On Monday, the Mercatus Center released an analysis of the long-term cost projections of the Medicare Program found in this years’ trustees report. Today’s “Top 5 Things To Know” will take a further look at the Mercatus report.
A new study found that Cash For Clunkers hurt the industry it was supposed to help by reducing auto manufacturer industry revenues by $3 billion.
Last week, National Journal reported that the Obama administration spent $840 million designing HealthCare.gov — the federal exchange system — and the 36 state insurance exchanges it helps to serve. Last Thursday, the Government Accountability Office (GAO) testified at a House Energy and Commerce Committee meeting and noted that a long series of management, oversight and contracting problems led to the cost surge.
Federal workers were paid salaries and bonuses for watching television and checking Facebook.
A large part of Social Security that provides federal assistance to disabled people will be insolvent in two years. The government’s solution? Move money from one bankrupt pot to another.
The Latest Government IT Failure Results in $288 Million of Wasteful Spending By the Social Security Administration
The Social Security Administration wasted $288 million in a failed attempt to make its disability claims process more efficient.
Every week for the past year, The Washington Times has given out a Golden Hammer award for the week’s most wasteful government project. On July 10, the Golden Hammer celebrated its one-year anniversary by compiling all the examples of waste, fraud and abuse over the past year.
The CBO’s new report projects growing deficits and greater risk of fiscal crisis.
An op-ed from the Mercatus Center running in today’s issue of The Hill takes a look at the causes of poverty in the U.S. and how to lift Americans out of poverty.
Today, the Senate will vote on the farm bill (H.R. 2642, “The Agricultural Act of 2014”) after closing debate late on Monday.