U.S. Department of Health and Human Services Secretary Kathleen Sebelius and Attorney General Eric Holder recently convened a “National Summit on Health Care Fraud.” The two-hour event can be viewed at C-SPAN’s website.
Downsizing Blog
The Government IS Creating Jobs
Federal government jobs that is. According to the president’s new budget, federal civilian employment in the executive branch will be 15% higher in 2011 than it was in 2007:
Kent Conrad and Fiscal Federalism
Senator Kent Conrad (D-ND) has a reputation for being a “deficit hawk.” But the bar is apparently so low in Washington that merely paying lip service to “fiscal responsibility” is enough to earn you the hawk title in the press. In reality, Conrad is a tax and spender as a story in today’s Wall Street Journal demonstrates.
FHA Bailout Watch
The Federal Housing Administration has been one of the government’s main instruments for propping up the housing market in the wake of the housing bust. But as has been widely reported, the FHA is in danger of needing a taxpayer bailout because of rising defaults on mortgages it insures.
Obama Budget Still Goes to the Moon
The president’s new budget proposes to end NASA’s Constellation program, a Bush initiative intended to put humans back on the moon by 2020. But Obama’s $3.8 trillion budget still goes to the moon figuratively—if you stacked 3.8 trillion one dollar bills, the pile would reach the moon with 20,000 miles to spare!
Deficit Prognostications
Exactly two years ago, George W. Bush released his final budget. Here’s what the Washington Post had to say:
Obama's Budget Worse than Bush
In the defensive-sounding statement released with his budget this morning, President Obama repeatedly blames the previous administration for leaving him in a position where he had “no choice” but to send the nation deeper into debt. He blames “irresponsible risk-taking and debt-fueled speculation—unchecked by sound oversight” for a deep recession that he speciously claims his administration’s massive spending prevented from becoming a depression.
State and Local Subsidies
Earlier this week I criticized the U.S. Conference of Mayors for going to Washington and groveling for more federal hand-outs. Let me provide some more background for my criticisms with a look at federal budget data. The first chart shows that since 1960, total federal subsidies to state and local government have increased an astounding 1,173%.
Food Stamps = Economic Driver?
It’s become standard fare for senior government leaders to declare that any and all subsidies are good for economic growth. Two weeks ago it was the Economic Development Administration’s John Fernandez. This week it’s USDA Secretary Tom Vilsack in a speech to the U.S. Conference of Mayors.
Obama's Spending Freeze
President Obama is apparently planning to freeze a portion of federal spending for three years. The portion to be frozen is discretionary spending less spending on defense, homeland security, and veteran’s affairs. That portion of spending–about 13 percent of the overall budget–would be held to $447 billion between FY2010 and FY2012.
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