By Mike P. Sinn About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006. Before we look at the details, a heartfelt plea from the [...]
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
GOP Candidate Ron Paul has produced a detailed budget containing over $1 trillion in first-year reductions. Mitt Romney, Rick Santorum, and Newt Gingrich have only indicated that they would attempt to repeal Obamacare saving an average of $20 billion a year. Why Do the Candidates’ Budget Plans [...]
In response to recent allegations that Anheuser-Busch has been watering down its beer to boost profits, my lab used gas chromatography with flame ion detection to determine if this was indeed the case. Our analyses suggest with greater than 99% certainty that Budweiser is, and shall remain, the [...]
On Sept. 10, Secretary of Defense Donald Rumsfeld declared war. Not on foreign terrorists, “the adversary’s closer to home. It’s the Pentagon bureaucracy,” he said. He said money wasted by the military poses a serious threat. “In fact, it could be said it’s a matter of life and death,” he [...]
This is the only clear examination of the true costs of the bailouts that I’ve seen. These ideas are so simple, yet so rarely ever expressed in the mainstream media.
This study by the Federal Reserve examines the effects of government intervention and the absence thereof in two similar financial crises which occurred simultaneously in Chile and Mexico. Chile liquidated the insolvent banks and instituted a new regulatory system to prevent future abuses. Mexico [...]
Those defending the huge budget deficit incurred by the massive federal stimulus package often say, “These are extraordinary times. We can’t afford to worry about the national debt now. We’ll be in a better position to deal with that later.” The falsehood of dealing with the government debt like [...]
A multitude of constantly updated world statistics that puts the current state of human existence—on this lonely blue orb—in tidy perspective!