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Social Insecurity: 2. The Growing Social Security Funding Defecit

The Social Security program is going bust. There are four dedicated sources of revenue that fund Social Security: a) payroll taxes, b) a portion of...

Social Insecurity: 1. The Social Security Program

Social Security is the foundation of the country’s retiree income safety net. About 60 million people are now beneficiaries under the program and, for...
Revenue and Expenditures

Incompetence, Gross Mismanagement & Fraud: 4. Problems That Never Go Away

Each year, the Government Accountability Office outlines government programs that represent high levels of fiscal risk and each year the list is pretty much...
Revenue and Expenditures

Incompetence, Gross Mismanagement & Fraud: 3. The Tax Gap

The vast majority of US citizens pay the federal taxes that they legally owe. Most people earn a wage and taxes are withheld from...
Revenue and Expenditures

Incompetence, Gross Mismanagement & Fraud: 2. Improper Payments

An Improper Payment is a payment by the federal government to someone outside the government who shouldn’t receive the payment or who uses the...
Revenue and Expenditures

Incompetence, Gross Mismanagement & Fraud: 1. Federal Government Accounting

Audits form the bedrock of the private sector. Without accurate, factual and independently verified financial information, there would be no bank lending, no trade...

Federal Revenues & Expenditures: Fiscal Year 2017 Summary

The US federal government is the largest single enterprise on the planet. It employs about 2.8 million people, has the largest armed forces on...

Government Structure: 5. The Many Independent Agencies and Government Sponsored Entities of the US...

In addition to the three branches of government, there are a large number of “Independent Agencies” and “Government Sponsored Entities” that play a very...

Government Structure: 4. The US Judicial Branch

The federal court system consists of three levels: District Courts, Circuit Courts and the Supreme Court. There are 94 District Courts that serve as the...

Government Structure: 3. The US Legislative Branch

The US congress consists of the Senate, with 100 members (two from each state) and the House of Representatives, with 435 members. While the...