One of my favorite, and most frequent commenters, Robinson, asked a question this week. How does the “fair tax” hold up against modern taxes? What are the problems and benefits? That’s a small question with a big answer. First, let’s figure out how to judge a tax and then next week, I’ll discuss how the . . . → Read More: What is a Good Tax?
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Let’s pretend for a moment that you’re a bank. You make money by loaning people money and them paying you back with interest. So what stops you from loaning money to whomever wants it? The risk is that the person won’t be able to pay you back. Let’s say though, that some guy comes into . . . → Read More: Direct Loans vs. Guaranteed Loans Our government collected fewer taxes in FY2009 than it did in FY2000 – this can be said without adjusting for inflation. In 2000, the government took in 1.54 trillion dollars in on-budget taxes, but only took in 1.53 trillion in 2009. This is despite spending twice as much money in 2009 than in 2000. Tax . . . → Read More: How the 2009 Federal Budget Could Have Been Balanced. 
This is a commission that was created in 1998 that was supposed to do for Alaska, what the Appalachian Regional commission Denali is supposed to do for Alaska. Here’s a description of the commission’s history and goals: the Denali Commission is an independent federal agency designed to provide critical utilities, infrastructure, and economic support throughout Alaska. With . . . → Read More: What is the Denali Commission ? As the yearly budget deficit has grown radically during the recession, so has the total debt that the United States has accumulated in it’s 234+ years of existence. So how much does the United States owe? Well… there’s really 2 answers to that. If you want the numbers, here they are. The total US federal . . . → Read More: What is the US Debt? The Appalachian Regional Commission is a partnership between the federal government and 13 states with territory that exists in Appalachia. It is a slowly dieing entity that spent 68 million dollars in 2009. Here’s a little history of how the program started in 1965, courtesy of wikipedia: Beginning in about 1960, the Council of Appalachian . . . → Read More: What is the Appalachian Regional Commission? The American Conservative Magazine has bravely stood up for the rights of deadbeat dads. In a somewhat nonsensical blog called , “Child care’s debtors prison”, it starts by asking the question, “How many real “Deadbeat Dads” are there?”. Strangely, The article never does anything to try and answer the question. So why do I care, . . . → Read More: Standing up for deadbeat dads As I discussed last week, the $600 million that congress wasted on additional Border Security was paid for entirely by raising visa fees on companies(primarily India-based) whose main purpose is importing cheap labor using H1-b and L-1 visas. India is not taking this lying down. They are claiming that it violates our WTO treaties. India’s . . . → Read More: India Claims New Law Violates WTO Agreements What if I told you that there was a government agency(let’s call it Agency ‘S’) that is tasked to do everything that another agency(let’s call it Agency ‘H’) does? Also, Anything that Agency H does must also be done by Agency S, and almost everything done by Agency S must also be done by Agency . . . → Read More: A Redundant Federal Agency is wasting $871 million/year. I’d like to invite all of my readers to ask any question that you have about the U.S. budget. If you ask something I know I will answer it in a blog post right away. If I don’t know, I will answer in a blog post as soon as I can find the answer. So . . . → Read More: Answering Your Questions |
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