Over the course of the pandemic, federal overspending has exploded even by Congress’s lofty standards. While trillion-dollar deficits were a cause for concern before 2020, spending over just the last two years is set to increase the national debt by over $6 trillion. It’s bizarre, then, that the only thing that members of opposing parties in Congress can seem to work together on is fooling the budgetary scorekeepers with phantom offsets for even more spending.
In total, the bipartisan infrastructure deal includes around $550 billion in new federal spending on infrastructure to take place over five years. Advocates of the legislation claim that it is paid for, but they are relying on gimmicks and quirks of the budget scoring process to make that claim.
Take the single biggest offset claimed — repurposing unused COVID relief funds, which the bill’s authors say would “raise” $210 billion (particularly considering that at least $160 billion have already been accounted for in the Congressional Budget Office (CBO) baseline). Only in the minds of Washington legislators does this represent funds ready to be used when the national debt stands at over $28 trillion.
“Columbia and other wealthy universities steer master’s students to federal loans that can exceed $250,000. After graduation, many learn the debt is well beyond their means,” notes the Wall Street Journal.
The Journal reports on Columbia University’s Master of Fine Arts Film program, one of the worst examples, in an article titled “Financially Hobbled for Life: The Elite Master’s Degrees That Don’t Pay Off”:
Recent film program graduates of Columbia University who took out federal student loans had a median debt of $181,000.
Taxpayers are coming to Arizona from other states by the tens of thousands and bringing billions of dollars in annual earnings with them.
The Internal Revenue Service released its annual migration statistics, a record of address changes by filers and their dependents between tax years. The data released in late May reflects changes from the 2018-2019 tax years, which symbolize moves that occurred between 2017 and 2018. Nationwide, 8 million people relocated to either another state or county.
Arizona gained 218,736 new taxpayers in that time. Having lost 152,769, that’s a net gain of 65,967 exemptions from one tax year to the next. That’s nearly 1,000 more than the previous tax year.
California residents of all ages and incomes are leaving for more tax friendly climates, and they’re taking billions of dollars in annual income with them.
The Internal Revenue Service recently released its latest taxpayer migration figures from tax years 2018 and 2019. They reflect migratory taxpayers who had filed in a different state or county between 2017 and 2018, of which 8 million did in that timespan.
California, the nation’s most-populous state, lost more tax filers and dependents on net than any other state.
A spokesperson for the Biden Administration’s State Department confirmed the possibility that some of the aid being sent to the Palestinians could go to the terrorist organization Hamas, according to the Washington Free Beacon.
The administration is allocating up to $100 million of American taxpayers’ money to go to the Palestinians, but has repeatedly declined to confirm if there are any safeguards in the aid package that could prevent some of the funds from going to Hamas, the terror group that is responsible for thousands of unprovoked rocket attacks on Israel in recent weeks.
An unnamed senior official with the State Department said that “as we’ve seen in life, as we all know in life, there are no guarantees,” with regards to the possibility of terrorists getting their hands on some of the funds.
Senator Elizabeth Warren (D-MA) recently revived her campaign proposal for a wealth tax on taxpayers with a net worth exceeding $50 million. Unfortunately, the plan retains the same defects as her previous proposals to tax wealth, along with the same distortions she used to defend it last time.
Warren’s proposal, introduced along with companion legislation in the House sponsored by Rep. Jayapal (D-WA) and Rep. Boyle (D-PA), would tax wealth above $50 million at a rate of 2 percent, and wealth above $1 billion at a rate of 3 percent.
Senator Warren has routinely presented her wealth tax proposal as a minor, moderate tax on the ultra-wealthy. Just as she did on the presidential campaign trail, Warren is describing her plan as a “two cent” tax. This dishonest framing allows Warren to pretend that the tax is small.
Arguably, Los Angeles Mayor Eric Garcetti is the most incompetent, destructive, negligent, no good, irresponsible mayor in American history. And he’s got plenty of competition right now. San Francisco’s London Breed, Ted Wheeler in Portland, and Bill de Blasio in New York City are all top contenders. Blue City mayors bent on destroying civilization are plentiful, but Garcetti is the worst member of this odious gang.
The Affordable Care Act mandated that states accept a hospitals’ decision on the eligibility of all able-bodied adults who verbally report their income to be below the Medicaid level, which has led to many fraudulent eligibility claims, according to a report published Monday.
The Foundation for Government Accountability (FGA) report examined recently released data from state Medicaid agencies. It specifically looked at the government Medicaid funds that were wasted through false hospitals’ presumptive eligibility (HPE) determinations.
School districts around the country have been announcing reopening possibilities for the upcoming school year. The options often include full-time virtual learning, two or three in-person days at school, or a combination of the two.
In a few districts, I’ve seen four or five suggestions.
Breitbart reports, “American taxpayers are billed up to $133,000 per refugee resettled in the United States over the course of a lifetime, a new study reveals.”
In a recent report on the costs to U.S. citizens for its welcoming immigration and refugee policies, the Center for Immigration Studies (CIS) finds that each refugee resettled in the U.S. especially those in the United States illegally, and use social welfare programs cost American taxpayers anywhere on average between $60,000 and $133,000 over the course of a lifetime.
by Grace Carr Several states are cutting taxes and putting money aside to protect themselves during future recessions as state economies continue to boom since President Donald Trump took office. Almost every U.S. state is experiencing a thriving economy; 48 states will meet or exceed revenue expectations, according to…
by Troy Worden The president of Evergreen State College has apologized, more than a year after the fact, for the Washington state school’s use of taxpayer funds to bus students and educators to a workers’ rights protest at a family farm. KGMI, a news-talk radio station in Bellingham, Washington,…