Government Spending
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The Economic Cost of Cutting Defense Spending
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Throughout the latter half of the 20th century, the U.S. invested in numerous fighter jet programs to maintain air superiority. Those investments have yielded some of the most advanced aircraft in history, but at what cost? In December 2005, the F-22 Raptor entered service, effectively designating the United States as…
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Should Cities Compete? The Case Against Federal Contracts
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With stagnating wages and declining entrepreneurship across the United States, state and local governments are under increasing pressure to deliver economic good news. Cities are in constant competition, dedicating considerable time and resources to business incentives and vying for federal grants and contracts. Historically, the full extent to which these…
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Expiring Budgets and Spending Sprees: The Cost of Use-it-or-Lose-it Budgeting
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Spikes in spending at the fiscal year-end lead to staggering losses and inefficiencies in government procurement.
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