Content about Finance

March 9, 2011

The newest on-line tax tool is Tax Foundation’s County Property Tax Lookup. Anyone can look their county’s median property tax payout for the past 5 years as compared to both state and national median tax payments.

February 26, 2011

The main reason why so many state and local governments are bankrupt, or on the verge of bankruptcy, is the combination of government-run monopolies and government-employee unions. Government-employee unions have vastly more power than do private-sector unions because the entities they work for are typically monopolies.

The main reason why so many state and local governments are bankrupt, or on the verge of bankruptcy, is the combination of government-run monopolies and government-employee unions. Government-employee unions have vastly more power than do private-sector unions because the entities they work for are typically monopolies.

February 26, 2011

The main reason why so many state and local governments are bankrupt, or on the verge of bankruptcy, is the combination of government-run monopolies and government-employee unions. Government-employee unions have vastly more power than do private-sector unions because the entities they work for are typically monopolies.

The main reason why so many state and local governments are bankrupt, or on the verge of bankruptcy, is the combination of government-run monopolies and government-employee unions. Government-employee unions have vastly more power than do private-sector unions because the entities they work for are typically monopolies.

January 17, 2011

Perhaps the biggest media story of 2010 was the influence of Tea Party voters on the congressional landscape. The new congress comes to Capitol Hill with a mandate to end profligate spending and restore fiscal sanity, we are told. But when the House and Senate convene in January, the newly elected members will face tremendous pressure to maintain spending levels for entitlement programs. Even the most modest proposals to trim Social Security or Medicare spending will be met with howls of indignation and threats of voter revolt. Legislators who propose any kind of means testing or increased retirement ages can expect angry visits from senior citizen lobbyists ready to fund a candidate back home who supports the status quo.

October 25, 2010

Thank you for the invitation to comment on subject memo, “Better Buying Power: Mandate for Restoring Affordability and Productivity in Defense Spending.”  Except for a less-than-ambitious 2-3% expectation for reducing funding for unneeded or low priority overhead (read fraud, waste, abuse, corruption) in the way the Pentagon does business, I couldn’t agree more with your latest initiative to “support our forces at war on an urgent basis” and advance Secretary Gate’s mandate to be “respectful of the American taxpayer at a time of economic and fiscal distress.”  Right or wrong, the U.S. has committed its citizens to finance an expensive interventionist foreign policy which cannot be sustained without (1) bankrupting the U.S. economy or (2) drastically reducing wasteful, unneeded, and at times corrupt defense spending.  

The Honorable Ashton B. Carter
Under Secretary of Defense for Acquisition, Technology and Logistics3010 Defense PentagonWashington, DC 20301-3010

 

September 24, 2010

Subject: Your Memorandum for Acquisition Professionals, dated 28 June 2010

Dear Under Secretary Carter,

May 23, 2010

The latest economic trends report by the Federal Reserve Bank of St. Louis reveals why City of Xenia officials think they need more of taxpayer's scarce financial resources. In 2009, the report shows a 3 percent increase in GDP, which means total revenue produces by all our work as a nation. That figure reminds me of pre-industrial era economic growth when governments and citizens lived within their means most of the time.

The latest economic trends report by the Federal Reserve Bank of St. Louis reveals why City of Xenia officials think they need more of taxpayer's scarce financial resources. In 2009, the report shows a 3 percent increase in GDP, which means total revenue produces by all our work as a nation. That figure reminds me of pre-industrial era economic growth when governments and citizens lived within their means most of the time.

May 16, 2010

A new state revenue report by the Tax Foundation came our yesterday. The report entitled “State Revenue Changes from 2008 to 2009” reveals Ohio tax revenues declined 8.7 percent the period assessed. Ohio ranked 28 which amounted to 2/10 of a percent below the national average of 8.9 percent.

A new state revenue report by the Tax Foundation came our yesterday. The report entitled “State Revenue Changes from 2008 to 2009” reveals Ohio tax revenues declined 8.7 percent the period assessed. Ohio ranked 28 which amounted to 2/10 of a percent below the national average of 8.9 percent.