Posts in "Pick an Agency"

Matthew Malkus's picture
By Matthew Malkus at 5:57PM

Pick an Agency, Any Agency: SSA

As fiscal conservatives continue to seek avenues through which to derail the federal gravy train, it helps from time to time to take a look at the mind-numbingly long list of federal departments and agencies that are on board. Of course, this list is hardly exhaustive – just one that is publicly available – but it can certainly give us some concrete ideas on how and where to cut the spending.image

Today: The Social Security Administration (SSA) 

About: “The Social Security Act was signed by FDR on 8/14/35. Taxes were collected for the first time in January 1937 and the first one-time, lump-sum payments were made that same month. Regular ongoing monthly benefits started in January 1940. ”
FY 2010 Budget: $695 billion in benefits + $11.6 billion in administrative costs (Source)

That's right – Social Security. The gift that keeps on giving, if you consider higher taxation, retirement ages, and future entitlements to be a gift. Social Security is the elephant in the room in American politics: everyone knows it's an issue, but no one is willing to cut. Don't you care about the poor and the elderly? We can't just kick them out into the street! Anyone who proposes the end of Social Security must be a heartless monster!


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Matthew Malkus's picture
By Matthew Malkus at 6:30AM

Pick an Agency, Any Agency: BBG

As fiscal conservatives continue to seek avenues through which to derail the federal gravy train, it helps from time to time to take a look at the mind-numbingly long list of federal departments and agencies that are on board. Of course, this list is hardly exhaustive – just one that is publicly available – but it can certainly give us some concrete ideas on how and where to cut the spending.

Today: The Broadcasting Board of Governors (BBG) image

About: “On October 1, 1999, the Broadcasting Board Governors (BBG) became the independent federal agency responsible for all U.S. government and government sponsored, non military, international broadcasting. This was the result of the 1998 Foreign Affairs Reform and Restructuring Act (Public Law 105-277), the single most important legislation affecting U.S. international broadcasting since the early 1950s.”
FY 2010 Budget: $745.5 million (Source)


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