Yes, the problem is when you start throwing around numbers like $1.1T you it's easy to have a lot of waste and abuse. What every department should do is go through their budgets and cut out the waste.
The Unraveling Financialization Of The U.S. Economy By Howard Kunstler. Nobody in power in this country is paying attention to how close we are to that epic moment. Source 7p.
Another well written and thought provoking piece here. I'm sure KN knows more about this than I do. He was talking about a similar just a few days ago. But if half of what this gentleman says is true than we have dark times ahead and our society is totally unprepared to handle it. They think they are entitled, unlike my dad's society during the Great Depression who knew they were not entitled and struggle was what they had to do. If something like this were to come about the fall will come about quickly and struggle is what we'll have to do again. I'm ready for that if need be, but pray that times never comes.
Senate passes Republican-backed $4 trillion budget in crucial step for President Trump's ambitious tax plan. In a 51-49 vote, the Senate approved a GOP-backed $4 trillion budget that could dramatically overhaul the U.S. Tax code, cutting rates for individuals and corporations while clearing away trillions of dollars' worth of deductions and special-interest tax breaks. Ref. USAToday.
Economy grew at a solid 3.0% pace in the 3rd quarter despite hurricanes, down only slightly from 3.1% in the 2nd quarter. Economists had been expecting economic growth of 2.6% for the third quarter, according to Bloomberg. Ref. USAToday.
House approves short-term spending bill, Senate must approve before midnight Friday to avoid shutdown. The House approved legislation Thursday to fund the federal government through Dec. 22, putting the onus on the Senate to pass it before the money runs out at midnight Friday, forcing a government shutdown. The Senate was considered likely to pass the bill, and President Trump said he would sign it. Even so, the extension is so short that the pressure to come up with a long-term spending bill will continue unabated. Ref. USAToday.
As government shutdown looms, House GOP passes stopgap spending measure. House Republicans pushed through a stopgap spending bill Thursday evening, brushing off President Trump’s last-minute ambiguity about the deal and setting up what is likely to be a nail-biting Senate vote Friday to avert a government shutdown. Source 4o.
Government enters partial shutdown mode after Congress fails to agree on spending bill. The federal government's legal authority to spend money largely expired as of midnight Friday, forcing the Trump administration to prepare for a partial shutdown at least through the weekend. But officials hope the 2018 shutdown will be shorter and milder than the 16-day impasse in 2013. As the midnight deadline passed, lawmakers continued to scramble for a short-term spending deal to keep the government open. Ref. USAToday.