The Government has Huge Amounts of Waste, But the Sequester’s 2.2% Cuts Will be a “Disaster”
Wile E. Obama, CEO of the ACME Economic Destruction Co. is busy telling anyone who will listen that the budget cuts automatically enforced by sequestration will be a disaster. Cutting 2.2 percent of our enormous federal budget will precipitate disasters on many fronts, and -of course- it’s the Republican’s fault. Charles Krauthammer examines how the [...]
Meaningless Security Theater Officials Continues to Harass Americans Critical of Meaningless Security Theater
The TSA is a colossal government-spending boondoggle that’s not keeping us safe. Here’s another example of how they harass journalists that criticize their useless shenanigans. Traveling to New York to appear on CNN’s Piers Morgan Tonight, Jones had already showed his ID as he approached the metal detector. Jones and colleague Rob Dew noticed that a [...]
Stock Market Reacts to (zero)bama’s “Jobs” Speech
Not surprising. The President offered a re-hash of Porkulus to the tune of $450 billion (or more – who knows? the bill hasn’t even been written yet), with no plan for how to pay for any of it, except the tired “tax a few of the wealthiest” prescription. “Issue number two is the continued anxiety [...]
The Petulant Boy-King’s Priorities
It speaks volumes about Barack Obama’s priorities that hundreds of billions of stimulus funds were pissed down a “shovel-ready” jobs toilet, and $4.2 billion in tax credits go to illegal aliens, but we can’t seem to find $3 billion to continue NASA’s manned space program. Doug Ross has a good post about it (my bold [...]
Save Medicare: Implement Free-Market Reforms
From Hot Air: The debate over Newt Gingrich’s comments have breathed new life into the conflict between central planning and free-market approaches to public policy, especially on existing entitlements. Dan Mitchell explains in his latest video for the Center for Freedom and Prosperity that central planning has been the problem, and it can’t be the [...]
Big Surprise: GAO Report Says Government Wastes $100s of Billions on Duplicate Programs
The big question will be: is anybody going to do anything about it? The Wall Street Journal has received an advance copy of a Government Accounting Office report to be released today. It details $100 billion to $200 billion in duplicative spending by federal programs that could be considered ineffective or duplicative. A report from [...]
Amtrak Digs Federally-Subsidized Hole Even Deeper
Over at Cato Online, Tad DeHaven has a report about Amtrak’s announcement that it’s going to build 130 new rail cars to supplement its existing trains, at a cost of $300 million. Wait! What? That’s over $2.3 million per car. Those must be some really fancy cars. The announcement said the order for the new [...]
USPS: The Epitome of Effective Government Agencies
(via CNN) The Postal Service announced a $3.5 billion loss for the most recent quarter. Mail volume has dropped by about 21% since 2007, but costs have skyrocketed. This was the 14th loss in 16 quarters. Revenue will continue to drop, but expenses will continue to rise largely because of union worker health plan obligations. [...]
The gift that keeps on… giving?
This is astounding – in its wastefulness and stupidity. The old Giants stadium in the Meadowlands of New Jersey -the one they tore down to make a parking lot for the “new Giants stadium”- still has $110 million in debt outstanding. And, they’re not alone – Ken Belson explains in a New York Times article [...]
That new school cost how much?
This is obscene. In a state that’s running a massive budget deficit, and is resorting to giving taxpayers IOUs for their income tax returns, they spent $578 million on…wait for it – a school. I’m sure it’s very nice, but is that sort of luxury necessary for a learning environment? For a comparison, the article [...]
Public Transit: A Classic Example of Government in Action
Despite all the noise that’s made about its merits, public transit is less productive and more expensive than private transportation, and does little or nothing to reduce pollution Image via Wikipedia Yeah, you read that right. And the productivity is dropping (not a huge surprise when huge government subsidies effectively remove the profit incentive). Randal [...]
Cash for Clunkers was, well, a clunker
Coyote Blog has found a reason to love Cash for Clunkers: it is a fabulous demonstration project for just how utterly pointless government stimulus programs can be Seems we (the taxpayers) overpaid by several times for a bunch of crap used cars, and abated some CO2 at ridiculously high prices per ton. Here’s a graph [...]
Overkill, maybe?
Got this express mail package today with important contents. In the picture, my finger is pointing to the important contents.
Facebook
Twitter
LinkedIn
FourSquare
Technorati
RSS
Flickr
