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ICYMI: “Government Pay: Now For The Really Bad News”

 

In an August 30th piece, Forbes joins the discussion on public- vs. private-sector pay disparities, and offers a look at the consequences – current and future – should this trend continue.

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Second stimulus won’t spur economic growth

 

There is little doubt Americans are feeling anxious and uncertain about the U.S. economy. According to a CBS poll, 83% of Americans think the economy is in “bad” shape; 37% even say it’s in permanent decline. Economists are uneasy as well. As we pointed out last week, GDP growth for the second quarter of 2010 was just revised down to a dismal 1.6%.

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Top 3: last week’s most popular posts

 

New video: How the American public views its government

Fiscal Cheat Sheet: Consequences (state)

Extravagant schools show politicians’ twisted priorities

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Did you get your money’s worth from Congress last week?

 

What you paid
Last week, taxpayers spent roughly $107 million on Congress.

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BUSH or OBAMA: Can 8-28 DC rally-goers match spending facts with the right president?

 

The BA team breezed through the big 8-28 rallies in Washington, DC to test the government spending IQ of participants. We gave them five spending facts and asked whether they were implemented by Bush or Obama. The answers may surprise you.

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Second quarter GDP revised down

 

This morning, the Bureau of Economic Analysis announced the revised estimate for GDP growth in the second quarter of 2010. Originally, it was estimated that the economy grew by 2.4 percent. That has since been revised down to 1.6 percent. In response to the news, the Associated Press lamented, “The economy barely has a pulse.”

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ICYMI: “The Most Fiscally Irresponsible Gov’t in U.S. History”

 

In a must-read op-ed in today’s US News & World Report, Mort Zuckerman outlines why Americans’ growing pessimism about the nation’s economic and fiscal situation – and the governments’ economic and fiscal policies — is, regrettably, justified.

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Friday Funnies Rerun: our Top 5

 

As many of the late-night comedy shows take the week off, showing reruns, we release a rerun of our own. Our top 5 favorite Friday Funnies.

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Another voice of concern about wasteful spending

 

Yesterday we noted Sen. Mike Bennet’s (D-CO) comments Saturday regarding government overspending. Today, The New York Times highlights Rep. Earl Blumenauer’s (D-OR) thoughts on federal spending. According to the paper Rep. Blumenauer believes lawmakers “need to bring the costs of [federal government] programs in line with reality.”

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Definition: Budget Committee vs. Appropriations Committee

 

A closer look at the two committees that oversee the federal budget and spending process.

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