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Total US Government Spending, Deficit and Debt - plus Charts Analysis
Christopher Chantrill (@chrischantrill) is a writer and conservative, and author of Road to the Middle Class. He runs usgovernment spending.com, the go-to resource for government finance data, is a frequent contributor to the American Thinker. He lives in Seattle, Washington.
government  budget  economy 
6 hours ago by briangrimshaw
هشدار در مورد پرداخت نشدن بودجه اقلیم کردستان در صورت عدم تحویل نفت به بغداد - خبرگزاری کردپرس - kurdpress.com
March 18, Kurdish MPs in Baghdad warn budget payments will stop if KRG doesn't turn over oil to SOMO, but a KDP MP says Baghdad can't cut them off completely
KRG  Budget  economy  salaries 
13 hours ago by insideiraqipolitics
Tips For Completing A Kitchen Redesign On Time And Within Budget
When starting a home improvement project such as redesigning your kitchen, the last thing you want is to go over budget. Check out these tips for completing a kitchen redesign on time and within your budget.
kitchen  kitchen-redesign  budget 
4 days ago by Adventure_Web
Trump’s budget request slashes retirement benefits for 2 million federal workers
President Donald Trump’s grand vision for America in 2020 can be summarized this way: spend billions more dollars on the US military and immigration enforcement; cut billions of dollars from the social safety net. And do nothing to close the $1 trillion deficit Republicans created with their 2017 corporate tax cuts.

The president’s 2020 budget proposal, which he released Monday, managed to anger everyone from retirees to childhood cancer researchers. It also angered millions of federal employees and retired government workers, who would see their pensions cut under the president’s budget request.

Randy Erwin, president of the National Federation of Federal Employees labor union (NFFE), blamed Trump for trying to make federal workers pay for the 2017 tax cuts, which disproportionately benefited the wealthiest Americans.

“President Trump again sacrifices the middle-class families on behalf of the wealthy through his proposed pay freeze and needless cuts to earned benefits for federal workers,” Erwin said in a statement released Monday. “We saw during the 35-day shutdown earlier this year that many federal workers live paycheck to paycheck.”

The proposal would cancel cost-of-living increases to pension income for retirees in one program, and would lower the annual adjustment to another pension program by 0.5 percent. The budget also scraps certain retirement benefits for employees who stop working before they are eligible for Social Security.

Current federal employees would also end up paying more for their retirement benefits, without getting anything in return.

All in all, the president wants to cut $148.9 billion from employee pensions in the next decade — roughly $75,000 per federal worker, according to NFFE. And it’s not a small workforce, either: The US government is the largest employer in the country, with 2.1 million civilian employees. The vast majority of them live outside the Washington, DC, area.
usa  government  economics  budget  DonaldTrump  retirement  politics  from instapaper
5 days ago by jtyost2
The GOP’s deeply flawed paid family leave plan, explained
Republicans in Congress are trying to revive a flawed plan to give working parents paid maternity and paternity leave.

Sens. Joni Ernst (R-IA) and Mike Lee (R-UT) announced details of their proposal Tuesday, called the Cradle Act, which they describe as the best option for paid leave because it doesn’t create “a massive mandated government program.”

But the truth is, it’s not paid leave at all. It’s another version of unpaid leave that working parents in the United States would have to fund themselves.

Here’s how it would work: The Cradle Act would let workers access some of their Social Security retirement income in advance to make up for some of the wages they would lose when taking parental leave. Workers would still bear the cost of taking time off — by delaying their retirement by twice as many months as they took off for parental leave. Someone who takes the maximum three months off, for example, would need to delay their Social Security retirement by six months.

The bill is nearly identical to a bill Sen. Marco Rubio (R-FL) proposed last year, called the Economic Security Act for New Parents, with support from White House adviser Ivanka Trump. They didn’t get enough bipartisan support for it, so it went nowhere.

Now the GOP is trying to resurrect a slightly different version of the same plan, hoping it will satisfy the growing public demand for a federal paid leave program.

The United States is the only industrialized country that doesn’t guarantee paid parental leave to working parents, and Republicans and Democratic voters overwhelmingly support the creation of such a program. The problem is that no one seems to agree on how to pay for it, and Republicans don’t want to make businesses chip in.

Instead, the Cradle Act would raid the Social Security Trust Fund, which is already at risk of being depleted. Ernst and Lee say their plan will address that by moving money from other parts of the budget to cover the borrowed Social Security funds until they are repaid — a move that would likely expand the already ballooning budget deficit.
politics  republicans  government  usa  budget  socialsecurity  familyplanning  economics  from instapaper
5 days ago by jtyost2
Trump's budget would end student loan forgiveness program and slash repayment options
President Donald Trump's budget proposal unveiled on Monday would slash funding for the U.S. Education Department by more than 10 percent.

The plan, titled "A Budget for a Better America," requests $62 billion for the Department of Education, or $7.1 billion less than the agency's allowance in 2019.

The budget eliminates subsidized student debt, in which interest doesn't accrue on the loans while borrowers are in school or in economic hardship. It also reduces the number of repayment plans for borrowers and scratches the popular, if challenged, public service loan forgiveness program.
usa  education  government  budget  DonaldTrump  studentloans  college  from instapaper
5 days ago by jtyost2
Trump Proposes a Record $4.75 Trillion Budget - The New York Times
The budget seeks to cut more than two dozen programs, including a popular after-school program for many low-income students. It would eliminate higher-education programs, like the Public Service Loan Forgiveness program and subsidized federal Stafford loans, and reduce work-study funding as officials tweak the program to offer more career-oriented jobs for low-income students.
budget 
5 days ago by brycecovert
Trump said he wouldn’t cut Medicaid, Social Security, and Medicare. His 2020 budget cuts all 3.
President Donald Trump’s 2020 budget breaks one of his biggest campaign promises to voters: that he would leave Medicaid, Social Security, and Medicare untouched.

“I’m not going to cut Social Security like every other Republican and I’m not going to cut Medicare or Medicaid,” Trump told the Daily Signal, a conservative publication affiliated with the Heritage Foundation, in 2015.

Over the next 10 years, Trump’s 2020 budget proposal aims to spend $1.5 trillion less on Medicaid — instead allocating $1.2 trillion in a block-grant program to states — $25 billion less on Social Security, and $845 billion less on Medicare (some of that is reclassified to a different department). Their intentions are to cut benefits under Medicaid and Social Security. The impact on Medicare is more complicated, which I’ll get into a bit later.

Over time, the Trump administration tried to whittle down the president’s promise to just Social Security and Medicare. Office of Management and Budget Deputy Director Russ Vought said Monday, March 11, that Trump is “keeping his commitment to Americans by not making changes to Medicare and Social Security.” But even that is not true.

Like “every other Republican,” Trump has repeatedly proposed and supported cutting these programs. The White House did not respond to a request for comment.
republicans  DonaldTrump  socialsecurity  medicaid  medicare  usa  government  budget  from instapaper
6 days ago by jtyost2

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