HHS Granted $3.7 Billion to Help States Set Up Their Own Exchanges

By: Tuesday July 2, 2013 8:35 am

Creating roughly a hundred new health insurance exchanges, one for individuals and one for small businesses in each state, is not cheap. So far the Department of Health and Human Services has rewarded about $3.7 billion in exchange grants to the states according to a new Government Accountability Office report. Most of the money is [...]

The $1.3 Billion Stupidity Penalty We Paid for Having an Unnecessary Debt Ceiling

By: Tuesday July 24, 2012 8:57 am

Given that the United States debt is denominated in US dollars and our government can technically print as many US dollars as it needs, we should never default on our debt. The only way we could truly default would be if Congress, in an incredible act of stupidity, decided to vote to default and overrode [...]

Federal Crop Insurance Wastes a Billion Dollars on Corporate Welfare

By: Thursday April 12, 2012 11:19 am

The Government Accountability Office took a look at the federal government crop insurance program and the result isn’t pretty. We effectively waste $1 billion a year providing corporate welfare to very large agribusiness operations. From the GAO: If a limit of $40,000 had been applied to individual farmers’ crop insurance premium subsidies, as it is [...]

GAO Examines Individual Mandate Alternatives – Well, Some of Them

By: Monday March 28, 2011 2:12 pm

For some reason, the GAO didn’t directly make reference to the most effective alternatives that would do an even better job than the individual mandate at decreasing the number of uninsured–single payer or a basic public plan that would enroll the uninsured by default.

Brandname Drug Prices Soar, Straining Budgets and Credulity

By: Monday March 14, 2011 4:09 pm

Over the passed few years, the price of common brand name prescription drugs have experienced an incredible level of inflation significantly higher than both regular inflation and even medical inflation, according to the Government Accountability Office. Yet, at the same time, the cost of common generic drugs has fallen. Here we have another great reminder [...]

GAO: Treasury Has Failed to Make Needed Improvements to HAMP

By: Wednesday March 2, 2011 4:43 pm

The Home Affordable Modification Program (HAMP) has basically been a disaster since its start, and it remains one to this day. Roughly nine months ago, the Government Accountability Office examined the program, found many problems, and made several recommendations to improve it. Since then, the Treasury department has failed to make most of the needed [...]

GAO: Defense Department Fails to Provide Comprehensive Cost Data

By: Tuesday February 22, 2011 12:22 pm

A new report by the Government Accountability Office found that the Department of Defense doesn’t even project or inform Congress about the potential full costs of different decisions, like theater posture plans for Europe. From GAO (PDF): DOD posture planning guidance does not require EUCOM to include comprehensive cost data in its theater posture plan [...]

GAO: Interior’s Management of Oil and Gas Resources at High Risk for Waste, Fraud, Abuse

By: Wednesday February 16, 2011 11:17 am

The Government Accountability Office is out with its latest report on areas of the government that are at a high risk for waste, fraud, abuse and mismanagement. The newest addition to the list is the Department of Interior’s management of federal oil and gas resources. The problems with the program could be costing taxpayers billions [...]

Pistole Tells a Whopper in Senate Testimony to Cover His AIT Spending Spree

By: Wednesday November 17, 2010 10:24 pm

Sign the Petition: Investigate the TSA, Not John Tyner Help stop TSA’s porno scanners, aggressive groping and abuse of power. TSA chief John Pistole went for the big lie yesterday in his testimony before the Transportation and Commerce Committee: Currently, the most effective technology for detecting small threat items concealed on passengers, such as explosives [...]

$112 Billion Student Loan Industry Bailout a Lesson in Corporate Welfare

By: Thursday March 11, 2010 8:04 am

With little public notice or fanfare, the federal government has been providing financial institutions involved in the student loan business with a bailout projected to be over $100 billion: 2007-2008 2008-2009 2009-2010 TOTAL Loan Purchase Commitment Program $997,945,088 $48,538,600,137 $2,540,422,115 $52,076,967,340.00 Loan Participation Purchase Program $33,359,067,388 $25,565,704,156 $58,924,771,544.00 Asset-Backed Commercial Paper $31,540,088,059 $31,540,088,059.00 This makes [...]

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