federal spending

Making Sense of Agricultural Subsidies

Don't even bother.  From today's local paper:

Piermont -- Fifteen years after starting their dairy farm above the Connecticut River, Lisa Knapton and Hal Covert milk 104 cows every day with the help of one hired hand. Life at Moonstruck Farm has not been easy, but along the way, Knapton and Covert have had some help: The couple received about $360,000 in federal farm subsidies from 1995 through 2006.

Much of it helped offset low milk prices and fund construction of the Piermont farm's environmentally friendly manure pit, boosts for Knapton and Covert as they faced the challenges of Northern New England's dwindling dairy industry. But a substantial portion was money the couple never asked for -- and that Knapton says they didn't deserve.

Like Rock And Roll, Earmarks Are Here To Stay

It's hard not to be impressed with a song, like "Rock and Roll is Here to Stay," which Danny and the Juniors made popular half a century ago,  that is still being sung.

It's also hard not to be impressed by how popular earmarks are in the local area where the money will be spent and how angry voters in those areas are when the money they were hoping would be appropriated isn't provided.

Defense Secretary Gates Doesn't Get The Joke

Maybe he doesn't get the memos from the White House.

 

At the same time the Bush administration is pushing what it says are strong fiscal conservative credentials and insisting that Congress not raise spending above the levels in his fiscal 2008 budget, Defense Secretary Robert Gates yesterday called for more spending to be provided to the State Department and other federal agencies for what the Voice of American called "diplomacy, foreign aid, information and...'soft power.'"

 

For All Those Who Think Blackwater Won't Be Around Much Longer

The evidence continues to mount: Blackwater, that is, the reliance on contractors to do what should be done by the military, is the direct result of the Pentagon’s, or White House’s disastrous federal budget policies.

 

Yet Another Walter Reed

The fires in southern Calfiornia have become the latest in what is now a long line and steady series of Katrinas and Walter Reeds, that is, a federal program that was deliberately underfunded and its effectiveness seriously...and disastrously...undermined.

 

Larry Kudlow Forgets The Basics

For someone who was once the chief economist at OMB under Dave Stockman, Larry Kudlow should know better.

 

His post from earlier this week on nationalreviewonline talks about federal spending perpetuates the myth that it can be cut without consequences. The whole post is here, but the two relevant paragraphs are:

 

Please Let Me Know If You Feel Like Screaming

During the debate today in the Senate Finance Committee on raising the federal debt ceiling, Senator John Kyle (R-AZ) said that most of the blame for the rising debt rested with Congress because it is the one that control spending.

 

Katrina, Walter Reed, Katrina, and Now The Justice Departmenrt

It now seems almost inevitable that, regardless of who is elected president and which politicla party controls Congress, federal spending and borrowing will have to increase substantially in the coming years. My guess is that a 25 percent real increase over current levels -- about $125 billion -- is coming.

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