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  • government spending

    Cash for Clunkers: Victims of Their Own Success?

    Cash for clunkers is working. Too well, in fact. The $1 billion program that offers $3,500 to $4,500 rebates to turn in your old vehicle to purchase a new, fuel-efficient one. The billion dollars is projected to run out much more quickly than previously thought, and while it’s a great … More

    What is a Trillion Dollars, Anyway?

    This week’s bloggers’ briefing brought the biggest crowd yet; standing room only. What was the draw? Matthias Shapiro, mastermind of the 10,000 pennies videos that have become a viral sensation, showed the eager bunch how to utilize the overused rhetoric and statistics of the day to instead communicate the numbers … More

    In the Green Room: Neb. State Treasurer Shane Osborn

    In three short years as “Nebraska’s CFO,” Shane Osborn has revolutionized the way Nebraskans interact and keep tabs on their government. It’s called nebraskaspending.com and it cost only $38,000 to make: I believe elected officials have a duty to show the public how their tax dollars are being spent right down to … More

    Government Benefits at Highest Level in Recorded History

    Government benefits accounted for 16.2 percent of personal income in the first quarter of 2009 according to new figures from the Bureau of Economic Analysis. This is the highest level since the data began being recorded in 1929. According to a recent article in USA Today government spending on benefits … More

    Lafayette Sq. Tea Party Photos: Patriots In The Rain

    Many young people braved the elements: Unafraid to speak the Truth:

    Understanding the Crisis: Is More Spending the Answer?

    [youtube]http://www.youtube.com/watch?v=yREOUxo6Qdc[/youtube] Stop Spending Our Future.

    Global Warming Legislation vs. Largest Government Projects in History

    Add together NASA since its inception, the cost of Hurricane Katrina and spending on the New Deal. Adjust for inflation. What do you get? Not quite the amount of money a cap and trade program would generate in energy taxes on consumers. The $1.9 trillion generated over eight years from … More

    Secretary Geithner Parodied on SNL

    Saturday Night Live opened their show this weekend with a parody of Treasury Secretary Timothy Geithner:           Unfortunately, Treasury policy is just as rudderless as seen on SNL.  What’s needed now, more than ever, are ideas based on principles; not ad hoc, “solutions” that don’t provide people enough information to make … More

    Where's the Pork?

    We just finished watching President Barack Obama’s press conference on his plan to save taxpayers $40 billion a year by reforming government contracting. And with apologies to the Wendy’s franchise, “Where’s the beef?” There was zero substance in that speech. Not one specific idea for exactly how he will achieve … More

    Can the Department of Energy Really Spend All That Money?

    Or should the question be how much will they waste? Economist Arnold Kling has a list of risks associated with a large stimulus. Number one on the list is: It is harder to spend larger amounts quickly and cost-effectively. One of Obama’s chief economists, Larry Summers, emphasized that stimulus spending … More