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Halloween Waste in Alabama
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Press Release

Halloween Waste in Alabama

This Halloween Day, the 60th annual National Peanut Festival gets under way in Dothan, Ala. Did you know that you were a host? After all, you the taxpayers are sponsoring the event. Despite a $374 billion federal deficit for fiscal 2003 — projected to reach $480 billion next year — Rep. Terry Everett, an Alabama Republican born in Dothan, sliced $202,500 from the 2003 Omnibus Appropriations Act for the festival, which this year features a Spam-recipe contest. Is Spam the new pork-barrel politics!?

10/30/2003
Faux Foreign Exchange Signals
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Press Release

Faux Foreign Exchange Signals

©2003 Copley News Service, 10/21/2003 Countries that anchor the value of their currencies to a larger, relatively stable currency, such as the dollar and the euro, are wrongly accused by many world leaders of "manipulating" their currencies. Leaders who pressure countries with fixed exchange rates to allow their currencies to float freely on foreign exchange (Forex) markets aren't considering the inherent limitations of currency markets, and they fail to appreciate the economic havoc floating exchange rates create.

10/21/2003
Trim the Fat
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Press Release

Trim the Fat

With the end of the fiscal year, the Congressional Budget Office concluded that the federal deficit is actually $27 billion lower than was forecast in August, totaling $374 billion for 2003. Unfortunately, the shrinking deficit is not an indication of renewed fiscal restraint by the federal government. In fact, this year’s deficit is more than double the 2002 deficit of $158 billion. The main reasons for the drop in this year’s deficit are corporate revenues that are increasing as the economy strengthens and smaller than forecast outlays on defense and education. Discretionary spending, however, continues to be problematic, and mandatory spending on entitlement programs will skyrocket under a huge Medicare drug benefit currently being negotiated.

10/16/2003
COUNTY COMMISSION OKS$2.57 BILLION SPENDING PLAN TRANSPORTATION AUTHORITY
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COUNTY COMMISSION OKS$2.57 BILLION SPENDING PLAN TRANSPORTATION AUTHORITY

BY Anthony Man

Copyright 2003, South Florida Sun-Sentinel. All Rights Reserved. After hearing complaints about excessive spending from members of a watchdog group, Palm Beach County commissioners voted 4-2 Monday for a $2.57 billion spending plan for the fiscal year that begins next week. Commissioner Tony Masilotti, who voted no two weeks ago and switched to yes Monday, said he was convinced that the spending plan is fairly lean -- and that most of the increase isn't coming from property taxes but from other sources such as impact fees paid by developers.

09/23/2003
GOVERNMENT
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GOVERNMENT

The Palm Beach Post Copyright (c) 2003 Bell & Howell Information and Learning Company. All rights reserved.

09/23/2003
Palm Beach County Commission OKs $2.57 billion spending plan
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Palm Beach County Commission OKs $2.57 billion spending plan

BY Anthony Man

After hearing complaints about excessive spending from members of a watchdog group, Palm Beach County commissioners voted 4-2 Monday for a $2.57 billion spending plan for the fiscal year that begins next week. Commissioner Tony Masilotti, who voted no two weeks ago and switched to yes Monday, said he was convinced that the spending plan is fairly lean -- and that most of the increase isn't coming from property taxes but from other sources such as impact fees paid by developers. The two commissioners with the longest tenure, Karen Marcus and Mary McCarty, voted no.

09/23/2003
COUNTY'S SPENDING CALLED OUT OF CONTROL
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COUNTY'S SPENDING CALLED OUT OF CONTROL

BY NIRVI SHAH

A local tax-watchdog group claims county spending is out of control, outpacing population growth and providing services that are luxuries, not government responsibilities. The county's total budget has grown 65 percent since 1997 - from $1.8 billion to the $3.1 billion budget commissioners are expected to approve Monday. Meanwhile, the county's population has grown about 21 percent, according to the U.S. Census.

09/20/2003
AmeriWaste
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Press Release

AmeriWaste

This week AmeriCorps supporters are rallying in Washington to get taxpayer’s money for the Clinton-created “volunteer” program that pays college students for community service. They are planning 100 hours of non-stop testimony detailing how AmeriCorps “volunteers” are rebuilding communities, assisting the elderly, mentoring children, and rekindling a sense of patriotism—and how none of this good work will happen if they don’t get $100 million more from Congress.

09/03/2003
Hasta La Vista, Buffett
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Press Release

Hasta La Vista, Buffett

©2003 Copley News Service, 8/19/2003 There is a long and tragic tradition that runs through American politics in which politicians spend themselves into a fiscal crisis during good economic times and then raise taxes to bail themselves out when a recession hits and revenues plummet. This is precisely what's going on today in Alabama and California.

08/19/2003
Unsolicited Economic Advice
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Press Release

Unsolicited Economic Advice

©2003 Copley News Service, 8/12/2003

08/12/2003

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