Government Spending Archives - Page 8 of 27

Higher Taxes Won’t Reduce the Deficit

Wall St. Journal: “The draft recommendations of the president’s commission on deficit reduction call for closing popular tax deductions, higher gas taxes and other revenue raisers to drive tax collections up to 21% of GDP from the historical norm of about 18.5%. The claim here . . . is that these added revenues . . . will be used to reduce the $8 trillion to $10 trillion deficits in the coming decade. If history is any guide, however, that won’t happen. Instead, Congress will simply spend the money.”

Government Employees Owe Billions in Delinquent Taxes

CNBC: “According to an IRS study last year, [federal] employees and federal retirees owed a staggering $3.3 billion dollars in delinquent tax payments to the government.”

Members of US Congress Get Richer Despite Sour Economy

CNBC: “Despite a long and deep recession, the collective personal wealth of congressional members increased by more than 16 percent between 2008 and 2009. . . . a significant number of members owned shares of major players in the health-care and financial-services sectors, which were the subject of major reform legislation during the period.”

Not Happy Losing $3.8 Billion in Fiscal Year 2009, U.S. Postal Service Cuts Expenses & Staff & Loses $8.5 Billion in Fiscal 2010

If you want a reason why the federal government should not touch our national health care system, look no further than the U.S. Postal Service. It’s a government run monopoly that provides less and less service at an ever increasing cost. USPS lost a mere $3.8 billion for the fiscal year ending September 30, 2009, so the unelected and accountable to nobody brains running the USPS devised a plan to cut expenses and staff to save money. Result: losses more than doubled the next fiscal year to $8.5 billion. Delivering mail is a lot simpler than delivering health care to 350 million people. See “Losses double for U.S. Postal Service.”

More Federal Workers’ Pay Tops $150,000

The founding fathers of the United States tried to create a country that exists to help the people. Now the American people exist to support the outrageous pay and benefits paid to the ever growing and over-sized federal work force. The federal government takes American’s tax dollars from people who earn much less than federal government workers to pay the federal workers.

USA Today: “The number of federal workers earning $150,000 or more a year has soared tenfold in the past five years and doubled since President Obama took office.”

USA Today: “Federal workers earning double their private counterparts.”

Gawker: “White House Staffers Got a Bigger Raise Than You Did Last Year“