From: News.com
US Government 'hiding true amount of debt'
http://www.news.com.au/business/breaking-news/us-government-hiding-true-amount-of-debt/story-e6frfkur-1225926567256#ixzz106MjZzOz
THE actual figure of the US' national debt is much higher than the official sum of $US13.4 trillion ($14.3 trillion) given by the Congressional Budget Office, according to analysts cited on Sunday by the New York Post.
"The Government is lying about the amount of debt. It is engaging in Enron accounting," said Laurence Kotlikoff, an economist at Boston University and co-author of The Coming Generational Storm: What You Need to Know about America's Economic Future.
"The problem is we're seeing an explosion in spending," added Andrew Moylan, director of government affairs for the National Taxpayers Union.
In 1980, the debt - the accumulated red ink incurred by the Federal Government - was $US909 billion. . . . . .
Read more: http://www.news.com.au/business/breaking-news/us-government-hiding-true-amount-of-debt/story-e6frfkur-1225926567256#ixzz10HmbbR48
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Showing posts with label spending. Show all posts
Showing posts with label spending. Show all posts
Wednesday, September 22, 2010
Tuesday, September 14, 2010
Feds Spent $800,000 of Economic Stimulus on African Genital-Washing Program
From: CNS News
Feds Spent $800,000 of Economic Stimulus on African Genital-Washing Program
http://www.cnsnews.com/news/article/75198
The National Institute of Mental Health (NIMH), a division of the National Institutes of Health (NIH), spent $823,200 of economic stimulus funds in 2009 on a study by a UCLA research team to teach uncircumcised African men how to wash their genitals after having sex.
The genitalia-washing program is part of a larger $12-million UCLA study examining how to better encourage Africans to undergo voluntary HIV testing and counseling – however, only the penis-washing study received money from the 2009 economic stimulus law. The washing portion of the study is set to end in 2011. . . . .
Feds Spent $800,000 of Economic Stimulus on African Genital-Washing Program
http://www.cnsnews.com/news/article/75198
The National Institute of Mental Health (NIMH), a division of the National Institutes of Health (NIH), spent $823,200 of economic stimulus funds in 2009 on a study by a UCLA research team to teach uncircumcised African men how to wash their genitals after having sex.
The genitalia-washing program is part of a larger $12-million UCLA study examining how to better encourage Africans to undergo voluntary HIV testing and counseling – however, only the penis-washing study received money from the 2009 economic stimulus law. The washing portion of the study is set to end in 2011. . . . .
Wednesday, September 8, 2010
University Professor Defends Federally Funded ‘Humor Grant’
From: The Blaze
University Professor Defends Federally Funded ‘Humor Grant’
http://www.theblaze.com/stories/university-professor-defends-federally-funded-humor-grant/
Northwestern University professor is under fire from critics for having accepted a $700,000 “research grant” awarded by the federal government to create joke-telling computer software.
According to Chicago’s WLS-TV, Professor Kristian Hammond received the funds from the federal stimulus package, funds meant to create jobs and help shore up the faltering economy. But Hammond insists the “humor grant” is about serious work: . . . .
University Professor Defends Federally Funded ‘Humor Grant’
http://www.theblaze.com/stories/university-professor-defends-federally-funded-humor-grant/
Northwestern University professor is under fire from critics for having accepted a $700,000 “research grant” awarded by the federal government to create joke-telling computer software.
According to Chicago’s WLS-TV, Professor Kristian Hammond received the funds from the federal stimulus package, funds meant to create jobs and help shore up the faltering economy. But Hammond insists the “humor grant” is about serious work: . . . .
Monday, August 30, 2010
Worker at taxpayer-funded agency in Virginia plays hooky
From: CNN
Worker at taxpayer-funded agency in Virginia plays hooky
http://www.cnn.com/2010/US/08/27/virginia.paid.for.no.work/index.html?iref=obnetwork
A worker was paid for 12 years without ever showing up for work at a Norfolk, Virginia, agency funded by federal, state and local money, officials say.
Norfolk Mayor Paul Fraim told CNN on Friday that when a new director took over at Norfolk Community Services Board recently, she was "doing her due diligence" when she discovered the hooky-playing employee was on the books. The director, Maureen Womack, then notified the city attorney's office, Fraim said.
Worker at taxpayer-funded agency in Virginia plays hooky
http://www.cnn.com/2010/US/08/27/virginia.paid.for.no.work/index.html?iref=obnetwork
A worker was paid for 12 years without ever showing up for work at a Norfolk, Virginia, agency funded by federal, state and local money, officials say.
Norfolk Mayor Paul Fraim told CNN on Friday that when a new director took over at Norfolk Community Services Board recently, she was "doing her due diligence" when she discovered the hooky-playing employee was on the books. The director, Maureen Womack, then notified the city attorney's office, Fraim said.
Saturday, August 28, 2010
Mullen: National Debt is a Security Threat
From: Executive Government
Mullen: National Debt is a Security Threat
http://www.executivegov.com/2010/08/mullen-national-debt-is-a-security-threat/
The national debt is the single biggest threat to national security, according to Adm. Mike Mullen, chairman of the Joint Chiefs of Staff. Tax payers will be paying around $600 billion in interest on the national debt by 2012, the chairman told students and local leaders in Detroit.
“That’s one year’s worth of defense budget,” he said, adding that the Pentagon needs to cut back on spending. . . .
Mullen: National Debt is a Security Threat
http://www.executivegov.com/2010/08/mullen-national-debt-is-a-security-threat/
The national debt is the single biggest threat to national security, according to Adm. Mike Mullen, chairman of the Joint Chiefs of Staff. Tax payers will be paying around $600 billion in interest on the national debt by 2012, the chairman told students and local leaders in Detroit.
“That’s one year’s worth of defense budget,” he said, adding that the Pentagon needs to cut back on spending. . . .
Wednesday, August 25, 2010
Virginia's Rags to Riches Story
3:32 Fox News video
Virginia's Rags to Riches Story: Gov. Bob McDonnell turns budget shortfall into surplus
http://video.foxnews.com/v/4319141/virginias-rags-to-riches-story/
Virginia's Rags to Riches Story: Gov. Bob McDonnell turns budget shortfall into surplus
http://video.foxnews.com/v/4319141/virginias-rags-to-riches-story/
Sunday, August 22, 2010
George Will Schools Robert Reich On Deficit Spending, FDR and Herbert Hoover
From: News Busters
With 8:51 video
George Will Schools Robert Reich On Deficit Spending, FDR and Herbert Hoover
http://newsbusters.org/blogs/noel-sheppard/2010/08/22/george-will-schools-robert-reich-deficit-spending-and-herbert-hoover
George Will on Sunday gave Robert Reich a much-needed history lesson about deficit spending and liberal myths concerning Franklin Delano Roosevelt and Herbert Hoover.
As the Roundtable segment on ABC's "This Week" moved to the current state of the economy, Reich predictably called for another stimulus package.
"You can't even talk about stimulus because people say, 'Oh, that would create a deficit and that would generate inflation,'" declared one of the Left's favorite economists.
Fortunately for those actually interested in facts, Will was there to offer viewers the truth (video follows with partial transcript and commentary): . . . . . .
With 8:51 video
George Will Schools Robert Reich On Deficit Spending, FDR and Herbert Hoover
http://newsbusters.org/blogs/noel-sheppard/2010/08/22/george-will-schools-robert-reich-deficit-spending-and-herbert-hoover
George Will on Sunday gave Robert Reich a much-needed history lesson about deficit spending and liberal myths concerning Franklin Delano Roosevelt and Herbert Hoover.
As the Roundtable segment on ABC's "This Week" moved to the current state of the economy, Reich predictably called for another stimulus package.
"You can't even talk about stimulus because people say, 'Oh, that would create a deficit and that would generate inflation,'" declared one of the Left's favorite economists.
Fortunately for those actually interested in facts, Will was there to offer viewers the truth (video follows with partial transcript and commentary): . . . . . .
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