spending Archives - The Minnesota Sun

Commentary: The U.S. Economy Will Weather the Chinese Coronavirus

March 17, 2020 Minnesota Sun Staff

President Donald Trump praised the Federal Reserve for cutting the federal funds rate to a range of 0 percent to 0.25 percent, and restarting quantitative easing with $500 billion of U.S. treasuries purchases and $200 billion of mortgage purchases in response to the Chinese coronavirus global pandemic.

“It makes me very happy and I want to congratulate the Federal Reserve,” he said. “That’s a big step and I’m very happy they did it.” Trump has been hounding the Fed for years to cut interest rates to make the dollar more competitive against trading partners’ currencies including the yuan, euro and peso. Now he gets his wish.

One Aspect of Trump’s New Budget Proposal Targets Waste, Fraud: Report

February 11, 2020February 11, 2020 Minnesota Sun Staff

One initiative in President Donald Trump’s fiscal 2021 budget, to be presented to Congress Monday, targets waste, fraud and abuse of taxpayer money.

States Across the Boards Plan to Increase Spending in Fiscal 2020

January 1, 2020December 31, 2019 Minnesota Sun Staff

State lawmakers nationwide are spending more money, but they are also replenishing rainy day funds in preparation for the next economic downturn, a new report determined.

Report: Government Wasted $230 Million on Failed Programs

December 2, 2019December 1, 2019 Minnesota Sun Staff

The U.S. government spent $33.9 million of taxpayer money on unused textbooks for Afghani children. The books are still sitting in decaying storage units in Afghanistan. American taxpayers also spent $16 million to improve the quality of Egyptian education.

Commentary: Skyrocketing Debt Too Important to Be Paired With Spending Deal

May 23, 2019May 22, 2019 Minnesota Sun Staff

by Justin Bogie Two major issues that Congress will be forced to confront in the coming weeks and months are the debt limit and the future of the Budget Control Act discretionary spending caps. A report from The Hill indicates that negotiations are underway between Congress and the Trump…

Lawmakers Eye a Huge Backdoor Spending Increase

April 16, 2019April 15, 2019 Minnesota Sun Staff

by David Ditch Members of Congress are promoting the concept of changing three programs from the discretionary category (requiring annual appropriations) into mandatory (auto-pilot) spending. Such changes would become a huge backdoor spending increase. Spending limits have come under relentless attack from both parties. In 2013, 2015, and 2018,…

Rick Manning Commentary: President Trump Versus Washington’s Spending and the Constituencies Who Fight for Them

March 19, 2019March 18, 2019 Minnesota Sun Staff

by Rick Manning In Washington, D.C., every spending program and tax break has a constituency that fights for it. This is why they exist, because somewhere, someone believes that Warren Buffett needs a wind production tax credit, and that opera programming should be taxpayer funded. These constituencies are tightly…

President Trump’s Executive Order Freezing Federal Pay Saves Taxpayers from Double-Digit Pay Increases

January 1, 2019December 31, 2018 Minnesota Sun Staff

by Rachel Greszler President Donald Trump issued an executive order effectively freezing federal pay for 2019 at current 2018 levels. Had the president not issued this executive order (and lacking congressional action on federal pay), federal workers would have received a 2.1 percent across-the-board pay increase, as well as a…

Commentary: Only Two Weeks Left for Republicans to Get It

December 9, 2018December 8, 2018 Admin

by Rachel Bovard There’s only one area where bipartisanship still reigns in Washington: avoidance. Republican and Democrat leaders this week held hands and used the funeral events for President George H. W. Bush as an excuse to move their funding deadline—which previously expired on December 7—two weeks forward, to December…

Chuck Schumer Demands Climate Concessions From Trump on Infrastructure Spending

December 9, 2018December 8, 2018 Admin

by Michael Bastach Senate Minority Leader Chuck Schumer told President Donald Trump that Democrats won’t cut a deal with him on infrastructure spending unless it includes a slew of policies aimed at fighting global warming. Schumer, the Senate’s top Democrat, called for, among other things, making green energy and…

REPORT: EPA Paid $14.5 Million For Foreign Nationals, Not Americans, To Work In Government Labs

September 28, 2018September 27, 2018 Admin

by Michael Bastach The Environmental Protection Agency (EPA) paid $14.5 million to foreign nationals to work at agency laboratories over the past 11 years that could have been awarded to U.S. citizens and permanent residents, according to federal investigators. EPA’s Office of Inspector General (OIG) found the agency’s cooperative…

Deceptive Tricks Congress Uses to Drive Spending Higher

September 24, 2018September 23, 2018 Admin

by Justin Bogie Congress is up to its old tricks again, trying to pass another massive spending bill that uses gimmicks and tricks to push deficit spending even higher. And it thinks it can hoodwink President Donald Trump into signing it. Next week, the House is expected to vote on…

Three Budget ‘Reforms’ That Would Make Matters Worse, Not Better

August 8, 2018August 7, 2018 Admin

by Dody Eid and Romina Boccia A congressional select committee on reforming the budget process recently held another public hearing, supposedly with the ultimate aim of designing a more transparent, accountable, and responsible budgetary process. Any such changes should also re-establish and enhance Congress’ power of the purse. But if those are…

Commentary: Trump, Reagan, and Big Government

July 29, 2018July 29, 2018 Admin

by Jeffery Rendall As I strolled through the excellent and memory-provoking exhibits at the Ronald Reagan Presidential Library (in Simi Valley, CA) the other day I was struck by how similar President Donald Trump’s approach to today’s politics is to the way Ronald Reagan handled the subject a half…

‘Pig Book’ Spotlights 232 Earmarks Amid Pork That Wastes Taxpayers’ Money

July 22, 2018July 21, 2018 Admin

by Katherine Rohloff All but a relative few farmers and other rural residents have had electricity and telephone service for a generation, but the U.S. government devoted $10 million in the current budget to a duplicative Rural Utilities Service program designed to help pay for energy costs. Taxpayers continue to finance the…

Commentary: The Ticking Fiscal Time Bomb Set in 1937 Could Tip America Into Despotism by 2030

July 13, 2018July 12, 2018 Admin

by Robert Osburn Celebrated this past July 4, America’s founding story of freedom is truly remarkable: unity, courage, integrity, and national integration (incorporating people from around the world). In most other places, the freedom story is bloody, exclusive, and, ultimately, tyrannical. Take Nicaragua, for one example: In 1979, the Sandinistas…

Senate Fails to Pass the Rescission Package

June 23, 2018June 22, 2018 Admin

By Printus LeBlanc When President Donald Trump signed the omnibus spending bill back in March, he did so reluctantly. The swamp knew the President’s feelings for the military and hid behind them to fill the omnibus with wasteful spending. The President signed it, hoping some of the spending would be…

Trump’s ‘Rescission’ Package Would Save Unspent Tax Dollars

May 9, 2018May 8, 2018 Admin

by Justin Bogie President Donald Trump on Tuesday submitted a special message to Congress requesting that $15 billion in unspent funding be rescinded. That’s a good first step toward re-establishing fiscal responsibility. Congress should embrace it and quickly adopt the president’s rescission package. Still, the package does nothing to claw back the…

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