Dog Brothers Public Forum

HOME | PUBLIC FORUM | MEMBERS FORUM | INSTRUCTORS FORUM | TRIBE FORUM

Welcome, Guest. Please login or register.
April 25, 2017, 09:40:03 AM

Login with username, password and session length
Search:     Advanced search
Welcome to the Dog Brothers Public Forum.
101777 Posts in 2375 Topics by 1089 Members
Latest Member: Sarge
* Home Help Search Login Register
+  Dog Brothers Public Forum
|-+  Politics, Religion, Science, Culture and Humanities
| |-+  Politics & Religion
| | |-+  Government programs & regulations, spending, deficit, and budget process
« previous next »
Pages: 1 ... 18 19 [20] Print
Author Topic: Government programs & regulations, spending, deficit, and budget process  (Read 195576 times)
DougMacG
Power User
***
Posts: 8675


« Reply #950 on: August 08, 2016, 02:36:01 PM »

Federal spending went from $2 Trillion in 2002 to $4 Trillion today in just two Presidencies. 

[Wish I could cut and paste the numbers in here, year by year.]

Amazingly, Republicans controlled the House of Representatives during 12 of those 16 years.

http://www.taxpolicycenter.org/statistics/federal-receipt-and-outlay-summary
https://en.wikipedia.org/wiki/2016_United_States_federal_budget
https://en.wikipedia.org/wiki/Party_divisions_of_United_States_Congresses

Are we nuts?!
Logged
ccp
Power User
***
Posts: 6908


« Reply #951 on: August 10, 2016, 08:09:49 PM »

https://www.conservativereview.com/commentary/2016/08/fonda-and-redford-hollywoods-new-welfare-mooches
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #952 on: August 26, 2016, 10:50:13 AM »

https://patriotpost.us/posts/44479
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #953 on: September 14, 2016, 04:33:36 PM »

http://scottgrannis.blogspot.com/2016/09/federal-budget-outlook-deteriorates.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+blogspot%2FtMBeq+%28Calafia+Beach+Pundit%29
Logged
ccp
Power User
***
Posts: 6908


« Reply #954 on: September 15, 2016, 07:19:31 AM »

https://www.conservativereview.com/commentary/2016/09/why-this-millennial-woman-loathes-trumps-new-nanny-state-plan
Logged
DougMacG
Power User
***
Posts: 8675


« Reply #955 on: September 15, 2016, 11:30:17 AM »


Big government 'conservatism'.  It gives Trump a shiny, soft object to point to.  Hopefully a Republican House can stop it.

Reform and replace existing programs first.

Wouldn't a stay at home mom need a government support program more than a career, daycare mom.  Where is her government paid 'maternity program'?  You have to ne unmarried, unsupported to get it?  Republicans playing on a Democrat playing field lose.   Hillary has WAY bigger ideas than this.  You can't afford all of her ideas!

The Clintons sold us family leave based on the idea it was unpaid, then immediately screamed how unfair it was to have people unpaid to not work.

If 6 weeks is good, isn't 8 weeks better, 20 weeks great, forever perfect?

Don't tell the government but women in my family were waterskiing in the last 6 weeks before birth.  We could have used some government-paid boat gas.

Grow the economy stupid.
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #956 on: September 16, 2016, 08:17:35 PM »

http://scottgrannis.blogspot.com/2016/09/federal-budget-outlook-deteriorates.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+blogspot%2FtMBeq+%28Calafia+Beach+Pundit%29
Logged
ccp
Power User
***
Posts: 6908


« Reply #957 on: September 23, 2016, 04:19:57 PM »

I don't get it.  What is going on with all these relatives of politicians getting all this government money.  First we hear of Manchin's daughter getting  deal to supply epi pen to what 60000 school across the country and I saw this not to long as well as today:

http://www.newsmax.com/Newsfront/John-Kerry-Aware-State-Department-Daughter/2016/09/23/id/749860/

Who is watching this stuff?
this must be the tip of the iceberg

I assume Kerry's kid is getting a salary from this "nonprofit".  All this stuff sounds just so well meaning but is it?
Logged
ccp
Power User
***
Posts: 6908


« Reply #958 on: October 07, 2016, 02:53:31 PM »

I think Jeb also brought this up:

http://www.nationalreview.com/article/440848/donald-trump-fire-bureaucrats
Logged
DougMacG
Power User
***
Posts: 8675


« Reply #959 on: October 15, 2016, 12:17:37 PM »

Associated Press WASHINGTON

"The government ran a $587 billion budget deficit for the just-completed fiscal year, a 34 percent spike over last year after significant improvement from the record deficits of President Barack Obama's first years in office."

"the government is borrowing 15 cents of every dollar it spends. Government spending went up almost 5 percent to $3.9 trillion in fiscal 2016, but revenues stayed flat at $3.3 trillion".  (No they didn't; revenues went down a smidgen.)

http://www.mcclatchydc.com/news/politics-government/national-politics/article108285582.html#storylink=cpy
-------------------------------------------------------------------------------------------------------------------------------------------------------

Republican House.  Republican Senate.  No tax increases repealed.  No programs de-funded.  Not because they agree with Obama and his priorities but because they, the Republican establishment in Washington, wanted to make no waves in order to take back the White House in 2016.  How is that strategy working out for them?

I wonder if the growth surge coming from government 'investments' in solar Solyndra, Cash for Clunkers and Shovel Ready Projects never materialized...

Can someone name the nations that created great prosperity by having the government eat up the private sector?  Or the places around the world and throughout history that expanded prosperity by limiting personal economic freedom?  Once again, who could have know this would backfire?
Logged
ccp
Power User
***
Posts: 6908


« Reply #960 on: October 15, 2016, 12:44:22 PM »

"I wonder if the growth surge coming from government 'investments' in solar Solyndra, Cash for Clunkers and Shovel Ready Projects never materialized..."

Hill wants to make us a clean energy power house.

millions and millions of solar panels and windmills on every square meter of land "might" actually do it. 
Logged
DougMacG
Power User
***
Posts: 8675


« Reply #961 on: October 15, 2016, 12:57:57 PM »

"I wonder if the growth surge coming from government 'investments' in solar Solyndra, Cash for Clunkers and Shovel Ready Projects never materialized..."

Hill wants to make us a clean energy power house.

millions and millions of solar panels and windmills on every square meter of land "might" actually do it.  

Paraphrasing Milton Friedman on government 'investments', investments that don't pay for themselves aren't worth making.  If these ideas make economic sense they don't need public subsidy in a free economy.

Also, there is the duck curve, we need far more energy produced at some times as compared with others:
http://dogbrothers.com/phpBB2/index.php?topic=1096.msg97479#msg97479
http://dogbrothers.com/phpBB2/index.php?topic=1096.msg97507#msg97507


Investing more in wind and solar provides more energy only during the times of the day and year when there is wind and solar, leaving even bigger gaps to fill during the other times.

It was fracking, a private sector program, that reduced our CO2 emissions.  Natural gas is close to 40% cleaner with carbon than coal.  Nuclear is the cleanest with carbon emissions at zero but scales up and down with the above demand curve the worst.   No one has fully thought this through, which is surprising when the proposal is always to move to a centrally planned economy.
« Last Edit: October 15, 2016, 01:01:41 PM by DougMacG » Logged
ccp
Power User
***
Posts: 6908


« Reply #962 on: October 16, 2016, 06:52:56 AM »

I thought Presidential Libraries were all privately funded.  Why would the National Archives fund this with the cat overseeing the hen house?  We are paying for his cigar pad too?

https://www.yahoo.com/news/m/7cc0b8fb-ffa0-37be-8ccb-ec202757ad9b/ss_bill-clinton%E2%80%99s.html
Logged
ccp
Power User
***
Posts: 6908


« Reply #963 on: October 17, 2016, 05:14:55 PM »

government unions holding the rest of the citizenry hostage:

http://www.nationalreview.com/corner
Logged
ccp
Power User
***
Posts: 6908


« Reply #964 on: October 19, 2016, 04:16:35 PM »

Can anyone explain why so many government programs are "over budget".

If a company wins a bid to build something for a proposed amount then why are taxpayers forced to pick up the tab when they botch estimates?

If a company knows they can push the over budgets to the Gov then what is incentive to keep cost down?
I just don't understand the process.
https://www.washingtonpost.com/news/checkpoint/wp/2016/10/18/report-proposes-slashing-u-s-aircraft-carriers-investing-in-lasers-to-combat-russia-and-china/
« Last Edit: October 20, 2016, 11:13:40 AM by Crafty_Dog » Logged
ccp
Power User
***
Posts: 6908


« Reply #965 on: October 28, 2016, 09:47:16 AM »

Bill Gate's net worth of 90 billion could help 8.5 million people immediately:

http://www.njspotlight.com/stories/14/08/11/explainer-why-state-s-unfunded-liability-for-retirees-is-90-billion-and-rising/
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #966 on: November 01, 2016, 01:29:33 AM »

Zero interest rate policies have hurt pension funds ability to earn a decent ROI.
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #967 on: November 09, 2016, 09:45:18 PM »

https://www.washingtonpost.com/news/wonk/wp/2016/09/16/this-chart-shows-how-trumps-penny-plan-would-add-up-to-huge-budget-cuts/
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #968 on: November 10, 2016, 01:37:00 PM »

Obama’s Fiscal Legacy
The President’s luck is about to run out—on his successor’s watch.
U.S. President Barack Obama ENLARGE
U.S. President Barack Obama Photo: Getty Images
Updated Nov. 9, 2016 12:04 a.m. ET
258 COMMENTS

Congratulations to the President-elect, whoever you are, because you’re going to need it. Our deadline arrived Tuesday before we knew the election outcome, but not before we can say with confidence that President Obama is leaving his successor a large and growing federal budget problem.

That’s the message in the Congressional Budget Office’s summary, released Monday, of the fiscal year that closed in September. Though the subject barely came up in the campaign—little policy substance did—the federal fisc is once again heading for trouble. There are some lessons in this for the next President, who will quickly realize that Mr. Obama’s fiscal luck has finally run out—on his successor’s watch.

One lesson is that the days of easy deficit reduction are over. The annual deficit in 2016 rose for the first time in three years—by $148 billion to $587 billion. That’s 3.2% of GDP, up sharply from 2.5% last year. Mr. Obama has been able to ride falling defense spending from reduced military deployments overseas, but Pentagon outlays were flat in 2016. Military spending will probably have to increase in future years, no matter who wins Tuesday, to meet the growing challenges from Russia, China and Iran.

Mr. Obama will also leave town having failed over eight years to do anything to slow the booming burden of Social Security, Medicare and Medicaid. Outlays for those three programs grew by $75 billion last year, or about 4.2%. They now account for 10% of the entire U.S. economy, the highest level ever, and rising.

The President’s main contribution has been to put Medicaid on hyperspeed by expanding its coverage through ObamaCare. CBO’s budget gnomes report that Medicaid spending has climbed by nearly 40% in a mere three years—to $368 billion in 2016. That doesn’t include what the states are obliged to chip in.

Another lesson is that faster economic growth is essential to a healthier fisc. One reason for the deficit rebound in 2016 is that federal revenues increased by a mere $18 billion or less than 1%. Individual income-tax receipts were flat, while corporate income taxes fell by $44 billion or 13% as business profits sagged. This is what happens when the economy sputters at about a 1% growth rate for most of a year.

Growth that slow couldn’t keep up with spending that increased 4.5% or $166 billion in 2016. Federal outlays were 20.9% of the economy for the year, up from 20.4% in 2014. A Republican Congress has kept that figure down from the heights of the Obama-Nancy Pelosi stimulus, but it is now set to take off again as more Baby Boomers start collecting Social Security and Medicare. (Millennials, get ready to pay even higher taxes throughout your working life.)

The tragedy is that Mr. Obama spent his political capital not on growing the economy but on growing entitlements and raising costs for business via regulation. The next President needs to make faster economic growth the policy default, or every other political priority will be hard or impossible to meet. The deficit burden will get worse faster.

The final major lesson is that the next President can’t count on the continuation of low interest rates. The Federal Reserve has been Mr. Obama’s best friend not named Chief Justice John Roberts as its monetary policies have helped finance a record debt blowout at lower cost. Mr. Obama issued more Treasurys than any President in history, and the Fed bought $1.7 trillion worth from 2009-2014. That helped guarantee there wouldn’t be a shortage of demand.

This era may be ending as a new President takes office. The Fed may raise rates in December, and bond yields have been rising. Outlays for net interest on the debt increased by $23 billion or 9% in 2016, largely due to faster inflation. But inflation is still tame. If it begins to rise, the debt-financing burden will explode with more than $14 trillion of Treasury debt outstanding, much of it short-term. In January CBO said that if interest rates are 100 basis points above their projections each year for the next decade, the Treasury will have to pay an average of more than $160 billion per year.

None of this adds up to an immediate crisis, but it does illustrate the degree of President Obama’s abdication. He has been the ultimate free-lunch politician, handing out new entitlements, exploiting the post-crisis era of low rates to grow the debt, and passing the bucks to the grandkids.

Mr. Obama once quipped in a meeting with Senators, only half seriously, that he couldn’t fix entitlements on his watch because he had to leave something for his successors. Too bad he’s done nothing except make the problem worse. It’s all yours, President-elect.
Logged
ccp
Power User
***
Posts: 6908


« Reply #969 on: November 11, 2016, 07:50:43 AM »

Since the Smithsonian is afterall a National Federal museum I put in this thread:

http://cnsnews.com/news/article/penny-starr/smithsonians-response-lawmakers-criticism-clarence-thomas-museum-omission
Logged
ccp
Power User
***
Posts: 6908


« Reply #970 on: December 06, 2016, 10:56:54 AM »

If Boeing or other contractor knows they can just add more costs along the way then what good is contracting a price at the start with them?  Then anyone can make a low ball bid knowing full well they can tag the government for more later.  I really don't get it.  Why do we the taxpayers have to take this shit?

It takes 8 yrs to build an airforce one?  The whole thing stinks.

https://www.yahoo.com/finance/news/trump-heads-back-road-thank-083638064.html
Logged
ccp
Power User
***
Posts: 6908


« Reply #971 on: December 10, 2016, 03:03:05 PM »

Slash SS benefits for nearly everyone who has earned it , just not those who have not:    cry

https://www.yahoo.com/finance/news/gop-introduces-plan-to-massively-cut-social-security-222200857.html
Logged
DDF
Power User
***
Posts: 760


« Reply #972 on: December 10, 2016, 04:48:59 PM »

If Boeing or other contractor knows they can just add more costs along the way then what good is contracting a price at the start with them?  Then anyone can make a low ball bid knowing full well they can tag the government for more later.  I really don't get it.  Why do we the taxpayers have to take this shit?

It takes 8 yrs to build an airforce one?  The whole thing stinks.

https://www.yahoo.com/finance/news/trump-heads-back-road-thank-083638064.html

I've worked in the industry for years. It gets worse when you realize that Boeing will fine suppliers MILLIONS of dollars for stopping their automated line. They build an aircraft in nine days.

Edit: I'll add, Airbus (which I have also worked with), is a POS.

https://www.wired.com/2016/09/boeing-builds-737-just-nine-days/
« Last Edit: December 10, 2016, 04:51:02 PM by DDF » Logged

Do not fear going anywhere, nor doing anything. You will die where you are supposed to.
ccp
Power User
***
Posts: 6908


« Reply #973 on: December 23, 2016, 03:28:41 PM »

Can anyone tell me why and how student loans are tied to social security?
Amazing how the colleges and universities are not on the hook for the money with all they make and bill us for.  And then they have a huge cohort of these professors who turn around and bash this country.


https://www.yahoo.com/news/social-security-checks-being-reduced-001300347.html
« Last Edit: December 23, 2016, 07:05:44 PM by ccp » Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #974 on: December 31, 2016, 01:09:22 PM »

http://dailysignal.com/2016/02/08/maine-required-childless-adults-to-work-to-get-food-stamps-heres-what-happened/?utm_source=TDS_Email&utm_medium=email&utm_campaign=Top5&mkt_tok=eyJpIjoiTmpobE9EQXlNR013T0RCayIsInQiOiJjSVBRSE1mZDhJckxlWXZiNVR6MzB0dDJWd1wvaTEzQ002QVpvN2lSWUMwZmJCRm1CQk5nR29IeDVlWVwvV0czclNNb2p5bEMzNUhuVk1DbDdYRmdETjQzanpJZkJoc0lDTkZWdWpwMFwvUTJKekNOajdNOEo1akEyUElJQUNVc3E0WSJ9
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #975 on: January 03, 2017, 12:16:30 PM »

Watch the Spending To view this article, Click Here
Brian S. Wesbury, Chief Economist
Robert Stein, Deputy Chief Economist
Date: 1/3/2017

President-elect Trump wants a Race Horse Economy, not a continuation of the Plow Horse we've had for the past several years.

Out of all of his proposals, the one that should help the economy the most is corporate tax reform, in particular a big cut in the tax rate on profits to 15% or 20% from 35% at present. Typically, corporate profits are subject to two layers of tax: first, when the company earns the money; second, when that same money flows to shareholders in the form of dividends or capital gains.

So, for example, a dollar of pre-tax profits is reduced to 65 cents at the corporate level and then 49.5 cents if the profits are distributed to high-earning taxpayers. (The 65 cents are taxed at a 23.8% rate, including the Obamacare-surcharge.) In effect, these earnings face an effective tax rate of just over 50% (not even considering state income taxes), likely on the wrong side of the Laffer Curve.

In addition, cutting the top tax rate on regular income should help spur economic growth, as many entrepreneurs and partnerships face very high tax rates as well. Lower tax rates will support a game-changing build-out of domestic energy infrastructure.

But tax policy isn't the only fiscal game in town. Investors need to watch government spending as well. Cutting taxes without getting control of government spending is not a recipe for long-term economic growth. Instead, reducing spending will help entrench expectations that lower tax rates would remain in place.

Every dollar the government spends ultimately has to be paid for by taxpayers, either through taxes today or debt, which simply obligates future taxpayers to make payments to bondholders. Either way, there's no free lunch.

Spending hit a 30+ year low in 2000 at 17.6% of GDP. Now federal spending is at 20.9% (and that doesn't include how Obamacare shifts public spending to private insurers, the true cost of student loans, but does include payments from Fannie Mae and Freddie Mac). We see the heavier load of government as the overweight jockey weighing down the private sector, preventing it from moving faster.

In the next year or so, we'll be looking for entitlement reforms that reduce long-term spending commitments in Obamacare and Medicaid as well as reductions in non-defense "discretionary" spending.

Back in the 1980s, President Reagan not only cut taxes but cut spending relative to GDP as well. President Clinton also cut spending. By contrast, spending went up during the presidencies of both Bushes and under President Obama as well.

So far, President-elect Trump has talked a good game on taxes but has been sending mixed signals on spending. Investors need to pay attention to both.
 
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #976 on: January 18, 2017, 07:16:52 PM »

A “Trumpian” Approach to Balancing the Budget
The following is adapted from my January 17th speech at the Heritage Foundation, which can be viewed in full here.
As a candidate, Donald Trump repeatedly stated that balancing the budget would be a goal of his administration.
 
Many so-called experts have dismissed the idea that he can actually achieve this goal as president.   As usual, the experts have it wrong.  In fact, President Trump’s focus on the fundamentals of the economy and the government will shrink the deficit and balance the budget.

To use a sports analogy, Bill Walsh, the former head coach of the San Francisco 49ers, never focused on the score of the game. His focus was always on getting his players to perfectly execute their plays. If every play was perfectly executed, he believed the score would reflect the team’s actions.

This same principle holds true for balancing the budget. If Trump’s policies are implemented, the result will be a balanced federal budget.

I say this with some authority. As Speaker of the House, we achieved four consecutive balanced budgets. In the four years before I became Speaker, the combined deficit was more than a trillion dollars! Starting in fiscal 1998, we achieved a surplus of $559 billion.

How did we balance the federal budget?

We balanced the budget by focusing on the fundamentals of the economy and the government.

We cut capital gains. Our capital gains tax cut was very successful, and people responded positively to it. This was key to accelerating investment and to expanding small businesses – leading to more tax revenue.

We reformed welfare. Welfare reform not only put millions of people back to work, it also led to the largest decline in child poverty in American history.
We also enacted major reforms to communications regulations which played a role in the explosion of the telecommunications industries, including mobile phone technology and e-commerce.

All of this strengthened the dollar and resulted in lower interest rates.

The combined impact of these and other policy changes led to reduced spending and more federal revenue. That is how we balanced the budget when I was Speaker, and this is how President Trump, working with Speaker Ryan and Leader McConnell can do it again.

Here is what a “Trumpian” approach to balancing the budget would look like.

•   According to Jim Frogue in his book, Stop Paying the Crooks, if President-elect Trump’s team brought in American Express, Visa, and MasterCard to replace the Centers for Medicare & Medicaid Services (CMS) payment bureaucracy, the government could save $1 trillion in fraud over a decade.

•   Applying this same principle to food stamps and disabilities, the government could save another $50 billion a year. If we apply this to the VA and TRICARE, the changes could be immense.

•   We must insist on health information technology interoperability to save lives and reduce costs.

•   We must create a public-private partnership for reaching Mars and the moon - we have to get into space faster for less. This will work if we redesign NASA and create public-private partnerships with entrepreneurs eager to make these exciting achievements happen.

•   We must liberate federal lands for energy, mineral, and other development reflecting the original sense of America as a land of opportunity. We must protect our national parks and truly sensitive environments, but also recognize, for example, that the federal government owning 82% of Nevada deprives Americans of opportunities. These policy changes would generate more than $200 billion a year, or over a trillion a decade.

•   Finally, we must bring American money back home. A five percent, one-time repatriation for the $2 trillion in profits locked up overseas could yield $100 billion in revenue and a substantial increase in investment in the U.S. The revenue from this growth would move us toward a balanced budget and create more jobs.

These are just a few examples. On almost every front, the current policies and bureaucracies are so inefficient and out of touch with 21st century capabilities that the potential is enormous for a less expensive federal government leading to a dramatically bigger American economy with far higher incomes.

This is the path to a Trumpian balanced budget. It will be a consequence of the right policies to spur economic growth and make our government operate more efficiently and effectively.

I will continue my‘Understanding Trump and Trumpism’ series this Thursday, January 19, 2017 at 8am ET. The speech will be streamed live on Facebook and transcript and video will be made available at Gingrich Productions and The Heritage Foundation following the presentation.

Your Friend,
Newt
 
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #977 on: January 19, 2017, 08:46:17 AM »

http://thehill.com/policy/finance/314991-trump-team-prepares-dramatic-cuts?utm_source=&utm_medium=email&utm_campaign=5779
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #978 on: January 20, 2017, 12:54:24 AM »

http://www.motherjones.com/environment/2017/01/obama-500m-green-climate-fund
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #979 on: January 23, 2017, 05:33:26 PM »

http://thehill.com/homenews/senate/315537-trump-gop-set-to-battle-on-spending-cuts
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #980 on: February 28, 2017, 01:57:20 PM »

http://thehill.com/homenews/administration/321605-trump-pitches-37-percent-cut-to-state-budget-reports
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #981 on: March 15, 2017, 06:31:21 PM »

http://www.dailywire.com/news/14454/7-times-congressional-budget-office-got-its-aaron-bandler?utm_source=dwemail&utm_medium=email&utm_content=031517-news&utm_campaign=position6
Logged
DougMacG
Power User
***
Posts: 8675


« Reply #982 on: March 17, 2017, 10:28:29 AM »

https://www.bloomberg.com/graphics/2017-trump-budget/

Wow.  My thought during the tea party rising was that tax cutting had been a good try at cutting government, but what all smaller govt advocates should be able to agree on is CUT SPENDING FIRST.

But Republicans never can from out of power then never do when in power.

And then along comes Trump.

Is this a negotiating ploy or is it a budget.  Maybe we can pass it to find out what's in it.

They said no program has ever been cut or ended.  That was before Obama.  Now we have programs for the advancement of Muslims in NASA.  Programs HAVE to be cut.
Logged
ccp
Power User
***
Posts: 6908


« Reply #983 on: March 17, 2017, 10:38:25 AM »

"But Republicans never can from out of power then never do when in power."

Time will tell.  But every time I hear anything from Ryan I get more and more disappointed.

Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #984 on: March 17, 2017, 11:17:07 AM »

Obama's budgets went down with numbers like 98-0, 98-0, 97-1, etc.  This one will be no different, though it does serve to make a dramatic point , , , which is being countered with "He's cutting Meals on Wheels for Seniors!"

Concerning which, it would appear that all is not as portrayed.  How rare , , ,

http://www.dailywire.com/news/14515/fake-news-did-trump-just-kill-meals-wheels-not-ben-shapiro?utm_source=shapironewsletter&utm_medium=email&utm_content=070516-news-title&utm_campaign=lead
« Last Edit: March 17, 2017, 12:01:29 PM by Crafty_Dog » Logged
DougMacG
Power User
***
Posts: 8675


« Reply #985 on: April 10, 2017, 12:55:54 PM »

Why government programs fail...

https://www.cato.org/policy-report/novemberdecember-2014/why-governments-fail-why-ideas-matter

By Donald J. Boudreaux

In a famous Sidney Harris cartoon, a senior professor reviews a long and complicated mathematical proof that a younger colleague has written on a chalkboard. Pointing calmly at part of the proof, the elder scholar tells the younger “I think you should be more explicit here in step two” — a step that appears on the chalkboard as “Then a miracle occurs.”

This witty depiction of an unscientific means of reaching a conclusion sadly describes an actual step in the reasoning of far too many people who call for government intervention. People identify a problem in reality and then demonstrate how that problem can be “solved” by government. But far too many such demonstrations feature a “then a miracle occurs” step. This step is the assumption that politicians and other government agents are superhuman — that when they are elected or appointed to political office, they are miraculously transformed into beings consistently more altruistic, knowledgeable, and wise than are business executives, consumers, and other people who operate only in the private sector.
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #986 on: April 11, 2017, 08:58:12 AM »

Obama’s Debt Interest Bomb
Rising interest payments are already showing up in the federal fisc.
Federal Reserve Chair Janet Yellen
Federal Reserve Chair Janet Yellen Photo: yuri gripas/Reuters
April 10, 2017 7:11 p.m. ET
413 COMMENTS

President Obama left his successor many time bombs—think chemical weapons in Syria and the collapsing Affordable Care Act. But a burning fuse that gets less attention showed its first signs of the explosion to come in Friday’s Congressional Budget Office budget review for March: Rising net interest payments on the national debt.

CBO reported that the federal budget deficit rose $63 billion in the first half of fiscal 2017 (October-March) to $522 billion from a year earlier. But here’s the especially bad omen: Net interest payments rose $7 billion, or 30%, in March from a year earlier.
The Fed's Budget BonusFederal Reserve remittances to theU.S. Treasury, 2007-2016, in billions ofdollarsSource: Federal ReserveNote: 2015 not including $19.3 billion payment from Fedcapital surplus mandated by the FAST Act.
2008’10’12’14’160255075100$1252014x$96.9

If that seems small, consider that interest payments rose $28 billion for the six months of fiscal 2017 to $152 billion. That’s a 22.2% increase, among the biggest in any single spending item highlighted by CBO. The increases reflect the growing debt but in particular the Federal Reserve’s decision to raise interest rates after years of near-zero rates.

While Mr. Obama was doubling the national debt over eight years, the Fed’s monetary policies spared him from the fiscal consequences. The Fed’s near-zero policy kept interest rates at historic lows that reduced net interest payments even as the overall debt increased. The Fed’s bond-buying programs also earned money that the Fed turned over to Treasury each year, reducing the size of the federal budget deficit by tens of billions of dollars.

This not-so-free Fed lunch is starting to end. CBO estimates that $160 billion more spending will be required each year over the next decade if interest rates are merely one percentage point higher than in its current projections. As interest rates rise, the Fed will also have to pay banks more to keep excess reserves parked at the central bank. After its latest rate increase in March, the Fed now pays banks 1% on reserve balances or about $20 billion a year, and that will go up.

Fed officials are also now hinting that this year they may finally stop buying new securities when the current bonds on its balance sheet come due. This is necessary and long overdue, but it will mean smaller Fed contributions to the federal budget than the more than $90 billion the Fed has turned over in recent years. (See the nearby chart.)

All of this is set to explode on President Trump’s watch, and it will complicate the task for Republicans as they try to reform the tax code within tighter budget constraints.

Mr. Obama didn’t expect a Republican to succeed him but we doubt he regrets this result. He was able to live off the eight years of accommodative Fed policy while seeding the federal fisc with ever-higher spending from interest payments and the Affordable Care Act after he leaves office. Mr. Trump is stuck with the bar tab. It’s one more mess Mr. Obama left others to clean up.
Logged
Crafty_Dog
Administrator
Power User
*****
Posts: 39800


« Reply #987 on: April 20, 2017, 11:32:22 PM »



https://ricochet.com/422290/problem-no-one-dc-wants-talk/
Logged
Pages: 1 ... 18 19 [20] Print 
« previous next »
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.21 | SMF © 2015, Simple Machines Valid XHTML 1.0! Valid CSS!