Keyword: deficit
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@Acyn Boebert: I am so tired of spending money elsewhere. I am tired of the industrial war complex getting all of our hard earned tax dollars. I have folks in Colorado who can't afford to live. We need America first policies right now.
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WASHINGTON, March 18 (Reuters) - The Pentagon has asked the White House to approve a more than $200 billion request to the U.S. Congress to fund the war in Iran, the Washington Post reported on Wednesday, citing a senior administration official.
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WASHINGTON, March 18 (Reuters) - The Pentagon has asked the White House to approve a more than $200 billion request to the U.S. Congress to fund the war in Iran, the Washington Post reported on Wednesday, citing a senior administration official.
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In just the first five months of the new fiscal year, the federal government has already spent more than $3 trillion – more than it spent in all of 2009 – $1 trillion of which it had to borrow. And what is all this money going toward? The federal government was told 15 years ago to take a full, annual inventory of everything it does. It’s never been able to get that done. “Each year, the federal government spends trillions of dollars on federal programs that support the American people and address policy goals,” notes the Government Accountability Office in...
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https://x.com/jayblackisfunny/status/2031479216647094640Jay Black@jayblackisfunny5hPete Hegseth spent $100,000 on a piano, $2 million on Alaskan King Crab, $7 million on lobster tail, $15 million on steak, $120,000 on ice cream machines, and $12,000 on fruit basket stands… JUST IN SEPTEMBER! (But, tell me again how Somali day care centers are the problem.)@amuse@amuse36m@grok did Pete by a $100K piano? $2M on crabs? $15M on steaks? $120K on ice cream? And $12K on fruit? All in September?Grok@grok35mNo, Secretary Hegseth didn't personally buy these. Per OpenTheBooks analysis of DoD data, these were Pentagon-wide contracts in Sept 2025 (end of fiscal year "use-it-or-lose-it" spending spike to $93B...
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U.S. Sen. Cory Booker (D-N.J.) announced legislation on Monday to eliminate federal income taxes on the first $75,000 of income. The ‘Keep Your Pay Act’ would raise the standard deduction to $75,000 for married couples filing jointly, with proportional amounts for single filers and heads of household. The measure would cut federal income tax on the median American family by an estimated 85%. “New Jerseyans are working harder than ever, but they’re struggling to get by because they’re facing out-of-control costs and an economy that is stacked against them — so we need big ideas to start making the American...
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President Donald Trump met Friday afternoon with CEOs of major defense industry companies at the White House as the war against Iran ended its first full week.After the meeting, Trump said in a social media post that “we discussed Production and Production Schedules” and “they have agreed to quadruple Production of the ‘Exquisite Class’ Weaponry in that we want to reach, as rapidly as possible, the highest levels of quantity.”Trump did not explain what he meant by “Exquisite Class Weaponry.” The term is used in the defense industry to describe one-of-a-kind technology or systems.Trump said the meeting included CEOs of...
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The War Between Iran and the Western World was renewed and the US has launched Operation Epic Freedom and Israel has begun Operation Shield of Judea. Apparently the US has launched a decapitating Operation and the Houthis and Hezbollah have launched counter attacks.
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Many Americans were skeptical of Elon Musk’s grandiose claims that DOGE would take a “chainsaw” to federal spending. One “tax nerd” was so skeptical he decided to “bet his life savings” on Musk’s promises being a flop — and it paid off big time, according to a report by The Wall Street Journal. Musk has seen his approval rating descend as he has taken a more publicly active role politically, plus ongoing criticism and litigation over his management of his social media platform X and support for far-right politics in Europe. He jumped into his work with the Department of...
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President Trump said on Saturday that he is going to raise his global tariff to 15%, up from 10% he imposed on Friday, after the Supreme Court struck down a set of sweeping global tariffs.
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The Trump administration has made no secret of its desire to push the monetary easing pedal to the metal, even as the engine is already near the red line. They intend to push the system as hard as possible today and worry about the consequences later. One reason may be to inflate the stock market ahead of the 2026 midterm elections. There are several indicators that the Trump administration intends to run it hot in 2026. The first — and most important — is that Trump will likely succeed in consolidating control over the Federal Reserve. Jerome Powell’s term as...
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What to know about the partial government shutdown:President Trump signed a massive funding bill to end the partial government shutdown on Tuesday, bringing an end to the standoff after four days with a new fight over immigration on the horizon.The House voted earlier in the day to approve the package by a vote of 217 to 214, with 21 Republicans and 21 Democrats crossing the aisle. Getting the bill across the finish line presented some challenges earlier in the day for Speaker Mike Johnson, who ultimately convinced a handful of GOP holdouts to advance the measure for a final vote.The...
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President Donald Trump on Friday formally nominated former Federal Reserve governor Kevin Warsh to succeed Jerome Powell as chair of the U.S. central bank, bringing a turbulent and politically charged transition at the Fed closer to resolution. The decision concludes a months-long search process that unfolded amid extraordinary pressure on the Federal Reserve, rising concerns over inflation persistence, and growing debate about the future independence of the central bank. Trump announced the nomination in a Truth Social post, praising Warsh as a steady and capable choice during a volatile period for monetary policy. “I have known Kevin for a long...
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U.S. senators have left town for a week-long recess, leaving themselves only five days to pass the six remaining federal government funding bills. Four of those massive bills, which are also the thorniest, have not even passed the lower chamber, though House leaders hope to advance them in a package next week while the Senate is off. If Congress fails to meet the deadline – which many, including the National Governors Association, anticipate – they face a partial government shutdown. In that instance, the only way lawmakers could prevent a shutdown would be by punting the deadline via a Continuing...
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The explosion of the budget deficit was one of the most worrisome things that happened post-Covid. While inflation peaked in 2022, the deficit kept getting worse because of the “fiscal doom loop” caused by bloated spending and higher interest rates. At this time last year things were still looking extremely grim. The deficit was stuck around $2.1 trillion on a rolling 12-month basis, or 7.3% of GDP--the largest non-emergency deficit we’ve ever had. And the10-year Treasury yield was stuck above 4.7%, worsening the situation daily. Now, though, we are experiencing a dramatic improvement. The latest numbers which we got yesterday...
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The explosion of the budget deficit was one of the most worrisome things that happened post-Covid. While inflation peaked in 2022, the deficit kept getting worse because of the “fiscal doom loop” caused by bloated spending and higher interest rates. At this time last year things were still looking extremely grim. The deficit was stuck around $2.1 trillion on a rolling 12-month basis, or 7.3% of GDP--the largest non-emergency deficit we’ve ever had. And the10-year Treasury yield was stuck above 4.7%, worsening the situation daily. Now, though, we are experiencing a dramatic improvement. The latest numbers which we got yesterday...
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WASHINGTON (AP) — In a remarkable rebuke of Republican leadership, the House passed legislation Thursday, 230-196, that would extend expired health care subsidies for those who get coverage through the Affordable Care Act as renegade GOP lawmakers joined essentially all Democrats in voting for the measure.
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President Donald Trump on Wednesday called for a staggering 50% increase to the previously proposed military budget to bring the total up to $1.5 trillion. In the Wednesday afternoon Truth Social post, Trump claimed the budget increase was “for the good of our country,” citing “very troubled and dangerous times”: After long and difficult negotiations with Senators, Congressmen, Secretaries, and other Political Representatives, I have determined that, for the Good of our Country, especially in these very troubled and dangerous times, our Military Budget for the year 2027 should not be $1 Trillion Dollars, but rather $1.5 Trillion Dollars. This...
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President Donald Trump says he believes the 2026 midterm elections will center on “pricing” as Republicans head into a critical period with control of Congress on the line. Trump’s comments follow a string of favorable economic reports over the last two weeks showing inflation is cooling and the economy is hotter than expected. The White House is keen to tout the latest data as it confronts cost-of-living concerns that have underpinned a string of Democratic overperformances across the country. Still, polls show Americans are struggling. Nearly half of respondents said they find groceries, utility bills, health care, housing and transportation...
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NOTE: This post is very long, and the videos included are even longer. If you choose to watch only one, I would suggest the third one that specifically covers the Trump class. A lot of people instantly hated the new Trump-class Battleship because it has the name "Trump" attached to it, and especially hated it because Trump wants to have a hand in the design for "aesthetic" reasons. After all, if Trump likes something, it must be a bad idea. But of course, that's a terrible reason to have an opinion about whether a weapons system, which would likely be...
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