Federal Times: Postal Service problems a microcosm of entire government
The news that USPS lost $3.3 billion in the last quarter is only the tip of the iceberg. In fiscal 2011, the agency reported a loss of $5.1 billion; the year before that, it lost $8.6 billion. If the Postal Service were a private business, it would be facing bankruptcy — and in fact, there’s a real possibility USPS will be completely broke within the year.
Top 3: last week’s most popular posts
A quick look at the three most popular posts from last week.
Will the government shutdown in 15 days?
These days, it’s hard to turn anywhere without hearing about the country’s economic troubles – and Congress’s inability to fix them.
POLL: Public Pulse
Pew and The National Journal asked adults how U.S. states should deal with their budget deficits. 43% favored cutting funding on transportation and road maintenance; 27% favored cutting funding on health services; 25% favored cutting spending on public safety; 22% favored cutting K-12 spending; and 39% favored raising taxes. How would you want your state [...]
Take Notice: news on the economy and spending for March 5th
Washington Post: Unemployment rate remains at 9.7 percent: “Economists had expected the snowstorms to have a bigger impact, but job losses were surprisingly mild in February as employers cut 36,000 jobs.” House passes $15B job-creation measure: “After stalling briefly, the Democrats’ jobs agenda regained momentum on Thursday as the House passed one measure designed to [...]
Friday Funnies: 5 jokes about government spending
5) “According to the New York Post, White House budget director Peter Orszag announced his engagement…Of course, people were shocked that the White House has a budget director.” – Jay Leno 4) “President Obama said the federal government can no longer spend taxpayers’ money like it is monopoly money. Especially since monopoly money is now [...]
Defense spending: not free, but is it as expensive as you think?
We’ve gotten a lot of questions about government spending since President Obama’s budget came out on February 1st. One re-occurring question is the following: Haven’t spending on the wars in Afghanistan and Iraq and on homeland security been a major cause of our surging debt? There is no doubt that national security is expensive – [...]
A President's Day to forget? The public is down on government, way down
Former U.S. presidents would not be amused with last week’s public opinion polls, which find intense public dissatisfaction with government. People aren’t happy with either political party and feel like lawmakers in Washington are out of touch with their priorities. A Rasmussen poll found that 60 percent of likely voters don’t think either party understands [...]
5 proposed budget cuts by President Obama
In his fiscal 2011 budget released last week, President Obama targeted 126 programs to be completely shut down or have their budgets cut. While this proposal will only save an estimated $23 billion next year, it’s a start, and we applaud the President for taking this first step. (Actually it’s his second step: in last [...]
GRAPH: Congress passes new debt ceiling. Wait, what?
Yesterday, the House of Representatives voted to increase the debt limit by another 15 percent to $14.4 trillion. The debt limit was enacted in 1939 for the explicit purpose of reigning in government spending. Yet it has been increased nearly 100 times since being implemented and is simply an impotent tool in discouraging borrowing, much [...]

