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Keyword: spending

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  • The Myth of Underfunded US Schools

    08/22/2019 7:48:13 AM PDT · by ReleaseTheHounds · 33 replies
    The American public once again views ďinadequate fundingĒ as the top problem facing public schools, according to the annual PDK Poll. But the public will soon know exactly how much every public school actually spends, thanks to new federal reporting requirements. This leap forward in school finance transparency may forever change how Americans think about public education. The PDK poll has provided a barometer of public perceptions of public schooling since 1969. The latest survey confirms the public still believes schools have too little money. This view is shared across socioeconomic communities: ď[A]among the best-off Americans, those in $100,000-plus households,...
  • Itís the Spending, Stupid: Stop Blaming Trump's Tax Cuts for the Deficit

    08/14/2019 9:53:32 AM PDT · by SeekAndFind · 7 replies
    Issues and Insights ^ | 08/14/2019 | John Merline
    The current federal budget fiscal year still has two months to go, but the deficit is already bigger now than it was for all of last year, and heading to more than $1 trillion. Naturally, the Trump tax cuts are getting the lionís share of the blame. But the latest data on spending and revenues from the Treasury Dept. make it abundantly clear that it is out-of-control spending, not tax cuts, that are driving the deficit upward. Unfortunately, no one in Washington seems to care. From October last year through July this year, total revenues climbed 3.4%. Thatís faster than...
  • Problems a Booming Economy Canít Solve

    08/07/2019 5:47:46 PM PDT · by Tolerance Sucks Rocks · 10 replies
    Return to Order ^ | July 2018 | John Horvat II
    A booming economy should help people make good financial decisions since more money can be directed to other needs. That is why savings rates normally go up as the economy improves. People naturally tend to take advantage of better days especially after bad or slow times. This is not happening now. Many Americans are spending more on consumer goods, but they are not saving their money or accumulating wealth. No Emergency Funds Nearly a quarter of households, for example, do not have any available emergency funds according to a survey conducted by the SSRS research firm. Another third do not...
  • Strong Jobs Numbers Wonít Last If Tariffs Continue (blecch)

    08/02/2019 2:30:12 PM PDT · by Tolerance Sucks Rocks · 14 replies
    The Daily Signal ^ | August 2, 2019 | Timothy Doescher
    As the summer rolls on, the American economy is staying hot. Thatís the main takeaway from the Bureau of Labor Statisticsí reports on Friday, which shows that the economy added 164,000 jobs in July. That lined up for the most part with expert predictions. The economy is showing signs of resiliency economy due to sound policies like deregulation and tax cuts. Nonetheless, itís time to get real about the negative impacts that tariffs and out-of-control spending will have on long-term growth. In July, we saw that the historically low unemployment rate went unchanged, hovering at 3.7%, while the labor force...
  • Audit Finds Poor Planning Cost NY Millions in Overruns at Highway Rest Areas

    08/01/2019 3:25:28 PM PDT · by Tolerance Sucks Rocks · 12 replies
    The Jewish Voice ^ | July 10, 2019 | The Jewish Voice
    Inadequate planning cost taxpayers over $12 million in overruns at I LOVE NY highway rest areas, as per an audit from the office of Comptroller Thomas DiNapoli. The recently released audit revealed that the state Department of Transportation did a poor job of planning and following up in its construction of rest areas with a tourism focus in each of NYSís 10 regions. The stateís plan, as touted by Governor Andrew Cuomo, was to build at least 10 Welcome Centers, carrying New York-made products, as a way to advertise the stateís tourism attractions in each of its regions. As reported...
  • WSDOT says it lost confidence in contractorís ability to start Highway 99 tunnel tolls on schedule

    08/01/2019 10:48:05 AM PDT · by Tolerance Sucks Rocks · 4 replies
    The Seattle Times ^ | July 29, 2019 | Mike Lindblom
    Drivers may not mind, but state transportation officials this spring said they had lost confidence that a new contractor would launch Highway 99 tunnel tolls on schedule, records show. State toll managers became wary enough that theyíll make a temporary deal with the existing statewide tolling contractor, to take over the tunnel-toll startup. That way, the Washington State Department of Transportation (WSDOT) can begin charging drivers sometime this fall, as announced last month. Then next year, the current operator will hand off the tunnel toll operations to the new company, Dallas-based ETAN, state toll-project engineer Jennifer Charlebois said in an...
  • Analysis: Dem Candidates Call For More Than $200 Trillion in Spending

    07/31/2019 9:44:27 AM PDT · by BradtotheBone · 19 replies
    The Washington Free Beacon ^ | July 31, 2019 5:00 AM | Charles Fain Lehman and David Rutz
    Democratic candidates for the 2020 nomination have promised more than $210 trillion in new spending across the field, analysis by the Washington Free Beacon shows. Of the 26 declared candidatesóincluding Rep. Eric Swalwell (D., Calif.) who dropped out earlier this monthómost have put enormous new government programs front and center in their campaigns. Totaling up these proposals gives taxpaying voters a sense of the budget priorities of the average Democratic candidate. That overall figure is an undercount, as it is based only on proposals for which the Free Beacon could identify actual spending estimates. The true figure is much larger....
  • Dealing with Corporate Activism: Shop to It!

    07/30/2019 7:03:22 PM PDT · by Tolerance Sucks Rocks · 21 replies
    Family Research Council ^ | July 30, 2019 | Tony Perkins and FRC senior writers
    "Our view was always, 'Let's just run a business.'" Today, former Walmart CEO Bill Simon would be in the minority. As more companies pick sides in the cultural debate, he -- like a lot of executives -- is having a hard time understanding which business these CEOs are in: advancing left-wing advocacy or their company's brand? Things have changed a lot over Bill Simon's career. In the retail business, he remembers, it used to be simple. "We'll sell to anybody. We'll try to stay out of the public eye on issues that can be confrontational." Fast-forward to today, when everything...
  • Ownership, Not Government Spending, Will Shrink Wealth Gap

    07/30/2019 6:53:53 PM PDT · by Tolerance Sucks Rocks · 14 replies
    Creators Syndicate ^ | July 25, 2019 | Star Parker
    With the next round of Democratic presidential candidate debates upon us, we will surely hear more about government activism to fix racial inequalities. Inequality is real and needs attention. According to the Urban Institute, average white household wealth in 2016 was $171,000 compared with average black household wealth of $17,409. Sen. Cory Booker wants government to make deposits into savings accounts for low-income children to the tune of up to $50,000 each. Sen. Kamala Harris proposes $100 billion in government subsidies for black homeownership. These kinds of proposals may win some black votes, but should they? Will they really make...
  • What Would It Take to Get Budget Under Control? Donít Expect Spending Cuts Until Dems Cry Uncle

    07/30/2019 6:39:31 AM PDT · by SeekAndFind · 20 replies
    American Thinker ^ | 07/30/2019 | Christopher Chantrill
    Most of us know that U.S. government spending is too high. And the deficit and the debt are going to get us one day. So why doesn‚Äôt someone do something? And why has President Trump done a ‚Äú$320 billion budget deal‚ÄĚ with Speaker Pelosi that kicks the can down the road yet again? How come¬†he‚Äôs willing to do a deal with Nancy Pelosi that increases spending and raises the debt ceiling through the 2020 election? Well, of course. Trump wants to clear the decks for electoral action, and he doesn‚Äôt want to be stubbing his toe on a debt...
  • OPINION | Don't trust politicians' latest attempt to tinker with TABOR

    07/27/2019 11:40:03 AM PDT · by Tolerance Sucks Rocks · 9 replies
    Colorado Politics ^ | July 24, 2019 | Jesse Mallory
    As Coloradans consider Proposition CC and the fate of our Taxpayer Bill of Rights this November, we should bear in mind the lessons of Novembers past. In 2005, voters were promised that if the state were allowed to keep the excess revenue that should have been refunded to taxpayers under TABOR, the money would be used to boost education spending. Referendum C was approved, but the money never made it to the classroom. ďSpending on programs not associated with Referendum C has grown more than twice as fast as spending on education and health care,Ē former state Treasurer Mark Hillman...
  • This Budget ĎDealí Looks Even Worse; Everything Goes Up Except Fiscal Sanity

    07/25/2019 7:50:33 AM PDT · by SeekAndFind · 21 replies
    Hotair ^ | 07/25/2019 | Taylor Millard
    The budget ‚Äėdeal‚Äô being touted by President Donald Trump and House Speaker Nancy Pelosi will do nothing to solve the federal government‚Äôs fiscal issues. It‚Äôs more likely this ‚Äėcompromise‚Äô is going to make problems even worse, especially once the debt markers are called in ‚Äď whenever that happens.One of the (if not the) biggest problems in the ‚Äėagreement‚Äô is the fact spending can go up without any worry about hitting some sort of artificial barrier. 2. The Agreement modifies the discretionary spending caps imposed by the Budget Control Act (¬ďBCA¬Ē) for fiscal years 2020 and 2021 pursuant to the...
  • Art of the Budget Deal: Trump, Pelosi Agree to Up Spending and Debt

    07/23/2019 12:30:47 PM PDT · by Tolerance Sucks Rocks · 37 replies
    The Daily Signal ^ | July 22, 2019 | Fred Lucas
    When President Donald Trump begrudgingly signed a budget deal he called ďridiculousĒ in order to get increases for the military budget, he asserted: ďIím not going to do it again.Ē That was 16 months ago. Now, the Trump administration and House Democrats reportedly have reached a deal to suspend the debt limit temporarily and increase spending by more than $300 billion with only limited cuts. Around 5:45 p.m. in Washington, the president tweeted: "I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, Speaker of the House Nancy...
  • Why Can't America Fill a Pothole?

    07/22/2019 6:33:51 PM PDT · by Tolerance Sucks Rocks · 47 replies
    PragerU ^ | July 22, 2019 | Kyle Smith
    Why canít America build or repair infrastructure on a par with countries in Europe or Asia? Why are our bridges, roads, and airports not what they should be? Arenít we the richest and most technologically savvy country in the world? Who or what is holding us back? Kyle Smith of National Review has the surprising (and frustrating) answer.
  • Tentative Federal Budget Would Raise Spending by $320 Billion

    07/22/2019 12:02:54 PM PDT · by Theoria · 22 replies
    The New York Times ^ | 22 July 2019 | Emily Cochrane and Alan Rappeport
    White House officials and congressional lawmakers are nearing a deal that would boost government spending levels over the next two years and raise the federal borrowing limit. If passed by Congress and signed by President Trump, it would avert a default crisis this fall and avoid automatic spending cuts next year. The agreement would raise spending by $320 billion, compared to the strict spending levels established in the 2011 Budget Control Act and set to go into effect next year without legislative action, according to three people familiar with the negotiations who requested anonymity to discuss the unfinished deal. The...
  • Bernie Sanders: Four Trillion Per Year For Medicare For All; What's a Few Trillion Among Friends?

    07/17/2019 7:57:07 AM PDT · by SeekAndFind · 11 replies
    Hotair ^ | 07/17/2019 | Jazz Shaw
    I realize I’ve said this before, but if there’s one thing we can conclude about Bernie Sanders that casts him in a positive light, he’s pretty much immune to worrying about doublespeak or hiding his intentions. He’s still pushing his Medicare for All bill (which is co-sponsored by Kamala Harris) and he was asked yet again this week how much it was going to cost. Pretty much without missing a beat, he responded that it was probably going to run in the neighborhood of forty trillion dollars over the first ten years. (Free Beacon) Sen. Bernie Sanders (I., Vt.)...
  • Why Federal Highway Policy Is a Speed Bump Slowing Down Better Roads

    07/15/2019 2:08:13 PM PDT · by Tolerance Sucks Rocks · 13 replies
    The Daily Signal ^ | July 12, 2019 | David Ditch
    Taxpayers from all 50 states pay into the Highway Trust Fund when they fill their tanks with gas or diesel fuel. That sends billions of dollars a year to Washington, which then cuts checks to state governments in the form of infrastructure grants overseen by federal bureaucrats. Itís hard to tell just what shuffling so much money from one level of government to another is supposed to accomplish. In point of fact, the system creates many speed bumps that prevent our highway system from delivering the value it ought to. A Senate Environment and Public Works Committee hearing on Wednesday...
  • Policy Tip Sheet: Gas Taxes are not the Long-Term Solution to Funding Transportation

    07/14/2019 12:23:23 PM PDT · by Tolerance Sucks Rocks · 17 replies
    The Heartland Institute ^ | July 11, 2019 | Matthew Glans
    In this Policy Tip Sheet, Matthew Glans examines gasoline taxes, how they have become less effective over time, and why states can no longer rely on them to fund state transportation projects. Problem Gasoline taxes are an unreliable funding source for state transportation projects, road construction, and maintenance due to declining gasoline prices and more fuel-efficient vehicles. In 2015, Daniel Vock, writing for Governing, analyzed state gas tax data reported to the U.S. Census Bureau and found two-thirds of state fuel taxes failed to keep up with inflation. Moreover, gasoline taxes are regressive and produce widespread economic consequences. Increasing fuel...
  • Democrats' opposition research got exposed ó this time, not by the Russians

    07/11/2019 7:00:10 PM PDT · by bitt · 10 replies
    The Hill ^ | 7/11/2019 | john Solomon
    When the Russians hacked the Democratic National Committee in summer 2016, one of the crown jewels obtained by Vladimir Putinís team was the partyís opposition research files on then-GOP candidate Donald Trump. It was quite a blow to the DNC, because political parties usually guard their research zealously, hoping to use it with the news media and political commercials to help ding their political rivals without leaving fingerprints. But the Democratic Party committee that helps elects candidates to U.S. House seats has exposed scores of its own opposition research files on GOP candidates, past and present, on the internet. They...
  • One Federal Department Alone Is Now Spending $100 Billion Per Month!

    07/10/2019 9:45:13 AM PDT · by SeekAndFind · 20 replies
    Townhall ^ | 07/10/2019 | Terry Jeffrey
    For the first time in our nation's history, there is now a federal department spending an average of more than $100 billion per month. No, it is not the Department of Defense, which is charged with the core federal responsibility of defending us from foreign enemies. It is the Department of Health and Human Services, which, if Democratic Sen. Bernie Sanders of Vermont has his way, will run the "Medicare for All" program. As it now stands, HHS runs Medicare for many and Medicaid for more. "In 2019, the program will cover an estimated 61 million persons (52 million aged...