President-elect Donald Trump says that he will cut wasteful spending and “drain the swamp” in Washington.
The Washington Post has a blockbuster story today documenting vast overhead costs in the Department of Defense (DoD).
In a new report for the Heritage Foundation, Michael Sargent summarizes what we need on infrastructure from the incoming Trump administration.
President-elect Donald Trump has promised large increases in infrastructure investment.
Cato’s forum on Capitol Hill yesterday featured Senator James Lankford of Oklahoma. The senator mainly talked about his Federal Fumbles report, but he also mentioned his proposed “Taxpayers Right-to-Know Act.”
The federal government has suffered from waste, fraud, and abuse in its spending programs for decades—actually, centuries.
Economic policy is subject to fads and fashions. The most recent economic-policy fad is public infrastructure. Its advocates include progressives on the “left” — like President Obama, Hillary Clinton, and Bernie Sanders — and populists on the “right” — like President-elect Trump. They tell us to take the chains off fiscal austerity and spend — spend a lot — on public works. They allege that this elixir will cure many, if not all, of our economic ills. Let’s take a look at their arguments and evidence.
On his radio show last night, Mark Levin asked his audience whether they thought President-elect Donald Trump would turn out to be a big-government Richard Nixon or a small-government Ronald Reagan.
During the election campaign, Donald Trump complained that “our airports are like from a Third World country.” Indeed, America’s airports could be a lot better. The problem is that they are virtually all owned by governments and run as bureaucracies.
Amtrak issued its F.Y. 2016 unaudited financial results last week with a glowing press release claiming a “new ridership record and lowest operating loss ever.” Noting that “ticket sales and other revenues” covered 94 percent of Amtrak’s operating costs, Amtrak media relations called this “a world-class performance for a passenger carrying railroad.” The reality is quite a bit more dismal.
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