Below The Beltway

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Archive for the 'Government Waste' Category

Well That Didn’t Take Long

by @ Monday, October 27th, 2008. Filed under Credit Crisis, Economics, Government Waste, Politics, Sub-Prime Mortgage Crisis

The vultures have already started claiming their piece of the $ 700 bailout package:
WASHINGTON (AP) - The bailout is now the hottest lobbying game in town.
Insurers, automakers and American subsidiaries of foreign banks all want the Treasury Department to cut them a piece of the largest government rescue in U.S. history.
The betting is that many [...]

Thanks Again, Mr. President

by @ Wednesday, October 15th, 2008. Filed under Bush Administration, Economics, Government, Government Waste, Politics

The federal budget deficit has ended the fiscal year with another record:
WASHINGTON (Bloomberg) — The federal budget deficit rose to $455 billion in the fiscal year that ended Sept. 30 as financial market strains slowed economic growth while spending rose the most since 1990.
By comparison, the deficit a year earlier was $162 billion, while the [...]

Thanks America, From Metro Washington, D.C.

by @ Thursday, October 2nd, 2008. Filed under Government Waste, Virginia, Washington DC

We really appreciate that $ 1.5 billion you just gave us:
The U.S. Senate voted last night to authorize long-sought federal funding for Washington’s cash-strapped and aging Metro system, clearing a major hurdle toward providing $1.5 billion over 10 years to help maintain the nation’s second-busiest rail system.
The Senate passage is the furthest the measure has [...]

Sarah Palin And The Bridge To Nowhere

by @ Monday, September 1st, 2008. Filed under 2008 Election, Government Waste, Politics, Sarah Palin

She was for it before she was against it:
ST.PAUL — In her nationally televised speech accepting the job as John McCain’s running mate, Alaska Gov. Sarah Palin said she “championed reform to end the abuses of earmark spending by Congress” and opposed federal funding for a controversial bridge to a sparsely populated island.
“I told Congress, [...]

Strange Bedfellows To Say The Least

by @ Wednesday, August 20th, 2008. Filed under 2008 Election, Congress, Government Waste, Politics

Ron Paul endorses Alaska Congressman Don Young (R., Bridge To Nowhere):
Former Republican presidential contender Ron Paul has endorsed Don Young in his bid to win an 18th term in the U.S. House of Representatives.
Paul, the 72-year-old congressman from Texas whose maverick presidential bid drew wide support in Alaska, sent out a letter to his supporters [...]

It’s Time To End Political Welfare

by @ Thursday, August 14th, 2008. Filed under 2008 Election, Barack Obama, Bob Barr, Government Waste, John McCain, Politics

Bob Barr is calling for an end to the practice of using taxpayer dollars to fund the Republican and Democratic National Conventions:
Atlanta, GA - “My party has already held its convention without a single taxpayer dollar in its support,” notes Bob Barr, the Libertarian Party presidential nominee. But the Republican and Democratic conventions live on [...]

The End Of Limited Government

by @ Tuesday, June 17th, 2008. Filed under Government Waste, Individual Liberty

Question Of The Day

by @ Saturday, April 19th, 2008. Filed under College Sports, Congress, Government Waste, Politics, Sports

Is it a proper function of Government for the United States Congress to be worrying about the Bowl Championship Series:
WASHINGTON — Forget government corruption or corporate fraud. Three members of Congress want the Justice Department to investigate whether college football’s Bowl Championship Series is an illegal enterprise.
Reps. Neil Abercrombie (D-Hawaii), Lynn Westmoreland (R-Ga.) and Mike [...]

Let’s Call It The “Buy A New Home And Get A Goverment Bribe” Act

by @ Saturday, March 15th, 2008. Filed under Economics, Government Waste, Politics, Real Estate

Georgia Senator Johnny Isakson comes up with a really bad idea:
As a longtime realtor in Cobb County, Sen. Johnny Isakson has seen housing downturns before. “We had recessions in 1968, 1974, 1982, and 1991, by every measurement, this is going to be a deeper and bigger recession in residential housing. It’s a significant event.”
Isakson is [...]

Shame On You Senator Warner and Senator Webb

by @ Friday, March 14th, 2008. Filed under Government Waste, Politics, Virginia Politics

Virginia’s two Senators were among 71 other Senators who voted against a proposal by Senator Jim DeMint that would have placed a one year moratorium, an amendment that even Barack Obama and Hillary Clinton could agree on:
Presidential politics swept onto the floor of the Senate yesterday, as the three contenders took a rare break from [...]

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