government spending

Does Government Have a Revenue or Spending Problem?

Students, get a full week of this at a summer seminar: lrnlbty.co People say the government has a debt problem. Debt is caused by deficits, which is the difference between what the government collects in tax revenue and the amount of government spending. Every time the government runs a deficit, the government debt increases. So what's to blame: too much spending, or too little tax revenue? Economics professor Antony Davies examines the data and concludes that the root cause of the debt is too much government spending.

Government Spending Doesn't Create Jobs

Share this on Facebook: on.fb.me Tweet it: tiny.cc In the debate of job creation and how best to pursue it as a policy goal, one point is forgotten: Government doesn't create jobs. Government only diverts resources from one use to another, which doesn't create new employment. Video produced by Caleb Brown and Austin Bragg.

The Story of Spending

Politicians are engaged in reckless, unaccountable, out-of-control, spending. The Story of Spending tells the true story of government gone wild. TAKE ACTION. HOLD THE PARASITES IN DC ACCOUNTABLE! CommonwealthFoundation.org http ~~~~~~~~~~~ Credit: www.youtube.com

Does Government Spending Create Economic Growth?

If you knew a dollar invested in something would wind up losing more than a dollar, would you consider that a good investment? The government does just that when it starts spending taxpayer and borrowed money. Watch as Professor Antony Davies of Duquesne University explains the unseen costs of government spending and the best way to stimulate the economy: the private sector. "In the best case scenario what we see is still no relationship between government spending and economic growth. In the worst-case scenario, we actually see a negative relationship. That is, as the government spends more money, the economy actually contracts." --Antony Davies Check out www.economicfreedom.org to see the rest of our videos!

UNCOVERED: Federal Government Worker "American Idle"? - Long Version and GSA Awards Ceremony

Learn more at Oversight.House.Gov Video featuring Federal Employees jokes about never being under Inspector General Investigation, Lavish GSA Spending The video clips below are from the US General Services Administration's (GSA) October 2010 Western Region Conference in Las Vegas, NV. It was played on Thursday, October 28, 2010 at the "Capstone Dinner Event." Obama better prepare, when I'm Commissioner. I'd have a road show like [Acting Regional GSA Administrator for Region Jeffrey] Neely, every time you see me rolling on 20s yeah, in my GOV. Spend BA 61 on all fun. ATF can't touch GS-15 guns! Cause I buy everything your field office can't afford. Every GS-5 would get a top hat award. Donate my vacation, love to the nation, I'll never be under OIG investigation.

Government Spending Exposed - Part 1

How much did the US Government spend last year - every month, every day and every second? What does the national debt cost taxpayers every day? www.usgovernmentspending.com

Government Spending and the IS-LM model

How a change in fiscal policy shifts the IS curve

Slideshow: Greece Government Spending

Website: commonsensecapitalism.blogspot.com Facebook www.facebook.com Twitter: twitter.com Background Music by: www.jewelbeat.com

Paul Krugman on The Ed Show proposes more government spending.flv

Paul Krugman tries to make the case that increased government spending is needed and ignores history's lessons on the subject. Go to Mises.org and search for Keynesian predictions vs American History by Tom Woods

When Governments Cut Spending

Students, get a full week of this at a summer seminar: lrnlbty.co Do governments ever cut spending? According to Dr. Stephen Davies, there are historical examples of government spending cuts in Canada, New Zealand, Sweden, and America. In these cases, despite popular belief, the government spending cuts did not cause economic stagnation. In fact, the spending cuts often accelerated economic growth by freeing up resources for the private sector. Watch more videos: lrnlbty.co

It's Government & Consumer Spending, Stupid! Nutty Professor Thinks Private Sector Unnecessary

James Livingston, a history professor at Rutgers University, argues that the private sector is unnecessary to grow the economy. He thinks all we need is more consumer spending and government spending. The Front Page regulars look at this argument (published in The New York Times) that makes the private sector completely superfluous.

25 craziest things the US government spends money on

Government Waste The Economic Collapse Blog You are not going to believe some of the things that the US government is spending money on. According to a shocking new report, US taxpayer money is being spent to study World of Warcraft, to study how Americans find love on the Internet, and to study the behavior of male prostitutes in Vietnam. Not only that, but money from the federal government is also being used to renovate a pizzeria in Iowa and to help a library in Tennessee host video game parties. These are just some of the examples in a new report on government waste from Senator Tom Coburn entitled "Wastebook 2010". Even as tens of millions of American families find themselves suffering through the worst economic downturn in modern history, the US government continues to spend money on some of the craziest and most frivolous things imaginable. Every single year articles are written and news stories are done about the horrific government waste that is taking place and yet every single year it just keeps getting worse. So just what in the world is going on here? It almost seems as though Congress actually enjoys inventing new ways to waste US taxpayer money. It seems nearly inconceivable that anyone could keep a straight face while trying to justify spending money on many of the things in the list below. At a time when the US national debt is closing in on 14 trillion dollars, government waste just seems more out of control than ever. The following are 20 of the ...

Debate: Government Spending Can Play an Important Role in Boosting Economic Growth

The great debate between Keynesians and Austrians enters the digital age with the Mises Academy's first ever online formal debate, between economists Karl Smith (Assistant Professor of Public Economics and Government at the University of North Carolina at Chapel Hill) and Robert P. Murphy (Adjunct Scholar at the Ludwig von Mises Institute). Visit the Mises Academy online at academy.mises.org

California Spending by Day, Hour and Second (Gov Spending Exposed Pt 2)

Government over-spending in California continues unabated despite poor economic conditions. In 2007, state revenue was over $105 billion. In 2012, state revenue will be just $82 billion. California's debt service will increase to $9.2 billion without any new borrowing. This is partly due to the legislature's budget gimmickry back in 2009. The state will have to pay back $1.9 billion dollars it used to "balance" the budget that year.

Chuck Woolery on Budget Cuts

www.SaveUsChuckWoolery.com Game show legend Chuck Woolery discusses his thoughts on how to cut government spending.

Public Choice: Why Politicians Don't Cut Spending

Students, get a full week of this at a summer seminar: lrnlbty.co Why did politicians cut a trivial amount of money in the recent budget agreement? Prof. Ben Powell explains why politicians don't cut spending, as a general rule. Using public choice economics, or the economics of politics, he shows how the political system naturally leads to overspending. Watch more videos: lrnlbty.co

Fiscal Policy - The Government Spending Multiplier

This video will introduce and explain the effect of an expansionary fiscal policy on aggregate demand, specifically an increase in government spending. When government spending increases, household incomes rise and therefore consumption increases, further adding to the expansionary effect on Aggregate Demand. If we know the marginal propensity to consume among a nation's households, we can calculate the size of the spending multiplier, and thereby determine how much of a stimulus would be needed to increase AD by a particular desired amount.

SANTELLI: "STOP SPENDING! STOP SPENDING! STOP SPENDING!" 6-28-2010

"STOP SPENDING" T-SHIRTS @ executees.net This is what happens when the government must continue to borrow and spend to finance the military. Yet another smackdown by the inimitable Rick Santelli of all that is fiat, and its henchmen. "Go read some Austrian economist instead of the funny pages." Santelli tells Liesman, to which the response is "I am ready to talk about Fred Hayek, John Hayek, and Selma Hayek." Followed promptly by the Santelli coup du jour: "Go back to Russia where you understand the state and the citizen."

The Spending is Nuts

powerlineblog.com

Cutting Government Spending: An Interview with Puerto Rico Governor Luis Fortuño

Since coming into power in 2009, Gov. Luis Fortuño (R-Puerto Rico) has cut government spending by 20 percent, lowered taxes and raised the territory's bond status to its highest rating in 35 years -- all during a punishing economic climate. Gov. Fortuño sat down with Reason Magazine Editor in Chief Matt Welch to discuss Puerto Rico's turnaround, federal immigration policy, the drug war, education reform, his support of statehood and a possible future in mainland politics. Interview by Matt Welch. Shot byJim Epstein and Meredith Bragg. Edited by Bragg. Approximately 29 minutes. Visit Reason.tv for HD, iPod and audio versions of this video and subscribe to Reason.tv's Youtube channel to receive automatic notification when new material goes live.

GOP: Government Spending Holding Back Recovery

In the weekly GOP radio and Internet address, House Speaker John Boehner says necessary steps to encourage hiring include spending cuts, blocking tax increases, reducing the bureaucracy and eliminating regulations. (April 2)

Funding Government by the Minute

Students, get a full week of this at a summer seminar: lrnlbty.co At the rate the federal government spends, it runs out of money on July 31. What programs should be cut to balance the budget and fund the government for the remaining five months of the year? Cutting NASA might buy two days; cutting the Navy could buy fifteen. It seems that balancing the budget may require more than just cutting government programs. What should be done?

Ron Paul - Cut the Spending: March 29, 2011

Congressman Ron Paul joins Neil Cavuto to discuss the potential of a government shutdown, his concern for spending, the implications of the current political climate, the consequences of fiscal irresponsibility and hope for reform, and the pending threat of price inflation. Reclaim the Constitution. Restore the Republic. CampaignForLiberty.com

Underwhelming Spending Cuts from Congress and Obama

$2 trillion appears to be the "sweet spot" for spending cuts in order to negotiate a debt limit increase. Rather than cut wasteful and unconstitutional spending, Congress and the President are prepared to trim around the edges to strike a deal. Video produced by Caleb O. Brown and Austin Bragg.

THE VOTE PUMP

Help spread these messages! Go to www.declarationentertainment.com Barack Obama will have ONE BILLION DOLLARS to spend on his re-election in 2012. Bill calls that chump change. Find out how the Big Government statists spent 22000 times that amount on buying votes in 2011 alone!

Broken Promises: Spending

President Obama's budget projects that the deficit for the current year will total $1.33 trillion, the fourth straight year of deficits over $1 trillion. Under President Obama, the nation's total public debt has reached a record $15.6 trillion.

Deficits are Bad, but the Real Problem is Spending

Huge deficits and skyrocketing debt levels are creating considerable worry. This Center for Freedom and Prosperity Foundation video explains that that government borrowing is excessive - and will get worse in coming decades. But this mini-documentary explains that deficits and debt are merely the symptoms, and a rising burden of government spending is the real problem.

Stop the Rhetoric, It's Time to Act

To learn more, visit www.bankruptingamerica.org For years, government spending and the mounting US debt have been central to several State of the Union addresses, but unfortunately, these words have not translated into action. Our latest video takes a look back at what our president's have had to say about our spending and deficit problems and calls for action on our fiscal issues.

UNCOVERED: Federal Government Worker "American Idle"? GSA

Is Austerity to Blame for Europe's Economic Woes?

From Nobel laureate Paul Krugman to the free-market-friendly Economist magazine to former Treasury Secretary Lawrence Summers, all sorts of experts are charging that financial austerity measures are killing the great economies of Europe. "Austerity Is So Wrong!" reads the headline of a Krugman piece at The Daily Beast that argues against cutting government spending during weak economic times. But the critics of austerity have got it all wrong, says Mercatus Center economist and Reason columnist Veronique de Rugy. For starters, many European countries haven't cut spending at all and, among the ones that have, most have made relatively minor trims while also hiking taxes. That's known as "the balanced approach," notes de Rugy, and it almost never works to reduce debt-to-GDP ratios or get economies moving again. Yet critics of cutting government spending in a weak economy ignore academic research showing that significant spending cuts, structural reforms to entitlements, and loosening labor regulations are proven ways to reduce debt loads and get countries moving again. De Rugy talked with Reason's Nick Gillespie about austerity and its discontents - and what the United States could learn from Germany's economic reforms made earlier this century. About 7 minutes long. Produced by Jim Epstein; camera by Epstein and Meredith Bragg. Go to Reason.tv for downloadable versions and subscribe to Reason's YouTube channel to receive automatic notification when new material goes live.

Ron Paul vs. Paul Krugman on Bloomberg TV

Ron Paul - "Governments aren't suppose to run the economy, people are suppose to run the economy." Paul Krugman - "I'm a believer in capitalism." It was Paul versus Paul on inflation, government spending and the role of the FED on Bloomberg TV ealier today.

Debt Deadline: Avert the Default Disaster and Cut Government Spending Now

Alexis Garcia sits with Alison Acosta Fraser of the Heritage Foundation at FreedomFest. Does The fact that we hit the debt limit mean that we automatically default on our debt? Fraser says no. Hear why.

Prime: Vote The High Cost of Austerity with Peter Gourevitch

(Visit www.uctv.tv "The High Cost of Austerity" with Peter Gourevitch, political scientist and founding dean of the School of International Relations and Pacific Studies at UC San Diego. Gourevitch argues that government spending should increase in troubled economic times to boost employment, raise tax revenue and eventually reduce the national debt. Series: "UCTV Prime: Vote" [Public Affairs] [Show ID: 23540] More at www.uctv.tv

Government Spending: The Parable of the Pool

www.pyrolitical.com discusses the economy in simple and easy terms, and what happens when the government applies irresponsible fiscal policy to the economy. Government, though it may paint a rosy picture, can never help to increase the actual level of prosperity in the nation through the redistribution of wealth. It only occurs when the government backs away from intervention, and focuses on the enforcement of contracts. Subscribe to our Video Podcast www.pyrolitical.com

Taxes, Deficits, Government Spending, Corruption -Moyers pt1

Earmarks are expenditures inserted into spending bills, often after they have been reviewed by lawmakers. They often benefit well the connected contributers to candidates' campaigns. Your taxes are diverted to the private interests that return a portion back to the lawmakers as campaign contributions. An indictment of business as usual in Washington. Who is speaking out against this? Ron Paul and John McCain. See part 2 www.youtube.com John McCain on earmarks www.youtube.com www.youtube.com Free Lunch, Corp Welfare, Bill Moyers and David Cay Johnston www.youtube.com Moyers and John C. Bogel, Capitalism and Democracy Pt 1 www.youtube.com See Bill Moyers and Jeremy Scahill on Blackwater: www.youtube.com www.youtube.com www.youtube.com Alfred McCoy, author of "A Question of Torture", details CIA development of torture from Guantanamo to Abu Ghraib, and discusses Bush's use of executive power to implement routine use of torture. www.youtube.com Visit the PBS archives to see the complete show and more of Bill Moyers. www.pbs.org

Tea Partiers protest government spending, mobilize for 2012

Tea Party members rallied across the state of Florida on the federal tax day to protest what they call government over-spending and political games in Washington.

GSA Scandal (In Context)

Via Sam Stein of The Huffington Post: "Potentially problematic and certainly embarrassing video of the General Services Administration's infamous $820000 Las Vegas conference has been obtained by The Huffington Post, showing well-dressed employees singing Frank Sinatra, downing margaritas and making light of lavish spending. Video of the 2010 party, provided by an administration official on Friday, shows GSA employees in colorful tuxedos, putting on magic shows and enjoying mock Vegas-style entertainment -- all in the name of team-building...". * www.huffingtonpost.com Subscribe to The Young Turks: bit.ly Find out how to watch The Young Turks on Current by clicking here: www.current.com The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com

Spending Restraint, Part II: Lessons from Canada, Ireland, Slovakia, and New Zealand

Nations can make remarkable fiscal progress if policy makers simply limit the growth of government spending. This video, which is Part II of a series, uses examples from recent history in Canada, Ireland, Slovakia, and New Zealand to demonstrate how it is possible to achieve rapid improvements in fiscal policy by restraining the burden of government spending. Part I of the series examined how Ronald Reagan and Bill Clinton were successful in controlling government outlays -- particularly the burden of domestic spending programs. www.freedomandprosperity.org

JLF's Fergus Hodgson discusses North Carolina government's record spending level

Fergus Hodgson, John Locke Foundation director of fiscal policy studies, explains that North Carolina state government spending reached a record-high level in the 2011-12 budget year. Hodgson offered these comments during an interview with Donna Martinez for Carolina Journal Radio (CarolinaJournalRadio.com) Program No. 471. Video courtesy of CarolinaJournal.tv.

Obama Budget (Trillions) - Part 2

Explanation of government spending and significance of deficit spending. Demonstrates how big a trillion dollars is in relation to a football field. Shows that we are not doing anything to reduce the deficit of more than $15 trillion dollars

The Debt Bomb -- Rebellious Truths

Duck and cover, stock up on soup, and kiss the lies goodbye...we've dropped the debt bomb. More specifically, David M. Walker, former US Comptroller General (Audits Gov.) and head of the GAO (Government Accountability Office) for 10 years, supports Rebellious Truths (rebellioustruths.org in their nonpartisan assault against misinformation, career politicians and the need for the American Youth to WAKE UP (www.youtube.com about what's really going on with our country. The good news...we're not totally screwed...if we rise up in responsible rebellion. For more information on the sad state of our economic condition and the lack of initiative from our government to tackle our most pressing issues, check out Comeback America Initiative's budget video: www.youtube.com and take Walker's Fiscal IQ quiz at www.FiscalIQ.net Rebellious Truths website rebellioustruths.org Rebellious Truths Facebook: www.facebook.com Twitter Truths Twitter: twitter.com Rebellious Truths YouTube: www.youtube.com Debt as a percentage of our GDP was at 99%. So what does that mean? That means that our debt has grown to the same size, in dollars, as our entire economy. Federal spending equaled about 24% of our total economy in Fiscal Year 2011. That's up from 2% in 1800, and at the current rate we could have government spending account for about 37% of our economy by the year 2040. Just as the financial health of a household is measured by its obligations compared to its income, you can measure the Federal ...

Stop Spending Our Future - The Crisis

Our economy is in crisis, and our government says that bold action is required. So we're diving in head first to get things back on track. But... what are we diving into exactly? Take a closer look at the government response to our current economic crisis with narrator Nick Gillespie of ReasonTV. And please visit stopspendingourfuture.org for more information and to find out what you can do to help! Note Crisis spending numbers are based on the following report: www.bloomberg.com Since the report's release, the Fed has spent hundreds of billions more, driving up total spending to the levels shown in this video. Correction: Bear Stearns was bailed out in March 2008, not September 2008.

The Story of Broke Response

Students, get a full week of this at a summer seminar: lrnlbty.co Prof. Art Carden responds to "The Story of Broke" (bit.ly a recent video by the creators of "The Story of Stuff." In "The Story of Broke," Annie Leonard claims that the government isn't actually broke. Rather, the government just wastes resources on the wrong things like subsidies to the dinosaur economy and war. She claims that the government should change its ways, and instead, subsidize firms that will bring us the future we really want. Art Carden agrees with Leonard that war and subsidies are wasteful, but is skeptical of notion that there is one unified vision for the future. To Carden, everyone has a different vision for the future. Our path to the future, he argues, is determined by the interactions of billions of unique individuals pursuing their own objectives. Additionally, Carden questions Leonard's distinction between bad subsidies and good subsidies. Every subsidy, deemed good or bad, must be allocated through the political process. Lobbyists and special interests exert a large degree of influence on political decisions, and they use this power to direct subsidies in their own favor at everyone else's expense. Carden concludes that government spending won't buy a brighter future. A brighter future will emerge when people are allowed to spend money on things they care about. Put another way, positive change will come from billions of people cooperating freely and voluntarily with one another ...

"Take Two: The President's Proposal to Stimulate the Economy"

The Subcommittee on Regulatory Affairs, Stimulus Oversight, and Government Spending held a hearing, which examined the results of the Administration's economic policies thus far and explored the proposals outlined by President Obama on Thursday, September 8, 2011. Learn more at oversight.house.gov 9-13-11 Oversight Productions

Brother, Can You Spare A Trillion?: Government Gone Wild!

Become a 'fan' on Facebook! Click here www.facebook.com Our country is on the verge of financial Armageddon! Please forward this to everyone you know. This is the second video produced by Blaise Ingoglia. Visit www.governmentgonewild.org for more

Larry Miller Live

Larry Miller quickly briefs the nation on economics and survival strategies for long-term relationships.

DAMN IT PEOPLE DON'T YOU GET IT??? Part 4, Markets, Fiat Crap & Sound Money

Please watch this too. Astounding work! I Highly recommend! www.youtube.com Written By, Ron Paul Many who agree with me on a lot of other issues, do not understand my enthusiasm for gold and sound money or why I spend so much time studying and talking about monetary policy. It's true that I talk about money differently than most, but the fact is sound money offers many benefits. For example -- peace. Can sound money really bring about peace? Actually, it plays a big part in peaceful international relationships. Money based on commodities, rather than paper, is not subject to government manipulation, and is a key component to free and honest trade. History shows that if countries engage in trade with each other, their governments tend to find ways to get along for the same reason you do not kill your customers at your place of business, even if they occasionally annoy you. If someone outright cheats you, however, you may engage in "war" by taking them to court, for example, and the relationship will sour. Governments and central banks with unfettered power to manipulate currency also have the ability to cheat their creditors. One way they do this is to simply create enough currency to pay off debts. This devalues the currency and "cheats" the recipient out of what they are owed. It would not be fair if you watered down your product the way our government waters down its currency, so it is not hard to understand, in these simplified terms, why loose monetary policy ...

Bob Barr on Government Spending

Libertarian Presidential Candidate Bob Barr talks about the proposed spending plans of Senators Barack Obama and John McCain

Mike Shedlock tackles Paul Krugman and the Greenspan Contrarian Indicator (GCI)

Follow us @ twitter.com twitter.com Welcome to Capital Account. So what is this austerity we keep hearing all about. Well, this isn't word of the day, but let's look at a quick definition: noun, plural aus·ter·i·ties. 1. austere quality; severity of manner, life, etc.; sternness. 2. Usually, austerities. ascetic practices: austerities of monastery life. Hmm...sounds pretty awful. I wouldn't want to live in a monastery or live a "stern" lifestyle. But does cutting back on government spending equate to "austerity?" Well, maybe in the short-run for those whose incomes drop as a result, but what about longer term, what does austerity mean? There seems to be this popular notion among mainstream economists that there are periods, like the one we are in today, where the private sector, willy nilly, just stops spending. This is otherwise known as a "crisis in aggregate demand," and the solution, according to people like Paul Krugman, is for the government to step in and spend money. But why is the private sector not spending. Again, mainline economists point to something called "the paradox of thrift," in order to explain away this...well...paradox! They believe that people, responding to negative future expectations about growth, income and security, choose to save an ever greater amount of their ever declining income. By doing what is in their own best interests, as the theory goes, the whole of humanity drives itself and its economy to a grinding halt and back into the stone ...

Judge Napolitano: Why Taxation is Theft, Abortion is Murder, & Gov't is Dangerous

"I'll say this plainly, I've said it before - Taxation is theft. It presumes the government has a higher claim on our property than we do," says Judge Andrew Napolitano, the host of Fox Business' Freedom Watch and the author of the new book, It Is Dangerous to Be Right When the Government Is Wrong: The Case for Personal Freedom. Reason's Nick Gillespie sat down with the outspoken libertarian commentator to discuss topics ranging from abortion (the judge is fiercely pro-life) to Occupy Wall Street (he welcomes the protest against corporatism) to Rep. Ron Paul ("the Barry Goldwater" of our moment) to the role of religion in the quest for freedom. About 25 minutes. Camera by Jim Epstein and Joshua Swain; edited by Swain. Go to reason.tv for downloadable versions and subscribe to Reason.tv's YouTube Channel to receive automatic notifications when new material goes live. For previous Reason interviews with Judge Napolitano and to read his Reason archive, go to http

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