Beware of Policies and Legislation Based on the Generational Accounting Scam

By: Sunday October 12, 2014 4:03 pm

The Peter G. Peterson Foundation (PGPF) and its allied army of associated deficit hawks want the Congressional Budget Office (CBO), the General Accountability Office (GAO), and the Office of Management and Budget (OMB) to do fiscal gap accounting and generational accounting on an annual basis and, upon request by Congress, to use these accounting methods to evaluate major proposed changes in fiscal legislation.

 

GAO: Arkansas Will Likely Waste a Lot of Taxpayer Money on Medicaid ‘Private Option’

By: Tuesday September 9, 2014 2:25 pm

After the Supreme Court made taking part in the Affordable Care Act’s Medicaid expansion optional the White House has really bent over backwards trying to convince red states to sign on. They only succeeded in Arkansas after they agreed to let the state expand Medicaid by putting most new people on private insurance in the so-called ‘private option.’

Anti-Small Business Policies Prove Depth of Government Corruption

By: Saturday June 7, 2014 4:44 pm

Over the last twenty-five years three U.S. Presidents and thousands of members of Congress have continually approved some of the most anti-small business, anti-middle class federal programs in history.

U.S. Census Bureau data indicates small businesses are responsible for over 90% of net new jobs, over 50% of the private sector workforce, over 50% of the Gross Domestic Product and over 90% of all U.S. exports.

Holder and Mueller Spent $7.8 Million Taxpayer Dollars on Personal Travel

By: Thursday April 17, 2014 7:50 am

It has been said that perhaps some Americans are not fully honest on their tax reporting. Some may “forget” to report cash payments here and there, and more than a few will likely exaggerate business and other expenses to score a deduction. It’s a kind of tradition, one that lessens how much tax money the government gets from us Citizens.

HHS Granted $3.7 Billion to Help States Set Up Their Own Exchanges

By: Tuesday July 2, 2013 12:10 pm

Creating roughly a hundred new health insurance exchanges, one for individuals and one for small businesses in each state, is not cheap. So far the Department of Health and Human Services has rewarded about $3.7 billion in exchange grants to the states according to a new Government Accountability Office report.

The $1.3 Billion Stupidity Penalty We Paid for Having an Unnecessary Debt Ceiling

By: Tuesday July 24, 2012 10:00 am

Given that the United States debt is denominated in US dollars and our government can technically print as many US dollars as it needs, we should never default on our debt. The only way we could truly default would be if Congress, in an incredible act of stupidity, decided to vote to default and overrode a Presidential veto. Traditionally that seemed so obviously idiotic that markets had no fear it would happen. But that all changed last year when Republicans decided to hold the vote to raise the debt ceiling hostage to their budget reduction demands.

GAO Faults OCC on Foreclosure Reviews

By: Friday July 6, 2012 11:27 am

In general, borrowers get something in the mail that looks like a scam letter. It doesn’t specify what they could receive from this government review of their foreclosure. Even the most savvy borrower – if they can be found, since they probably don’t live in the same house that they did before the foreclosure – would be hard-pressed to read it and respond. That’s especially true because this community has been inundated with scams and grifts, and they are at least attuned to that possibility.

Federal Crop Insurance Wastes a Billion Dollars on Corporate Welfare

By: Thursday April 12, 2012 1:45 pm

The Government Accountability Office took a look at the federal government crop insurance program and the result isn’t pretty. We effectively waste $1 billion a year providing corporate welfare to very large agribusiness operations.

Chris Christie Lied About Costs of Hudson River Tunnel Project He Cancelled

By: Tuesday April 10, 2012 12:30 pm

New Jersey Republican Governor Chris Christie cancelled a tunnel project across the Hudson River in 2010, a decision which made him very popular in conservative circles, claiming that the costs has dramatically increased while the state would be forced to bear most of the risks . It turns out that he had to twist facts to justify this decision.

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