Government Spending
A Crazy Idea: Listen To The People Who Got It Right
A man who predicted our economic collapse offers new warnings about the current plans to fix it. Maybe we should listen to him this time.
January 26, 2009 | Read More
The D.C. Bubble
You want some investment advice? Take that money out of your mattress and start buying real estate in and around Washington D.C.
January 15, 2009 | Read More
Stimulus Overload
We’re not the only ones saying that more debt-financed government spending is a bad idea.
January 6, 2009 | Read More
Bailouts Make Price Of WW-II Look Like Chump Change
The price tag for all the bailouts went up again. By another TRILLION dollars!
December 16, 2008 | Read More
Taking Economics Lessons From … Zimbabwe?
Don’t look now, but our economic policies are starting to look an awful lot like those of a certain African country …
December 3, 2008 | Read More
Legalized Vote-Buying Won’t End Anytime Soon
Last year, members of Congress bribed their local constituents with over $17 billion in “special” projects. And neither party is in any hurry to break the practice.
November 24, 2008 | Read More
Pigs Fly? The Pentagon Cuts A Bloated Program
Last week, something truly bizarre happened in Washington. The Department of Defense actually trimmed a wasteful military contract. But this is the Pentagon we’re talking about. Weapons systems never die. They just get re-bid. And defense contractors like Boeing are already lining up.
October 20, 2008 | Read More
“Railout”: Amtrak Makes a Big Haul
In its final days in existence, the (failed) 110th Congress dropped $700 billion on a (failed) bailout of Wall Street and $611 billion on defense spending and the (failed) Iraq war. Just for good measure, it threw more good money after bad when it shoveled $13 billion down that national rat-hole known as Amtrak.
October 8, 2008 | Read More
Governomics: Your Debt = Government’s Lifeline
Our government needs its citizens to spend beyond their means. But with real wages stagnant and the national savings rate at or below zero, what does this spending mean? Debt, that’s what. Lots and lots of debt. In other words, government has come to rely on its own citizens’ bad financial habits.
October 7, 2008 | Read More
From Crap Sandwich to BLT (hold the lettuce, tomatoes)
On Monday, the House rejected the bailout bill. Today, that same body approved it. What changed in five days? Pork, that’s what. The bill might have been a “crap sandwich” last week. But by the time the Senate got done with it, it was a double-decker BHL: as in bacon, ham, and lard. Apparently, spending $700 billion wasn’t enough.
October 3, 2008 | Read More
