Post Tagged with: "spending"

Taxpayer-Paid Lobbyists in Pierre

Taxpayer-Paid Lobbyists in Pierre

One can understand and accept that private individuals and organizations should be able to make an appeal to their own government in protection of their own interest. But what about government appealing to government in its own interest? When it comes to taxpayer-funded lobbyists in Pierre, the taxpaying public doesn’t have a chance against this crew. Here’s why.

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Bankrupt? Who’s Bankrupt?

Bankrupt? Who’s Bankrupt?

A few years ago, with tongue securely in cheek, I wrote about the Fed buying treasury bonds. I tried using the absurd to make a point. I explained this would be like issuing your own credit card, buying everything you want, paying for the credit card with your checking account, and filling the checking account with cash advances from the credit card. I was just kidding. I never thought this would actually happen. It has. My problem is that it’s getting hard to be absurd in America today.

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Conservatives Were Right to Oppose CRomnibus

Conservatives Were Right to Oppose CRomnibus

Speaker John Boehner passed the last government funding bill by appealing to Democrat votes in the House to offset the more than 25 percent of his Republican Conference which refused to support him. After the benefit of time to review some of the specifics of the so-called Cromnibus, the only surprise is that a majority of House Republicans voted for it.

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President Bush issues statement on economic bailout in 2008 (White House photo by Chris Greenberg)

Bush Paved Way for Obama Executive Abuse

To save American car companies in 2008, then-President George W. Bush opted to use $17 billion from the Troubled Asset Relief Program (TARP), which had been enacted to extend loans to financial institutions caught in the mortgage backed securities meltdown. There was nothing in the law that had allowed the bailout funds to be used for auto manufacturers. The Administration just made it up.

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Why Social Security Hurts Society and Isn’t Secure

Why Social Security Hurts Society and Isn’t Secure

In 2013, Social Security ran a $71 billion deficit. This means there have been four years of consecutive cash-flow deficits, which means that the inflow is less than the outflow. According to the 2014 annual report from the programs’ trustees, the combined 75-year unfunded obligation of the Social Security and Disability Insurance Trust Funds (referred to collectively as the OASDI Trust Fund) is $13.4 trillion.

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A Future Fraught with Tension

A Future Fraught with Tension

It is hard to conceive how any society can flourish in the long-term without a well-balanced, multigenerational demographic and a culture that supports it. With our increasingly aging population, self-centered attitudes, high rates of abortion, and low birth rates, you can bet that our future will be fraught with tension and that the gap between the Boomers and the younger generations will widen in more ways than one.

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Five Freedom-Robbers the GOP Can Defund Now

Five Freedom-Robbers the GOP Can Defund Now

Current funding for the fiscal year expires on December 11. Kicking funding questions into 2015 would maximize the incoming Republican majority’s ability to make an immediate impact, and deny outgoing Senate Majority Leader Harry Reid (D-Nev.) a seat at the table. Here are five defund items that we believe Congress should pursue immediately.

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McConnell Pledges to Use Power of the Purse

McConnell Pledges to Use Power of the Purse

“It takes 60 votes to do a lot of things in the Senate, but there are some things we can do with 51 votes,” said Senator Mitch McConnell. If he is truly determined to use the power of the purse, McConnell should get busy in the December funding bill — before the 2016 presidential election cycle consumes the congressional cycle. Take as many bites at the apple as possible.

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Republicans Shouldn’t Acquiesce to Obama

Republicans Shouldn’t Acquiesce to Obama

The midterm elections are just a week away, and with most predicting a Republican sweep on November 4, House Majority Leader Rep. Kevin McCarthy is setting his sights on the 2015 governing agenda. But before a new Congress is sworn in, the government’s funding for FY 2015 is due to run out on December 11, and Politico’s Jake Sherman reports “[McCarthy] would like to use the lame-duck session to pass a long-term government-funding bill, so Washington can begin focusing on big-picture legislating, instead of just trying to keep government’s doors open.”

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On Course to Never Pay Off National Debt

On Course to Never Pay Off National Debt

We’re more likely to default on our national debt than to ever pay it off. The national debt has increased every single year since 1958 to its current level. Who really believes that trend will be reversed?

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