Tag: Budget
The Federal Government Is on an Unsustainable Fiscal Path
The Federal Government is on an Unsustainable Fiscal Path
Growing debt is not just a number—it represents a threat to our economy and our ability to meet national needs and priorities. The federal deficit (the amount of money spent vs. the amount collected) increased for the fourth consecutive year. This year—and for the foreseeable future—the annual deficit is expected to top $1 trillion.
Related:
FASAB Statement 56: Understanding New Government Financial Accounting Loopholes
Lawmakers clinch deal for $8.3 billion to combat coronavirus
Congressional negotiators clinched a deal on Wednesday to provide more than $8 billion in funding to combat the coronavirus outbreak.
— Read on thehill.com/policy/healthcare/485932-lawmakers-clinch-deal-for-776-billion-to-combat-coronavirus
White House prepares emergency spending request for coronavirus
U.S. cases of novel coronavirus rose again on Monday, largely connected to passengers who had been aboard the Diamond Princess cruise ship. As of Monday, 53 people in the United States tested positive for novel coronavirus, or COVID-19, as the virus is officially known.
— Read on abcnews.go.com/International/china-postpones-annual-parliament-session-1st-time-decades/story
Watch: Trump trade advisor cornered as CNN’s Poppy Harlow catches him in several lies about the economy
“Kevin Hassett, your good friend, formerly worked with you, said there’s aggressive growth projections in this budget, and when you look at the tax cut impact on all of this, it was a big factor,” said Harlow. “Even he admitted it. Listen to this with me just last week.”
“The military spending is way above what we originally thought, which the president has advocated,” said Hassett in the clip. “And then the tax cuts reduced revenue by more than we thought in the first year.”
— Read on www.rawstory.com/2020/02/peter-navarro-cornered-cnns-poppy-harlow-catches-trump-trade-advisor-in-several-lies/
As DC plans for the 2021 inauguration, the Trump administration still owes the city millions
‘The federal government is sometimes slow, but this is worse than slow,’ D.C. Delegate Eleanor Holmes Norton said.
— Read on www.wusa9.com/article/news/local/dc/dc-is-planning-for-2021-presidential-inauguration-trump-administration-still-owes-city-millions/65-01ef2e14-705f-4cff-861b-415c7dc50986
Why the Hell Did Democrats Just Extend the Patriot Act?
Why the Hell Did Democrats Just Extend the Patriot Act?
— Read on newrepublic.com/amp/article/155793/hell-democrats-just-extend-patriot-act
Ms. Cat’s Chronicles 