truthful politics reviewed data from various sources on Social Security. The official report that shows the current and projected financial status of Social Security is the Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds. Mark Weisbrot in the Center for Economic and Policy […Full Article]
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. Click on the chart below to see an enlarged, clearer chart. For additional data, click on usgovernmentspending.com. Thomas A. Garrett and John C. […Full Article]
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 […Full Article]
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 […Full Article]
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 […Full Article]
The chart below is the most recent as the most recent data ends in 2007. Click on the chart below to see an enlarged, clearer chart. For further information, click on Budget of the United States Government: Main Page.
David Nather of The Center for Public Integrity in October 2010 reported the following: Medicare expenses grow faster than Social Security expenses. Medicare expenses have grown faster than the economy by 1.3% to 3% over the past 40 years. In 2009, Medicare trustees said Medicare faces $36 trillion in unfunded obligations. However, in 2010 the […Full Article]
James Sherk of The Heritage Foundation in July 2010 reported the following: Federal employees earn 22% more than their comparable private sector counterparts. “Aligning federal compensation with market rates would save taxpayers approximately $47 billion a year.” Federal employees voluntarily quit 67% less than their comparable private sector counterparts. To read the entire report, click […Full Article]
The American Recovery and Reinvestment Act in 2009 was a $787 billion dollar package. John Solomon and Aaron Mehta of The Center for Public Integrity in October 2010 reported that “the Center collected a stack of letters a foot high detailing nearly 2,000 requests from lawmakers in both parties to secure funding from a law […Full Article]
Luke Funk in My Fox New York in October 2010 reported the following: The New Jersey Turnpike Authority spent $43 million on unneeded items. For example, one employee with a base salary of $73,469 earned $321,985 including bonuses. Toll dollars “were spent on items ranging from an employee bowling league to employee bonuses for working […Full Article]