The U.S. is bankrupt. Of course, Uncle Sam has the power to tax. But at some point even Washington might not be able to squeeze enough cash out of the American people to pay its bills.
President Obama has issued his final federal budget, which includes his proposed spending for 2017. With this data, we can compare spending growth over eight years under Obama to spending growth under past presidents.
Figures 1 and 2 show annual average real (inflation-adjusted) spending growth during presidential terms back to Eisenhower. The data comes from Table 6.1 here, but I made two adjustments, as discussed below.
Since Margaret Thatcher’s British reforms in the 1980s, more than $3 trillion in government businesses have been privatized around the world, and few have been renationalized. Privatization simply works.
President Obama’s new budget includes a table showing the number of executive branch civilian employees the administration expects to have in 2017. With that, we can compare the growth in federal government employment over eight years of Obama (2009 to 2017) to eight years of President George W. Bush (2001 to 2009).
Many articles in recent years have expressed concern about Pentagon bloat. Mackenzie Eaglen called for streamlining the Pentagon’s “army of bureaucrats.” Ray Mabus said“Twenty percent of the Pentagon budget, one dollar out of five, is spent on … the Office of the Secretary of Defense and the defense agencies … Pure overhead.”
President Obama has released his budget for fiscal year 2017. The president’s spending and revenue proposals will be mainly dead on arrival on Capitol Hill, including his $3 trillion in proposed tax hikes.
A new investigation by ABC7/WJLA reporter Chris Papst highlights data on the number of federal civilian workers earning more than $100,000 in annual wages.
Two decades ago, the Clinton administration proposed restructuring our air traffic control (ATC) system. The idea was to create a self-funded outfit separate from the Federal Aviation Administration (FAA). The problem was that “The FAA has been a big, bungling bureaucracy,” noted the spokesman for the controllers’ union in 1994.
In the 1990s, the Clinton administration proposed restructuring our air traffic control (ATC) system, creating a self-funded organization outside of the Federal Aviation Administration (FAA). The idea went nowhere in Congress at the time.
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.
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