President Obama's New Voodoo Economics
Defending his budget only moments ago, President Obama says that his plan would bring spending to the levels of Dwight Eisenhower. Here's the exact quote, "Rather than throwing money at programs with no accountability or measured results, we are committed to funding only those things that work. All told, the budget cuts that I've proposed will bring annual domestic spending to it's lowest share of the ecomomy since Dwight Eisenhower."
True, but tricky. In reality, the spending that the president is talking about - domestic discretionary spending - is just 16 percent of the total that the federal government spends every year. It doesn't include entitlement programs like Medicare, Medicaid, or Social Security. Neither does it include defense spending. The truth is spending on those categories of the budget has grown like topsy.
Any real debate over reigning in government spending will have to talk about those programs.
Are Unions Too Powerful?
A little noticed element of Wisconsin Gov. Scott Walker's to reign in the unions - force unions to collect dues themselves rather than have them deducted from employee paychecks.
Why? Public sector unions - bankrolled by millions in union dues - finance campaigns to raise taxes and government spending.
Washington state's ballet issue last year to boost taxes on the wealthy was cast as a battle of the rich: Microsoft founder Bill Gates' dad, William Gates (he was for it) versus the current Microsoft CEO Steve Ballmer (he was against it). But unions gave more than $3 million to promote the tax hike.
That's just one example, see Steve Malanga's editorial in Wall Street Journal for more.
Are unions too powerful? What do you think? Comment and let us know!
Schedule
-
Monday, May 20th, 2013
Guests
-
Dr. Deborah PeelFounder Patient Privacy Rights
-
Greg McBrideBankrate.com Senior Financial Analyst
-
-
Tuesday, May 21st, 2013
Guests
-
Pam DixonExecutive Director, World Privacy Forum
-
Dr. Keith AblowPsychiatrist & Fox News Contributor
-
-
Wednesday, May 22nd, 2013
Guests
-
John UlzheimerSmartcredit.com Consumer Education President
-
Tod MarksConsumer Reports Senior Projects Editor
-
-
Thursday, May 23rd, 2013
Guests
-
Chris WysopalFounder and Chief Technology Officer, Veracode
-
-
Friday, May 24th, 2013
Guests