Acton Institute Powerblog Archives

Post Tagged 'budget'

Finding Morality in the Federal Budget

Budget battles have heated up recently throughout the United States, and President Obama’s budget proposal has not been exempted from the intense discussion. The current proposal by the President pushes our national debt to $15.476 trillion or 102.6 percent of our GDP.  Continue Reading...

What Government Can’t Do

NJ Governor Chris Christie: “Today, we come to terms with the fact that we cannot spend money on everything we want.” Lord Acton: “There are many things the government can’t do – many good purposes it must renounce. Continue Reading...

Cutting Budgets and Taxes

Both of our major political parties have missed what seems so obvious. One says that we need more tax cuts to strengthen the economy. This is correct. The problem is that they are not willing to also make serious budget cuts. Continue Reading...

Negotiating Entitlements

Last night the President spoke of “the challenge of entitlements” and said that “Social Security and Medicare and Medicaid are commitments of conscience — and so it is our duty to keep them permanently sound.” “With enough good sense and good will, you and I can fix Medicare and Medicaid — and save Social Security,” he averred. Continue Reading...

Passing on the Pork

As noted at WorldMagBlog (among many other places), the incoming Democratic majority in Congress is suspending the process of earmarking, at least temporarily. Rep. David Obey, D-Wis., and Sen. Robert Byrd, D-W.Va., the incoming chairmen of the House and Senate Appropriations committees, have pledged that “there will be no congressional earmarks” in the upcoming budget. Continue Reading...

The Fleecing of America

NBC Nightly News has long had a special feature titled, “The Fleecing of America,” which investigates various instances wasteful spending by government officials. To get a visual clue about the massive size and diversity of the federal budget, check out “Death and Taxes”, the 2007 edition, “a representational graph of the federal discretionary budget. Continue Reading...

Super-Size Government

“The political left in America is emerging victorious,” writes Patrick Chisholm, and its true because “the era of big government is far from over. Trends are decidedly in favor of that quintessential leftist goal: massive redistribution of wealth.” Over the past two decades, “Republicans’ capture of both Congress and the White House was, understandably, a demoralizing blow to the left. Continue Reading...