Tag Archives: government spending

US Senate Republicans may dump border wall funding to reduce "shutdown" theatrics

Source: New York Daily News

"Senate Republicans indicated on Tuesday they have no plans to shut down the government [sic] over a fight for money for a border wall. Sen. Roy Blunt (R-Mo.), a member of GOP leadership, told reporters Tuesday afternoon that a bill to keep the government funded after April 28 was coming together, and suggested the funding for the wall wouldn't be included. … Republicans will need some Democratic support to avoid a government shutdow [sic] at the end of April, and Democrats have indicated they'd block any bill that included funds for a wall." (03/28/17)


Defund the National Endowment for the arts — for art's sake

Source: National Review
by Kevin D Williamson

"The case against the NEA is not that abolishing it will save the federal government a tremendous amount of money. It won't. The NEA’s budget is, relatively speaking, chickenfeed — $148 million this year. (Which is literally less than Tyson spends on chickenfeed, if you were wondering.) We are not going to balance the budget on cuts — even cuts of 100 percent — to the NEA, the National Endowment for the Humanities, and foreign aid. … The case against the NEA is that it is bad for art and bad for artists." (03/23/17)


Deficit spending for the working class Canadians

Source: Mises Canada
by Caleb McMillan

"While an Angus Reid poll from a December 2015 showed only a marginal concern about federal deficits, the fact that the federal government is spending more than it takes in in taxes is now a chief concern among Canadians. An Angus Reid Institute survey released Monday ranked deficits and federal government spending as the third 'most important issues facing Canada today,' trailing 'the economy' and 'health care.' The poll comes two days before the Liberal government's 2017 budget announcement." (03/21/17)


Trump proposes a budget

Source: Common Sense
by Paul Jacob

"Will Donald Trump, infamously successful businessman, actually do something about the federal government's out-of-control deficits and mounting debt? … Can united government under the GOP cut even these most obviously least necessary aspects of government subsidy? I'm not holding any pockets of air in my two lungs." (03/22/17)


Trump's budgetary blueprint retains America's welfare state

Source: Future of Freedom Foundation
by Richard M Ebeling

"[A] cursory or a detailed look at President Trump's budgetary proposals reveals that he plans to leave the 'entitlement programs' — Social Security, Medicare and related spending — untouched while merely reallocating the approximately 30 percent of the federal budget's 'discretionary' expenditures from one set of activities to another. Neither the total amount of government spending nor the likely budget deficit is threatened with meaningful reduction." (03/20/17)


Trump's budget proposal makes dramatic cuts (a whopping 1/3 of 1% of discretionary spending!) to federal government

Source: NBC News

"The White House is putting its 'America First' agenda front and center, unveiling a budget Thursday that pumps $54 billion more into the Pentagon and protecting [sic] the nation's borders, while sharply slashing domestic and discretionary spending. The $1.1 trillion budget proposal sent to Congress represents a significant rollback of the federal workforce and imposes deep and dramatic cuts in order to offset the additional defense spending. The axe falls heavily on the Environmental Protection Agency, the Agriculture Department and the State Department." [editor's note: Yes, you read the headline correctly. The proposal would cut 1/3 of 1% of discretionary spending. Which means more like 1/10th of 1% of the total federal budget. Which means that by the time Congress gets done tweaking it, federal spending will go up, not down. Business as usual. Yawn – TLK] (03/16/17)


Why Trump's budget blueprint loses libertarians

Source: Reason
by Nick Gillespie

"President Donald Trump has released what was being touted as a 'skinny' budget, meaning that it would put federal spending on a diet. Would that that were true. The blueprint, which doesn't engage with entitlements such as Medicare and Social Security and other forms of 'mandatory' spending at all, simply balances cuts to various parts of the government with increases to the Departments of Defense and Homeland Security. In fiscal 2017, the government plans to spend around $1.1 trillion in discretionary spending (this is spending that is voted on every year; the rest of the federal budget is essentially on autopilot). Under Trump's plan, it will spend that much again in 2018. Overall federal spending will still come in around $4 trillion. Let's call this what it is: Unacceptable." (03/16/17)


The national debt limit equals a balanced budget

Source: Future of Freedom Foundation
by Richard M Ebeling

"If the President and the Treasury keep asking for increases in the national debt limit, and if Congress, in turn, after handwringing and gnashing of teeth about fiscal irresponsibility, continues to raise that debt limit there will clearly be no end to deficit spending. But there is a simple and straightforward way to bring the fiscal hemorrhaging to an end. Don't raise the debt limit. In one legislative act, in this case, a non-action, the federal government will have to operate within the confines of a balanced budget." (03/13/17)


About those "devastating" EPA reductions

Source: Heartland Institute
by Paul Driessen

"The Trump White House wants significant reductions at the Environmental Protection Agency: two dozen or more programs, including a dozen dealing with President Obama's climate initiatives; a 20% downsizing in EPA's 15,000-person workforce; and a one-fourth reduction in its $8.1 billion budget. The plan requires congressional approval, and thus is hardly a 'done deal.' Not surprisingly, it is generating howls of outrage. Former U.S. EPA Administrator Gina McCarthy says the proposal would be 'crippling,' and 'devastating for the agency’s ability to protect public health.'" (03/11/17)


Mnuchin urges Congress to raise debt limit

Source: The Hill

"Treasury Secretary Steven Mnuchin is urging Congress to increase the debt ceiling 'at the first opportunity,' in light of the fact that the U.S. will hit the limit next week. … Congress passed legislation in 2015 to suspend the limit through March 15 of this year, so it will be reinstated on March 16." (03/10/17)