Several key questions still remain to be asked of President Obama and Governor Mitt Romney during tonight’s debate. Among them: What would each of them do to reduce the growing burden of federal spending on American households? In 2012, the federal government spent $29,700 per American household. Of that amount, …
In the first presidential debate, President Obama criticized Mitt Romney’s proposed defense budget plan as “$2 trillion in additional military spending that the military hasn’t asked for.” Two parts of this statement require clarification and context. First, the President failed to mention that this $2 trillion increase would take place …
The federal budget is reaching benchmarks of astronomical proportions. Hold your applause, though; the budget trends are increasingly headed in the wrong direction. Yesterday, the Congressional Budget Office (CBO) reported that the deficit for fiscal year 2012 has surpassed the $1 trillion mark, and it anticipates the Treasury Department will …
In July, the Government Accountability Office (GAO) issued a report showing that, as many Americans suspect, there are places where government safety net programs are abused and ripe for reform. GAO focuses on two programs, unemployment insurance (UI) and disability insurance (DI), and the “double dippers” who collect payments from …
Retired General Arnold Punaro, Chairman of the Department of Defense’s (DoD) Defense Business Board task force was recently quoted saying that he would “put a match” to the entire set of regulations governing the acquisition of weapons and military equipment and start over. This is a colorful comment by such …
Yesterday, the Congressional Budget Office (CBO) reported that without a doubt, America will have a fresh recession next year unless Congress and the President prevent it. We are facing the largest tax increase in history—Taxmageddon, scheduled to take effect January 1—and what experts are calling a “fiscal cliff” of sharp …
Production by U.S. embassies of the State Department’s long-running series of annual “Background Notes” covering every country in the world had long been considered a useful service for the American public. Now, however, they appear to have morphed into yet another taxpayer-subsidized campaign commercial for the Obama Administration. The old …
