Two of my rules for fiscal policy are: 1) The details of any budget agreement will be to the left of what is first announced, and, 2) The “spending cuts” in any budget agreement will evaporate within two years. With this in mind, I’m not expecting to be overjoyed when we get the details of [...]
Archive for July 31st, 2011
While We Wait for Details about “The Deal,” Here’s Some Debt Limit Entertainment
Posted in Big Government, Debt, Deficit, Government Spending, Humor, Political Humor, tagged Big Government, Debt, Debt Ceiling, Debt Limit, Deficit, Government Spending, Humor, Political Humor on July 31, 2011 | 3 Comments »
Is Pentagon Waste Even More Egregious than Welfare-State Waste?
Posted in Big Government, Fiscal Policy, Foreign Policy, Government Spending, Taxpayer Ripoff, Waste, tagged Fiscal Policy, Foreign Policy, Government waste, Pentagon, Taxpayer Ripoff on July 31, 2011 | 9 Comments »
I realize that national defense is one of the few legitimate functions of the federal government, but that doesn’t mean the Pentagon budget isn’t riddled with waste, fraud, and abuse. Here’s a jaw-dropping example reported by Bloomberg. A U.S. contractor in Iraq overbilled the Pentagon by at least $4.4 million for spare parts and equipment, [...]
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