Archive for April 17th, 2013

Before you cut the football team, band, honors classes and hot lunches …. consider these places to cut government spending

April 17, 2013

According to an IBD recap …

The Government Accountability Office’s latest annual report on government waste and duplication found 31 areas in the government that overlap, duplicate efforts or are egregiously inefficient.

That’s on top of the 131 found in its previous two annual reports …. the vast majority of which have been totally ignored by Obama’s crack team of budget-cutters.

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Sen. Tom Coburn (R-Okla.), who pushed for this report, figures the latest examples alone add up to $95 billion — more than the spending cuts under this year’s “sequester.”

Here are some of head-scratchers that the GAO found …

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Posted in Gov't Waste & Inefficiency, Gov't Spending | 2 Comments »

Nums: Still, blaming the declining LFPR on seniors retiring …

April 17, 2013

Former Obama economic adviser Austan Goolsbee was back on TV saying that more than 60% of the decline in the labor force participation rate (LFPR)  is simple demographics … old people retiring.

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Last week, I posted a back of the envelop analysis that said  seniors retiring is less than 1/3 of the blame.

Today, let’s do the analysis more rigorously, using a technique that I teach called PVA – Profit Variance Analysis ….

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Posted in BLS, Employment - Jobs, Unemployment | 1 Comment »