Damaging Spending

The GOP Candidates and Military Spending

Quite a number of media fact-checkers tripped over Ted Cruz’s claim in last night’s debate that Barack Obama had “dramatically degraded our military,” and Marco Rubio’s related pledge to rebuild a U.S. military that is “being diminished.”

Unfair Postal Competition

With the rise of electronic communications, the volume of snail mail has fallen precipitously, and the U.S. Postal Service (USPS) has been losing billions of dollars. The 600,000-worker USPS is an unjustified legal monopoly that is heavily subsidized. It is a bureaucratic dinosaur that Congress should put on the way to extinction.

The Problem and the Solution

The solution to this giant mess

is this reform plan.

Private Science vs. Government Science

In researching an upcoming study on privatization, I came across an interesting illustration of the advantages of private science over government science. Private science focuses on efficiency and results, but government science maybe not so much.

The New Budget Deal

During the 1980 presidential campaign, Ronald Reagan famously said “there you go again” when responding to one of Jimmy Carter’s attacks. Well, the Gipper’s ghost is probably looking down from Heaven at the new budget deal between congressional leaders and the Obama Administration and saying “there they go again.”

End of Fiscal Responsibility in Canada?

Canadian federal elections yesterday ousted the ruling Conservatives under Stephen Harper and replaced them with the Liberals under Justin Trudeau. The Liberals have promised to increase taxes on high earners, ramp up spending on government infrastructure, and purposely run deficits to supposedly stimulate the economy.

EITC Costs $60 Billion a Year

Cato has released a brief study on the earned income tax credit (EITC). The EITC is a huge program. In 2015 it will provide an estimated $69 billion in benefits to 28 million recipients.

Governments Subsidize Disaster—and the Wealthy

The Wall Street Journal takes a look at hurricane threats to cities along the seacoasts. It’s an odd article because the author, Greg Ip, does not discuss the central role that governments play in encouraging people to live in hurricane-prone areas.

Federal Government Pay Exceeds Most Industries

New data show that worker compensation is rising faster in the federal government than in the private sector. After rapid growth in federal pay during the George W. Bush years, growth slowed from 2011 to 2013 after policymakers enacted a partial freeze on federal wages.

Federal Bureaucratic Failure

The federal government spends almost $4 trillion a year. It has hundreds of agencies and runs more than 2,300 subsidy programs. It employs 2.1 million civilian workers, 1.4 million uniformed military personnel, and 560,000 postal workers. It is a huge organization.

Pages

Zircon - This is a contributing Drupal Theme
Design by WeebPal.