With looming trillion-dollar deficits, it’s time for the federal government to learn a thing or two about budget process reform and other cost-savings measures from state governments. Fundamentally, the federal budget process is similar to state budgets in that they acquire revenue, mostly through taxes, and spend it in ways that legislators see fit. A […]
Even with the national debt at more than $22 trillion and trillion-dollar annual deficits beginning in fiscal year (FY) 2022, Congress continues full-speed ahead towards another fiscal disaster. This week’s poor spending decision comes from H.R. 2740, an appropriations “megabus.” According to the Congressional Budget Office (CBO), H.R. 2740 would appropriate $982.8 billion. That’s $61.5 […]
After 32 consecutive victories on the TV game show “Jeopardy,” James Holzhauer, a professional sports gambler from Las Vegas, Nevada, saw his incredible winning streak come to an end. Finishing with $2,462,216 in total prize money, James fell just $58,484 short of the all-time record set by Ken Jennings in 2004 (it took Jennings 74 […]
On May 20, 2019, the House Appropriations Committee released its report to accompany the Department of Defense (DOD) appropriations bill for fiscal year (FY) 2020. The report provides funding for 90 F-35 Joint Strike Fighter (JSF) aircraft, 12 more than was requested by the Department of Defense (DOD). This follows the established trend in recent […]
The House Appropriations Committee released its report to accompany the Department of Defense (DOD) Appropriations bill for fiscal year 2020. Included in the report is language that would restrict the expenditure of funds for the DOD’s Joint Enterprise Defense Infrastructure (JEDI) cloud procurement. The committee report prohibits funds from being “obligated or expended to migrate […]
The national debt stands at more than $22 trillion, with trillion-dollar deficits right around the corner. Entitlement spending continues to rise and is projected to make up 60 percent of spending for Fiscal Year (FY) 2020. Social Security will exceed its income in 2020 for the first time since 1982 and Medicare is set to […]
Citizens Against Government Waste (CAGW) presents its 2019 Pork-Barrel Madness bracket in honor of the NCAA tournament. The bracket features 32 of the worst pork-barrel earmarks of all time. Taxpayers will be able to vote on CAGW’s Twitter account @GovWaste. Voting on the first-round matchups begins on March 11 and the torunament will end on April 1.
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The $333 billion spending package that Congress has cobbled together to avoid the threat of a partial government shutdown contains lots of giveaways that go beyond keeping the government’s lights on. The legislation cancels a plan previously approved by President Trump – during the partial government shutdown – that would have blocked a scheduled pay […]
On January 28, 2019, the Congressional Budget Office (CBO) released its annual Budget and Economic Outlook for 2019 to 2029 and unsurprisingly, the United States’ fiscal outlook remains dreadful. CBO estimates a 2019 deficit of $897 billion, a $118 billion increase from 2018. Trillion-dollar deficits will resume in 2022 and reach all-time highs by the end of […]
One wonders if the “Force” is working against the Department of Defense (DOD) with its Joint Enterprise Defense Infrastructure project (JEDI). The contract bid request that by some estimates could reach $10 billion to build an enterprise-level commercial cloud solution, including Infrastructure as a Service and Platform as a Service, to support the all defense agencies […]
