Showing posts with label Spending. Show all posts
Showing posts with label Spending. Show all posts

Wednesday, December 9, 2015

CBO: Taxes, Spending, Deficit All Up In First 2 Months Of FY2016

CBO: Taxes, Spending, Deficit All Up In First 2 Months Of FY2016

December 09, 2015 CBO: Taxes , Deficit All Up In First 2 Months Of FY2016 0 Comments


By Terence P. Jeffrey, Dec 08, 2015 CNS News

(CNSNews.com) - The federal government taxed more, spent more, and ran a bigger deficit in the first two months of fiscal 2016 than it did in the first two months of fiscal 2015, according estimates the CBO published yesterday.

The federal fiscal year begins on Oct. 1 and ends on Sept. 30.

The increase in federal spending in the first two months of fiscal 2016 was largely driven by increased expenditures on Social Security, Medicare and Medicaid. The increase in taxation was driven by increases in individual income tax and payroll tax payments.
 
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Wednesday, January 28, 2015

On automatic pilot

January 28, 2015 Congressional Budget Office , Debt 0 Comments
Federal Debt Will Explode Over Next 10 Years, CBO Says

Kevin G. Hall, Jan. 26, 2015, McClatchy DC

By 2025, the annual budget deficit is forecast to hit 4 percent of the overall economy, much higher than the 2.7 percent historical average.

The federal government is expected to spend $277 billion on interest on the debt in the current fiscal year. That’s projected to soar to $827 billion by 2025. As a percentage of the economy, it would more than double from 1.3 percent in 2015 to 3 percent in 2025.

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Run, Bernie, Run!

January 28, 2015 Bernie Sanders , Hot Air 0 Comments
Bernie Sanders Wants To Cut The “Deficits” By Spending Trillions More

Jazz Shaw, Jan. 27, 2015, Hot Air

Yes, according to Sanders there is a deficit in jobs which will be fixed with a trillion dollars or so of government spending. There is an income deficit which can be addressed by a federal minimum wage of fifteen or twenty bucks an hour, I’m sure. He goes on to list the Social Security deficit, which he will fix by vastly expanding the existing program and an education deficit which will require free college for everyone.

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Monday, December 22, 2014

Obama doubles down

December 22, 2014 Acton Institute , Anthony Bradley 0 Comments
FLASHBACK: A $1 Trillion Reminder That Welfare is Failing

Anthony Bradley, Oct. 25, 2013, Acton Institute

While welfare spending has continued to increase, poverty rates in America have basically remained the same as they were 40 years ago. In fact, though we as a nation have spent nearly $15 trillion in total welfare spending since Lyndon Johnson declared war on poverty in 1964, several families in rural and inner-city America continue to be trapped in generational cycles of dependency. Something is not working.

Read more: blog.acton.org

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Wednesday, December 17, 2014

In praise of Ted Cruz

December 17, 2014 Alexis Deacon , Barack Obama 0 Comments
You Can NOT Compromise With Evil

Alexis Deacon, Dec. 16, 2014, Queen of Liberty

The Omnibus bill speeds up amnesty instead of defunding it and it is loaded with various other types of pork. The elite politicians in the beltway bubble continue to spend trillions of dollars which we simple do not have. They are putting coal in our Christmas stockings and our children and grandchildren will one day be handed the tab for this out of control spending. What kind of life will they have if we keep going down this path?

Our descendants might have to live in a world with a collapsed dollar, a lost civil society and a lack of liberty. This is a lifestyle no American alive today could imagine. Yet this is what will become of our heirs if we refuse to take a hard stance and begin to strongly resist this tyranny.

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