Author Archives: Dennis Sevakis

Is there anyone out there who can confirm or disprove the accuracy of the following video clip from a “Dr. William B. Mount“? Anyone know of any other sources for this information? If this clip is even partially true, it’s … Continue reading →

This morning’s Wall Street Journal opinion page headlines the following: Toying with Default The President isn’t serious about real spending cuts. Barack Obama was in full-scold mode Friday night, summoning Congressional leaders to the White House to “explain to me … Continue reading →

That implies, of course, a negative deficit, as one might say in gov’ment speak. For most people it makes no sense to borrow more money to pay back money and then not pay it back. But that’s what countries all … Continue reading →

No, I’m not Neil Simon and this isn’t coming to you from Biloxi. Africa-hot though it be. All sane persons, that doesn’t include mad dogs and Englishmen, are either in the shade or in the water. In a way, working … Continue reading →

Spend a little time perusing federal budget details and you’ll easily find much to prune chop out. One item I find especially interesting is the increase in the budget for the Capitol Police since 9/11. In 2001 that totaled $120m. … Continue reading →

And how much does it actually take in? These questions are not quite as easy to answer as one might assume. After all, “income” minus “outgo” equals “surplus/(deficit)”, right? “Eh!! Wrong answer, Hans”, as Bruce Willis quipped once-upon-a-time. And when … Continue reading →

New and improved spreadsheets now posted. * * * Upon further study and additional time spent improving my budget erudition, I’ve discovered that the “expenditure” spreadsheet referenced below is seriously in error. It greatly understates the level of federal spending. … Continue reading →