Browsing All Posts filed under »Government Spending«

New Fed study suggests net job creation from Porkulus was … zero

December 6, 2010

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The economists at e21 take a long look at a new study by Daniel Wilson at the San Francisco Fed on the effect on employment from the Obama administration’s stimulus plan, which indicates that the impact was a lot less than advertised.  Instead of adding two million jobs to the economy, the Fed finds that […]

Ready your shovels!

October 21, 2010

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The NY Times has an epic piece titled “The Education of President Obama” which kicks off on page one with some real show-stoppers. First, there’s the President’s self-congratulatory “admission” that: Given how much stuff was coming at us… we probably spent much more time trying to get the policy right than trying to get the […]

Apparently this whole “national debt” thing is a myth

October 7, 2010

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The last we heard from Rep. Phil Hare (D-IL), he impressed voters nationwide by assuring us that he didn’t care about the Constitution when creating law in Congress. Now he wants to let us know that the national debt is nothing but a “myth.”  In what will almost certainly become a sound bite in House […]

A quick budget deficit summary (and solution)

September 8, 2010

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At this point, it would be helpful to recall how much spending Democrats have added to the annual federal budget since taking control of Congress: over a trillion dollars.  The final budget from the Republican-controlled Congress, FY2007, spent $2.77 trillion and had a deficit of just under $200 billion, even with the war included.  The […]

Obama to propose $50 billion in infrastructure spending for stimulus: If at first you don’t succeed, keep spending.

September 7, 2010

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What happens when over a hundred billion dollars in borrowed cash gets plunged into infrastructure spending and it fails to kick-start the economy? According to this administration, spend another $50 billion on the same failed policy. Barack Obama will unveil his new economic stimulus plan in Wisconsin today, while Russ Feingold looks for a place […]

Surprise! Teachers Not Receiving the $10 Billion Promised by Obama and Pelosi

August 18, 2010

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What was touted as legislation to “save the teachers” by President Obama and Nancy Pelosi, the New York Times reports that most school districts are taking advantage of the loophole in the $26 Billion legislation. “A $26 billion federal aid package, signed by President Obama on Aug. 10, allocates $10 billion for school districts to […]

The $26 Billion Bribe for Teacher Union Votes

August 18, 2010

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After the money starts to filter in, the truth starts to filter out. The $26 billion edujobs bill passed and was signed into law. The money will soon be on its way to school districts across the country. What we’re hearing now is only of interest for future reference, yet it’s worth memorializing because we […]