Federal employees postpone retirement due to ongoing savings shortfalls
Retirement Confidence Survey Insights How long have you served in federal employment, or are you considering doing so after retirement? Many of you might already be retired under the Federal Employees Retirement System (FERS). Before diving into what FERS entails, let’s examine key findings from the 2025 Retirement Confidence Survey. This survey, the longest of […]
How Newsom contributed to California’s ongoing budget shortfalls
Tucked away in the details of the state budget, a set of charts—known only to a select few finance enthusiasts—charts California’s revenue and expenditures over the past fifty years. A recent graph from Governor Gavin Newsom’s budget proposal for 2026-2027 underscores the rapid increase in spending during his tenure, soaring beyond modest population growth and […]
The Prosperity of Other Countries Relies on America’s Ongoing Budget Shortfalls
Will Trade Deficits Continue Forever? In the recent Breitbart Business Digest, we examined a summary from The Economist. It centers on the mistaken belief that the United States’ trade deficit purely reflects capital inflows, suggesting it’s a sign of confidence. However, our analysis shows that this perspective overlooks genuine domestic revenue outflows, which are only […]
Moody’s lowers US credit rating due to ongoing budget shortfalls
Moody’s Downgrades US Credit Rating Moody’s announced on Friday that it has downgraded the credit rating of the United States due to a persistent fiscal deficit, which is expected to worsen in the future. This downgrade shifts the US credit rating from AAA to AA1, marking one step down on Moody’s 21-notch scale. Interestingly, the […]
In the face of budget shortfalls, Gavin Newsom suggests $1 billion annually for high-speed rail.
California Governor Gavin Newsom (D) put forth a proposal on Wednesday that entails allocating $1 billion annually for the state’s high-speed rail project, even in light of a significant budget deficit. According to reports, his revised budget plan suggests cuts to a variety of programs to help offset a $12 billion deficit. He even hinted […]
White House says ICE will reduce removal and detention operations due to budget shortfalls
The White House announced Thursday that U.S. Immigration and Customs Enforcement will soon be “forced” to reduce operations at the southern border due to a lack of funding. Press Secretary Karine Jean-Pierre told reporters that because Republicans have not passed a bipartisan border security deal with funding for Israel and Ukraine, the administration is left […]