I’ve commented many times about wasteful government spending, including Social Security bureaucrats spending $700 thousand to party at a luxury resort, HUD bureaucrats giving huge subsidies for welfare recipients to live in upscale neighborhoods, rampant fraud in the unemployment insurance program, and tax dollars being used to subsidize a grown man wearing diapers and living […]
read more...The left wanted to get one thing from the Supercommittee, and that was to seduce gullible Republicans into a 1990-style tax increase deal in order to enable bigger government. But I was pleasantly surprised when GOPers failed to surrender, which means that taxpayers didn’t get raped and pillaged. But winning a battle is not the […]
read more...As part of his latest “stimulus” scam, President Obama argues that the federal government should spend more money on infrastructure. Yet there is widespread evidence that politicians use such projects to squander money – often in exchange for contributions from contractors and construction unions. There’s a very unfortunate example of this phenomenon in my backyard. […]
read more...While I’ve been somewhat critical of Senator Coburn’s willingness to raise taxes, I’ve never doubted that he is a sincere and tireless fighter for smaller government. Indeed, his staff periodically share examples of government waste that boggle the mind, though I don’t share many of them on the blog since I’m afraid people will become […]
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 remarked before about how I get especially upset when well-to-do people figure out ways of ripping off taxpayers. Redistribution from rich to poor is not a good idea, but it is far more offensive when the coercive power of government is used to transfer money from ordinary people to the elite. A good (perhaps […]
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...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...Like other forms of so-called stimulus spending, the money devoted to supposed ”green” energy programs has been a net drain on the economy. This is hardly a surprise, particular since the much-trumpeted Spanish experiment turned out to be a flop, destroying two jobs elsewhere in the economy for every green job created. But what is surprising […]
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