Keyword: spending

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  • Clinton, Bush GAO director: Federal government is 'too big'

    03/29/2017 2:06:32 PM PDT · by Oldeconomybuyer · 7 replies
    Washington Examiner ^ | March 29, 2017 | By Eddie Scarry
    The former comptroller general for Presidents Bill Clinton and George W. Bush said Wednesday that the nation's huge national debt is a sign that the U.S. has strayed far from the original reasons the country was founded. "From a broader perspective, the United States has strayed from many of the key principles and values that it was founded on and which made us great," former Comptroller General David Walker told a Senate Homeland Security and Governmental Affairs subcommittee in prepared remarks. "The federal government has also grown too big, promised too much, and needs to enact a variety of reforms...
  • Do tax cuts pay for themselves?

    03/22/2017 12:19:35 PM PDT · by Sean_Anthony · 27 replies
    Canada Free Press ^ | 03/22/17 | David Hogberg
    Cutting taxes isn't enough -- spending must be reduced Many Republicans still believe that tax cuts will unleash so much new economic activity that the tax revenue from that new activity will pretty much make up for any revenue foregone by cutting taxes. Columnist Megan McArdle notes that the GOP has been down this road before, most notably in the 1980s:
  • Here's what happened this week that guaranteed Trump's re-election and GOP gains in 2018 and 2020

    03/19/2017 8:19:42 PM PDT · by SeekAndFind · 24 replies
    Washington Examiner ^ | 03/19/2017 | Grover Norquist
    Remember the date of March 13, 2017. It was the day President Trump was guaranteed his re-election and Republican congressional gains in 2018 and 2020. It's not complicated. Follow along. The Congressional Budget Office released its study of Trump and Paul Ryan's plan to repeal Obamacare and begin to reform our healthcare system. It had many numbers. Only two mattered: taxes and spending. CBO announced that the repeal bill reduces taxes by almost $900 billion and reduces federal spending by $1.2 trillion over the next decade. This reduces deficit spending by $300 billion over the next 10 years. Thus the...
  • Pelosi: Trump budget a 'slap in the face'

    03/16/2017 10:01:43 AM PDT · by Zakeet · 75 replies
    The Hill ^ | March 16, 2017 | Mike Lillis
    House Minority Leader Nancy Pelosi (D-Calif.) hammered the Trump administration's new budget proposal on Thursday, framing the president's federal spending blueprint as an immoral demolition of government that's doomed in Congress. "I don't see how this budget can survive the light of day," Pelosi said during a press briefing in the Capitol. "This budget is really a slap in the face of the future." [Snip] "This is systemic deconstruction of the federal government." [Snip] "As low as my expectations have been, this budget really goes beyond," she said. "While it may be a statement of President Trump's values, I hope...
  • Trump to order government-wide review of wasteful spending

    03/13/2017 10:28:50 AM PDT · by kevcol · 15 replies
    The Washington Examiner ^ | March 13, 2017 | Gabby Morrongiello
    President Trump will issue a new memorandum on Monday that requires every executive agency to conduct an internal review of how their funding is being abused and what changes they can pursue to operate more efficiently. . . . Some federal officials have said they fear the president's budget will lead to massive layoffs at the State Department and Environmental Protection Agency, among other departments.
  • Rendell: Trump's $1T infrastructure proposal isn't enough

    03/12/2017 3:12:50 PM PDT · by 2ndDivisionVet · 24 replies
    The Hill ^ | March 12, 2017 | Mallory Shelbourne
    Former Pennsylvania Gov. Ed Rendell (D) says President Trump deserves credit for wanting to invest in infrastructure, but argues the president's call for $1 trillion in spending isn't enough to improve America’s roads, airports and bridges. “Give Donald Trump some credit. He wants to do a very broad and very ambitious infrastructure revitalization program,” Rendell said in an interview with John Catsimatidis broadcast Sunday on 970 AM in New York. “The question is, can Democrats get together and shape that infrastructure program in a way that will work, and will there be sufficient federal investment?” Rendell said the $1 trillion...
  • Vanity: What to do when your nation is drowning in debt and about to go under for good

    03/11/2017 1:06:10 PM PST · by Jim Robinson · 68 replies
    March 11, 2017 | Jim Robinson
    Our big spending national government—whether Republican, Democrat or whatever—ran up a national debt approaching ten trillion dollars during the 220 and some odd years prior to Obama taking office. During Obama’s 8 year term, our big spending government nearly doubled that debt. No one’s fault (cough, cough), but we and our posterity are now staring at an unbelievable, unmanageable, unsustainable, unpayable mountain of twenty trillion dollars in accumulated debt with no let up in sight! In fact they want to continue the wholesale printing and spending of money we don’t have and they’re planning on raising the debt ceiling to...
  • The Dark Cloud over the Trump Presidency: Uncontrolled Spending

    03/10/2017 10:30:07 AM PST · by SeekAndFind · 38 replies
    American Thinker ^ | 03/10/2017 | Steve McCann
    There is an old French adage that applies to the Republicans in Congress and perhaps the Trump Administration: “Plus ca change, plus c’est la meme chose” (“The more things change, the more they stay the same”).   The appetite for ever greater government spending appears to be no different than in previous years.  This uncontrolled addiction, unless reined, in will cast a dark cloud over entire term of the Trump presidency. Rather than an outright repeal, the hierarchy of the Congressional leadership has just given birth to an amended version of Obamacare that does not eliminate subsidies but recasts them...
  • Brown to highlight country’s infrastructure projects in Cincinnati

    03/07/2017 7:43:31 AM PST · by Tolerance Sucks Rocks · 4 replies
    The Hamilton Journal-News ^ | Feburary 13, 2017 | Michael Pitman and Ed Richter
    CINCINNATI - U.S. Sen. Sherrod Brown, D-Ohio, will highlight in downtown Cincinnati this morning key infrastruture projects, such as the Brent Spence Bridge, as he outlines a framework to rebuild and repair the country’s infrastructure which will create millions of construction jobs. The northern Ohio Senator will be joined by Cincinnati Mayor John Cranley, Port of Greater Cincinnati Development Authority President and CEO Laura Brunner, and OKI Regional Council of Governments Deputy Executive DirectorRobert Koehler. President Donald Trump previously promised $1 trillion of investment in American infrastructure during his campaign. Brown joined Senate colleagues to release a roadmap for making...
  • Trump Seeks "Historic" $54 Billion Increase To Defense Spending

    02/27/2017 8:34:46 AM PST · by Enlightened1 · 14 replies
    Zero Hedge ^ | 02/27/17 | Tyler Durden
    To offset the defense spending increase, the White House is seeking corresponding cuts of $54 billion in non-defense categories, including "large spending cuts" to foreign aid, the EPA, the State Department and safety programs. The official also added that most agencies would see funding reductions. “Most federal agencies will see a reduction as a result," the official said, with cuts falling most heavily on “lower priority” programs as well as foreign aid. When asked where the extra $54 billion will be spent, the official said “predominantly it will go to the Pentagon,” but declined to name specific offices.
  • Californians Rally for Single-Payer Health Care System

    02/24/2017 7:57:20 PM PST · by Tolerance Sucks Rocks · 44 replies
    MRC TV ^ | February 23, 2017 | Eric Scheiner
    KTXL reports that a rally was held in Sacramento, California Wednesday by proponents of a bill that would create a one payer health care system. Participants included health care unions and patients. Dr. Paul Song told KTXL, “If we make the system more efficient by having one payer, we can save billions of billions of dollars a year. Plus, we don’t really need to put any more money in - the money is there.” Bill co-author Senator Toni Atkins of San Diego says Californians shouldn’t have Washington dictate how healthcare is provided to its citizens. She tells KTXL, now that Californians...
  • Lowest Performing Schools Get the Most Money

    02/20/2017 5:32:01 AM PST · by MichCapCon · 11 replies
    Michigan Capitol Confidential ^ | 2/17/2017 | Ben DeGrow
    In some circles, the myth persists that more money automatically translates into better education results. At a recent legislative hearing to explore changes to the state’s failing-schools law, one education official made a claim that collapses under a brief examination. According to MIRS News, Sen. Hoon-Yung Hopgood, D-Taylor, posed a question to a panel of witnesses about the relationship between funding and performance. But if the implication of his question was failing schools need more money before they can be fixed, the evidence is against him. The recently released final evaluation of the U.S. Department of Education’s $7 billion School...
  • Brownback Asks Trump To Save Some Kansas Highway Projects

    02/19/2017 11:10:43 PM PST · by Tolerance Sucks Rocks · 27 replies
    KCUR 89.3 ^ | January 26, 2017 | Jim McLean & Sam Zeff
    Kansas Republican Gov. Sam Brownback is hoping the federal government can rescue several critical infrastructure projects that the state can no longer afford.The Brownback administration recently sent what amounts to a wish list to President Donald Trump for inclusion in his planned infrastructure initiative. It includes the following $240 million in highway and bridge projects delayed or abandoned because of the state’s ongoing budget problems: $50 million to replace a section of the Lewis and Clark Viaduct that carries Interstate 70 across the Kansas River between Kansas and Missouri.$91 million to build an I-235 interchange in Wichita.$45 million to reconstruct...
  • Audit finds huge cost overruns at Wisconsin DOT, some road project costs triple

    02/19/2017 9:58:17 PM PST · by Tolerance Sucks Rocks · 17 replies
    FOX 6 Now ^ | January 26, 2017 | Theo Keith
    <p>MADISON -- A new audit shows huge cost overruns at the Wisconsin Department of Transportation, with dozens of projects costing double or triple their original estimates.</p> <p>The Legislative Audit Bureau report finds that estimated costs for 19 major projects completed between 2006 and 2016 were $1.5 billion, double the initial projection. The audit also finds that the estimated costs of 16 ongoing major highway projects have increased by $3.1 billion.</p>
  • United States: The Plan For The Future Of American Infrastructure

    02/17/2017 4:55:24 AM PST · by Tolerance Sucks Rocks · 2 replies
    Mondaq ^ | February 13, 2017 | Richard P. Puttré, Eric W. Sedlak, Kevin J. McIntyre, Isel M. Perez and James F. Channing
    A Look Into the Opaque Crystal Ball for Infrastructure Initiatives in the First 100 Days of the Trump Administration President Donald J. Trump's "America's Infrastructure First" plan is one of the Trump Administration's priorities during his first 100 days in office. Throughout the campaign, President Trump heralded his plan to build and restore highways, tunnels, airports, bridges, and water systems across America and promised a $1 trillion investment in the infrastructure sector over a 10-year period. Leaders from both parties acknowledge the nation's deteriorating infrastructure, and there have been expressions of support from both sides of the aisle for some...
  • Trump and Congress can jumpstart improvements to interstate highways in Southern California

    02/15/2017 7:38:04 AM PST · by Tolerance Sucks Rocks · 27 replies
    The Orange County Register ^ | February 5, 2017 | Robert Poole
    President Trump has promised to eliminate regulations and rebuild the nation’s aging infrastructure. Federal agencies are awash with regulations and provisions based on the presumption that government is, and should be, the sole provider of infrastructure. But now that we understand the merits of public-private partnerships, which can provide more accountable public-purpose infrastructure, these numerous regulations and provisions serve as major obstacles preventing the improvement of highways and other infrastructure. Back in 1995, Reason Foundation published a policy study itemizing a number of these regulatory barriers. Sadly, most of them still exist today. If a state or municipal facility has...
  • With money tight, Texas budget writers eyeing billions approved by voters for roads

    02/13/2017 10:16:49 PM PST · by Tolerance Sucks Rocks · 11 replies
    The Texas Tribune ^ | February 13, 2017 | Jim Malewitz and Brandon Formby
    More than a year after Texas voters approved routing billions in state sales taxes to roads and bridges, some lawmakers are questioning whether the first payment of $5 billion should move forward as planned. Texans voted in 2015 to boost funding for state’s public roadways and bridges, which have strained under the state’s growing population. Proposition 7 — loudly cheered by top Texas leaders and supported by 83 percent of voters — changed the state constitution to route some taxes collected on car sales to the State Highway Fund. But in an unusually tightfisted legislative session, some Texas lawmakers are...
  • Trump advisers’ tax credit plan for infrastructure has risks

    02/13/2017 10:01:44 PM PST · by Tolerance Sucks Rocks · 3 replies
    Business in Savannah ^ | February 7, 2017 | The Associated Press
    WASHINGTON — President Donald Trump has promised to revitalize America’s aging roads, bridges, railways and airports, but a plan put forward by his economic advisers relies on a transportation financing scheme that hasn’t been tried before and comes with significant risks. The plan was set out just before the election by billionaire leveraged buy-out specialist Wilbur Ross, Trump’s pick for commerce secretary, and conservative economics professor Peter Navarro, whom Trump has tapped to head his National Trade Council. They recommended the government allocate $137 billion in tax credits for private investors who underwrite infrastructure projects. Ross and Navarro estimate that...
  • Brownback’s plan to sweep more highway money faces pushback

    02/06/2017 8:07:57 AM PST · by Tolerance Sucks Rocks · 2 replies
    The Wichita Eagle ^ | January 14, 2017 | Dion Lefler and Bryan Lowry
    Larry Hauth has a farm in Coffey County and a daughter in Wichita. Good roads are kind of important to him. So he’s disturbed by the ongoing and accelerating trend of the state taking money out of the highway fund to balance the rest of its budget. “One of the things Kansas has going for it, compared to our surrounding states, is our road system,” Hauth said. “When they built them in years past, they were thinking ahead. I don’t think we’re thinking ahead right now. We’re trying to tread water, at best.” Gov. Sam Brownback wants to take nearly...
  • Voters Support Trump’s Proposed Spending, Staffing Cuts

    01/28/2017 11:08:21 AM PST · by detective · 7 replies
    Rassmussen Reports ^ | January 25, 2017
    Most voters support President Trump’s plan for major spending and staffing cuts in the federal government, but many still worry he won’t shrink the government enough. A new Rasmussen Reports national telephone and online survey finds that 54% of Likely U.S. Voters favor a proposal that would cut spending up to 10% and cut staffing up to 20% in some federal government agencies. Twenty-seven percent (27%) oppose such cuts, while 19% are undecided. (To see survey question wording, click here.)
  • Will Republicans Tank Trump's Spending Cuts?

    01/24/2017 2:53:40 AM PST · by IBD editorial writer · 44 replies
    Investor's Business Daily ^ | 1/23/2017 | Staff
    Fiscal Policy: President Trump hasn't released a detailed budget plan yet, but already some Republicans are signaling their disinterest in making deep cuts to federal spending. The biggest obstacle to the conservative parts of Trump's agenda could be his own party. Trump hasn't been shy about wanting to see big changes in federal spending. Shortly before taking the oath of office, news came out that he is aiming for 10% spending cuts and a 20% cut in federal staffing. On his first full day in the White House, he announced a halt to hiring federal workers and a freeze on...
  • US sent $221 million to Palestinians in Obama's last hours

    01/23/2017 2:10:29 PM PST · by Olog-hai · 32 replies
    Associated Press ^ | Jan 23, 2017 4:41 PM EST | Matthew Lee and Richard Lardner
    Officials say the Obama administration in its waning hours defied Republican opposition and quietly released $221 million to the Palestinian Authority that GOP members of Congress had been blocking. A State Department official and several congressional aides said the outgoing administration formally notified Congress it would spend the money Friday morning. The official said former Secretary of State John Kerry had informed some lawmakers of the move shortly before he left the State Department for the last time Thursday. The aides said written notification dated Jan. 20 was sent to Congress just hours before Donald Trump took the oath of...
  • Trump Targets 3 Agencies With Ambitious Budget Cuts

    01/23/2017 8:33:45 AM PST · by Perseverando · 79 replies
    The Daily Signal ^ | January 23, 2017 | Thomas Pippen
    President Donald Trump’s reported plan to gut federal spending by $10.5 trillion over the next decade includes eliminating three of iconic agencies defended as cultural mainstays by many Democrats. The next administration is working on plans to eliminate the National Endowment for the Arts, the National Endowment for the Humanities, and privatize the Corporation for Public Broadcasting, The Hill reported Thursday. Combined, the three departments cost around $741 million in 2016, and is a small part of a host of budget reforms needed to cut more than a trillion a year from the federal budget. Eliminating funding to the Corporation...
  • Unsustainable model: Economist says 'balanced budget' adage doesn't work

    01/22/2017 7:13:32 PM PST · by Tolerance Sucks Rocks · 39 replies
    The Montana Standard ^ | January 22, 2017 | Tom Lutey
    BILLINGS -- As bipartisan crowd-pleasers go, few get Montanans nodding more approvingly than calls for a balanced federal budget, which is why U.S. Sen. Steve Daines recently offered a bill forcing his peers to go unpaid unless they reign in spending. “As I travel around Montana, as I did in December wrapping up a 56-county tour, when I talk about this bill, it’s a bill that will literally bring applause from across the state,” Daines told The Gazette. The state of Montana balances its budget. The federal government should do the same, or so goes the narrative that literally every...
  • Governor's grab of cash for roads risks fight in legislature

    01/17/2017 11:14:15 PM PST · by Tolerance Sucks Rocks · 27 replies
    The San Francisco Chronicle ^ | January 17, 2017 | Bob Christie, Associated Press
    PHOENIX (AP) — Arizona Gov. Doug Ducey's decision to again take for other uses state gas tax money intended to help cities and counties build and repair roads is getting a cold reception from some in the Legislature. The Republican governor's budget proposal for the year starting July 1 eliminates $86.5 million in highway spending in the current year, a decision likely to spur a fight with lawmakers from both parties who have been seeking a permanent stop to shifts of cash for road work to other uses. Legislation that would bar the practice and require gas tax money only...
  • I-66 tolls a good idea for Northern Virginia

    01/05/2017 8:00:41 AM PST · by Tolerance Sucks Rocks · 18 replies
    The Fairfax County Times ^ | December 19, 2016 | Patrick Rhode
    Dear Editor, As states and municipalities around the nation struggle to find ways to afford much-needed improvements to aging and congested roadways, the Commonwealth of Virginia has established itself as an innovative leader when it comes to carefully prioritizing the state’s transportation investments and wisely leveraging private sector resources to ensure the best deal for state taxpayers. The I-66 Outside the Beltway project exemplifies this leadership, and Cintra, together with its partner Meridiam, is proud to be part of the team selected by the Commonwealth to finance, design, build, operate and maintain this more than $3 billion transformative project at...
  • Aubrey Layne: Trump's infrastructure plan is no magic bullet

    01/05/2017 7:16:37 AM PST · by Tolerance Sucks Rocks · 9 replies
    The Virginian-Pilot ^ | December 30, 2016 | Aubrey Lane
    PRESIDENT-ELECT Donald Trump has proposed a $1 trillion plan to fix America’s infrastructure. It relies on public-private partnerships as its primary source of financing. Our country’s complex transportation network needs an overhaul, but private investment is not the answer, mainly because of the returns that investors expect. Public-private partnerships can be an excellent procurement tool, but selecting the right project is key. Virginia has been a national leader in such deals since the General Assembly passed the Public Private Partnership Act in 1995. The law was designed for the partnerships to be used as an option for certain projects if...
  • Williams: Lets see what happens next (I-73 funding)

    12/28/2016 1:10:08 PM PST · by Tolerance Sucks Rocks · 5 replies
    The Martinsville Bulletin ^ | December 26, 2016 | Ben R. Williams
    On Tuesday, the Henry County Board of Supervisors voted 5-1 to renew the county’s contract with Alcalde and Fay LLC, which advocates for Interstate 73 on the state and federal level on the county’s behalf. Often when there is a split vote, it is tempting to pick a side. In this case, however, I agree with both sides. There are strong arguments for renewing the contract, and there are strong arguments against renewing the contract, but ultimately, the board made the appropriate call. The lone dissenting vote came from Collinsville District Supervisor Joe Bryant, who argued that he didn’t believe...
  • After Election Season, Economic Liberty Please

    12/15/2016 8:30:21 AM PST · by MichCapCon
    Capitol Confidential ^ | 12/12/2016 | Michael LaFaive
    The economic well-being of the people in a state is encouraged or hindered by the laws and policies that their legislature and governor enact. Each election brings a new set of officials who have a chance to reset the ways that government affects the economy. Given that, it’s prudent to remind the officials who will take office in January what policies have been shown by history to promote economic liberty and in turn, prosperity. One valuable measure of economic liberty is produced by the Canada-based Fraser Institute and titled “Economic Freedom of North America.” This report ranks American and Mexican...
  • The final bill for the two campaigns might change the way presidential politics works

    12/11/2016 1:23:31 PM PST · by Kaslin · 28 replies
    Hot Air.com ^ | December 11, 2016 | JAZZ SHAW
    Long before the 2016 presidential election “officially” got in gear it had become a known rule inside the beltway that this was going to be expensive. It would be essentially impossible, according to the experts, to mount a realistic presidential campaign without a minimum of one billion dollars. Some estimates ran higher, with top fundraisers telling The Hill in January of 2015 that the total bill for the two parties would likely go as high as five billion and Hillary Clinton would attract close to two billion. And then Trump happened. The New York Post takes a look at where...
  • CBO backs off plan to tax cars by the mile

    12/11/2016 7:20:24 AM PST · by kevcol · 40 replies
    The Washington Examiner ^ | December 9, 2016 | Pete Kasperowicz
    The Congressional Budget Office this week backed away from the idea of taxing cars based on how far they drive in order to boost federal highway taxes, after initially saying the idea is one that could be explored. . . . The Obama administration and others have floated the idea of imposing a tax on vehicle miles traveled tax, or a VMT tax, which would charge people based on how far they drive. And in 2011, CBO put out a report that said this was a "practical" option in light of new technology that makes it easier to track cars...
  • Trump's pledge to boost infrastructure could aid mid-Hudson

    12/08/2016 12:56:52 PM PST · by Tolerance Sucks Rocks · 17 replies
    The Middletown Times Herald-Record ^ | November 21, 2016 | James Nani
    County leaders are hopeful that the $1 trillion infrastructure investment promised by Republican president-elect Donald Trump will have a big impact on the region. Trump has promised to prioritize infrastructure spending in his first 100 days in office. The move is one that Democrats, now in minority positions in both houses of Congress, have said they're willing to support. The plan, which is not yet fully fleshed out, looks to rely heavily on billions of dollars of infrastructure tax credits to private entities. And while Federal Reserve Board Chair Janet Yellen warned recently that weighing down the national debt with...
  • Gov’t Spends $27 Billion Annually On Global Warming — How Much Will Trump Cut?

    12/03/2016 9:52:21 AM PST · by PROCON · 54 replies
    dailycaller.com ^ | Dec. 2, 2016 | Andrew Follett
    President-elect Donald Trump said he’s looking to cut back federal global warming programs, which he claims are hurting U.S. competitiveness. He’s got a lot of work ahead of him: Federal agencies plan to spend $27 billion on global warming-related programs next year. The White House reported to House Republicans that 18 federal agencies combined spent about $22 billion on global warming activities in 2013, but defined global warming much more narrowly than the agencies themselves. Federal agencies want to spend $12 billion on global warming programs in 2017, according to Salon, but the left-wing news site only factored in six...
  • How much did Trump spend?

    12/03/2016 6:44:25 AM PST · by Former MSM Viewer · 21 replies
    Clinton spent multiple times what President-Elect Trump spent. Any figures out there? How about Jeb?
  • Republicans Should Say ‘No’ to Trump’s Infrastructure Boondoggle

    11/30/2016 8:38:38 AM PST · by SeekAndFind · 65 replies
    National Review ^ | 11/30/2016 | Michael Tanner
    Stephen Moore, a Trump economic advisor and a man I know and respect, recently told congressional Republicans that, since Donald Trump won the election, it is their duty to deliver on his agenda — even if his policies are bad ideas. Umm, no. Bad ideas are bad ideas, even when voters choose them. Otherwise, we all should have gone along with every bad idea that President Obama proposed over the last eight years. Moore was talking, in particular, about Trump’s plan to spend $1 trillion or more on infrastructure projects. But, like many of Trump’s ideas, the infrastructure proposal is...
  • Larson’s tunnels: Big plan, even bigger challenge

    11/27/2016 8:28:10 PM PST · by Tolerance Sucks Rocks · 51 replies
    The Connecticut Mirror ^ | November 15, 2016 | Tom Condon
    Not everyone is thrilled with U.S. Rep. John Larson’s proposal to build massive highway tunnels under Hartford, but Daniel Burnham might be, were he still with us. It was Burnham, the great Chicago architect and planner, who said, “Make no little plans. They have no magic to stir men’s blood and probably will not themselves be realized.”Larson’s is anything but a little plan; it is breathtaking in scope. It has stirred the blood of some public officials and business leaders. But the concept is so vast, complex and potentially expensive – it would be longer than Boston’s “Big Dig” tunnels...
  • Note To Trump: Cut Useless, Unauthorized Spending And Here's The Place To Start

    11/25/2016 10:41:20 AM PST · by reaganaut1 · 40 replies
    Forbes ^ | November 25, 2016 | George Leef
    Let’s take Donald Trump at his word that he means to “drain the swamp” in Washington, D.C. One aspect of that swamp is the way federal agencies spend money on public relations and outright propaganda. The erosion of budgetary constraints over time has led to a situation wherein federal agencies (many of which have scant constitutional authorization in the first place) get piles of money to spend as the officials choose. No one should be surprised to find that they like to hire public relations specialists or contract with outside firms for material that makes them look good and their...
  • Can You Spot a Trend in New Jersey’s 10 Credit Rating Downgrades Under Christie?

    11/22/2016 7:45:36 AM PST · by ChessExpert · 6 replies
    Reason ^ | November 22nd, 2016 | Eric Boehm
    Christie says he doesn't pay attention to credit ratings, but maybe he should have. They've been trying to tell him (and other states) something. Since Gov. Chris Christie took office in 2010, New Jersey has seen its credit downgraded 10 times by the "big three" credit rating agencies. Seriously, though, the state's pension systems are a total mess. When Christie came into office in 2010, New Jersey was facing a $54 billion funding shortfall to pay for current and future retirees. He immediately set about tackling the problem—to his credit—and in 2011 the state passed a pension fund rescue plan...
  • Donald Trump's infrastructure plan wouldn't actually fix America's infrastructure problems

    11/21/2016 9:00:54 PM PST · by Tolerance Sucks Rocks · 25 replies
    Vox ^ | November 18, 2016 | Brad Plumer
    Donald Trump loves the idea of infrastructure. He brings it up all the time. He wants to make an infrastructure bill a priority in his first 100 days as president. And Democrats like Nancy Pelosi and Chuck Schumer have said they’d love to work with him on this."We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals," Trump promised cheering supporters on election night. "We're going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it."The...
  • Shrinking the Budget May Not Be As Easy As Trump Thinks

    11/21/2016 5:06:08 AM PST · by expat_panama · 89 replies
    Real Clear Markets ^ | November 21, 2016 | Jeffrey Dorfman
    For believers in small government, there is a ray of hope on the horizon. We have a (nominally) Republican president-elect who loves to point out how he is not beholden to the usual special interests and Republican majorities in both the House and Senate. If federal spending is ever going to be reined in, now would appear to be the time. Federal spending for the 2016 fiscal year ran about $3.95 trillion, a record high. Without any spending cuts, federal spending is projected at $4.15 trillion for the current fiscal year which started on October 1 and runs through September...
  • What China’s ‘Highway Robbery’-Style Toll Roads Say About its Economy

    11/20/2016 11:02:14 PM PST · by Tolerance Sucks Rocks · 19 replies
    Epoch Times ^ | October 30, 2016 | Cai Shenkun
    Why is China’s huge toll road system running massive losses despite billions of income from toll fees? It’s another strategy devised by the communist regime to siphon wealth from the public, says Cai Shenkun, a well-known Chinese economist and blogger.The Chinese state operates the largest toll road system in the world. Toll roads across the country collect more than 400 billion yuan (US$60 billion) each year. But strangely, this profitable monopoly industry reports huge losses year after year. According to recently released data by China’s Ministry of Transportation, revenue from toll roads was 409.78 billion yuan in 2015 while operating...
  • Who’s Going to Pay for Trump’s Huge Infrastructure Plans?

    11/20/2016 10:02:22 PM PST · by Tolerance Sucks Rocks · 81 replies
    The Fiscal Times ^ | November 14, 2016 | Mark Joffe
    A rare point of agreement between President-Elect Trump and Congressional Democrats is that America has an infrastructure deficit: The nation’s transportation, power, water and sewerage facilities are too often outdated and unable to reliably serve a growing population. But while the diagnosis crosses party lines, solutions are more controversial. Democrats may not be too worried about the recent increase in federal deficits, but Republicans who have made an issue of the national debt will be reluctant to produce more red ink. Likewise, tax increases to pay for new federal construction spending are off the table under Trump and a Republican-controlled...
  • Trump promises big on highway funding, could open door to more tolls and privatization

    11/19/2016 11:54:49 PM PST · by Tolerance Sucks Rocks · 33 replies
    Overdrive ^ | November 14, 2016 | James Jaillet
    President-elect Donald Trump said throughout his campaign for the White House that he wants major investments in U.S. infrastructure, calling for $1 trillion on infrastructure projects during his presidency.He reiterated the point in his victory speech last Wednesday. “We’re going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals,” Mr. Trump said. “We’re going to rebuild our infrastructure, which will become, by the way, second to none.”However, major infrastructure bills are challenging pieces of legislation to pass, especially since Congress changed little in the election, says Todd Spencer, executive vice president of the Owner-Operator Independent...
  • Liberal Math: Millions More Equals a 'Billion Dollar Cut'

    11/18/2016 8:46:12 AM PST · by MichCapCon · 4 replies
    Michigan Capitol Confidential ^ | 11/15/2016 | Tom Gantert
    The far left nonprofit Progress Michigan is on the road with a “MI Big Rig Tour” of seven Michigan cities. Progress Michigan states, “The tour is an effort to educate voters about how Michigan Republicans have rigged the economy in favor of their corporate donors and against working families, seniors and students.” During its Grand Rapids stop, the group posted this on Twitter: “GOP cut higher ed by $1B to cut taxes on corporations. Funding has never been fully restored.” ForTheRecord says: Progress Michigan’s claim to “educate voters” on education funding gets an "F." According to the Michigan Senate Fiscal...
  • Three Ways Trump, GOP May Cut Social Security, Medicare

    11/17/2016 8:34:20 AM PST · by MadIsh32 · 50 replies
    Forbes ^ | November 16th | John Wasik
    “We’re not going to hurt the people who have been paying into Social Security their whole life,” Trump declared, calling the payment of promised benefits “honoring a deal.” But the man heading the Trump transition team’s Social Security effort? Michael Korbey, a former lobbyist who has spent much of his career advocating for cutting and privatizing the program, according to Yahoo News. “It’s a failed system, broken and bankrupt,” Korbey said as a lobbyist in the mid 1990s. Korbey acknowledged that some of the reforms his group backed would hurt retirees, but “our constituents aren’t just senior citizens,” he told...
  • Federal Spending Reduction Ideas for Pres. Trump

    11/16/2016 3:51:59 AM PST · by expat_panama · 65 replies
    Cato ^ | November 10, 2016 3:18PM | Chris Edwards
    President-elect Donald Trump said on the campaign trail that he will balance the federal budget and cut wasteful spending. Here are some of Trump’s views on budget reforms: “We are going to ask every department head in government to provide a list of wasteful spending projects that we can eliminate in my first 100 days.” Source.“We can also stop funding programs that are not authorized in law. Congress spent $320 billion last year on 256 expired laws … Removing just 5 percent of that will reduce spending by almost $200 billion over a ten-year period.” Source.“I may cut Department of...
  • You'd Be In Big Trouble If You Spent Like Uncle Sam

    11/15/2016 7:26:09 AM PST · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 11/10/2016 | Tom Gantert
    It’s hard for taxpayers to fathom that our federal government will spend $3,318,636,000,000 in the current fiscal year, or as it is often expressed, $3.3 trillion. So some analysts found a way to put the level of deficit spending in perspective by converting current budget numbers provided by the federal Office of Management and Budget into the same scale as a household budget. The income and spending were scaled down to something middle class Americans could better grasp. And the overspending was “put on the credit card.” Income, revenue and overspending were all in the same proportion to each other...
  • Most Americans Don’t Know About President Obama’s UniParty Slush Fund…

    11/12/2016 4:15:15 PM PST · by HarleyLady27 · 35 replies
    The Conservative Tree House ^ | Nov 12, 2016 | Sundance
    New Word: “Trumpenstroke“. – The act of eliminating dictatorial fiat with the counter stroke of a President Trump pen. It is actually easier to write about the simplicity of eliminating almost all of President Obama’s accomplishments specifically because of the way Team Obama went about constructing them, dictatorial fiat.
  • President-elect promises new jobs and infrastructure spending

    11/11/2016 8:06:56 PM PST · by 2ndDivisionVet · 35 replies
    KIRO-TV ^ | November 11, 2016 | Graham Johnson
    Soon after becoming president-elect, Donald Trump talked about fixing our highways and bridges. "We are going to rebuild our infrastructure, which will become, by the way, second to none, and we will put millions of people to work as we rebuild it," Mr. Trump said Wednesday morning. The transition website says the Trump administration will invest $550 billion for roads, tunnels, airports and railways but offers no detail. A recent paper by Trump campaign advisers suggests private companies would spend a trillion dollars on public infrastructure in exchange for federal tax credits. At an event marking the passage of the...
  • Toll Lanes Could Get Driverless Trucks On Highways Faster

    11/06/2016 10:56:10 AM PST · by Tolerance Sucks Rocks · 23 replies
    Forbes ^ | October 18, 2016 | Jason Kuehn and Bill Rennicke
    Prematurely accelerating the implementation of fully autonomous trucking (no driver in the cab) seems like an idea that could be fraught with risk. While driverless long-haul trucks have the potential to increase economic productivity by enabling more cost-effective transport of goods, the technology is not yet ready for prime time. There is growing pressure, however, to make it a reality sooner rather than later – particularly as long-distance trucking faces a worsening driver shortage. At the same time, highway infrastructure in many parts of the country is clearly inadequate even for today’s traffic, let alone a mixed bag of driven...