Commentary The federal government is running annual $1 trillion to $2 trillion budget deficits, which is more than the entire gross domestic product of most nations. But if you believed that Republicans would take a chainsaw to the budget (figuratively) and slash the waste from the federal budget, then to paraphrase the “Oliver Twist” character…
Even Republicans Are All In on Washington’s End-of-Year Spending Spree
Senate Expenses Up 70% Over Past 7 Years, Committee Finds
The Senate’s annual budget has increased steadily over the past six years and is now about 70 percent higher than it was in 2016, senators heard during a budget committee meeting on Dec. 15. “In 2016, when we decided to reform the Senate, that year our Senate expenses were just under $75 million,” said Sen….
Federal Employees Face Renewed Questions from MPs About Governor General’s $1.3M Middle East Trip
Federal employees from various departments today faced questions from MPs on a parliamentary committee about Gov. Gen. Mary Simon’s travel expenses from her trip to the Middle East in March, which totalled $1.3 million and included in-flight catering costs averaging $218 per meal for each attendee. “At no time did the governor general make any decisions,…
Federal Pandemic Program Forgave $809 Million in PPP Loans to White-Shoe Law Firms: Watchdog
December 2, 2022
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FOIAgovernment spendingOpen the BookspandemicPaycheck Protection ProgramPolicies & ImpactsPPP FraudPPP LoanUS
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Federal officials forgave $809 million in Paycheck Protection Program (PPP) loans handed out during the COVID-19 pandemic in 2020 to more than 100 of the nation’s top law firms and another $635 million given to hundreds of elite accounting offices, according to a new analysis of government spending to be made public on Dec. 2….
Federal Payroll Expected to Exceed $55 Billion in 2022: Parliamentary Budget Office
Payroll for federal employees is expected to surpass $55 billion this year, according to a report by the Parliamentary Budget Office (PBO). Published on Nov. 18, the report, titled “Supplementary Estimates (B),” says hiring of public servants has been on the rise in the past seven years. “Government spending on public servant salaries and benefits…
Biden’s Proposed Spending Binge Would Increase Inflationary Pressure
Commentary As if on cue, President Joe Biden asked the lame-duck Congress for yet another $47.7 billion supplemental spending package just as representatives and senators returned to Washington after the midterm elections. Lawmakers should reject Biden’s spending binge. The lame-duck period is when Congress is least accountable, taking place after the American people voted out the Democratic…
Recipients of Pandemic Subsidies Owed a Total of $723 Million in Unpaid Taxes
Government COVID-19 subsidies were paid to more than 56,000 companies that turned out to be insolvent and owed a total of $723 million in unpaid taxes. The Canada Emergency Wage Subsidy (CEWS) began in March 2020 to help small businesses pay employees, with a 75 percent wage subsidy for up to 12 weeks. The entire program…
How Good Is the GDP News?
October 27, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsGDPgovernment spendinginflationOpinionrecessionU.S. economy
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Commentary We would all welcome good economic news. Even better, we would welcome a healthy economy. We have now a headline number that seems fine—an inflation-adjusted increase in Gross Domestic Product annualized at 2.6 percent. But right now, we are nowhere near finding our way back to economic health. The worrying signs are everywhere. The…
The Economic Disaster of the Pandemic Response
October 21, 2022
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COVIDfinancial crisisgovernment spendinginflationlabor participationlockdownsmandatesOpinionPandemic ResponsePublic HealthrecessionU.S. economyViewpoints
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Commentary On April 15, 2020, a full month after the President’s fateful news conference that greenlighted lockdowns to be enacted by the states for “15 Days to Flatten the Curve,” Donald Trump had a revealing White House conversation with Anthony Fauci, the head of the National Institute for Allergy and Infectious Disease who had already…
Creating ArriveCan Cost Just $80K of Total $54M Price Tag, Says CBSA
Creating and launching the ArriveCan app in April 2020 cost the federal government just $80,000, but other factors such as maintenance and operating costs shot total spending up to $54 million, says the Canada Border Services Agency. “The $54M we expect to have spent by March 31, 2023, was not just budgeted and spent on…
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