The WasteWatcher | Page 137 | Citizens Against Government Waste

The WasteWatcher

The WasteWatcher

Fannie Mae and Freddie Mac – The Voldemort(s) of the Financial Crisis

On January 13, 2010, the Financial Crisis Inquiry Commission (FCIC) launched a year-long probe on the financial crisis with two days of hearings, starting with testimony from the CEOs of Bank of America, Goldman Sachs, JP Morgan Chase, and Morgan...

Leslie Paige December 31, 2009
The WasteWatcher

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,...

CAGW Staff November 30, 2009
The WasteWatcher

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...

CAGW Staff November 30, 2009
The WasteWatcher

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...

Leslie Paige November 30, 2009
The WasteWatcher

The Agency of Healthcare Potentates

As taxpayers begin to grasp the sheer magnitude and the $787 billion price tag of H.R. 1, the American Recovery and Reinvestment Act of 2009, better known as the “stimulus,” more and more details are being exposed as policy makers have time to read...

Elizabeth Wright November 30, 2009
The WasteWatcher

Time to End Stealth Tax Increases

Thirty-two states impose ad valorem excise taxes on moist smokeless tobacco (MST).  An ad valorem tax is based on a percentage of the price of the product, so the tax rises any time the price of the merchandise increases.  This is similar to...

CAGW Staff November 30, 2009
The WasteWatcher

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...

Sean Kennedy November 30, 2009
The WasteWatcher

Jobs Numbers and White House Propaganda

One of the cornerstones of the stimulus bill was to create jobs and help the economy get back on its feet.  The Obama administration estimated that between 3 and 4 million jobs would be created or saved once the bill was enacted.

CAGW Staff October 31, 2009
The WasteWatcher

USPS Wants To Branch Out

The holiday season is upon us; the time of year when the mailbox tends to begin filling up with gift catalogs and greeting cards from friends and family.  This is also the time of year when the United States Postal Service (USPS) has traditionally...

Leslie Paige October 31, 2009
The WasteWatcher

Amidst the Healthcare Hubbub, Cap-and-Trade Moves Ahead

While Congress and the American public remain fixated on the contentious healthcare debate, little attention has been paid to S. 1733, the Clean Energy Jobs and American Power Act, better known as the Kerry-Boxer cap-and-trade bill.  Democrats have...

CAGW Staff October 31, 2009
The WasteWatcher

Wasted Healthcare Dollars

As the national debt exceeds $12 trillion and the monthly deficit record of $176 billion was set in October, it would behoove officials in Washington to take reports of wasteful spending more seriously.  This is especially true in regard to the tens...

CAGW Staff October 31, 2009
The WasteWatcher

The 72 Hour Bill: A Struggle to Read Over the Shoulder of Congress

This summer’s tea parties and town hall meetings drew hundreds of thousands across the nation.  Although there were many issues of concern including healthcare, cap-and-trade, and the general overspending problems in Washington, citizens were united...

CAGW Staff September 30, 2009

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