Federal Budget, Why Should you Care About the Federal Budget, (nationalpriorities.org) It appears, we need to better understand what we are talking about. Or at least establish a foundation for our words which I believe we take for granted. I took the liberty of pulling this up from a site. It is pretty basic. Borrowing […]
Everyone “knows” that the corporate income tax is a mess. Ask any company. They pay too much in corporate income tax, face rates higher than in any other OECD country, and are just following the law when they use tax havens to keep profits eternally deferred from taxation and to perform general sleight-of-hand. Don’t […]
Rjs sends a link filled note on the ongoing federal financial merry go round: It’s been a pretty slow week, with neither major monthly economic reports nor widespread kerfuffles in the blogosphere…as we figured, all the budget proposals floated earlier this year have gone nowhere, and it now appears that the republicans wont negotiate on […]
With constant delays due to significant engineering issues and design flaws, the cost of the F-35 has risen to $395.7 billion. But that’s just to build the planes. When you add in the cost of testing, operations and support, it will cost an additional $1.1 trillion — bringing the overall price tag to an incomprehensible […]
Center for Effective Government presents side by side budget comparisons: Click image to see full-size PDF chart and analysis A larger image is also available (JPG format)
Think Progress offers a note of caution when we think we have reality nailed for government spending and results. And how ‘public displays’ by our politicians offer up little information: During the 2012 fiscal year, the federal government spent more on immigration enforcement — $18 billion — than on every other federal law enforcement agencies […]
Slate’s William Saletan has a terrific article there today, with a terrific title: Tax Evasion: Romney’s preposterous arguments for not telling you which tax breaks he’d abolish. And, yes, elsewhere, too, mainstream-media folks are showing some morning-after queasiness about their debate verdict, by getting into the “um … huh?” stuff now. But in pointing out that […]
by reader ilsm The Campaign to Preserve Pentagon Waste is in High Gear: From Forbes, Defense Advocate Loren Thompson: How To Waste $100 Billion: Weapons That Didn’t Work Out One of the most unsettling facets of federal finance is the way the government devalues past investments. The political system is so focused on the next […]
by Linda Beale House passes spending bill While the Senate was wrangling over what of the noxious provisions in HR 3630 they would have to keep in order to get expanded unemployment compensation and a payroll tax cut, the House passed a spending bill 296-121 (with 147 Republicans and 149 Democrats in favor) to […]
Yves Smith spells out her strong opinion of our dilemma nationally for the elections of 2012. This particular arena of regulating banks and non banks and and accountability also takes on a wider symbolic meaning in this election cycle. How this plays out in determining national budget spending priorities through the lens of an explosion […]