Five Easy Ways to Reduce National Debt and Shrink Government
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Five Easy Ways to Reduce National Debt and Shrink Government

ByWilliam L. Kovacs

The President and those running to replace him ignore the nation’s $23 trillion in national debt; $18 trillion of which was incurred by the last three presidents. The President’s proposed 2021 fiscal year budget is $4.8 trillion and anticipated revenues are $3.64 trillion, adding another $1.2 trillion to the deficit. Every person living in the…

CBO on Obamacare Replacement: Federal Deficit Reduced by $337B, 24 Million Uninsured by 2026

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LISTEN TO TLR’S LATEST PODCAST:  By Kody Fairfield Fourteen million more people would become uninsured next year — and a total of 24 million more by the year 2026 — if the top Republican proposal to repeal and replace Obamacare is signed into law, the Congressional Budget Office estimated Monday, reports CNBC. The American Health Care Act…

Deficit

Report: Deficit Will Be Much Higher Than Initially Projected For 2016

ByGuest Post

by Juliegrace Brufke The federal deficit will be a whopping $56 billion more than initially anticipated, coming in at $590 billion by the end of the 2016 fiscal year. The Congressional Budget Office (CBO) largely attributed the increase from January’s forecast in its Tuesday report to a decline in personal and corporate tax receipts. The increase will make 2016 the…

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U.S. Army Fudged “Trillions” to Give “Illusion” of Balanced Budget, Says Audit

ByGuest Post

By Micah J. Fleck Well, who would have thought? A government entity that can’t manage money. Only this time, it lied about this fact for years and only got found out in a recent audit. According to Reuters: The new report focused on the Army’s General Fund, the bigger of its two main accounts, with…

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Donald Trump Fudges Deficit Math at Debate

ByElias J. Atienza

Donald Trump attempted to defend his economic plan last night, arguing that it would save the government money and reduce the deficit. But moderator Chris Wallace noted that according to the Tax Foundation, his plan would increase the deficit by over $10 trillion. When Wallace asked how Trump would deal with this, the billionaire dismissed…

New GOP Bill Would Slash Congressional Salaries

New GOP Bill Would Slash Congressional Salaries

ByGuest Post

Juliegrace Brufke    Iowa Republican Rep. Rod Blum introduced legislation Friday that would decrease congressional members’ salaries annually until the national budget is balanced. Lawmakers’ pay would be docked 5 percent the first year and an additional 10 percent each year after, according to the legislation. The Fiscal Responsibility Act of 2016 would restore compensation levels upon the…