The U.S. economy has averaged 2.2% annual growth in terms of GDP for the last five years, and according to the Commerce Department the economy slowed in the final months of 2014. The latest GDP numbers available are strikingly similar to the GDPs of Afghanistan, El Salvador and Ukraine. If(…)
With an error rate of more than 11%, the U.S. Department of Labor oversaw $5.6 billion in incorrect unemployment benefit handouts last year. The U.S. Department of Agriculture (USDA) also paid out $2.4 billion in improper food stamp benefits. If you believe that there is no such thing as a(…)
The 2016 budget proposal recently introduced by President Obama calls for raising taxes by $1.8 trillion to pay for new spending measures, but does not mention anything about paying down the national debt or reforming entitlement spending. If you think President Obama needs to go back to the drawing board,(…)
The U.S. government handed out over $80 billion in improper payments last year between three government agencies alone. Medicare paid out $59.9 billion improperly, the Earned Income Tax Credit (EITC) section of the IRS tax code made $18 billion in improper payments and $5.6 billion in unemployment benefits were handed(…)
The Temporary Debt Limit Extension Act of 2014 recently expired, meaning all government spending during the time that deal was in place is now eligible to be added to our national debt. The United States’ outstanding national debt is now about $18.1 trillion – twice what the figure was in(…)
A newly-released report from the Office of the Inspector General (OIG) has found that the Social Security Administration (SSA) paid out at least $17 million to 740 dead people last year. Additionally, the OIG believes these figures are “likely understated” due to the method of determining which recipients are still(…)
As the national debt has surpassed the $18 trillion threshold, the US federal government has been exceedingly bad and should anticipate receiving a lump of coal this Christmas. With the holiday season approaching, we have the chance to highlight how wasteful our government is when it comes to using the(…)
