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Showing posts with the label deficits

Trump's tariff strategy

 PJ Media: ... Here we are in Aug. 2025, and the Congressional Budget Office just dropped a  bombshell  that completely shatters the left’s narrative against Trump’s tariff strategy.  As of August 19, we estimate that the effective tariff rate for goods imported into the United States has increased by about 18 percentage points when measured against 2024 trade flows. We project that increases in tariffs implemented during the period from January 6, 2025, to August 19 will decrease primary deficits (which exclude net outlays for interest) by $3.3 trillion if the higher tariffs persist for the 2025‒2035 period. By reducing the need for federal borrowing, those tariff collections will also reduce federal outlays for interest by an additional $0.7 trillion. As a result, the changes in tariffs will reduce total deficits by $4.0 trillion altogether. That’s no rounding error.  The numbers are simply eye-popping, and they tell the story that the media doesn’t want you t...

Trump tariffs increase income to US

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 Blaze: The Congressional Budget Office released a report Wednesday detailing the budgetary and economic impact of President Trump’s tariffs. The top-line result: Even the Democrat-controlled CBO concedes that tariffs will reduce the deficit over the next decade. Trump has every reason to celebrate. Tariffs shrink the deficit in one of two ways. They either raise revenue directly — as tariffs are a form of tax — or they do so indirectly, by reshoring industry and expanding GDP. ... This sounds like a good deal for the US that will benefit US taxpayers.  What impact, if any on trade with other countries is not clear but it does have potential fo rsubstantially reducing the government deficit. 

California Dems wasting taxpayer money on illegals

 CLG: California’s estimated $10B deficit matches ‘precisely’ the cost of illegal immigrant healthcare The fact that this money is being wasted on illegals and creating a deficit demonstrates how ridiculous the spending is.  See also: Democrat mayor arrested at ICE detention center, and it’s all captured on video And:  Judge Slams Brakes on Trump’s Tough-on-Immigration Push to Deport Illegal Immigrant Asians to Libya And:   Press Wail Over 'Undocumented Grandmother' Facing Deportation, Then the Rest of the Story Comes Out

Musk uncovering a lot of government waste

 Newsmax: Elon Musk, who was tapped by President Donald Trump to run the Department of Government Efficiency, said Thursday his goal of slashing $1 trillion in federal spending could be achieved without impacting services. Musk told Fox News he was confident DOGE could find $1 trillion in savings, slimming current total federal spending levels of about $7 trillion down to $6 trillion. "The government is not efficient, and there is a lot of waste and fraud, so we feel confident that a 15% reduction can be done without affecting any of the critical government services," Musk said. ... The people who have benefited from that government waste are pushing back, but I think Musk has the better argument and he also has the ear of the Presdient.  Making the government more efficient will benefit more Americans by also reducing the tax burden. See also: Wall Street Apes Elon Musk confirms there are MANY cases similar to the Stacey Abrams NGO fraud “The fraudsters — Like the $2 billion...

Left angry about losing waste and fraud?

 Blaze: ... “Why do they hate you so much?” Cruz asked. “If DOGE was ineffective, if we were not actually getting rid of a bunch of waste and fraud – and a bunch of that fraud, I mean, from what we’re seeing, is overwhelmingly on the left. It’s not zero on the right, but these NGOs are almost all left-wing NGOs that are being funded, for example. So they hate me because DOGE is being effective and DOGE is getting rid of a lot of waste and fraud that people on the left were taking advantage of,” Musk responded. “The single biggest thing that they're worried about is that DOGE is going to turn off fraudulent payments of entitlements — I mean everything from Social Security, Medicare, unemployment, disability, small business administration loans — ... to illegals. This is the crux of the matter. This is the thing why they really hate my guts and want me to die,” he continued. “By using entitlements fraud, the Democrats have been able to attract and retain vast numbers of illegal immig...

DOGE recovers $1.9 billion

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 Fox News: U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced a new Department of Government Efficiency task force on Thursday to "eliminate waste, fraud and abuse" at his federal agency. DOGE revealed that $1.9 billion in HUD money had been recovered as of Friday, saying the funds were misplaced during the Biden administration and were "earmarked for the administration of financial services, but were no longer needed." DOGE said it worked with Turner to release the funds, and they are now available for use by the U.S. Department of Treasury. Turner said HUD launched its own DOGE Task Force to review how the agency is spending taxpayer money. HUD employees will lead the task force with a mission to maximize their budget and efficiency, reporting their findings directly to Turner. EXPERT REVEALS MASSIVE LEVELS OF WASTE DOGE CAN SLASH FROM ENTITLEMENTS, PET PROJECTS: 'A LOT OF FAT' "HUD will be detailed and deliberate...

Trillion dollars wasted on benefit programs

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  Charlie Kirk @charliekirk11 Wow. Haywood Talcove, CEO of LexisNexis Special Services, testifying in front of the DOGE Subcommittee, says by implementing robust ID verification could save $1 trillion every single year in entitlements. "Between federal, state, and local government, you can save one trillion dollars a year by simply putting in front-end identity verification, eliminating self-certification, and monitoring the back-end of the programs that are providing the benefits." 1:20 PM · Feb 12, 2025 · 4.2M Views 1.6K 16K 60K 3.2K  right it looks like the US could quickly balance the budget