for infrastructure, preschool, and mental health care.
Another government-subsidized solar energy company is headed to bankruptcy. The latest casualty is Flabeg Solar U.S. Corp, a subsidiary of a German company. Flabeg’s Pittsburgh plant has been shuttered and its employees laid off.
When it comes to reporting on the Small Business Administration, it seems to me that most journalists simply assume that if a government agency exists to “help” small businesses then it must be good. So I was pleased to read a weekend piece from two investigative journalists with the Dayton Daily News that challenges the conventional wisdom on the SBA.
For this libertarian policy analyst, the annual release of the president’s budget proposal is like the day after your team loses the Super Bowl: everyone’s talking about it, but you’d rather curl up in bed with a fifth of Old Grand-Dad.
Chuck Hagel’s first major speech as secretary of defense is receiving the sort of attention thatone would expect. But the real news will be made when the Obama administration’s budget hits the streets, reportedly on April 10th. As the saying goes, “show me the budget, and I’ll show you your priorities.”
This week marks the one-month anniversary of one of the most terrifying events in American history: the sequester. So, with great trepidation, I have climbed out of my bunker to survey the devastation and send off this column.
American alliances are systems that transfer wealth from U.S. taxpayers and their debtors to citizens in wealthy allies. With Uncle Sam paying for those countries’ defense, their governments are free to use their own revenues for welfare programs or other domestic priorities. This is a sucker’s bet from an American perspective, but pretty great from the perspective of the citizen of a rich country who benefits from this largesse.
The President on Tuesday signed the continuing resolution that funds the government through September and (gasp) keeps the sequester cuts intact. Now that it appears sequestration isn’t going away (and yet the earth continues to spin merrily on its axis), the focus should be on how this small step might be extended.
The latest report by the Washington Post’s David Fahrenthold on Beltway tomfoolery tells of what happened when both Democrats and Republicans asked government workers and the public for suggestions on how to reduce government spending. Apparently neither party had much interest in the responses.