When President Obama marked the end of combat operations in Iraq in a speech on August 31, 2010, he spoke at length on America’s lasting legacy in the country. Unfortunately for taxpayers, part of that legacy includes billions in waste, dating back to the beginning of the reconstruction effort.
Time to Revisit the Benefits of $1 Coins
On April 21, 2010, the U.S. Treasury released its new version of the $100 bill. Featuring an updated portrait of Founding Father Benjamin Franklin, the bill boasts advanced measures to obstruct counterfeiters. However, while the federal government has recently focused on this large tender, more attention needs to be paid to the other end of the currency spectrum: the $1 coin.
To Infinite and Beyond!
In 2004, former President George W. Bush announced his “Vision for Space Exploration.” In it he called for the National Aeronautics and Space Administration (NASA) to develop new spaceflight vehicles as part of the Constellation Program that would aim to return humans to the Moon by 2020. The estimated budget for implementing this program, according to a July 17, 2006 Government Accountability Office (GAO) report, was nearly $230 billion.
The Ongoing Tanker Saga
The long saga of the Air Force refueling tanker may be coming to an end soon; or maybe not. The latest request for proposal is due to be released shortly, and hearings this week on Capitol Hill indicate the battle may not be over.
The Many Perks of Congressional Employment
Supposedly in Denmark to attend the Copenhagen Climate Summit, multiple members of Congress have been criticized for treating the trip as a personal vacation. The trip included seven Republicans and 15 Democrats, most notably House Speaker Nancy Pelosi (D-Calif.) and House Majority Leader Steny Hoyer (D-Md.).
National Lampoon’s European Vacation
Ostensibly in Scotland to partake in the NATO Parliamentary Assembly, several members of Congress are coming under fire for using the trip as a personal vacation. Led by Rep. John Tanner (D-Tenn.) the group, consisting of 12 representatives (eight Democrats, four Republicans), nine of the members’ spouses, and five legislative aides, stayed in a $300-per night hotel overlooking the Edinburgh Castle. In addition to the rooms required to lodge participants, the group rented three additional rooms, which were stocked with “…liquor, Coors beer, chips and salsa, sandwiches, Mrs. Fields cookies and York Peppermint Patties…,” according to a December 17, 2009 article in The Wall Street Journal. Adding to the expense, the group flew on a plane provided by the Air Force.
Medicare/Social Security Insolvency
While the Obama Administration ratchets up support for government-run healthcare, which would be a new entitlement program, the government trustees who monitor the nation’s two largest entitlement programs, Medicare and Social Security, have reported that they are both less than a decade away from insolvency.
Joint Strike Fighter: Platform for Waste?
Designed for service by the Navy, Air Force, Marine Corps and eight international partners, the Joint Strike Fighter (JSF) program is expected to produce an aircraft with a few variations that will ultimately replace the in-service F-16 and F/A-18 aircraft. However, the program has long come under fire as being over-priced and behind schedule.
Byrneing Down the House
The so-called “stimulus” bill signed by President Obama on February 17 has come under withering fire for being rife with wasteful boondoggles whose purposes are increasingly deemed to be more politically motivated than economically sound. The bill contains funding for dozens of new programs and exorbitant plus-ups for many existing programs. For example, buried in the depths of the leviathan-like bill is $2 billion for the Edward Byrne Memorial Justice Assistance Grant (JAG) program. In addition to the “stimulus” funding, Congress intends to include more money for the program in the upcoming fiscal year (FY) 2010 appropriations bills as well.
Economic Crisis, Congressional Reward
With the economy in recession, a national debt of $10.6 trillion, and a record estimated deficit of $1.2 trillion for the fiscal year, it seems a strange time for Congress to be receiving a raise, yet that is exactly what is scheduled to happen as the new session begins.