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 […]
Federal budget outraces CPI by four times
February 17, 2011 by Daniel Burton
Filed Under: Government, Laws and Lawmakers Tagged With: Arnold Kling, Barack Obama, budget, consumer price index, Discretionary spending, Economics, F.A. Hayak, Federal Budget, Federal government of the United States, Friedrich Hayek, Government spending, Laws of Economics, Mandatory spending, postaday2011, Price Index, Road To Serfdom, Social Security, United States federal budget
The answer to why Americans are OK with more spending
January 27, 2011 by Daniel Burton
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 […]
Poll: Did you watch the State of the Union?
January 25, 2011 by Daniel Burton
What did you think? Please take a moment and vote below.
Filed Under: Laws and Lawmakers, Politics Tagged With: Barack Obama, Biden, Boehner, Joe Biden, John Boehner, Obama, Poll, SOTU, State of the Union, State of the Union address
Will Justice Roberts skip the State of the Union?
January 25, 2011 by Daniel Burton
Remember when President Obama took a shot at the Supreme Court during last year’s State of the Union address? Go here to watch a short clip of it if you don’t. President Obama (aka POTUS) chided the Supreme Court for their ruling in Citizens United, which overturned aspects of then current campaign finance law, specifically cutting […]
the sound of a bubble popping?
January 14, 2011 by Daniel Burton
Rep. Barney Frank of Massachusetts Today, Standard & Poor’s and Moody’s Investors Service warned that the United States government is in danger of losing its AAA credit rating, the highest possible rating a large institution can hold. According to Taylor Graff at Cavanaugh Capital Management, the AAA rating is the “pinnacle of safety in the investment universe.” […]
Filed Under: Government, Politics Tagged With: Andrew Ross Sorkin, Barack Obama, Bond credit rating, Credit rating agency, entitlements, federal debt, invest, Investment, Moodys, New York Times, politicians, politics, postaday2011, Standard & Poor's, Wall Street
Federal Judge Rules “individual mandate” Unconstitutional
December 13, 2010 by Daniel Burton
It won’t be the last stop for President Obama’s signature health care bill, the Affordable Health Care for America Act, but it was a road bump that I’m sure the Obama Administration could have done without. Today, a federal judge in Virginia ruled that the “individual mandate,” which mandates health coverage for most Americans by 2014, […]
Will Dems or GOPers “get the message” from last Tuesday?
November 8, 2010 by Daniel Burton
Image by jmtimages via Flickr Some guy over at Popehat doesn’t think they will: Chance of the Republicans “Getting It” About Small Non-Economic-Sector Government: Thumbs Down.There is no good indication that Republicans, whether traditional or Tea Party, grasp — or care — that military adventurism, the post-9/11 Security State, the War on Drugs, or government enforcement […]
Filed Under: Nothing to do with the law, Politics Tagged With: Barack Obama, Democratic Party, economy, Government, Republican, Steve Kroft
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