What is a rescission? Budget authority provided by an appropriations bill that has not yet been obligated by an agency can be canceled by a new law passed by Congress, preventing the funds from being obligated and spent. This cancelation of budget authority is called a rescission. How can a rescission be initiated? Rescissions can... The post FAQ: Rescissions and the Deficit appeared first on EPIC for America.| EPIC for America
How do you go from having a $3 billion budget surplus and stable tax revenue to broke in just a few years? By repeatedly spending more than you take in. General Fund spending has pretty much been out of control since 2018, the year after the Legislature passed the largest tax increase in state history. […]| Kansas Policy Institute
[Though this video is not recent, the authors’ discussion remains relevant today.] Fair Observer Founder, CEO & Editor-in-Chief Atul Singh and retired CIA Officer Glenn Carle debate whether the US federal debt is truly an economic threat or an overblown worry. The discussion contrasts conventional alarmist views with a more nuanced economic perspective, touching on… Continue reading FO° Exclusive: Is the US Debt a Big Problem? The post FO° Exclusive: Is the US Debt a Big Problem? appear...| Fair Observer
Yes. The state is spending more than it is taking in, and the Legislative Fiscal Bureau projects the state is on pace to have a -$1.4 billion general fund deficit by June 30, 2029.| Wisconsin Watch
An exorbitant privilege. That is what French President Valéry Giscard d'Estaing called the U.S. dollar's role as the global international reserve currency. That role brings many advantages but is it sustainable and worth any costs? What would it take for an alternative to emerge? The raising of the debt ceiling, the rise of China as a financial power and recent troubled economic times in the United States have many questioning the future of the U.S. dollar. A BETTER PEACE welcomes Rob Farley...| A Better Peace: The War Room Podcast
A black swan is a crisis that comes out of nowhere. A gray rhino, by contrast, is a problem we have known about for a long time, but can’t or won’t stop, that will at some point crash i…| Economist Writing Every Day
House committee moves to eliminate Trump budget cuts to Space Force| behindtheblack.com
Let’s all go bankrupt! A bill introduced today by Ted Cruz (R-Texas), chairman of the Senate Commerce Committee, rejects the Trump budget plan to phase out NASA’s failed SLS, Orion, and Lunar Gateway programs that have cost so far tens of billions for decades without accomplishing anything, and instead expands funding over the next decade to these and many other projects and agencies at NASA.| behindtheblack.com
When autistic clients first present for therapy, it’s because their life has become so unbearable that they desperately need help.| New Harbinger Publications, Inc