Inflation is a hot topic now, with comments from Federal Reserve Chair Jerome Powell looking like veiled hints as to when (no longer if) the Fed will get serious about hitting the monetary brakes to slow the economy. Until recently, …
Democrats have inserted numerous provisions and subsidy programs into their $3.5 trillion budget that would benefit green energy companies and speed the transition to renewables. “The whole thing is ridiculous,” Myron Ebell, the director of the Center for Energy and …
by Eric Zuesse Maybe West Virginia U.S. Senator Joe Mansion misspells “Manchin” so as to hide his reality, but according to Wikipedia’s article on him, “The name ‘Manchin’ was derived from the Italian name ‘Mancini’.” Though that information might have been provided by himself, …
On Thursday’s broadcast of CNN’s “OutFront,” House Budget Committee Chairman John Yarmuth (D-KY) said that $3.5 trillion in spending under the reconciliation bill “is pretty inconsequential when you consider all the benefits to the American people,” and “The federal government …
The looming $3.5 trillion Budget Reconciliation bill is expected to come up for a vote this Thursday. In anticipation, the Biden Administration and Congressional Democrats are laying out a full-court press. Some of their talking points are downright funny, like …
by Chris Black After the Senate is done with it, this sucker will hit $5 trillion, mark my words. CNBC: House Democrats passed a $3.5 trillion budget resolution on Tuesday. It clears the way for formal legislation that can pass …
A top House Democrat conceded that his party’s go-it-alone $3.5 trillion budget resolution is essentially a Democratic wish list of social programs and spending. Kentucky Rep. John Yarmuth, chairman of the House Budget Committee, appeared on CNBC Tuesday morning to …
https://www.youtube.com/watch?v=X6gROsZ4fFM Reagan McCarthy from Townhall reports, In the early hours of the morning on Wednesday, Senate Democrats passed their $3.5 trillion budget resolution with no GOP support. The passage sets the stage for a massive spending bill to be brought …
A group of nine moderates is threatening to withhold their votes from Democrats’ $3.5 trillion budget resolution later this month, endangering Speaker Nancy Pelosi’s two-track plan to push both a massive infrastructure bill and social spending agenda through the House …
by: Stefan Gleason The gold market has no shortage of issues following Sunday evening’s “flash crash” that saw prices drop sharply at the open. A mysterious $4 billion sell order – suspiciously placed during the most illiquid time of the …
Particularly notable provisions are as follows: Establishes Universal Pre-K for 3 and 4 year olds and a new child care benefit for working families Makes Community College tuition-free for 2 years Creates the first ever federal Paid Family and Medical …
Illegal migrants let in during the Obama era and long promised amnesty by Democrats have been cleared to work for House members as part of a massive budget approved this week on a party-line vote. Liberal members led by Rep. …
Boris Johnson has seen off a rebellion over his plan to cut overseas aid spending. MPs voted 333 to 298 in backing the reduction from 0.7% of gross national income to 0.5%.
Debate continues in Washington about more multi-trillion-dollar spending plans. But we just got an ugly reminder that the federal spending we’ve already passed is bankrupting the country. The nonpartisan Congressional Budget Office just released its latest projections, and they offer a dire warning …
While a handful of California officials deliberate on how to best divvy up a historic $75 billion budget overflow, gas-powered vehicle owners will be paying more to fill up their tanks. The state’s motor fuel excise tax is set to …
The Oakland City Council approved a budget on June 24 that will redirect $17.4 million from its police department to other programs over the course of two years. The city council voted 7–2 to adopt the plan that would cut …
by LynzBenz It’s just me and my husband. We both work 5 days a week (Mon-Friday). I will admit that I am the spender of the two of us, but the food budget for last month was insane. Usually, I …
The Minneapolis City Council has unanimously approved a $6.4 million increase to the police budget, despite a push by local activists to replace the police with a new public safety department. Minneapolis was roiled by civil unrest in May and …
Saving money has always been challenging! And if there is no direct imperative associated with the purpose, then it’s not just challenging but toughest! No…I’m not delineating the inference rather human behavioural approach over time reveals so! However, if a …
No wonder the Biden administration chose to release their 2022 budget just before a long holiday weekend. It’s a common Washington practice for releasing news that officials hope will go unnoticed. Biden’s defense budget offers little to improve any of …
Genevieve Wood joined Newsmax on May 29, 2021, to discuss Biden’s budget. Genevieve Wood is a leading voice for The Heritage Foundation as a senior advisor and spokesperson. Wood is a founding team member of The Daily Signal, which provides …
by Arkadiusz Sieron, PhD Biden proposes $6 trillion of government spending in the 2022 fiscal year. This continuation of ultra-loose fiscal policy could support gold in the long run. On Friday (May 28), the White House presented the President’s budget for …
https://fred.stlouisfed.org/series/GDP Biden’s budget: 6 trillion https://www.washingtonpost.com/business/2021/05/28/biden-budget-deficits/ h/t BoatyMcBoatface
"Rather than putting the debt on a stable and then downward path, the President’s budget would blow past the prior record and increase debt levels to 117% of GDP by 2031. The national debt is on an unsustainable path and …
WASHINGTON: The 2022 defense budget will see “probably the largest ever request” for research and development to counter China’s increasing military prowess, Defense Secretary Lloyd Austin told the House Appropriation defense subcommittee today. Pumping money into new and emerging technologies has …
by Michael Snyder If you are enjoying the ride on the highway to hyperinflation, then you are going to absolutely love Joe Biden’s new budget. Instead of realizing the mistakes that he has made and reversing course, Biden has decided …
New York lawmakers are closing in on a state budget deal that will likely increase taxes on top earners and big businesses by billions of dollars — a move which would make wealthy New Yorkers fork over the highest taxes …
Budget day has come and gone. Here is how the budget process is supposed to work: First, the president submits his budget proposal by the beginning for February. Then, by April 1, the Senate Budget Committee puts forward a budget …
In my decade forecast, I projected that in the next recession that the deficit would climb to over $2 trillion. Clearly, that demonstrates I am an optimist. Here’s a chart I shared back in January. SOURCE: CONGRESSIONAL BUDGET OFFICE Between reduced …
President Joe Biden released his first budget request to Congress on Friday, asking for big spending increases for domestic spending programs and leftist causes. Biden’s budget requests a 16 percent increase in domestic spending from 2021, including a 41 percent increase for the Department …