Category Archives: Government Spending

The “Better Deal” is Another Raw Deal

The Democratic Party, recognizing that it has lost touch with many of its former constituents, rolled out its “Better Deal” this week in Virginia.  We have now had Teddy Roosevelt’s “Square Deal,” Franklin Roosevelt’s more famous (or infamous) “New Deal,” Harry Truman’s “Fair Deal,” and now the latest “deal” for the American people.  All of these deals by the way were proposed by Liberal/Progressives, coincidentally or not.  As we should let’s look at this new proposal.  To provide a little… Continue Reading ››

President Trump’s Budget: Neither Great nor Terrible

A reader asked me to post something on President Trump’s proposed budget to Congress.  Opinions have varied as to whether this budget is the apocalypse on one end or the second coming on the other, and pretty much every nuance in between.  As with most budgets–though you may not remember the last one, since it has been some time–this one is only a prospective declaration of a vision embodied in numbers.  There is no likelihood it will be adopted as… Continue Reading ››

Puerto Rico Bankruptcy–is bankruptcy ever a good thing?

Puerto Rico is trying to use a bankruptcy provision approved last year to ameliorate its $123B debt.   Now this is important for many reasons but I just want to focus on one.  This bankruptcy, and the potential of stiffing the bondholders, will be beneficial in the long run.  Why?  I mean, we all think people should pay their debts, don’t we?  So why shouldn’t Puerto Rico? I think the concept of Odious Debt applies here.  Politicians will often promise… Continue Reading ››

Is the Patient Dead? Or Is he Frankenstein’s Monster?

Ted Poe, R-NC, and a House member of the Freedom Caucus, has quit the group, uttering these words among others:  “saying no is easy, governing is hard.”  This was in reference to the Caucus’s opposition to the American Health Care Act, which was pulled by Paul Ryan before a vote.  Poe says he wants to be more effective as a senator by finding common ground with Democrats as well as other Republicans.  I am certain that my view on Poe’s… Continue Reading ››

Update on the American Health Care Act

I want to provide a brief update on the American Health Care Act bill in the House.  I also want to add a bit more analysis.  Currently the bill has been passed out of two House committees.  Democrats are trying to slow it down but aren’t likely to be successful.  But if it makes it to the Senate, it faces stiff opposition from Democrats and from more conservative Republicans who see the bill as a compromise and not what was… Continue Reading ››

A New Beginning or Obamacare Lite?

The House of Representatives has now publicly rolled out its “Repeal and Replace” bill for the elimination of Obamacare and a new health care law.  President Trump seems to like it, while Democrats, predictably, hate it, though I cannot see how they have had time to read it, and some Republicans, such as Rand Paul, have called it “Obamacare Light” because it still contains too much welfare statism.  The bill, to be marked up soon enough, is to its credit,… Continue Reading ››

The City of Man

I am sitting in the San Antonio airport, waiting for my flight back home, reflecting on an excellent Values and Capitalism retreat here and–the subject of this blog–my walk yesterday.  My goal was to walk to a bookstore about two miles from my downtown hotel.  I had mapped it out using Googlemaps and set out for what I thought would be about a 20 minute trip one way.  37 minutes later I realized I had gone too far and had… Continue Reading ››

Bureaucracy and the New President

I was reading an interesting article in Reason today that directly addressed one of the major issues I have raised before and frequently alluded to (see http://reason.com/archives/2016/12/19/trump-versus-the-we-bes, December 20, 2016).  It has to do with the theme of “Trump versus the bureaucracy.”  One could substitute any president’s name in that slogan since the 1930s at least.  This is the crucial question: How does a president or his cabinet or his political appointees actually control the huge Federal agencies and make… Continue Reading ››

The Pernicious Income Inequality of Federal Employees

In an article from CNS News dated December 16, 2016, we have the new but predictable Census Bureau statistics on median income for households in counties of the United States.  The first four richest counties are, …, you guessed it, all in the Washington, DC area, and range from about $99,000 per year to $122, 000 per year (see http://www.census.gov/did/www/saipe/data/highlights/2015.html).  That is more that twice the United States Average of around $55,000.  Nine of the top twenty counties are in… Continue Reading ››

Earmarks, Pork and the Meat Axe: Time for Action

Today Representative John Culbertson (R-Texas) pulled (that is, withdrew) a bill that would have made changes to the earmark ban the House imposed earlier.  An earmark is basically an addition to a bill that includes some kind of project or spending for the congressman’s home district.   It is a rider.  And normally, it constitutes “pork barreling” designed to get that representative re-elected.   So when I first read the headline that the bill was proposed by Culbertson, I thought, well, here… Continue Reading ››