August 28, 2016

Cutting Non-Defense Discretionary Spending Just Isn’t Enough

Cutting discretionary spending alone is not going to solve our fiscal woes. Entitlement reform must happen if we’re to maintain our economic strength. That, or raise taxes. A lot. Related articles When is $100 billion not enough? (lawafterthebar.wordpress.com) Adding up the Federal Balance Sheet (lawafterthebar.wordpress.com) The answer to why Americans are OK with more spending […]

Adding up the Federal Balance Sheet

Do you know your net worth? If you add up all your assets (cash, property, etc) and subtract all your liabilities (debts), do you know what you are worth? As a person, your net worth on paper doesn’t really account for your intangibles, like personality, education, or dashing good looks. Just your value if you sold […]

Why the federal budget is like a road trip…at 174 miles per hour.

I had lunch with a fascinating guy today: Matthias Shapiro, or @politicalmath if you’re on Twitter. Matthias has done a few amazing visualizations on YouTube to demonstrate the realities of America’s budgetary problems. He explained to me that he got started when he heard President Obama offer, early in his term, to cut $100 billion […]

Federal budget outraces CPI by four times

Did you know that federal spending has increased  faster than consumer prices? Four times faster? From 2000 to 2010, federal spending has increased 106% while prices (according to the Consumer Price Index) have only increased 26%. In other words, while the cost of stuff has risen only 26%, the government is spending roughly four times more than if […]

The answer to why Americans are OK with more spending

Yesterday, just before the State of the Union speech, I had an insightful conversation with a family member. This person is taking his first class in political science, something like a Polisci 101 class. He called me to ask some questions for an assignment he was working on. “What does ‘non-security, discretionary spending’ mean,” he […]