Deficits are soaring and spending continues unrestrained. Americans are infuriated at a government that does not appear to care about how much is being spent or even if the spending has any relation to the amount of revenue coming into the government. Neither President Obama nor Congress appear to care how much this spending will […]
The Ongoing Farce of the “Emergency Supplementals”
As the House of Representatives rushed to finish legislative business in advance of the Memorial Day recess, the fate of the Fiscal Year (FY) 2010Supplemental Appropriations Bill was pushed off until lawmakers returnon June 8. The bill allocates $37.5 billion to support ongoing war efforts in Afghanistan and Iraq. Unfortunately, it also piles on tens of billions of dollars in additional funding for dozens of non-emergency items, all of which add to the $1.56 trillion annual deficit and the national debt, which topped $13 trillion on May 25, 2010, according to the Congressional Budget Office.
GM’s “Claims” of Repayment
During the economic crisis that unfolded over the last few years, the federal government became the lender of the last resort, not because it had any money, but because it had the ability to borrow money on behalf of the taxpayers to lend to struggling businesses.
The Congressional Pig Book in Focus
April 14, 2010 was not just the day before tax day; it wasalso the day when hard-working taxpayers got the news that$16.5 billion of their taxeswas wasted on pork-barrel earmarks with the unveiling of Citizen Against Government Waste’s (CAGW) annual expose of pork-barrel spending, the 2010 Congressional Pig Book. 2010 also marked the 20th anniversary […]
Robbing Peter to Pay Paul – Trying to Track Stimulus Money Robs Oversight of Other Federal Spending
By now, news stories related to the difficulty in tracking expenditures related to the “stimulus” spending package, or the American Recovery and Reinvestment Act (ARRA), and estimating jobs “created,” “retained,” or simply “funded” by the bill are legion, legendary; old news, in fact. President Obama swore that his administration would track “every dime” of the $862 billion spending bill. The federal government dedicated an $18 million website, www.recovery.gov., to the task of chasing down the dollars.
Stimulating…or Just Plain Depressing?
February 17, 2010 marked the one-year anniversary of America’s favorite farce, the American Recovery and Reinvestment Act (ARRA). Ironically, this $862 billion “stimulus” bill has proven to be nothing more than a profligate program that has further depressed the nation’s economy.
The Year of Living Dangerously
The nation will hear President Obama’s first State of the Union Address on Wednesday as he tries to salvage a devastating plunge in popularity for his agenda. But, as bad as it has been for the President, whose support has dropped from 69 percent a year ago to 48 percent, the largest first-year drop by any President that has been tracked by polls, it has been much worse for taxpayers.
Dithering on the Debt
On December 16, 2009, by a vote of 218-214, lawmakers voted to raise the debt ceiling by $290 billion to $12.394 trillion. This is similar to the limit that banks and other lenders allow individuals to charge on their credit cards. Ironically, during the recession, millions of Americans received notices from their credit card companies telling them their credit limit was being reduced. Yet, this Congress is expanding its credit at rates far greater than any time in its history.
Weatherization: More Clouds on the Horizon
The American Recovery and Reinvestment Act (ARRA), the so-called stimulus package, continues to be a source of contention and controversy as the end of 2009 approaches. When Congress first considered the $787 billion legislation, CAGW expressed grave concerns about the entire plan, especially those programs which received massive increases in their budgets.
Time for a Constitutional Line Item Veto
As the year draws to a close and the nation’s deficit soars to $1.4 trillion, Congress’s spendthrift behavior persists. On December 16, 2009 President Obama signed a $1.4 trillion omnibus spending bill; $446.8 billion of that amount covered six of the seven remaining appropriations bill.