Government Spending

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Jim Marshall: Do as I say, not as a I do

How do you define hypocrisy? A congressman that voted for TARP (twice), the stimulus bill and to increase the national debt ceiling to 14.3 trillion and will not cast a vote to repeal ObamaCare is…


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Shermer: “Who’s going to pay for it?”

Michael Shermer explains the problem with the welfare state: Who isn’t in favor of our fellow citizens living long, healthy, and prosperous lives? Heck, if I were Dictator, before I deposed myself I would add…


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US credit rating in jeopardy

Moody’s says that the the United States is a step closer to having its credit rating downgraded: The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost…


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GUEST COMMENTARY: National debt is fiscal time bomb

The following was submitted by Allen Buckley, the 2008 Libertarian Party nominee for United States Senate. The views represented do not necessarily reflect the views of the owner of the blog. As the Republican-controlled U.S….


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Next crisis for states? Pension plans

Pension plans represent the next crisis for state governments: The Pew Center on the States released a survey Thursday of state-administered pension plans, retiree health care and other post-employment benefits in all 50 states that…


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Republicans slam stimulus on one year anniversary

The Republican Campaign Senatorial Committee (NRSC) has released a funny ad to mark the one year anniversary of the failed “stimulus” bill, which plays off of the Google ad that ran during the Super Bowl:


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Tax credits do not spur hiring

With the talk of a new stimulus bill, disguised as a “jobs” bill, there are some economists pushing back on tax credits geared towards new hires: Generally, companies only hire more workers if they think…


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Wasteful stimulus spending in Georgia

Writing at the Georgia Public Policy Foundation, Gilmer County Commission Chairman Mark Chastain provides us with another example of waste from the “stimulus” bill: If Georgians want to see precisely how little sense most of…


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iStimulus

A school district in Florida is giving iPods to students paid for by “stimulus”: The Polk County school district is giving away iPods to some parents. The school district is using the device to reward…


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Deficits and debt mean higher interest rates

Why are deficits and debt bad for the economy?: In a nutshell, interest rates are significantly influenced by the national debt. That’s because when the government is borrowing lots of money, it puts upward pressure…