Last year, the U.S. government made at least $162 billion in improper payments, according to a nonpartisan government watchdog. Kristin Kociolek of the Government Accountability Office also told a House oversight subcommittee that the government was defrauded of $233 billion to $521 billion per year between 2018 and 2022….(Read more)
The federal budget: Serious issues and u...
There are serious issues with America’s federal budget. Very serious issues. Where to begin? Let me first start with the process of budgeting, that process of drafting a plan for raising revenue and spending it. Congress often does not adopt a budget. In 2024, the House of Representatives passed a resolution; the Senate did not. […]
Trump-tapped federal budget-cutters Musk...
The Department of Government Efficiency has been much in the news since its creation was announced in mid-November by President-elect Donald Trump. Wealthy supporters Elon Musk and Vivek Ramaswamy, the co-chairmen of the advisory panel, are collecting ideas to right the nation’s finances. Good ideas are needed. The federal government spends $6 trillion annually, runs a $2 trillion deficit, and has piled up […]
Believe it or not the House Budget Commi...
The average person wold be forgiven for thing Congress is completely bungling budgeting… (Read more)
A happy 50th birthday for the congressio...
President Biden’s White House recently delivered to Congress its “Mid-Session Review” of the federal budget. The bottom line was bad: the deficit for 2024 is projected to be $1.87 trillion and the nation likely will be $37 trillion in debt by the end of the year. This news arrived just one week after the 50th […]
Congress won’t tackle the debt unless Am
Earlier this year, Gallup pollsters asked Americans how much they worry about the federal government’s deficit and debt. Seventy-seven percent worried about our nation’s red ink “a great deal” or “a fair amount.” This result was not unusual. Every year since 2011, between 63 and 87 percent of the individuals polled have said they were worried…. (Read more)