Here’s some completely depressing news. CNBC is reporting that President Obama is putting American taxpayers on the chopping block to bail out Greece’s corrupt politicians. But, to show he doesn’t discriminate, he also encouraged the German Chancellor to rape her nation’s taxpayers for the same purpose. President Barack Obama on Tuesday…pledged U.S. support to help […]
read more...In the past, I’ve joked about “limousine liberals,” which is a phrase for elitist left wingers who pretend to identify with average people while living the good life. I’ve even mocked these folks on TV. But I always thought the term was symbolic. Not anymore. Here’s a segment of a news report, based on a […]
read more...All I can say is that I’m thankful the United States is not part of the European Union, at least if this little tidbit from the UK-based Telegraph is true. American politicians waste a lot of money, but even I doubt they ever spent tax dollars on something that is simultaneously so idiotic and so […]
read more...I’ve had dozens of posts about overpaid bureaucrats. Indeed, I’ve largely stopped blogging about the topic because it is so depressing to constantly be reminded about how a privileged class of people is manipulating the system to coercively obtain undeserved compensation from their less-fortunate neighbors. But every so often I see a story which cries […]
read more...I wrote yesterday about the shocking case of a millionaire collecting food stamps. Today, I have an equally disgusting story of government waste. The Social Security program is actuarially bankrupt, with unfunded liabilities of several trillion dollars. Our topic today deals with the disability portion of Social Security, which is in especially poor shape, with […]
read more...Not that we needed any additional evidence that the government wastes money in truly spectacular fashion, but this story from the Detroit Free Press is especially disgusting and outrageous. A man who won $2 million on a Michigan lottery show has told a TV station that he still uses food stamps. Leroy Fick of Bay […]
read more...It’s not too surprising to learn that spending money on “high-speed” rail is foolish. And it’s hardly a revelation to learn that politicians over-promise and under-deliver when they push through these boondoggles. My Cato colleague, Randall O’Toole, has written extensively about these money-losing white-elephant projects. But it’s not exactly shocking news that libertarians would resist […]
read more...There are very serious ways to save huge amounts of money from the defense budget, largely by making smarter choices about defining America’s national security. This obviously involves high-profile decisions about whether it is smart to engage in nation-building in Iraq and Afghanistan. But it also involves what seem to be “gimme” choices about whether […]
read more...I’ve been writing too much about the Ryan budget, the government shutdown, and other fiscal policy issues. Time for some wholesome politician bashing. But I’m not going to pick on the U.S. Congress, which is one of my favorite targets. Instead, we’re going to cross the ocean and mock the political elite of the European […]
read more...This is the type of story that makes me sick to my stomach. I’ve already commented on how I don’t like redistribution from rich to poor, but I really, really hate redistribution from poor to rich. And that’s exactly what happens when taxpayers subsidize the presidential nominating conventions of the two big political parties. Republicans […]
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