(Washington, D.C.) – Today, Citizens Against Government Waste (CAGW) named Consumer Financial Protection Bureau (CFPB) Director Richard Cordray its July Porker of the Month because of his gross mismanagement of the CFPB’s headquarters renovation budget, which has ballooned by almost 300 percent from a projected initial cost of $55 million to $215.8 million, and for the agency’s inability to produce a single shred of documentation related to the renovation.
The CFPB was created in 2011 as part of the Dodd-Frank Act. One of the agency’s objectives is to “promote financial education,” which is ironic given its failure to control costs. The CFPB has been called “unaccountable and unrestrained,” which is also an apt description of its handling of t...
Are you receiving an 85% Increase in Government Services?
by Dan Lucas, The Oregon Catalyst
Property taxes are very important to Oregon cities, counties and schools. While the state government’s general fund depends largely on income taxes, county and city governments get most of their tax base from property taxes, and school districts and community colleges get large portions of their funding from property taxes.
Measure 5 and Measure 50, which were passed by Oregon voters in the 1990s, served to slow the growth of property tax collections. Measure 5 limited property taxes to 1.5% of assessed value and Measure 50 limited how quickly the assessed value could be raised to 3% a year.
During the 42 years between 1971 and 2013, statewide property ta...
It was so brazen. Right there, over email, Lois Lerner warned her colleagues “Congress has asked for emails… so we need to be cautious about what we say in emails.” Then she asked whether the IRS’s instant messaging application was being archived, and was told that – contrary to law – archiving had been disabled. She responded: “Perfect.”
Specifically, IRS staffer Maria Hooke told Lerner “messages are not set to automatically save as the standard; however the functionality exists within the software.”
I asked the leading force for government transparency in the country, Chris Horner of the Competitive Enterprise Institute, whether it was legal for the IRS to disable the archiving function. “It's unlawful to not enable it...