Category Archives: Budget

on unintended consequences

Walter Russell Mead has been a keen observer of society and its arrangements and structures, especially what he calls the “Blue model” of government, where public spending becomes a key support of economic support for certain demographic groups. Notably in … Continue reading

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Andy Dufresne on the global fiscal situation

and whether Cyprus and the problems in Europe might happen in the U.S.: ‘There are really only two types of men in the world when it comes to bad trouble,’ Andy said, cupping a match between his hands and lighting … Continue reading

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how do you solve a problem like San Bernardino?

Having lived in San Bernardino for 12 years through 90’s into the 00’s, I try to stay aware of what’s going on there. Since last year, most of the reporting has been about its fiscal failings and its efforts to … Continue reading

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Federal spending is a moral issue

It’s become a bit of a trope among some to remark that the U.S. federal budget is a moral document. Curiously, I haven’t noted much moral concern that there is currently no functioning federal budget, since no budget resolution has … Continue reading

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Sequestration nonsense

Yes, federal spending is out of control: “Since 2002, total federal spending has increased nearly 89% while median household income has dropped 5% and median wealth has dropped 23%. In other words, while families have been doing more with less, … Continue reading

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big government and my old hometown

San Bernardino, CA, isn’t where I grew up, but we lived there for 12 years, my kids grew up there, and we have a lot of friends and good memories in that city. The city’s collapse over the past year … Continue reading

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The can gets bigger the more it’s kicked.

 

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Quote of the day

“Even if lawmakers temporarily avert the fiscal cliff, our fiscal problems will continue until we address the government-directed crony capitalism that is destroying our ability to end the current economic malaise and reclaim our prosperity.” John Fund, “The Mega Scandal … Continue reading

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on the fiscal cliff deal

“The fiscal trajectory of our welfare state is not sustainable, no matter how much taxes go up. That is the truth at the heart of our budget crisis. The fiscal-cliff debate ignored that truth from start to finish, and so … Continue reading

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Promises that can’t be kept, won’t

I used to think I had a decent handle on the federal budget problem. Apparently not. Until watching this video I did not know that for 2012 mandatory spending, mainly entitlement programs plus interest payments, adds up to more than … Continue reading

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