House Republicans are trying to force Democrats to accept steep spending cuts by threatening a Treasury default that would crash financial markets and push the economy into a deep recession. They claim there’s “waste” in the federal budget, but haven’t identified it, nor have[...]
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Nobody likes Biden’s defense budget
Republicans think it’s not enough; Bernie Sanders thinks it’s too much. Read stories here and here. Photo: China has two combat-ready aircraft carriers, with a third under construction, and more planned (details here and here) Return to The-Ave.US Home Page[...]
March 29th, 2020 - 7:57 am § in Jews
Sunday Revelation: San Francisco to Ban Male Jews, Will Not Solve Budget Crisis
Lloyd Schofield, and his supporters, have until April 26 to gather 7,200 valid signatures to ban male circumcision under age 18. Their website is www.sfmgmbill.org. The measure would make it “unlawful to … to circumcise, excise, cut, or mutilate the whole or any part of the foreskin, testicl[...]
February 11th, 2020 - 9:56 am § in Misc.
Fed Chair Powell warns of a sugar high. Tells Congress that $1 trillion budget deficits are unsustainable
WASHINGTON – Federal Reserve Board Chair Jerome Powell: “Putting the federal budget on a sustainable path when the economy is strong would help ensure that policymakers have the space to use fiscal policy to assist in stabilizing the economy during a downturn.” Of course, this conflicts with t[...]
August 16th, 2018 - 10:32 am § in Environment, Foreign Affairs
Congressional Budget Office Casts Doom on Trump Economy
Once the 1.5 trillion dollar tax cut is spent, the Congressional Budget Office predicts the U.S. economic growth will fall well below the Trump administration’s 3 percent target In an updated economic outlook, the nonpartisan Congressional Budget Office (CBO) projected that the long term imp[...]
February 12th, 2018 - 1:05 pm § in Donald Trump, Politics
Trump budget slashes Medicare by $237 billion
“The Trump budget calls for cutting $237 billion to Medicare, the huge federally run program that provides health coverage to primarily older Americans. When he ran for office, Trump told voters that he would not cut Medicare or Medicaid,” CNBC reported Monday afternoon. It also slashes [...]
July 10th, 2017 - 11:10 am § in Schools & Colleges, The Ave Scene
The State Budget: Victory of Teachers’ Unions, The Rest of Education NOT SO MUCH
From The Seattle Times: Where does the new state education fund go? TEACHER SALARIES: The budget plan will shift the burden of covering teacher-salary costs to the state to comply with McCleary v. Washington. Lawmakers plan to do this by instituting a state property-tax hike in property-rich school [...]
July 3rd, 2017 - 9:30 am § in Misc.
Sweetheart Tax Deal in State Budget
How tax cuts for business showed up — quietly — in state budget as homeowner taxes increased A big tax cut for manufacturing businesses was passed by the Legislature with little public notice after a last-minute demand from Republicans during budget talks to avoid a government shutdown. [...]
Trump’s defense budget ignores our combat troops
Broken weapons, Vietnam-era rifles and boots, vehicles that don’t run, no ammunition for training, old heavy equipment (see photo) … but Trump and his cabinet of Wall Street tycoons don’t give a damn. Despite flaunting a $54 billion a year increase in defense spending, Trump put no[...]