Search this Site:
Loading
This site contains material that is fiscally conservative (not wasteful) and socially moderate in nature and contains articles and editorials about current events, information about government waste, stock market/economic news and book reviews. There are also some helpful tools, a few funnies and quotations for your enjoyment. Editor: A.R. Adamson 

 U. S. Government Debt:    Almost 20% of the value of your labor and the products you produce goes into the federal coffers to be spent as they choose. FedGov spends your money like drunken sailors. They give NO thought to where the money comes from or whether an expense can be afforded or if it is prudent. If they want something (anything) they just write the check and the Federal Reserve prints the greenbacks to cover it. This is the result:

The national debt was $9,986,000.000,000.00 when President Obama took office. That is the amount accumulated by the previous 43 U.S. Presidents combined (1789 through 2008). For examples of how FEDGOV wastes your money click the link in the title bar or click here.

Things That Matter (news and current events)

 

Federal Budget and Appropriation Process

Abstract. The budgeted spending for the US Government for 2015 is $3.9 Trillion (Revenue is projected to be 3.23 Trillion and the rest debt). Of that $2.56 Trillion (65%) is “mandatory” spending with the remaining $1.34 Trillion going for “discretionary” spending. Discretionary spending covers the administrative functions of the government and defense. Mandatory spending covers social programs (like social security, medicare, unemployment benefits, medicaid and welfare programs). Social security, medicare and unemployment benefits are (or are supposed to be) self funded as they are expected to bring in revenue of $1.12 Trillion and cost about $1.28 Trillion. This leaves $1.44 Trillion (37% of the total budget) for social programs (medicaid and other welfare programs) which bring in no revenue and the unfunded portion of the revenue producing programs.

Note: Mandatory spending is not “budgeted” in the normal sense because there is no give and take. It is a number provided by OMB based on those who qualify and it must be funded, thus the term “mandatory”

So, with 37% of the $3.9 Trillion going for unfunded social welfare programs one must ask "is welfare underfunded?". Poorly spent, probably, but there is as much spent in this area as there is to fund our military, the salaries and overhead of most FedGov employees and all other functions of the entire government. Read more...

The Founders’ Model of Welfare Actually Reduced Poverty

Abstract. Both conservatives and liberals often misunderstand the American Founders’ approach to poverty and welfare. Conservatives tend to assume that poor relief in early America was entirely private, while liberals generally think the poor were entirely neglected until the 20th century. But America has always had laws providing for the poor. The real difference between the Founders’ welfare policies and today’s is over how, not whether, government should help those who are in need. The question was and remains: What policies help the poor, and what policies harm them? The ultimate goal for the Founders was lifting the poor out of poverty as quickly as possible and preventing permanent dependence. Read more...

Iraq Exists as a Idea, Not a Nation

Abstract. Iraq today no longer exists. In 2008, 80 percent of those polled said they were  “Iraqi above all.” Today that number is 40 percent. Read more…

The Richest Man in the World (Is Vladimir Putin hiding  $200 Billion?) 

Abstract. Putin does not really care what the West does or thinks. In the highly personalized political world that Putin has created in Russia, his personal wealth is irrelevant. Consider a 2012 report that took a look at the luxuries Putin's office afforded him. Among the many perks were a lavish estate called Constantine Palace and 43 aircraft worth an estimated total of $1 billion.

Putin might not technically own these 43 aircraft, but, as the sole political power in Russia, he can act like they're his. He might not own Constantine Palace, either; but it's his, too. Given the enormous political power he has amassed, you can extend this logic further and further: Russia's currency reserves are his; Russia's military is his; even the asphalt that paves Russia's roads is his. Money may give Bill Gates power, but Putin already has the power: He doesn't need the money. Read more...

Economist Martin Feldstein on the State of the Recovery

Abstract. For the longer term, the economy faces a serious issue of preventing the projected explosion of the national debt. The ratio of the national debt to GDP has doubled in the past decade, from roughly 35% to about 75%. It is projected to start rising again in the near future, heading to 100% of GDP and higher unless legislative action is taken. Read more…

Poverty Trap Or Job-Lock: Obamacare Will Be Costly For Those Ineligible For Subsidies

Abstract. The Congressional Budget Office revealed this week that Obamacare is expected to make unemployment more attractive than working for more than 2.3 million Americans in coming years. For some Americans the incentive to not climb the economic ladder will be especially strong, as earning just $1 more than 400 percent of the Federal poverty line could drive their insurance costs up by as much as $20,000 a year. Read more…

Why the Fifth Circuit Smacked Down Obama’s Immigration Appeal

Abstract. To show it had standing, Texas claimed it had suffered a direct injury from the president’s executive actions — namely, that it would have to issue driver’s licenses to the state’s 500,000 amnesty beneficiaries, at a substantial loss to state coffers. Read more…

War in the Pacific?

Abstract. The US has been calling on China to halt the construction of entire islands with ports, army barracks and at least one air strip near the SpratlyIslands. The area—one of the world’s busiest shipping lanes and home to fertile fishing grounds as well as possibly oil and gas—is the focus of overlapping claims by China, the Philippines, Malaysia, Vietnam, Taiwan, and Brunei.  Read more…

Russia Masses Heavy Firepower on Border with Ukraine

Abstract. Russia's army is massing troops and hundreds of pieces of weaponry including mobile rocket launchers, tanks and artillery at a makeshift base near the border with Ukraine. Read more…



Archive 

Recommended links:
  Facebook
  ARRA News    
  Drudge Report
Contents:
√  Federal Budget
  The Founders’ Model of Welfare
√  Iraq
  Putin, The Richest Man
√  An Economic Checkup
  Obamacare or Work?
  Obama’s Immigration Appeal
  War in Pacific
  Russia and Ukraine

 

Fact Checkers

IRS Problems? We can help! 

Make a Free Website with Yola.