A satirical short film taking a look at the national debt and how it applies to just one family.
Make Your Own Spending Chart at Federal Spending Charts
The tool allows the user to chart federal outlays 1970-2017 for chosen departments and agencies within departments. All data is OMB converted to 2017$.
How to cut government spending where bureaucrats will WANT to cut!
It is a well known and quite understandable reaction of any bureau to make sure that the current year’s budget has been spent by the end of the fiscal year, even on unnecessary projects, else they lose it. Personal interest should have every employee watching for any possible waste of the taxpayer’s dollars.
A new budgeting policy for each bureau should be established, where any unspent budgeted funds at the end of the fiscal year shall be equally divided up and paid out to all of the employees in that bureau, and, then the lower budget figure, pre-disbursement, would be used for the next fiscal year, with, again, any unspent surplus being distributed to the employees who made the surplus possible.
No money would be saved the first year, but from then on every department would have continuously lowering budgets. Could the cost of running the state be cut in half in three years? I think so. The bottom line would be far more efficient and less costly state services.
(Idea from Wayne Green)
Could a formal bankruptcy proceeding for the State of Illinois be the answer to it’s fiscal crisis? If you think that’s out of the question, as many do, you’re wrong. On the contrary, though Congress isn’t working on it now, the option is quite viable, though subject to obstacles and open issues. The question is certain to gain growing national attention as a number of states sink further into insolvency, so it’s time to get up to speed. I have yet to see a single Illinois politician or reporter raise the question, but plenty of others outside the state are talking about it for Illinois. More on that later.
Read more by Mark Glennon at wirepoints.com