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An already grim fiscal outlook grew worse in the Congressional Budget Office’s (CBO) update to its Budget and Economic Outlook for 2019 to 2029.

The decision announced today in favor of the Department of Defense (DOD) in the U.S. Court of Federal Claims case challenging the $10 billion Joint Enterprise Defense Infrastructure contract likely means that it will be awarded shortly to a single vendor. 

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. 

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.”

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 games to reach that mark).  While this is surely not the ending “Jeopardy James” had hoped for, he still goes home with just under $2.5 million.

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 years, including FY 2019, when legislators earmarked $1.8 billion for the JSF program, adding 18 aircraft above th

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 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 become insolvent by out in 2026.