Pentagon Begins the Fight Anew

According to a January 29, 2010 article in the Boston Globe, the fight over the alternate engine is about to start all over again.  According to the Globe: The Pentagon’s budget request for fiscal year 2011, due out Monday, will try yet again to eliminate the alternate engine for the F-35 Joint Strike Fighter, the costly [...]

Happy Data Privacy Day!

That’s right, January 28 is Data Privacy Day.  According to Data Privacy 2010: Data Privacy Day is an annual international celebration to raise awareness and generate discussion about information privacy.  In 2009, both the U.S. Senate and House of Representatives recognized January 28th as National Data Privacy Day. Over the past few years, privacy professionals, corporations, government [...]

SOTU – The Good, the Bad, and the Very Expensive

CAGW President Tom Schatz’s Statement About President Obama’s first State of the Union Address: The cash register started ringing up the trillions as soon as President Obama walked down the aisle.  He had to do something to overcome 10 percent employment and a combined $1.7 trillion deficit for fiscal years 2009 and 2010, and based on his agenda for the past [...]

Obama to Claim the Dog Ate His Homework

President Obama repeatedly said both as a candidate and after inauguration that he would root out wasteful spending in the budget.  One year after taking full control of the reins of government he is preparing his first State Of The Union speech in which he plans to tell America that the dog ate his homework. Spending [...]

2010 Prime Cuts Released

What is Prime Cuts you ask?  It is the document that can help Congress, the President, and the nation move in the right direction to reduce the deficit.  Prime Cuts is a list of 763 spending cut recommendations that could save taxpayers $350 billion in one year and $2.2 trillion over five years.  Yes, we are talking [...]

Chill Out, This “Freeze” Isn’t The Real Deal

Now that President Obama has pushed through major spending bills including the TARP and “stimulus” packages (and let’s not forget the pricey healthcare and cap-and-trade proposals that hang in the balance), he believes it’s time to scale back the spending. Don’t we all feel like dieting after stuffing our faces in a feeding frenzy? In [...]

Deficit to Hit $1.3 Trillion

According to the Congressional Budget Office (CBO): CBO projects, that if current laws and policies remained unchanged, the federal budget would show a deficit of $1.3 trillion for fiscal year 2010. At 9.2 percent of gross domestic product (GDP), that deficit would be slightly smaller than the shortfall of 9.9 percent of GDP ($1.4 trillion) [...]

Oh, the Places You’ll Go! (If You’re a Member of Congress)

Although it is hardly a new phenomenon, members of Congress have recently come under intense scrutiny regarding taxpayer-funded trips (a cynical mind might even label them vacations).  The latest example is the recent Copenhagen Climate Summit.  The trip involved 22 members of Congress, 15 Democrats and seven Republicans.  The most notable attendees were Speaker Nancy [...]

A Pivot or First Step in a Downward Spiral?

Washington Post Columnist Steve Pearlstein’s column today advises the Obama administration to stay calm in the face of Scott Brown’s election and the obvious disarray and panic among Democrats.  While we don’t agree on every segment of his column, he makes some interesting points about Obama’s unexpected pivot yesterday to change the subject and go [...]

Bump in Jobless Claims

There was a surge in first-time unemployment claims in December, according to today’s Associated Press: A Labor Department analyst said much of the increase was due to holiday-season-related administrative backlogs at the state agencies that process the claims.  Still, economists noted that that would mean claims in previous weeks had been artificially low.  Those earlier [...]