Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $86,247
98%  
Woo hoo!! And now less than $1.8k to go!! Let's git 'er done.

Keyword: deficit

Brevity: Headers | « Text »
  • Politicians Are Selective About When Debt and Deficits Matter

    12/06/2017 7:00:41 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | December 6, 2017 | Jonah Goldberg
    If you're a normal person who pays attention to politics, you'd be forgiven for thinking that Washington can't decide whether deficits are bad or not. Well, I have one easy trick that will help you make sense of it all. In Washington, when you hear people complain that this or that piece of legislation will "explode" the deficit, what they are really telling you is that they don't like the legislation. It's really that simple. Good legislation, like good food, movies, novels and pretty much everything else except for dogs (they're all good), is in the eye of the beholder....
  • Fiscal Responsibility or Lower Taxes?

    12/06/2017 6:16:56 AM PST · by Kaslin · 21 replies
    Townhall.com ^ | December 6, 2017 | Ben Shapiro
    This week, Republicans in the Senate finally passed their long-awaited tax reform plan. It lowers individual income tax rates across the board, although it does claw back some government revenue in the form of elimination of state and local tax deductions. It drops corporate tax rates as well. It is, in other words, a significant but not atypical Republican tax cut designed to boost economic growth by allowing Americans to keep more of their own money. The tax cut will almost certainly increase the deficit, however. Even with dynamic scoring -- the assumption that the economy will grow at...
  • U.S. Fed buys $3.4 billion of mortgage bonds, sells none

    11/30/2017 11:28:33 AM PST · by Oldeconomybuyer · 28 replies
    Reuters ^ | November 30, 2017 | by Staff
    NEW YORK - The Federal Reserve bought $3.447 billion of agency mortgage-backed securities in the week from Nov. 23 to Nov. 29, compared with $5.516 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday. In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS.
  • U.S. budget deficit up sharply in October

    11/13/2017 1:55:55 PM PST · by Oldeconomybuyer · 11 replies
    CBS News ^ | November 13, 2017
    WASHINGTON - The federal government began its new budget year with an October deficit of $63.2 billion, up sharply from a year ago. The Treasury Department reported Monday that the October deficit was 37.9 percent higher than the $45.8 billion deficit recorded in October 2016. Both government receipts and spending were up for the month, with receipts climbing 14.3 percent to $235.3 billion, a record for the month of October. The larger spending figure was up a sizable 11.6 percent to $298.6 billion. The deficit for the 2017 budget year, which ended on Sept. 30, totaled $666 billion, up 13.7...
  • China's Trade Surplus with the United States Is Growing Faster Under Trump (Hello Trump)

    11/08/2017 8:34:32 AM PST · by cba123 · 45 replies
    The Street ^ | November 8, 2017 | Edward Hardy
    China's trade surplus with the United States slipped from a record high last month, according to official data published Wednesday, but still rose past $300 billion over the first 10 months of the year just as President Donald Trump arrives for a state visit in Beijing. China's customs office said total exports from the word's second largest economy grew an annual 6.9% last month, slowing from the 8.1% pace recorded in September. Import growth, however, was impressively strong at 17.2%, although again slower than the 18.1% pace notched in the previous month. The figures also reveal a 37.8% increase in...
  • It Would Take A 50% Hike in Income Tax to Fund Our Current Deficit

    10/14/2017 12:24:49 PM PDT · by SeekAndFind · 21 replies
    Mauldin Economics ^ | 10/13/2017 | BY JOHN MAULDIN
    Authored by John Mauldin via MauldinEconomics.com,The projected total US debt will be $30 trillion within 10 years, using the CBO’s own numbers. But the CBO also makes the rosy assumptions that there will be no recessions and that GDP will grow at a 4% nominal rate.Now, that’s possible; I'm inclined to haircut it a bit.If you asked me to bet the “over/under” on the debt in 2027, I would bet the over at $35 trillion.After the next recession the deficit will be $30 trillion within 4–5 years and then grow from there at a rate of anywhere from $1.5...
  • A Debt Crisis Is Coming, and Were All to Blame

    09/13/2017 8:09:10 AM PDT · by Governor Dinwiddie · 59 replies
    The Daily Signal ^ | September 13, 2017 | Walter E. Williams
    The largest threat to our prosperity is government spending that far exceeds the authority enumerated in Article 1, Section 8 of the Constitution. Federal spending in 2017 will top $4 trillion. Social Security, at $1 trillion, will take up most of it. Medicare ($582 billion) and Medicaid ($404 billion) are the next-largest expenditures. Other federal social spending includes food stamps, unemployment compensation, child nutrition, child tax credits, supplemental security income and student loans, all of which total roughly $550 billion. Social spending by Congress consumes about two-thirds of the federal budget. Where do you think Congress gets the resources for...
  • US Trade Deficit Narrowed To $43.6 Billion In June

    08/04/2017 6:06:38 AM PDT · by Enlightened1 · 10 replies
    ABC News ^ | 08/04/17 | y paul wiseman
    The U.S. trade deficit narrowed in June as exports hit the highest level in 2 ? years. The Commerce Department says the trade gap slid 5.9 percent in June to $43.6 billion. Exports of goods and services rose 1.2 percent to $194.4 billion, the highest amount since December 2014. Services exports reached a record $65.4 billion. Overall imports slipped 0.2 percent to $238 billion. So far this year, the trade deficit is up 10.7 percent to $276.6 billion. A shrinking trade gap adds to U.S. economic output. President Donald Trump has vowed to bring down America's trade deficits, saying they...
  • Trump: Single-Payer Will Bankrupt Our Country

    07/20/2017 3:03:27 PM PDT · by ForYourChildren · 101 replies
    CNS News ^ | 07/20/2017 | Susan Jones
    We're in this room today to deliver on our promise to the American people to repeal Obamacare and to ensure that they have the health care that they need, President Trump told Republican senators at a White House luncheon on Wednesday. We have no choice. We have to repeal and replace Obamacare. Trump said Republicans are so close to getting the job done, even without a single vote from Democrats: "The way I looked at it, we have no Democrat help. They're obstructionists. That's all they're good at is obstruction. They have no ideas. They've gone so far left, they're...
  • President Trumps Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth

    07/14/2017 1:00:54 AM PDT · by ColdOne · 23 replies
    freebeacon.com ^ | 7/13/17 | Ali Meyer
    President Donald Trump's proposed budget for 2018 would reduce the deficit over the next decade by $160 billion and increase GDP at the same time, according to an analysis from the Congressional Budget Office. Trump's budget proposes a cut back in mandatory and discretionary spending that would not only reduce the deficit, but the debt as well. Relative to the size of the economy, federal budget deficits are projected to decline by 2.6 percent to 3.3 percent of gross domestic product over the next 10 years. This would mean that the deficit would be roughly one-third smaller than it was...
  • CBO: Treasury to run out of cash in next 3 days, leading to default or delay in payments.

    06/30/2017 2:11:36 AM PDT · by gattaca · 39 replies
    Free Beacon ^ | Jun e30, 2017 | Ali Meyer
    The amount of money the government spends on programs and the amount it collects in taxes could change from the budget office projections, so the office warns that the Treasury could run out of funds even earlier. Currently, the federal deficit stands at $693 billion, which is an increase of $134 billion than what it projected in January. The federal government has an outstanding debt of $19.8 trillion, which includes $14.3 trillion in public debt and $5.5 trillion held by government accounts. Spending on major government programs such as Social Security and Medicare causes the amount of borrowing to increase....
  • Journal Times editorial: The time for toll roads has arrived in Wisconsin

    06/15/2017 10:10:55 AM PDT · by Tolerance Sucks Rocks · 23 replies
    The Journal Times ^ | May 30, 2017 | The Journal Times Editorial Board
    Now that the long Memorial Day holiday is over and legislators and the governor have returned from their road trips, we hope they have a better sense of the condition of highways around the state and a renewed sense of urgency on the need for upgrades and repairs. The first order of business, it would seem to us, is to come to some agreement on a state transportation budget for the next two years. Hopefully, hopefully, when that is done they will also take a longer-term view of Wisconsins highway construction needs and how best they should be met ...
  • Trump infrastructure push faces cold shoulder from Congress

    06/15/2017 5:41:19 AM PDT · by Tolerance Sucks Rocks · 14 replies
    WXOW News 19 ^ | June 6, 2017 | Erica Werner (AP)
    WASHINGTON (AP) - Repairing the nation's crumbling roads and bridges was supposed to be an area ripe for bipartisan compromise between congressional Democrats and President Donald Trump. Instead, Democrats are panning Trump's proposed $1 trillion overhaul and even Republicans are balking at some aspects of the emerging plan. The White House's self-proclaimed "Infrastructure Week" began with Trump appearing Monday with aviation officials and some prominent GOP lawmakers to announce plans to privatize the nation's air traffic control system and separate operations from the Federal Aviation Administration.
  • Tolls, private financing obstacles to Trump's $1 trillion infrastructure plan

    06/12/2017 8:16:35 PM PDT · by Tolerance Sucks Rocks · 15 replies
    The Huntsville Item ^ | June 10, 2017 | Kery Murakami CNHI Washington Bureau
    WASHINGTON President Donald Trumps grand plan to spend $1 trillion over the next 10 years on highways and other infrastructure improvements faces a formidable roadblock in Congress and state legislatures. Theres agreement the investment is badly needed to improve the nations sagging infrastructure but how to cover the huge expense is the point of tension. Trump would use $200 billion in public funds to generate $800 billion in private money under a partnership program that would finance government bonds and also return a profit to private companies through interstate tolls and other user fees. To do that, Congress would...
  • Connecticut, home to great wealth, may be sinking into a fiscal mire

    05/26/2017 4:05:01 PM PDT · by Early2Rise · 27 replies
    Fox News ^ | 5/26/2017 | Elizabeth Liorente
    The administration of Gov. Dannel Malloy, a Democrat who has been in office since 2011, projects a budget deficit of more than $5 billion over the next two years, thanks to generous pension benefits and the burden of servicing its big debt, plus falling tax revenue due to the exodus of large employers and residents reaching retirement age. Its budget woes, as well as concerns that they will be repeated year after year, helped lead General Electric in 2015 to consider moving its headquarters out of the state. Last year, it did exactly that. The states population is falling: Its...
  • It Will Take An Ax, Not A Scalpel, To Control Federal Spending

    04/29/2017 11:55:30 AM PDT · by Tolerance Sucks Rocks · 52 replies
    Inestor's Business Daily ^ | April 27, 2017 | Adam Brandon (Freedomworks)
    The federal government once again hit the debt ceiling. The ceiling limits the amount of money the federal government can borrow a number that was set at $20.1 trillion. Although the issue should have been dealt with in 2015, then-Speaker John Boehner capitulated to President Obama and postponed the debt limit until March 16, 2017. Since then, the federal debt has grown by $1,414,397,000,000 more than one trillion in less than two years. President Trump promised during his campaign to bring back American prosperity and make Washington work for everyone not just for the small group of...
  • Trumps Tax Plan Is a Reckoning for Republican Deficit Hawks

    04/27/2017 2:02:10 PM PDT · by NRx · 55 replies
    NY Times ^ | 04-27-2017 | ALAN RAPPEPORT
    WASHINGTON As President Trumps top economic advisers faced a barrage of questions on Wednesday about the tax plan they had just unfurled, there was one that they struggled most to answer: how to keep the massive tax cuts they proposed from ballooning the federal deficit. The White House insists that economic growth will cover the cost, which could be as high as $7 trillion over a decade. But the question will dog Republicans and could fracture their party as they face the prospect of endorsing a plan that many economists and budget analysts warn will increase the deficit. After...
  • US Budget Deficit Grows By $176 Billion In March

    04/15/2017 3:35:41 PM PDT · by Tolerance Sucks Rocks · 22 replies
    The Daily Caller News Foundation ^ | April 12, 2017 | Robert Donachie
    The U.S. government posted a budget deficit in March that is markedly higher than a year ago, as government spending outpaced revenue for the month.The budget deficit hit $176.2 billion in March, up from $108 billion the same month last year. The year-to-date deficit is $527 billion, up 14.7 percent from the $479 billion budget deficit in March 2016. Total government revenue fell by 5 percent in March, down to $217 billion from $393 billion in the same month of 2016.A large part of the deficit increase is due to government officials’ decision to shift $42 billion in benefit payments...
  • Beijing has reason to be pleased with how the Trump-Xi meet went

    04/13/2017 8:47:03 PM PDT · by AmericanInTokyo · 41 replies
    China Post (TAIWAN) ^ | 13 April 2017 | Frank Ching
    Chinese leader Xi Jinping's two-day summit meeting with Donald Trump, overshadowed by the U.S. attack on Syria, gave each president the chance to take the measure of the other and, apparently, each liked what he saw. From the Chinese perspective, things went very well indeed, with China taking the initiative and the Americans going along. It wasn't supposed to be like that. Trump had plans to pressure Xi to reduce the U.S. trade deficit. Trump also expected Xi to "step up" and help rein in North Korea. Neither thing happened. From the beginning, China felt it had the situation under...
  • Trump cut Social Security changes from budget proposal

    04/12/2017 1:57:34 PM PDT · by ColdOne · 52 replies
    thehill.com ^ | 4/12/17 | Sylvan Lane
    President Trump scrapped potential reforms to Social Security and Medicare while preparing his first budget request, according to Office of Management and Budget Director Mick Mulvaney. Mulvaney, a fiscal hawk and former member of the House Freedom Caucus, said Trump quashed potential changes to Social Security, citing his campaign pledge not to touch the program. I laid to him the options that Mick Mulvaney would put on a piece of paper, Mulvaney told CNBC in an interview that aired Tuesday. And [Trump] looked at one and said, What is that? And I said, Well, that's a change to part of...