The best reform would be a complete repeal of the NFIP, but in the meantime the 2012 law was a good start at reducing the program’s costs and distortions.
Other than providing generous pay and fat pensions, many federal agencies are not great places to work, according to federal employees themselves on a new survey.
The deal raises spending $63 billion in 2014 and 2015, split between defense and nondefense programs. That is a lot of money even by Washington standards, and it effectively guts the Budget Control Act of 2011.
The GAO routinely finds waste in programs, but it usually just proposes ways to fix them — so the Screening of Passengers by Observation Techniques program must be really lame. The GAO finds no “scientifically validated evidence” for the $200 million program, and it says that TSA deployed it before even doing a cost-benefit analysis.
I fear that the focus of leaders in both parties has now turned to how much more spending they can get away with by junking the budget limits set in current law.
The political establishment is trying to haze fiscal conservatives in Congress. End the shutdown, they say, and allow President Obama to administer the paddle.
Unlike a product in the marketplace that improves over time — like the century-old automobile — the government’s income tax has become ever more inefficient and damaging.
The following two charts show that spending and debt are already at remarkably high levels for peacetime, and CBO projections to 2050 show the situation getting much worse.
Property taxes are a major relocation driver, not just for homeowners, but also for businesses.
If you look at the history of the oldest federal agencies—such as the Bureau of Indian Affairs and the Corps of Engineers—you will find scandals, mismanagement, and cost overruns from the the beginning.
The folly of monopoly unionism (“collective bargaining”) in government is most evident when labor unions strike.
It’s a good thing that the farm bill failed to pass the House, but it is disturbing that about three-quarters of Republicans voted in favor of this massive spending bill.
there is an elephant in the room that the many reporters and politicians blustering over the issue have been too ideologically blind to see: There is no obvious harm being done by today’s corporate tax avoidance.
Note that it is the firing rate of poor performers that is especially low in the federal government, meaning workers who are lazy or produce poor work. One barrier to their firing is that managers often give these workers good performance reviews because they don’t want to rock the boat.
Past IRS abuses have stemmed from foul play by both politicians and bureaucrats. As for the bureaucrats, investigations during the 1990s revealed how IRS enforcement had run amok, with abusive tactics being used against small businesses and other taxpayers.
Conservative and libertarian scholars are clashing over the findings and political implications of the new Heritage Foundation immigration study. The study, however, also provides a very useful exploration into how massive the American welfare state has become.
Government spending certainly helps the government-dependent parts of the U.S. economy. But most Americans live in the private economy, and so they might like to know how government budget actions affect the economy that they live in.
Taxpayers are paying for billions of dollars of junk food, which seems like a huge waste of money to most people.
Some people are complaining that the sequester is too broad-based, and that it would have been better to target just the most wasteful programs. But members of Congress don’t agree on which programs are wasteful.
Outside of the United States, the global trend is to partly or fully privatize infrastructure, which not only attracts private capital but ensures that it goes toward high-return projects.
Get the Market Movements in Advance: William's Edge Webinar for Friday, March 14th, 2014 | John Ransom
Taxi Publication Threatens To Expose ‘Secretly Gay’ Aldermen If City Doesn’t Ban Ride-Sharing | Nick Sorrentino