A hub for independent voices and hard truths
via Mike Shedlock What’s the key item that’s wrong in the following table of GDP, inflation, unemployment, and interest rate projections? Where’s a Recession? Has the Fed, the nonpartisan Congressional Budget Office (CBO), or the White House Office of Management …
by confoundedinterest17 Every little thing Biden touches turns into disaster. Like the Federal Budget(consider it the fiscal version of the Afghanistan withdrawal). Following yesterday’s release of Biden’s $7.3 trillion budget, the Biden administration bragged about lowering the deficit by $3 trillion …
The President today submitted to Congress his Budget for Fiscal Year (FY) 2025, which requests a total of $37.8 billion in discretionary resources, an increase of $467 million over an FY 2024 Annualized Continuing Resolution, and a total of $10.5 …
In a move that could reshape the nation’s financial landscape, President Biden has revealed a budget proposal of unprecedented proportions, amounting to a staggering $7.3 trillion for the fiscal year 2025. This budget, while reflecting ambitious plans for tax increases …
WASHINGTON (AP) — President Joe Biden is issuing a budget plan Monday aimed at getting voters’ attention: tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and corporations. Unlikely to pass the House …
In the grand theater of Congress, Representative Thomas Massie has stepped into the spotlight, holding the script of fiscal responsibility while accusing his Republican colleagues of staging a budgetary masquerade. Basing his criticisms on the Congressional Budget Office (CBO) numbers, …
“Gun Controllers Use ATF As Bargaining Chip… And THEY GOT ABSOLUTELY ROCKED In Budget Compromise… in today’s episode, we dive into the absolute destruction that the ATF and FBI just received at the hands of the Democrats. They just got …
China has taken a bold stance against Taiwan, signaling heightened tensions by excluding ‘peaceful reunification’ from its language. The move coincides with a 7.2% boost in China’s defense budget, marking three decades of consecutive military spending growth. This underscores Beijing’s …
China is increasing its military budget The defense budget will be increased by 7.2 percent and will amount to about 232 billion dollars, according to the draft budget published today at the opening session of the All-China People's Congress. China …
“Denver Mayor Mike Johnston announced the closure of 4 ‘immigrant shelters’ over the next month—a move expected to save up to $60M—in an effort to lower the looming budget gap to $120M. Denver, CO welcomed 40,000 illegals in the last …
In next decade, 84% of federal spending growth comes from health, Social Security, interest. “Spending on Social Security will grow from $1.5 trillion this year to $2.5 trillion by 2034, while spending on health care will grow from $1.6 trillion …
In what universe does this bode well? I'm predicting that New York City is in for a very difficult time. There are simply not enough LEOs available to keep the streets safe. If the article from @PoliceOne is any indication, …
by confoundedinterest17 The great Will Rogers once said he never met a man he didn’t like. US President Joe Biden and Democrats have never met a spending opportunity they didn’t like (except for US border security, of course). Under “Deficit …
USDA extends LGBTQ agenda globally via farm-aid, tying international grants to transgender ideology, per redacted Oct. 18 memo. The U.S. Department of Agriculture intends to cultivate the transgender ideology on a global scale using international farm-aid programs. That could mean …
But the first step is to say, ‘We want to support you and assist you in whatever way we can, but we’re not staying in Europe. We’re going to go home, and we’ve got other fish to fry here, and …
https://twitter.com/Fxhedgers/status/1739419853943923071 This infuriating year, marred by relentless inflation, epitomizes the struggle of everyday Americans. Families, like Kyle Connolly’s, grapple with layoffs, escalating living costs, and diminished luxuries. The glaring disconnect between positive economic indicators and the grim reality faced by …
by confoundedinterest17 It‘s Biden’s Fiscal Inferno! Insane open borders, insane green spending, wars in Ukraine, Gaza and growing restlessness around Taiwan. Inflation. And a demented 81-year old President in charge. The U.S. government ran a budget deficit of $381 billion so …
via justthenews “The growth in spending continues to outpace the growth in tax collections. This is why our national debit is heading toward $34 trillion. It cannot go on forever without serious economic consequences,” says the leader of the Tax …
Gruesome Newsom Orders Commiefornia Spending Freeze Legal Insurrection readers may recall that I reported on California’s staggering $68 billion deficit, caused by an “unexpected” economic downturn. What is truly unexpected is that Gov. Gavin Newsom’s administration has just ordered a state spending …
by TonyLiberty Taxes kept climbing. People moved. Population shrinking, tax base shrinks. Seems straight forward. Time to cut back on taxes and things will rebound. I’m not a Trumpian but just cut taxes at the state level back to early …
The economic and demographic shifts in California present significant hurdles. The departure of high earners, as you pointed out, strains the tax base, with a small fraction of taxpayers now carrying a hefty portion of the state’s budget burden. The …
The senate will vote tomorrow on whether to vote on the FISA 702 by itself or continue to hide it in the general defense budget (NDAA). Only 41 senators voting yes will make a separate vote possible. Are there that …
🚨 NOW – NYC Mayor Eric Adams Says More Budget Cuts Could be Coming Due to the Migrant Crisis "That's what's so frightening about this. I saw it down in South America when I saw the level of people who are …
by confoundedinterest17 We are on a Highway To Hell! Massive Federal Budget deficits and staggering payments to Treasury from The Fed (losses on balance sheet) and $212 TRILLION in unfunded promises to the non-elites. Under Modern Monetary Theory (or print money …
A crisis looms over China as alarming signs of economic distress emerge. Despite official claims, the job market’s true fragility is exposed by online listings and household surveys, painting a grimmer picture. Adding to the ominous scenario, China is contemplating …
The German steel sector, facing a substantial budget shortfall due to a court ruling, is sounding an alarm on the nation’s industrial transformation. With more than 40 billion euros ($44 billion) in planned investments now under scrutiny, the sector is …
In a bold move for Argentina, President Javier Milei has taken office with a commitment to slashing the budget and rejecting leftist ideologies. A breath of fresh air for the country, Milei is steering away from woke ideology and socialism, …
A recently divorced woman w/2 children shared her monthly budget sheet on FB & it went viral. I repost these because it’s perspective on the median & mean. Social media focuses on the fake and the .1%. pic.twitter.com/O6LLmG8kOb — Don …
Authored by Michael Maharrey via SchiffGold.com, The Biden administration ran a $1.695 trillion budget deficit in fiscal 2023. It was the third-largest deficit in US history. The only time the US government ran bigger deficits was during the COVID years of …
