Jerome Powell, the chairman of the Federal Reserve, issued an ominous warning to lawmakers Wednesday that the federal budget is on ‘an unsustainable path.’
Wasteful items cited by Ernst include more than $600,000 on coloring books, $60,000 on key chains, $33,000 on snuggies, and $17,000 on koozies.
Republicans agreed to hundreds of billions in additional spending to ‘win’ something they already had. The bill will raise spending by nearly $2 trillion over the coming decade, most of that not paid for.
The United States, a debtor nation with a fiscal deficit pushing $22 trillion, can no longer be big daddy to the world and has to husband its resources more judiciously.
Given that Puerto Rico is just recently standing up better fiscal accountability, now is the time taxpayers need the Puerto Rico Oversight Board doing the job Congress gave them to do.
The president’s budget proposes we spend vastly more money for 15 years than we take in, and lead us to spending more in interest payments than we do on Social Security or defense.
Congressional salaries should be reduced every time a budget is passed with spending exceeding revenue, a firm cap on spending should be imposed, and entitlement reform should become an urgent priority.
Republicans may criticize Alexandria Ocasio-Cortez for proposing new spending, but the difference between her and most GOP members represents one of degree rather than of kind.
Actors want to boycott Georgia for the crime of electing a Republican governor. That would actually be a good thing for taxpayers, who are getting fleeced by stars who hate them.
The Trump tweet illustrates a much larger problem facing congressional Republicans: They don’t want to fight—about the wall, or about much of anything, particularly spending.
Going without air conditioning is my choice to live within my means without whining or demanding that other people pay my bills.
We agree with President Trump: a spending bill like the one passed this March must never happen again. Unfortunately, Congress currently is on a path to repeat that debacle.
If CBO and House Budget are blameless, and everything about this budget change occurred in an above-board manner, they seem to have a funny way of going about proving their innocence.
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