Biden’s border budget buster – Washington Examiner
The Congressional Budget Office has underestimated Medicaid spending by billions of dollars every year for some time now and a new law that reduced illegal immigration in Florida may explain why. Since 2000, the CBO has underestimated an average of $15 billion a year of Medicaid spending, while often overestimating Social Security and Medicare spending. […]
Biden’s busting budget – Washington Examiner
It has been a while since President Joe Biden claimed his policies have reduced the federal deficit. The contention has always been false to the point of absurdity. But the most recent Congressional Budget Office report on the government’s fiscal health should be the final nail in the coffin for any such argument. The CBO […]
Foreign Aid And Student Loan Forgiveness Behind Massive Increase In Deficit Estimate, Congressional Budget Office Says
America’s debt is growing faster than previously expected, largely due to actions taken by the Biden administration and recent legislation, according to the Congressional Budget Office (CBO). The United States’ projected deficit is $1.9 trillion for the 2024 fiscal year, $400 billion higher than it was projected to be in February, the CBO announced Tuesday. […]
Why is this year's budget request cutting the Space Force?
The Department of Defense has released its fiscal year 2025 budget request, and some are calling for cuts. The Pentagon’s $825 billion request is a 1 percent increase over 2024, with budgets for all but one of the military branches increasing. The Air Force budget and intelligence pass-through both increased by 2 percent, while the […]
California Democrats reject budget cuts proposed by Newsom as new fiscal year approaches
In the Golden State, Democrats in the legislature are pushing forward with their ways to cut the budget after rejecting proposals from Gov. Gavin Newsom (D-CA), even as discussions continue. California lawmakers have been in a race to pass a balanced budget ahead of the new fiscal year to avoid a shutdown. However, which cuts […]
Gavin Newsom’s Budget Slashes Public Safety Funding, Expands Climate Programs Amid Massive Budget Deficit
Democratic Gov. Gavin Newsom of California proposed cutting from the state’s public safety budget to address a $27.6 billion fiscal deficit while also expanding climate-related programs. Newsom proposed revisions to the 2024-25 fiscal budget in May which cut $80 million from the Department of Corrections and Rehabilitation (CDCR) and $15 million from Department of Justice […]
London Breed’s budget proposal could put nonprofit groups on chopping block
San Francisco nonprofit groups are sounding the alarm after Democratic Mayor London Breed’s newest budget proposal threatens to leave many of them out in the cold. Breed’s plan, which was released last week, attempts to close a nearly $800 million two-year deficit while making good on campaign promises to beef up the city’s police department, […]
Immigration surge could add to Social Security coffers, budget chief tells lawmakers
“We project that the immigration surge from 2021 to 2026 will generate roughly $1 trillion in additional revenue over 10 years,” Congressional Budget Office (CBO) Director Philip Swagel told lawmakers at a hearing on Tuesday. Members of the House Ways and Means Committee on Social Security convened to examine the current financial status and projections […]
Pritzker says budget passed early morning because ‘everybody wanted to go home’
(The Center Square) – Illinois Gov. J.B. Pritzker is heralding a budget that Republicans say was crammed down taxpayers throats in the dead of night. After the Senate approved the state budget package late in the evening Sunday, the House took the measure up in the early morning hours Wednesday. The measure spends $53.1 billion […]
Major Shift In Wisconsin Court Could Allow Unions to Wreak Havoc On State’s Budget Once Again, Experts Say
Experts told the Daily Caller News Foundation that the lawsuit could overturn longstanding state laws that have successfully balanced Wisconsin’s budget at the expense of reining in public employee unions. Member of Parliament passed it In 2011, Wisconsin passed the Wisconsin Budget Repair Act (also known as Act 10) to reduce the state’s budget deficit, […]