U.S. Budget and Deficit

Guess Who Benefits Most From The GOP Tax Plan–The Trumps (Video)

Guess Who Benefits Most From The GOP Tax Plan–The Trumps (Video)

“Believe me.” That’s what President Donald Trump told supporters at a September 27 event in Indiana, referring to how much he stood to lose under the Republican tax plan that ultimately passed the House of Representatives on Thursday 227 to 205. “My accountant called me and said ‘you’re going to get killed in this bill,’” Trump told a […]

Here Are The 13 Republicans Who Voted Against The House Tax Plan (Video)

Here Are The 13 Republicans Who Voted Against The House Tax Plan (Video)

The looming GOP tax reform bill cleared the first stage Thursday when it passed in the House of Representatives 227 to 205. Yet, as it now makes its way to the Senate for consideration and revision, let’s take a few minutes to acknowledge the 13 Republican lawmakers who rejected it. For a bill that was sold […]

They’re Still At It–The GOP Tax Plan Takes Aim At Obamacare (Video)

They’re Still At It–The GOP Tax Plan Takes Aim At Obamacare (Video)

They’re at it again. As if the proposed Senate Republican tax plan did not put enough targets on average Americans’ backs, according to multiple reports, the revised bill includes another insult: repeal the Affordable Care Act’s, aka Obamacare, individual mandate. The individual mandate is the most controversial part of former President Barack Obama’s signature legislation. It requires all […]

The GOP Tax Plan: ‘Teachers, Give Your Deductions To Your Corporate Overlords’ (Video)

The GOP Tax Plan: ‘Teachers, Give Your Deductions To Your Corporate Overlords’ (Video)

Even if the rumors about Education Secretary Betsy DeVos’ impending resignation are true, the attack upon America’s teachers is just getting started. The Supreme Court announced in September it is going to hear early next year the Janus v. American Federation of State, County and Municipal Employees (AFSCME) case that threatens to flip the entire nationwide public […]

Tax Cuts For The Rich Are Front And Center In The GOP Budget (Video)

Tax Cuts For The Rich Are Front And Center In The GOP Budget (Video)

Well, they did it. Thursday, congressional Republicans passed a non-binding budget resolution that threatens to cut $473 billion from Medicare and $1 trillion from Medicaid so the top one percent of the population can enjoy a $1.5 trillion in tax cut. What this means is the 99 percent of us may expect to see $1.5 trillion added to […]

With McCain And Cochran’s Support, The GOP Budget Is Closer To Reality (Video)

With McCain And Cochran’s Support, The GOP Budget Is Closer To Reality (Video)

Tuesday was one of those “roller coaster” days in Washington. Here are some highlights: Senators Lamar Alexander (R-Tenn.) and Patty Murray (D-Wash.) reached a limited deal to stabilize health care markets and preserve the cost-sharing reduction subsidies President Donald Trump canceled last week via executive order. A federal judge in Hawaii blocked the latest incarnation of Trump’s travel […]

Cutting Taxes For The Wealthy Does NOT Help The Economy–Here’s Why (Video)

Cutting Taxes For The Wealthy Does NOT Help The Economy–Here’s Why (Video)

Tax cuts. The very mention of them sends shivers down conservative and progressive spines. Progressives take issue with their tax dollars helping to perpetuate a military industrial complex and subsidies to fossil fuel corporations, while conservatives and Tea Partiers rail against social safety nets like food stamps, Medicare, and Medicaid. The proposed budget Republicans unveiled last […]

Studies Show Climate Change Is LITERALLY Draining The Economy (Video)

Studies Show Climate Change Is LITERALLY Draining The Economy (Video)

If there’s anything consistent about the right, it’s that it believes economics are at the crux of every political, professional, personal, social, and environmental decision. The “free market,” they say, “will solve all that ails us.” Of course money is important, and we would be remiss if we did not consider the economic costs of […]

Chris Christie Calls Ted Cruz Hypocrite Over Hurricane Relief (VIDEO)

Chris Christie Calls Ted Cruz Hypocrite Over Hurricane Relief (VIDEO)

New Jersey Governor Chris Christie made an appearance on CNN this morning, and boy, did he have some things to say about hurricanes. Specifically he wanted to vent his anger about Texas GOP Senator Ted Cruz on his apparent double standard in opposing Superstorm Sandy relief but requesting federal aid for Texas after Hurricane Harvey: […]

Study Finds Climate Change Costs Will Hit Trumplandia The Most

Study Finds Climate Change Costs Will Hit Trumplandia The Most

As you sit here reading this, Hurricane Harvey is inundating Texas. This is pretty ironic–and poignant–considering a new study published in Science magazine titled “Estimating Economic Damage from Climate Change in the United States” finds the Southeastern states, the ones that voted overwhelming for President Donald Trump, are the most vulnerable to the expensive impacts of anthropogenic climate change. The study discusses […]

We Can’t Afford To Feed Our Poor–But We Hand Big Oil $5 Trillion A Year (VIDEO)

We Can’t Afford To Feed Our Poor–But We Hand Big Oil $5 Trillion A Year (VIDEO)

Despite the solar industry outpacing fossil fuel companies, growing 12 times faster than the overall economy, we may never shake our national addiction to fossil fuels so long as we continue to subsidize big oil to the tune of five trillion dollars a year, 6.5% of global GDP. According to a study in the journal World Development, subsidies […]

Trump Is Funneling Money From Your Pocket To His – And It’s Totally Legal (VIDEO)

Trump Is Funneling Money From Your Pocket To His – And It’s Totally Legal (VIDEO)

Every time President Donald Trump visits one of his properties, they bill the government and he fills his pockets – with YOUR money. Rooms – your treat. Meals – your treat. Golfing – your treat. You Are Paying For Trump’s Lavish Lifestyle And not JUST for Trump and his family. You’re also paying Trump for […]

Republicans Attempted To Defund The CBO – Because They Didn’t Like The Numbers (VIDEO)

Republicans Attempted To Defund The CBO – Because They Didn’t Like The Numbers (VIDEO)

The Congressional Budget Office survived two major assaults on its existence earlier this week. The House of Representatives considered two amendments to a spending bill Wednesday that would have crippled the CBO’s funding and staff. Both were introduced by members of the ultraconservative House Freedom Caucus. One measure introduced by Rep. Scott Perry (R-Pa.) would […]

Trump Doesn’t Understand The Concept Of ‘Safety Net’ Programs (VIDEO)

Trump Doesn’t Understand The Concept Of ‘Safety Net’ Programs (VIDEO)

President Donald Trump is all about self-sufficiency, which isn’t always good for governing a country. We can see that by his proposed budget. Many safety net programs that help poor people are being cut or eliminated. The Office of Management and Budget Director Mick Mulvaney said: “We are no longer going to measure compassion by […]

While Our Attention Was On James Comey, House Republicans Were Setting Us Up For Another Financial Crash (VIDEO)

While Our Attention Was On James Comey, House Republicans Were Setting Us Up For Another Financial Crash (VIDEO)

Thursday, while we were watching the shiny Comey testimony, the Republican-led House of Representatives was capitalizing on our distraction fomenting another 2008-style financial crash. House Republicans voted Thursday to pass the “Financial CHOICE Act” that begins the repeal process for Dodd-Frank, a consequential set of Wall Street regulations President Barack Obama signed into law to help […]

Trump Budget Would Devastate Native American Communities (VIDEO)

Trump Budget Would Devastate Native American Communities (VIDEO)

President Donald Trump’s proposed 2018 budget makes dramatic cuts to what little remains of the social safety net. If the budget is approved, many will suffer. But Native Americans will be among those hit hardest by the budget’s extreme austerity. To really understand the abject cruelty of this budget, you have to understand that tribal communities […]

Trump Is About To Increase The Cost Of Student Loans For College (VIDEO)

Trump Is About To Increase The Cost Of Student Loans For College (VIDEO)

This fall, college students are going to be slapped with even more debt when borrowing for college. President Donald Trump has proposed eliminating subsidized federal student loans, which will significantly raise interest rates for student loans. The new rates will be: 4.45 percent for Stafford student loans; up from 3.76 percent 6 percent for Stafford […]

Trump Steering Country To Bankruptcy — The Only Thing He Does Well (TWEETS/VIDEO)

Trump Steering Country To Bankruptcy — The Only Thing He Does Well (TWEETS/VIDEO)

Debt Ceiling May Be Reached Sooner Than Expected If you doubt Donald Trump's ability to bankrupt the government, understand that bankruptcy is perhaps the only area in which he has excelled — John Iadarola (@johniadarola) April 26, 2017 Mick Mulvaney, the Director of the Office of Management and Budget, spoke to Congress on Wednesday, warning them […]

Trump Budget Will Ruin The Clean Energy Industry (VIDEO)

Trump Budget Will Ruin The Clean Energy Industry (VIDEO)

President Donald Trump’s 2018 budget is pretty terrible. Not only does it cut funding for veterans, the poor, and the disabled, but it also slashes funding for important clean energy research. The budget also cuts $1.4 billion from the Department of Energy’s Office of Energy Efficiency and Renewable Energy, dropping the department’s total to $636 […]

Government Budget Expert Rips Trump’s 2018 Budget To Shreds In SAVAGE Manner (VIDEO)

Government Budget Expert Rips Trump’s 2018 Budget To Shreds In SAVAGE Manner (VIDEO)

The Trump budget has been largely pushed to the media back burner lately because of the Comey/Russia story, but it’s no less of a disaster for President Donald Trump and his administration. The release of the budget blueprint was met with silence from Republicans, and as for the Democrats: This is where the #TrumpBudget belongs. […]

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