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I thought I’d heard the worst in government waste. Silly me. Leave it to San Francisco to raise the bar on unfathomable waste. Sit down before reading on:
Wheelchair ramp will cost $100,000 a foot
Phillip Matier,Andrew Ross
The proposed $1 million wheelchair ramp in City Hall. Chronicle Illustration
Where else but San Francisco City Hall could a [...]
Posted by Jerry Pomeroy as Budgets, Government Waste at 7:30 PM UTC
CBO warns of ‘profound’ challenges
The current national unemployment rate is 9.1 percent. | Reuters Close
By SEUNG MIN KIM | 8/24/11 9:40 AM EDT Updated: 8/24/11 12:32 PM EDT
The Congressional Budget Office painted a dreary economic picture Wednesday in a new report that warns of “profound budgetary and economic challenges” ahead.
The national [...]
Posted by Jerry Pomeroy as Budgets, Government Blunders, Obama Presidency at 11:11 AM UTC
Here’s a heartwarming story about Uncle Sam’s spending practices. The following must be true; it’s from the Associated Press:
Gov’t pays for empty flights to rural airports
By KEVIN BEGOS and ADRIAN SAINZ
Associated Press
AP Photo/Vicki Smith
US Video
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On some days, the pilots with Great Lakes Airlines fire up a twin-engine Beechcraft 1900 [...]
Posted by Jerry Pomeroy as Budgets, Government Waste at 6:40 AM UTC
The inevitable has happened. The Federal government has spent its way out of the highest credit rating. For the first time in history, at least one rating agency has reacted to Washington’s profligate ways. When more downgrades follow, everyone’s credit will cost more. Thanks President Obama.
S&P downgrades U.S. credit rating
By Charles Riley @CNNMoney August 5, [...]
Posted by Jerry Pomeroy as Best Of the Web, Budgets, Economics, Government Blunders at 7:21 PM UTC
For a sobering look at our national debt, put www.usdebtclock.org in your browser. Be sure to click on the link in the top right-hand corner that shows debt in the year 2015 at current rates. Beyond scary.
While you are at it, enjoy a clip from Judge Judy. This is what we’ve created:
Posted by Jerry Pomeroy as Budgets, Economics, Fraud Watch, Government Blunders, Video at 4:28 PM UTC
What? Our title can’t be true, can it? Read on:
When a cut is not a cut
By Rep. Ron Paul (R-Texas) - 08/01/11 12:15 PM ET
One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to drastically [...]
Posted by Jerry Pomeroy as Best Of the Web, Budgets, Fraud Watch, Government Blunders at 3:18 PM UTC
The Tea Party founder speaks the truth about “compromise.”
Interview with Tea Party Co-Founder Mark Meckler
‘We Have Compromised Our Way Into Disaster’
AFP
About 74 percent of the Tea Party Patriots in the US want Republican Speaker of the House John Boehner (center) to go.
Mark Meckler, 49, the co-founder of the Tea Party Patriots in [...]
Posted by Jerry Pomeroy as Best Of the Web, Budgets, Fraud Watch, Government Blunders at 10:23 AM UTC
Moodys is reluctant to downgrade America’s bond rating. But, it knows the phony “cuts” being proposed by both parties will do nothing to fix the nation’s fiscal future. $900 billion in cuts over 10 years amounts to less than 10% of the deficit. Therefore, this average American predicts that the total U.S. debt will top [...]
Posted by Jerry Pomeroy as Budgets, Government Blunders at 6:20 AM UTC
If the nation’s debt ceiling isn’t raised by August 2nd, all economic hell may break loose. There is but one man to blame if “debt-maggedon” grips the land: President Obama. Read on for the details:
CURL: Is Obama a pathological liar?
The Washington Times
7:17 p.m., Sunday, July 24, 2011
In the weird world that is Washington, [...]
Posted by Jerry Pomeroy as Best Of the Web, Budgets, Ethics, Fraud Watch, Government Blunders at 6:14 AM UTC
Pardon my excitement, but holy cow! The New York Times actually printed an article that presents evidence heralding spending cuts over tax increases to solve deficit problems. No kidding. You need to read to paragraph 13 to strike gold, but it’s worth the slog. What’s next, Time Magazine arguing for intelligent design? Of course, the [...]
Posted by Jerry Pomeroy as Best Of the Web, Budgets, Economics, Taxation at 1:59 PM UTC