by DCG When the “Affordable” Care Act was passed, it expanded tax-payer funded health coverage through Medicaid. States that agreed to participate and expand eligibility would be reimbursed by the federal government at 100% of the costs with those reimbursement costs …
The European Union took the first step on Wednesday toward fining Italy after ruling that Rome’s spending drive violates the bloc’s fiscal rules. In a report on Italy’s debt, the European Commission said that it has rejected the Italian government’s …
by Daniel J. Mitchell via Mises Wire The most disturbing outcome of the recent mid-term election isn’t that Alexandria Ocasio-Cortez will be a Member of Congress. I actually look forward to that because of the humor value. Instead, with the Democrats now controlling the House of …
The U.S. budget deficit will surpass $1 trillion by 2020, two years sooner than previously estimated, as tax cuts and spending increases signed by President Donald Trump do little to boost long-term economic growth, according to the Congressional Budget Office. …
by Ron Paul of Ron Paul Institute The 2018 US intelligence community budget saw its biggest increase in ten years and is now higher than it has ever been. President Trump’s backers often claim that he’s in Washington to fight the deep state, …
I never complain about spending on experience and not things but I’m wondering if we really needed that photographer… via MannyDantyla:
Is Trump the most libertarian President in history? President Trump suggests the ‘5 penny plan,’ cutting a nickel from each federal dollar, would trim the waste from the budget and cut the federal deficit. h/t GodEmperor_2016
https://www.youtube.com/watch?v=-Ln4NcLzI84 Joseph Lawler for the Washington Examiner reports, The federal budget deficit rose to $779 billion for fiscal year 2018, the Treasury Department reported Monday, the largest government shortfall since 2012. Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/po…
From Birch Gold Group In many ways, the current U.S. budget deficit represents uncharted territory. Investopedia defines a budget deficit when “expenses exceed revenue and it is an indicator of financial health.” Referring to the U.S. they added “Accrued government deficits form the …
by Martin Armstrong The Italian Government has gone and adopted the controversial draft budget for the coming financial year. Prime Minister Giuseppe Conte said that the budget plan would keep the government’s promises, and keep the public finances in order. …
by Michael Snyder It didn’t make many national headlines, but the proposed budget for NASA’s “Planetary Defense Coordination Office” was just increased by 90 million dollars. At a time when our national budget is already stretched to the max, this …
via error23_snake: This was made by averaging my past 6 months of income and costs, recorded in an Excel spreadsheet. The gas and electric costs were extrapolated to account for summer/winter variation as I’m on pre-payment meters. Diagram made using sankeymatic.com/. I …
US Spending On Interest Hits All Time High As Budget Deficit Soars To $684 Billion The US’ spending problem is starting to become a major issue. According to the latest Monthly Treasury Statement, in June, the US collected $225BN in tax receipts – …
Via The American Thinker Last week, the House Appropriations Committee passed its 2019 budget for the Department of Homeland Security (DHS), which, if passed, will squash President Trump’s border security plan, force DACA amnesty, and give millions of illegal aliens …
by proBizcus I am in a great mood today and want to try to spread some confidence. I know life can be hard, and finances makes it a lot harder than it has to be. My wife, myself, and our …
State and federal government revenue from commodities and stamp duty is surging, Deloitte says, but trouble is looming via Paul Karp Australian governments are experiencing a surge in revenue that will be undermined by a slowdown in China and a “mini-credit …
by Simon Black Yesterday the Office of Management and Budget released a new report called the “Mid-Session Review” of the US federal budget. It’s something they’re required by law to do– periodically review and update the government’s budget and track the changes. The …
by warrenfgerald Economic growth is not turning out to be as robust as originally estimated so 2019 appears to be primed for a massive federal budget shortfall. This is concerning for several reasons…. 1) We are currently in an economic expansion. …
by Magic2424 I am currently 25, my parents raised me to save save save. Things like not having cable, only ever driving cars that cost >$1000, never eating out, camping vacations (rare). Because of this, my parents saved enough money …
via Mauldin Economics: New Jersey recently surrendered a title it was happy to lose. For the first time in six years, it was not the state that saw the highest percentage of its residents leaving to live somewhere else. The new …
For anyone interested in the airline business: ” Irish budget airline Ryanair Holdings PLC RYA said late Thursday that Chief Executive Michael O’Leary has sold 2 million ordinary shares at 16.49 euros ($19.29) each, equating to EUR33 million. The shares were sold …
by financethrowaway368 Hey guys, my SO and I just finished our bachelors. I was in engineering, and she was in arts. I’m going on to do a PhD, she’s getting certified to be a school teacher (what she always wanted …
The proposal was Sen. Rand Paul’s “Penny Plan” to balance the federal budget by 2023 via one percent annual spending cuts, with only Social Security exempted. Twenty GOP senators voted for it, 29 GOPers voted against, as did all of …
by John Rubino The price of oil is rising, which is obviously good news for those who sell it to the rest of us. Russia in particular seems to be enjoying the current trend, so much so that — if …
Newsbud’s founder and editor Sibel Edmonds and Spiro discuss the closed-door Pentagon budget deal. They also cover interventionism, foreign aid and the sellouts on Capitol Hill who claim they represent the public.
David Stockman appears on “Mornings with Maria” (Fox Business Network, Apr. 25, 2018)
White House budget director Mick Mulvaney on Wednesday said the White House hopes to send Congress a package of new spending cut proposals in the coming weeks, even as Senate Majority Leader Mitch McConnell appears cool on trying to roll back parts of the recent …
by WARREN MOSLER Eine neue wissenschaftliche Wahrheit pflegt sich nicht in der Weise durchzusetzen, daß ihre Gegner überzeugt werden und sich als belehrt erklären, sondern vielmehr dadurch, daß ihre Gegner allmählich aussterben und daß die heranwachsende Generation von vornherein mit der …
by Simon Black Yesterday the US government’s own Congressional Budget Office (CBO) published a pretty sobering report about the state of Uncle Sam’s finances– and what the future holds. According to the CBO, the federal government’s spending habits are in such …
By Michael Snyder I don’t know if I even have the words to express how disgusted I am with the omnibus spending bill that was just rushed through Congress. Members of the House of Representatives were given less than 24 …