Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Friday, July 11, 2025

U.S. Posts First Budget Surplus In Decades....

Tariffs work folks (Per CNBC)... The U.S. government posted a surplus in June as tariffs gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday.

With government red ink swelling throughout the year, last month saw a surplus of just over $27 billion, following a $316 billion deficit in May.

That brought the fiscal year-to-date deficit to $1.34 trillion, up 5% from a year ago. However, with calendar adjustment, the deficit actually edged lower by 1%. There are three months left in the current fiscal year, which ends Sept. 30.

A 13% increase in receipts from the same month a year ago helped bridge the gap, with outlays down 7%. For the year, receipts are up 7% while spending has risen 6%.

Now, to be clear, Trump during the first year of his first term, also posted a budget surplus; you have to go back to mid-2005 for the last sustained period of monthly budget surpluses.

Friday, May 30, 2025

Founders Quotes, 29-30 May 2025

Quotes on the budget and on that eternal bane of elected officials, bureaucracy, both courtesy of Thomas Jefferson....

Budget: A rigid economy of the public contributions and absolute interdiction of all useless expenses will go far towards keeping the government honest and unoppressive. - letter to the Marquis de Lafayette, 1823

Bureaucracy: I think we have more machinery of government than is necessary, too many parasites living on the labor of the industrious. - letter to William Ludlow, 1824

Both quotes are very prescient for today's times, given how hard Elon Musk and DOGE have worked to work just the $150bn or so thus far from the federal budget...and bureaucracies are, next to death and taxes, the absolute bane of humanity.

Friday, May 2, 2025

D is for Defund, Folks...

...as it, defund PBS and NPR and make it pay their own way in the media landscape...

Per RedState... President Trump signed an executive order on Thursday, directing the Corporation for Public Broadcasting to end federal funding for Public Broadcasting Service (PBS) and National Public Radio (NPR), accusing them of biased coverage and "left-wing propaganda." 

The order seeks to eliminate the roughly $535 million Congress allocated to public broadcasters in the current fiscal year and any funding appropriated through Sept. 30, 2027.

"Americans have the right to expect that if their tax dollars fund public broadcasting at all, they fund only fair, accurate, unbiased, and nonpartisan news coverage," the executive order reads. "No media outlet has a constitutional right to taxpayer subsidies, and the Government is entitled to determine which categories of activities to subsidize."

A fact sheet issued by the White House explains that NPR and PBS "have fueled partisanship and left-wing propaganda with taxpayer dollars, which is highly inappropriate and an improper use of taxpayers’ money."

With all due respect to the Left, there's two basic ways a media outlet survive an an entity: advertiser-support, listener-support and subscriptions. Since most public stations have underwriting (read: non-commercial "commercials") at least some of their support would stay. But if public broadcasting is as popular as its' supporters claim then they should no problem transitioning over to either full-on listener-supported funding streams or they can bite the bullet and go the subscription route a/la Substack, Medium or via media paywalls. I mean, come on folks, if media sites such as the Guardian can run w/out either taxpayer support or paywalls, NPR and PBS can as well.

Saturday, February 22, 2025

Founders Quote, 22 Feb. 2025

No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt: on none can delay be more injurious, or an economy of time more valuable. - George Washington, Message to the House of Representatives — 1793

Nothing destroys a nation more than debt and at present the U.S. debt is $36.5 trillion dollars; by the end of the decade it will range somewhere from $42 trillion to over $47 trillion. Simply unsustainable and no, we can't print our way out of it either.

As Robert Heinlein once said, "There ain't no such thing as a free lunch." At some point it has to be paid; better to bite the bullet now than pay later.