Keyword: budget
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"Zero-Based Budgeting." Sure seems like what's going on. Justify every dollar spent. Use most often when a new owner takes over a failing company. A bit to see Carter mentioned as he certainly expanded the federal bloat (added Department of Education, for example.) Here's what ZBB is: Zero-Based Budgeting: Definition In the zero-based budgeting (ZBB) approach, all organizational activities are initially set to zero. ZBB is the newest approach to budgetary planning and control. The approach was successfully developed and implemented in the 1970s by Peter A. Phyrr. It was further popularized in 1979 when President Jimmy Carter of the...
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It has become increasingly obvious that DOGE is Gorbachev’s glasnost (openness) reprised. Glasnost soon led to perestroika (reform) and the Soviet Union croaked. DOGE will play a key role in dismantling the Deep State. We’ve lost count of how many decades former congressman Ron Paul has called for auditing the bankers’ plaything, the Federal Reserve System and its 400+ PhD economists. Or more recently, when senators Sanders and Grassley teamed to demand a Pentagon audit. Not only will DOGE audit the Fed and get to the bottom of the Pentagon’s missing trillions, but the entire federal leviathan is undergoing a...
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BREAKING: In a stunning moment, Senator Schumer and Hakeem Jeffries just announced they are introducing legislation to prevent unlawful meddling in the Treasury Department's payment systems and protect Americans across the country. This is huge.
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OKLAHOMA CITY — In his annual State of the State address, Governor Kevin Stitt announced the creation of the Division of Government Efficiency (DOGE-OK). The new division follows President Donald Trump's move to create a federal Department of Government Efficiency and was created by Stitt's Executive Order. The division's goal is to eliminate wasteful government spending, improve efficiency and ensure taxpayer dollars are being used effectively, Stitt said. The division will be within the Office of Management and Enterprise Services (OMES). “Today, I’m launching DOGE-OK to keep the focus on flat budgets and limiting government,” Governor Stitt said. “Our top...
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The GOP’s ambitious plan to quickly advance President Trump’s legislative agenda is hitting an early speed bump, with Speaker Mike Johnson (R-La.) being forced to punt an initial vote on the legislation. Johnson and House GOP leaders repeatedly said that they wanted to start the legislative process on the measure encompassing much of Trump’s agenda by advancing a budget resolution out of committee this week. But a source told The Hill on Monday that the vote will not take place this week amid jockeying among Republicans over how deep the spending cuts should ultimately be. * * *
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The new federal Department of Government Efficiency (DOGE) announced Friday that taxpayers will see just over a $1 billion savings through the elimination of 104 diversity, equity and inclusion-related (DEI) contracts. As of Wednesday, DOGE had recorded the cancellation of 85 "DEIA" contracts from 25 federal agencies. By Friday afternoon, that number had grown to 104 contracts totaling $1,000,060,792, according to a DOGE news release. Of note, 21 Department of the Treasury contracts were canceled, saving a total of $25,247,783. In second place was the Department of Health & Human Services, which canceled 15 contracts worth $28,187,448. While the Office...
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The Trump’s administration’s Office of Management and Budget released a memo Wednesday rescinding a controversial order that froze a wide swath of federal financial assistance, which had paralyzed many federal programs and caused a huge uproar on Capitol Hill. The decision came amid strong behind-the-scenes pushback from Republican lawmakers on Capitol Hill, according to a GOP senator who was apprised of the decision to reverse the policy order. The reversal was signed by Matthew Vaeth, the acting director of the White House budget office. One GOP senator expressed relief over the decision. “Chaos is never good,” the lawmaker said.
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Nothing but the headline at the moment...
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Rep. Chip Roy (R-Texas) confirmed he was not in attendance at the Florida retreat for House Republicans while taking a shot at those who were present. “It is being reported I am not at the so-called Republican retreat in Florida. I am not,” Roy wrote in a Tuesday statement on X. * * *
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One week in, the Trump administration is broadening its assault on the functions of government and shifting control of the federal purse strings further away from members of Congress. President Donald Trump’s budget office Monday ordered a total freeze on “all federal financial assistance” that could be targeted under his previous executive orders pausing funding for a wide range of priorities — from domestic infrastructure and energy projects to diversity-related programs and foreign aid. In a two-page memo obtained by POLITICO, the Office of Management and Budget announced all federal agencies would be forced to suspend payments — with the...
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In a sweeping move that halts billions in spending, President Trump’s administration has frozen the Department of Energy's (DOE) activities pending a comprehensive review of its alignment with his priorities. According to a memo from acting Energy Secretary Ingrid Kolb, the freeze affects grants, loans, procurement, studies, and even personnel decisions, effectively bringing the agency’s $50 billion budget to a standstill. Beyond bureaucratic tinkering, the halt is a direct shot at dismantling Biden-era climate policies. The DOE’s Loan Programs Office, holding $41.2 billion in conditional commitments to energy technology companies, now finds its purse strings tightly cinched… …The order mirrors...
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Gov. Kathy Hochul will unveil her most costly budget proposal ever Tuesday, with the $252 billion plan set to continue jacking up spending to fund new handouts. Hochul’s executive proposal is $19 billion, or 8.3%, larger than last year’s proposal and $36 billion, or 16% higher, than her first plan in 2022. The 2024-25 state budget is expected to cost $240 billion as of the end of the third quarter of last year. New handouts and tax cuts paired with continued boosts in school aid and Medicaid are driving the ballooning budget. “The big two would be Medicaid and school...
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Argentina has recorded its first budget surplus barely a year into Javier Milei’s presidency for the first time in 14 years. . “Today’s fiscal result must be understood as a landmark in our history,” Economy Minister Luis Caputo posted on X. “There is no more deficit in Argentina.” ... According to the economy ministry, the country’s budget surplus for the entire year was 1.76 trillion pesos, or 0.3% of GDP. Meanwhile, there was a 10.41 trillion peso surplus, or 1.8% of GDP, in the primary fiscal balance, which does not include debt payments. “Zero deficit is a reality,” Milei said...
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The Congressional Budget Office (CBO) projected Friday that the federal budget deficit would hit $1.9 trillion in fiscal 2025. The nonpartisan budget scorekeeper estimated that federal spending would total $7 trillion during the fiscal year, amounting to 23.3 percent of the country’s gross domestic product (GDP). That figure is estimated to reach 24.4 percent in 2035, as spending in areas like Social Security, Medicare and net interest costs is expected to grow. At the same time, revenues are projected to hit $5.2 trillion this year, reaching 17.1 percent of the nation’s GDP. The figure is estimated to rise 1.1 percent...
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Los Angeles Mayor Karen Bass claims that her $17.5 million cut to the LA Fire Department budget did not impact the department’s ability to prevent or fight fires. But the LA Fire Chief told CNN that “the $17 million budget cut… did absolutely negatively impact” the Department’s ability to respond to the fires...
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The three-month fiscal year 2025 deficit rose to $710.9 billion, some $200 billion more than the comparable period in the prior year, or 39.4%...Rising financing costs along with continued spending growth and declining tax receipts have combined to send deficits spiraling and have pushed the national debt past the $36 trillion mark.
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California Democrats have authorized $50 million in state funding as part of an overall drive to protect residents from what lawmakers believe to be “inhumane” threats posed by President-elect Trump’s forthcoming administration. State Sen. Budget Committee Chair Scott Wiener (D) announced on Monday that he would amend legislation to provide $25 million to support legal aid services for California residents at risk of deportation. The bill is the result of a special legislative session that began last month, amid Gov. Gavin Newsom’s (D) efforts to “Trump-proof” the Golden State from potential federal interference. Wiener’s Monday announcement, made on behalf of...
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Los Angeles Mayor Karen Bass (D) reportedly awarded government workers with major wage increases before making cuts to the city’s fire department budget. “Mayor Karen Bass’s budget cuts to the city’s fire department, enacted just months ago amid warnings about the city’s deteriorating finances, stand out as a striking example of misplaced priorities,” The City Journal reported on Friday: The cuts stemmed from a budget crisis triggered by her administration’s decision to reward city employees with rich contracts and benefits—even as it dismissed worries that the reductions would hurt services. “Predictions that city services will be impossible to deliver,” deputy...
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California fire prevention took a hit the year before the fires, but the Newsom administration claims it boosted overall funding since assuming office in 2019 ... A review of last year's California state budget shows California Gov. Gavin Newsom cut funding for wildfire and forest resilience by more than $100 million. The budget, signed in June and covering the 2024-25 fiscal year, eliminated $101 million from seven "wildfire and forest resilience" programs ... The California fires, responsible for destroying more than 10,000 buildings in the Los Angeles area, are still not contained.
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During an interview with CBS News aired on Thursday’s “CBS Evening News,” LAFD Chief Kristin Crowley stated that the cuts to the department’s budget resulted in the department taking from “nonessential duties and responsibilities” but due to the cuts, “we were limited to a certain factor,” in their ability to respond to large-scale events, but with the wind with the recent fires being the way it was, “I honestly don’t think a thousand engines at that very moment could have tapped this fire down.” Host Norah O’Donnell asked, [relevant exchange begins around 11:05] “[A] lot of people are talking about...
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