Category: Deficit

So the federal debt limit is just a federal law. Easily changed when the will is there. But the Trump Cabal and MAGA trolls don’t like federal laws when they would seem to hinder their will…and simply ignore them with abandon. So why doesn’t Secretary of the Treasury Janet Yellen…

It is not unusual for the federal government to reach its legal spending limit. It has done so four times in the past six years…three of those times in the previous administration. Those three times the limit was raised with few qualms and little quarrel. But every once in a…

Former Governor Scott Walker is of course still on his crusade for a federal balanced budget amendment to the Constitution. Just as recently…as yesterday! While the president, his cabinet, and the senate are proposing cash payments to Americans to provide economic support during the economic catastrophe resulting from the COVID-19…

While the president gloats about the economy and the jobs he’s helped create…the Bureau of Labor Statistics was reporting pretend job numbers. And now they’ve finally come clean: Turns out hiring wasn’t nearly as strong in 2018 and early 2019 as the government initially reported — by about a half-million…

That might be a little confusing if all you are working with is the president’s tweets. Last week the economy was roaring because of the president…great employment rate…record Dow…you know stuff like that. He managed to intimidate the Fed into lowering their benchmark rate. Bigly robust economy. And then? Any…

The University of Wisconsin Stevens Point made national news last year when it announced that it was scaling back liberal arts offerings and eliminating a number of majors. Nobody was giving them kudos at the time but they were struggling under a deficit and declining enrollments. But not, low and…

We are disappointed that the federal deficit means cutting funding for the Special Olympics…but I love them…so my foundation will provide the $17.6 million dollars to fund it in the next fiscal year. But she didn’t… By the way…the federal government contribution to the Special Olympics accounts for only 10%…

I thought we were pulling out of Syria and Afghanistan? I thought we were getting NATO to pay more of their fair share? I thought we were saving money by cancelling maneuvers in South Korea? I thought we would save money by negotiating a non-nuclear agreement with North Korea? I…

For those of you not from Wisconsin, this might not make a lot of sense to you. But traditionally when the federal government made significant changes to their tax codes…primarily to tax deductions and credits and such…the Wisconsin legislature would emulate those changes. So once you completed your federal tax…

The biggest story out of Washington today was the Senate budget agreement adding billions to the deficit with increased for both defense and non-defense domestic items. The president has been lobbying for additional military spending consistently since taking office. But the bill may have issues in the House and Oval…