The U.S. House is unveiling its new “minibus” spending package. It is a bill “to keep the federal government funded in the short-term”. This is the second such bill this year for that purpose. Doesn’t it kind of make you want to actually have a budget?
Articles tagged as
Spending
Contagion Theater and Concord’s Cast of Typhoid Mary’s
After ruining Concord’s downtown with expert help, the city is ignoring, from my humble observation, a potential health crisis. Go to WallyWorld or Market Basket and you will see employees wiping down handles on freezers and other objects touched by shoppers.
Uh-Oh: If True, This Will Make our Current Economy Look Rather Rosy
And so it finally begins? Emphasis mine, reformatted: ‘U.S. Gets a Debt Warning From Fitch as Stimulus Battle Rages.’ (Bloomberg) One of the world’s major credit-rating companies fired a warning shot regarding the U.S.’s worsening public finances on Friday…
Supreme Court Doubles Down: Trump Can Continue to Build the Wall
A year after the US Supreme Court overturned a stay on border wall construction opponents are back. They are worried that “the Trump administration could finish the wall before the court even decides whether to take up the case on the merits. “
What if Biden Wins the Presidency?
What happens if Biden wins the presidency? Let’s think about the situation. For the first 3 years of Trump’s presidency, the stock market was rising and the economy was growing. This masks many of the factors driving a sense of hopelessness in the country. Many Americans and the nation itself have unpayable debt.
The Sublime Versus the Ridiculous In DC
There is a policy battle in D.C. between the sublime versus the ridiculous. House Speaker Pelosi has come forward with a $3 TRILLION HEROES Act stimulus plan. Under her plan, most people would make more money by quitting work and staying home than by working.
Democrat Ann Kuster Admits, for the Second Time, That Republican Steve Negron Could Flip Her Seat
Last November, a fake impeachment, virus socialism, and a few riots ago, Democrat Ann Kuster – who stands by all three of those things (by the way) – admitted that Republican Steve Negron could ‘Flip Annie’s seat.’ It’s not “Annie’s” seat, but six months later, she has repeated the claim.
New Hampshire’s Budget Deficit – Will it be $700 Million?
If you are watching the state budget you understand there is a lot of red ink. Revenues for March were off in the neighborhood of 15%. In April revenues were off more than 35%, actually closer to 40%. In May revenues will be off by about 20%.
Are Most Fears About Budget Deficits Wrong and Dangerous?
Modern Monetary Theory (MMT) basically says most fears about budget deficits are wrong and dangerous. The federal deficit is projected to swell to $4 trillion this year. Republicans are nervous. Democrats are eager to spend trillions more.
Shaheen Refuses to Fix US Postal Service Which Raises Your Taxes
Senator Jeanne Shaheen sent out a letter this week which begs rebuttal. “I wanted to take a moment to update you on my work to protect the U.S. Postal Service,” she says. This is a problem. It has been a problem as long as Senator Shaheen has been a Senator from New Hampshire.
Data Point – Saving rates by Americans WAY up
Americans are so nervous about the state of the economy that they are stashing cash in the bank at a rate not seen since the first year of Ronald Reagan’s presidency.
The United States government’s Bureau of Economic Analysis reported Thursday morning that the savings rate surged to 13.1% in March — up from 8% in February.
CDC and NIH Spent $2.87 Million to Study Why Lesbians are Obese
The Coronavirus response “issues” the average lazy “journalist” might try to lay at the feet of Donald Trump are not Trump-related. They are thanks to agencies like the CDC and NIH who, in case you are curious, have been focused on other pressing “health” matters. Like why Lesbians are obese.
Data Point – Consumer Purchasing off the cliff
70% of the American economy is consumer driven. With Government shutting it down (e.g., Ben Franklin’s saying again!), we can see how fast consumers shut their wallets (even those that still have jobs). The paper relies on data from a nonprofit “fintech” company that helps people save, and the researchers had access to (anonymized) data … Read more
Here’s What Congress Deems “Essential Spending” for Coronavirus Recovery
The U.S. Senate unanimously passed a $2 trillion “Phase III” emergency aid package. They are pushing this as being to “help” America recover from the coronavirus lockdown. Previous phases provide funds for testing and paid family leave. Not one U.S. Senator voted against the legislation: 96-0.
Data Point – The US has a SPENDING Problem, not a Revenue Problem
The United States has a SPENDING problem, not a revenue problem. So, how much did the US take in?
Ed-icaid: A Better Word for the Failed Government Monopoly on Education?
The government-run public school experiment has failed. Costs are out of control, and most of the money is spent on overhead, in other words, typical of government interventions. We’re wasting millions annually, at every opportunity, to pay staff and managers who have nothing to do with teaching.
Medicaid Experiment Continues to Blow Holes in State Budget
Vermont is very progressive. Bernie is after all their US Senator (can anyone name the other one?) The state fully embraced Obamacare, the exchanges, Medicaid Expansion, and developed its own oversight provider network. And it loses gobs of money every year.
School funding: How much is enough?
There is a question that should be asked of anyone who wants to make a case for increasing the amount that we spend on public schools. Usually, they just say that the amount needed is ‘more than it is now’.
But how much more?
Focus on Growth, Opportunity and Innovation is Paying Off for New Hampshire
The takeaway message from Gov. Chris Sununu’s State of the State address on Thursday was that New Hampshire, like comedian Larry The Cable Guy, gets her done.