According to the federal government’s website USASPENDING.gov, as of June 30, 2021, the federal government is spending $7.7 trillion, yet the government only brings in about $3.42 trillion per year. Last year, the federal government spent $3.13 trillion more than… Read More ›
Federal Budget
Congressional earmarks may be rearing their ugly head once again
Democrats and many Republicans in Congress have agreed to restore corrupt, costly, and inequitable Congressional earmarks. Earmarks are the most wasteful practice in Congressional history. They have resulted in members of Congress squandering $392.5 billion in taxpayer funds since 1991… Read More ›
$3T in more spending by Biden admin in the works ($18,000 per federal income tax paying American)
As part of President Biden’s Build Back Better, another $3 trillion is reportedly now in the works on top of the $1.9 trillion that was just approved earlier this month with the American Rescue Plan. The $3 trillion would come… Read More ›
U.S. House version of $1.9 trillion stimulus to be officially presented on Monday and includes $1,400 payments to Americans
At 1PM on Monday, February 22, 2021, the U.S. House will present the American Rescue Plan Act of 2021 and House Speaker Nancy Pelosi hopes to have a vote in the U.S. House by the close of next week. The… Read More ›
Federal taxpayers to fund more stimulus today when Congress votes on large spending bill
While stimulus has been the most talked about a vote on spending for Congress to approve, few realize President Trump had to sign a 24 hour stop gap measure last night to keep the federal government running as it technically… Read More ›
Libertarian Jo Jorgensen would cut spending like it’s 1945
The national debt will explode if either Joe Biden or President Trump is elected. But disaster can be averted if Libertarian candidate Dr. Jo Jorgensen becomes our next president. The federal government has already amassed $216,000 in debt per person—every… Read More ›
Libertarian Party: Trump’s ‘revenue neutral’ tax proposal is taxpayer negative
Nicholas Sarwark, Chair of the Libertarian National Committee, released the following statement today, May 1, 2017: American taxpayers get to take home just 54 cents on every dollar they earn, while federal, state and local governments take the other 46… Read More ›
Trump is out with his 2018 budget proposal
Washington, D.C. — This morning, March 16, 2017, President Trump made public his 2018 budget proposal which includes cuts in many agencies and increases in others. While the federal deficit is around $600 billion and the federal debt sits at… Read More ›
Medicaid is a ticking time bomb
The burden of government spending is already excessive. But the numbers will get worse with the passage of time if policy is left on autopilot. The main culprits are the so-called mandatory programs. Entitlements such as Social Security, Medicare, Food… Read More ›
The Growing Crisis of Excessive and Unfunded Retirement Benefits for State and Local Bureaucrats (and a Libertarian Quandary) — International Liberty
I’ve written (some would say excessively) about the fact that America has too many bureaucrats and that they’re paid too much. That’s true in Washington. That’s true at the state level. And it’s true for local governments. But since I’m… Read More ›