truthfulpolitics.com

State and Local Government Spending

Posted by truthfulpolitics.com Government Spending 842 Responses »

Nov 192010

The following charts show U.S. state and local government spending. “Total Spending-l” is local spending and “Total Spending-s” is state spending.

Click on the chart below to see an enlarged, clearer chart.

For additional data, click on usgovernmentspending.com.

Thomas A. Garrett and John C. Leatherman of Kansas State University in 2000 mentioned the following:

1960: state governments spent $740 per person, local governments spent $670 per person
1996: state governments spent $2,600 per person, local governments spent $1,600 per person
Between 1960 and 1996, state expenditures and revenues as a percent of GDP doubled
Between 1960 and 1996, local expenditures and revenues as a percent of GDP increased by 50%

To read the entire report, click on An Introduction to State and Local Public Finance.

Well-Being Survey

Posted by truthfulpolitics.com Economic Performance, Education, Health Care, Miscellaneous Issues 156 Responses »

Nov 162010

The American Human Development Project, a nonpartisan initiative, completed their The Measure of America report. It measures three categories: health, education, and income. Some of the findings are as follows:

U.S. life expectancy is 78.6 years, the same life expectancy for Chile. Chile spends 10% of what the U.S. spends on health care.
The 11 “states with the shortest lifespans are in the South.”
Washington, D.C. scored the highest in Education with 85.8% of adult residents being high school graduates and 26.7% having graduate or advanced degrees. Arkansas scored last with 82% of adult residents being high school graduates and 6.3% having graduate or advanced degrees.
“In every ethnic and racial group studied except Asian Americans, women have higher educational attainment and enrollment than men.”
“The wealth of the top 1 percent of households rose, on average, 103 percent (to $18.5 million per household) from 1983 to 2007. The poorest 40 percent of households experienced a 63 percent decline in wealth during the same period (to $2,200 per household).”
Washington, D.C. has the highest median earnings of $40,342 and Arkansas has the lowest median earnings of $23,471.
“The wealthiest 20 percent of U.S. households have slightly more than half of the nation’s total income. The poorest 20 percent have 3.4 percent of total income.”
“In health, we must address the ‘Fatal Four’-the risk factors that are the most significant contributors to premature death, namely, smoking, poor diet, physical inactivity, and drinking to excess.”
“In education, research shows that quality preschool is the single most decisive means to prepare disadvantaged children for elementary school.”
In income, prevalent poverty affects health and education negatively. Therefore, financial literacy should be included in the education system and retirement savings should have automatic enrollment to help build up assets.

The 3 risks to a long and healthy life:

The percentage of babies with a low birth weight
Diabetes rates
And, the trauma-related death rate.

The 3 risks to access to knowledge:

The percentage of 3- and 4-year-olds not enrolled in preschool
The percentage of fourth graders not demonstrating reading proficiency
And, the percentage of students not graduating from high school on time.

The 3 risks to a decent standard of living:

The number of children under the age of 6 living in households with incomes below the poverty line
The number of marginally attached workers
The number of renters with severe housing-cost burdens
And, the number of elderly living in poverty.

Click on the chart below to see an enlarged, clearer chart.

To read the entire report, click on American Human Development Project of the Social Science Research Council.

The U.S. Federal Debt Compared to Its Economy vs. Other Countries’ Federal Debt Compared to Their Economies

Posted by truthfulpolitics.com Government Debt 11 Responses »

Nov 132010

As of the writing of this article, the U.S ranks #40 out of 129 countries, according to the CIA, the Central Intelligence Agency, in highest ratio of debt to GDP. The higher the ranking number the better; ergo, Libya has the lowest debt as a percentage of GDP and Zimbabwe has the highest. Other countries in the rankings:

Libya #129 (the lowest debt to economy ratio)
Equatorial Guinea #128
Iran #111
China #110
Mexico #68
Spain #42
India #34
France #17
Canada #13
Japan #2
Zimbabwe #1 (the highest debt to economy ratio)

To view the entire list and rankings on the CIA website, click on Country Comparison :: Public Debt.

Inaccurate Beliefs About Current Federal Reserve Policies

Posted by truthfulpolitics.com Economic Performance 265 Responses »

Nov 122010

Greg Ip in The Washington Post in November 2012 reported on misconceptions about current Federal Reserve Policies.

The Federal Reserve will create high inflation by creating the new Quantitative Easing policy and printing $600 billion.
- The “money can lead to inflation only if banks lend it and consumers and businesses spend it.” Currently, banks have not been lending and individuals and businesses have not been spending.
The Federal Reserve will devalue the dollar.
- “If the Fed had an explicit policy of devaluing the dollar, it would sell dollars on the open market, buying foreign currencies in return. However, the Fed does this only with the Treasury’s consent, and it hasn’t done so since 2000.”
- When the value of the dollar decreases, it helps increases U.S. exports.
The Federal Reserve is trying to help wasteful government spending.
- “Hyperinflation in countries such as Zimbabwe or Weimar Germany occurred when private investors wouldn’t lend to the government, so the government printed money to finance its spending.” Currently, there are plenty of private investors for U.S. treasuries.
The Federal Reserve is not susceptible to politics.
- Presidents and Congress “can privately and publicly browbeat the chairman, withhold his reappointment, appoint compliant governors or amend the Federal Reserve Act.”
Ben Bernanke, the current Federal Reserve chairman, “knows what he’s doing.”
- The “Federal Reserve’s history is littered with mistakes, from those that led to the Great Depression in the 1930s to those that brought on stagflation in the 1970s.”

To read the entire article, click on Five myths about the Federal Reserve.

Renewable Energy Availability Maps

Posted by truthfulpolitics.com Environment 748 Responses »

Nov 092010

The United States Department of Energy has mapped areas in the U.S. for renewable energy. The charts below show the availability for wind, solar, biomass, geothermal, and water (hydropower) energy sources in the U.S.

Wind:

Click on the chart below to see an enlarged, clearer chart.

Solar:

Click on the chart below to see an enlarged, clearer chart.

Biomass:

Click on the chart below to see an enlarged, clearer chart.

Geothermal:

Click on the chart below to see an enlarged, clearer chart.

Water (Hydropower):

Click on the chart below to see an enlarged, clearer chart.

To read additional information or view additional maps, click on U.S. Department of Energy Renewable Resource Maps.

Ease of Doing Business in the U.S. vs. Other Countries

Posted by truthfulpolitics.com Economic Performance 758 Responses »

Nov 072010

The Doing Business report, a project of The World Bank Group, annually publishes findings on the business climate of individual countries, business regulation and enforcement, and the impact on small to medium-size companies (ease of doing business).

The U.S. overall ranked 5th out of 183 countries, the same rank as 2010.Â (The lower the number, the better.)
In individual topics, the U.S. ranked 9th in starting a business, 6th in getting credit, and 5th in protecting investors.
Furthermore, in individual topics, the U.S. ranked 27th in dealing with construction permits, 62nd in paying taxes, and 20th in trading across borders.

Click on the chart below to see an enlarged, clearer chart.

To read the entire report for 2011, click on Doing Business.

How Fiscally Conservative is John Boehner?

Posted by truthfulpolitics.com Government Debt, Government Spending, Miscellaneous Issues 168 Responses »

Nov 062010

truthful politics analysed a portion of the voting record for Congressman John Boehner, Republican from Ohio. Some of the larger, or well-known, bills are listed including the cost or savings to the federal government. CBO stands for Congressional Budget Office and is a nonpartisan agency of the United States federal government.

2010 – voted for Prohibiting 2010-2011 Congressional Cost-of-Living Pay Increase (H.R. 5146)
2010 – voted against Health Care and Education Affordability Reconciliation Act of 2010 (H.R. 4872, commonly referred to as the “Health Care Reform Reconciliation Bill”)
- saves $143 billion per the CBO
2009 – voted against Patient Protection and Affordable Care Act (H.R. 3590, commonly referred to as the “Health Care Reform Bill”)
2009 – voted against Appropriations, Tax Law Amendments, and Unemployment Benefit Amendments (H.R. 1, commonly referred to as the “Stimulus Bill”)
- spends $787 billion per the CBO
2008 – voted for Financial Asset Purchase Authority and Tax Law Amendments (H.R. 1424, commonly referred to as the “Bailout Bill”)
- spends $700 billion per the CBO
2008 – voted for Economic Stimulus Plan (H.R. 5140)
- spends $124 billion per the CBO
2007 – voted against Pay-As-You-Go Rule (H.Res. 6)
2002 – voted for Medicare Modernization and Prescription Drug Act (H.R. 4954)
- spends $337 billion per the CBO
2001 – voted for No Child Left Behind Act (H.R. 1)
- spends $135 billion per the CBO
2001 – voted for Economic Growth and Tax Relief Reconciliation Act (H.R. 1836)
- increases the debt by $1.35 trillion per the CBO
1995 – voted for Balanced Budget Proposed Constitutional Amendment (H.J. Res 1)
1993 – voted for Penny Amendment to the Government Reform and Savings Act of 1993 (H.Amdt. 416)
- saves $90 billion per Project Vote Smart
1993 – voted against Economic Stimulus Package (H.R. 1335)
- spends $26 billion per Project Vote Smart

According to The Washington Post, Congressman Boehner votes with his party 95.7% of the time. According to Open Congress, he votes with his party 97% of the time.

To access the voting record, click on Project Vote Smart, or OpenCongress, or The Washington Post. To access CBO estimates, click on Congressional Budget Office.

The Federal Debt

Posted by truthfulpolitics.com Government Debt 431 Responses »

Nov 022010

If an individual spent $1 million dollars a day for the past 2000 years, ignoring leap year days, they would have spent $730,000,000,000, or $730 billion dollars ($1,000,000 * 365 * 2000).

The US Department of the Treasury lists the total Federal debt at over $13,668,825,497,341, or $13.6 trillion. This number will inherently be incorrect in a short amount of time. Regardless, the debt number means that since the founding of these United States over 200 years ago, the federal government has spent $13.6 trillion more than what it has.

Therefore, the U.S. has spent more money than it earned in the past 200 years than someone who would have spent $1 million dollars a day for the past 2000 years.

To find out the current debt to the penny, go to The Debt to the Penny and Who Holds It. To read additional truthful politics article on the federal debt, click on U.S. Federal Debt by President/Political Party or U.S. Federal Debt Change (Increase/Decrease) by President.

Politicians Speak Against Government Spending, Take Government Contracts and Tax Breaks

Posted by truthfulpolitics.com Government Spending, Miscellaneous Issues 6 Responses »

Nov 012010

Kimberly Leonard and Aaron Mehta of The Center for Public Integrity in October 2010 reported the following:

John Raese, Republican, spoke against government spending and spoke for controlling the federal budget. His company Greer Industries Inc. sold $2.7 million of products to the federal government and $29 million to the state of West Virginia.
Reid Ribble, Republican, spoke against the American Recovery and Reinvestment Act of 2009, commonly referred to as the stimulus bill. A construction company owned by memebers of his family received $130,000 in stimulus funds.
Robin Carnahan, Democrat, “called for a halt to expanded stimulus spending”. Her brother’s company, Wind Capital Group, received $107 million in 2009 from the stimulus.
Tom Ganley, Republican, spoke against the “cash for clunkers” program. Ganley’s auto dealership received approximately $3.7 million from the program.
Scott Rigell, Republican, spoke against government spending and the stimulus. His auto dealerships received $568,500.

To read the entire article, click on Some Anti-Spending Candidatesâ€™ Businesses Have Government Contracts, Tax Breaks In Their Past.

Alternative Energy in the Military

Posted by truthfulpolitics.com Environment, Government Spending 343 Responses »

Nov 012010

The U.S. military has explored using alternative energy:

The U.S. Navy tested a 49 foot gunboat that runs on algae-based fuel and diesel in October 2010.
According to an article in The Guardian, a gallon of gas costs $400 whereas a gallon of algae-diesel mix costs $424 per gallon.
The military switched to diesel fuel previously.
According to an article in The Oakland Press, the U.S. Army pays $16 to $17 per gallon.
In forward operating bases in Afghanistan, diesel costs $40 per gallon.
“A 1 percent improvement in fuel economy of military vehicles means the number of soldiers required to serve as escorts drops by more than 6,000, or the equivalent of one infantry brigade”.
The U.S. military uses between 400,000 barrels of oil a day during peacetime and 800,000 barrels a day during the height of the Iraq War.
The U.S. military is the largest single buyer of oil.
Every $10 increase in the price of oil costs the U.S. Air Force an additional $600 million each year.

To read additional information, click on US navy completes successful test on boat powered by algae, Military sees big role for hybrid, electric vehicles, or Surging price of oil forces US military to seek alternative energy sources.

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