President Obama’s proposed budget for fiscal year 2012 has been released and there is lots of rhetoric in Washington about “budget cuts.” At first glance, this seems warranted. According to the just-released fiscal blueprint, the federal government is spending about $3.8 trillion this year and the President is proposing to spending a bit more than […]
read more...President Obama unveiled his fiscal year 2012 budget today, and there’s good news and bad news. The good news is that there’s no major initiative such as the so-called stimulus scheme or the government-run healthcare proposal. The bad news, though, is that government is far too big and Obama’s budget does nothing to address this […]
read more...Chalk up another victory – at least on the rhetorical level – for the Tea Party. President Obama will release his fiscal year 2012 budget tomorrow and he’s apparently become a born-again fiscal conservative. Here are some excerpts from a Washington Post story. President Obama will respond to a Republican push for a drastic reduction […]
read more...I am pleasantly stunned that GOP leaders have increased the level of cuts in the bill that will fund the government for the final seven months of fiscal year 2011. Kudos to the freshman members, the Tea Party, and the conservatives who have led the charge and achieved so much. They certainly exceeded my expectations. […]
read more...Since I’ve spent the past 25 years analyzing government, I’m used to spectacular levels of waste and incompetence. Examples of pork such as “$27 light bulbs” and the “turtle tunnel” barely cause me to raise an eyebrow. It takes something really amazing to grab my attention, so I’m almost grateful to Ike Leggett, the head […]
read more...A new video from the Center for Freedom and Prosperity gives four reasons why big government is bad fiscal policy. I particularly like the explanation of how government spending undermines growth by diverting labor and capital from the productive sector of the economy. Some cynics, though, say that it is futile to make arguments for […]
read more...In the latest “Economics 101” video released today by the Center for Freedom and Prosperity Foundation (CF&P), Blayne Bennett of Students for Liberty explains why big government doesn’t work. The video, entitled “Four Reasons Why Big Government Is Bad Government,” provides the necessary foundation for understanding the problems created by big government, and why we need to shrink the size and scope of the federal government.
read more...This Economics 101 video from the Center for Freedom and Prosperity explains that excessive government spending undermines prosperity by diverting resources from the productive sector of the economy. Moreover, the two main ways of financing government – taxes and borrowing – cause additional economic damage.
read more...Iain Murray of the Competitive Enterprise Institute has put together a very depressing column for National Review. To put it bluntly, he exposes the true size of the federal workforce, which has 5.5 hidden employees for every official bureaucrat. Officially, as of 2009, the federal government employed 2.8 million individuals out of a total U.S. […]
read more...I’m in Milan, at the office of the Institute Bruno Leoni, which overlooks the famous Castle Sforza and is almost within shouting distance of the remarkable cathedral. This evening, I’ll be talking about how Italy should balance its budget by limiting the size of government, and my message will be identical to the one I […]
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