I’ve almost exhausted my interest in California’s suicidal fiscal policy. How many times, after all, can you write about politicians over-taxing and over-spending to the point of economic ruin? But everyone has a cross to bear in life, and (if you allow me to mix my metaphors) griping about bloated government is my Sisyphean task. […]
read more...Back in February, I posted this startling map showing that 10 of America’s 15-richest counties are the bedroom communities surrounding Washington, DC. There’s a lot of money in Washington because federal bureaucrats are wildly overpaid, as I document in this video, and also because there is a huge shadow workforce of contractors, consultants, and lobbyists […]
read more...Government bureaucrats are significantly overpaid compared to folks in the productive sector of the economy. So you would think I’d support cuts, especially the kind that get rid of excess blubber in the government workforce. But not when it means higher costs for taxpayers, and that’s exactly what’s happening in New York, where Buffalo taxpayers […]
read more...I’ve written several times about a proposed IRS regulation that would force American banks to put foreign law above U.S. law. I’ve repeatedly warned that the scheme, which would force financial institutions to report the deposit interest they pay to foreigners, is bad economic policy, bad regulatory policy, and bad banking policy. My arguments have […]
read more...I’ve written many times about politicians and bureaucrats screwing taxpayers with lavish compensation packages, but this story from Philadelphia is jaw dropping. Councilwoman Marian B. Tasco is retiring Friday, but only so she can collect a $478,057 pension check and return to work Monday, when she will be sworn in for her seventh term. Tasco […]
read more...Every so often (about 362 days per year), I come to the conclusion that government is a racket for the benefit of special interests. Greece would be an example. And if we limit ourselves to the United States, California is probably the poster child for a kleptocracy masquerading as a government. Here are some absurd […]
read more...This narrator probably won’t get rich, like the guy who did the “Girls Gone Wild” videos, but this is the second-best video I’ve ever seen on the bloated and overpaid government workforce. I especially like how he understands that the problem is the size of government, and I also admire his recognition that Republicans often […]
read more...I’ve done a video on excessive compensation for bureaucrats and I’ve written many times about wasteful spending, but here’s a cartoon that manages to effectively combine both concepts. If your eyes are getting old like mine, you may need to click on the image to read everything. This cartoon is good, but here’s another that […]
read more...Politicians in Europe have spent decades creating a fiscal crisis by violating Mitchell’s Golden Rule and letting the government grow faster than the private sector. As a result, government is far too big today, and nations such as Greece are in the process of fiscal collapse. But that’s the good news – at least relatively […]
read more...I must not be very bright. Even after decades of experience in Washington, I still have this naive belief that bureaucrats and politicians will occasionally do the right thing – even if for no other reason other than to cover their rear ends after being caught doing something flagrantly wasteful and reprehensible. So when Senator […]
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