Federal Spending

Government Spending Crowds the Private Sector Out and In

Most people assume that increased government spending aids the economy and that cuts in spending will hurt it. Even more fear that government spending cuts might push the economy into a recession. The…

How Much Does the Federal Government Owe?

The U.S. government faces severe fiscal challenges due to trillion dollar annual budget deficits and mounting public debt. But the liabilities are much larger than the public debt, due to commitments…

Is Uncle Sam Bankrupt?

When it comes to nondisclosure, the United States government is the father of all financial malfeasants. Indeed, Uncle Sam has been misrepresenting the nation's finances for decades. In the process, h…

Fiscal Policy and Economic Recovery

The Obama administration is committed to using federal spending over the next few years in hopes of turning the economy around. It will be funded by continuous, massive budget deficits. Will deficit s…

Six Steps to Paying Off the U.S. Government Debt

To counteract the recession that began in December 2007, Congress has passed foreclosure assistance, tax rebates, bank bailouts and $787 billion of stimulus.  This spending will result in massive fede…

Will the $800 Billion-Plus Stimulus Plan Bring Economic Recovery?

Banker greed and Wall Street are blamed, but government policies over the last 25 years are the root cause of the current financial crisis.

Economic Stimulus - The Right Way

Rather than a one- or two-year stimulus package, we should be looking for permanent
fiscal changes that turn the economy around in a lasting way.

Stimulus or Pork?

The Congressional Budget Office (CBO) reports that only 7% of the stimulus spending in the House-passed American Recovery and Reinvestment Act (approx. $358 billion of the total) will be spent this ye…