As a Twitter commentator, reality TV star and Republican candidate, Donald Trump railed against Obama-era budget deficits. But instead of tightening the belt, President Trump blew all that away in March when he signed an omnibus spending deal that saw huge increases in spending without corresponding cuts.
Six years ago, Trump was harsh on Obama the spending levels at the end of his first term
“Scary–Obama’s budget deficits are so out of control that he has to borrow 40 cents on every dollar he spends,” he said, via Twitter in 2012.
Even as recent as May 2017, Trump claimed that the administration wanted to wipe out US deficit in 10 years by cutting spending on social safety-net programmes by more than $1 trillion.
During a 2017 briefing, Mr Trump’s Budget Director Mick Mulvaney had outlined a plan to balance the budget in 10 years by slashing government spending by $3.6 trillion over 10 years, including steep cuts to Medicaid and food stamps.
But this ambition failed to materialise in 2018. Despite his rhetoric, the government’s debt will be about $27 trillion by the end of President Trump’s term.
According to Judge Andrew Napolitano, big government booster Woodrow Wilson financed US intervention in World War One by borrowing $30 billion. The government never repaid the debt and still owes the $30 billion principal, paying $15 billion in interest. That century-old debt is now at $20.6 trillion today.
The federal government spends $9.6 billion per year on the Rural Utilities Service, even though this service completed 98% of its electrification goal and 95% of its telephone service goal by 1981. Citizens Against Government Waste (CAGW) projects taxpayer savings of $48 billion over the next 5 years if this part of big government was eliminated.
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Economists David Branchflower (Dartmouth College) and Andrew Levin (International Monetary Fund) have found that the U.S. Department of Labor is calculating the U.S. unemployment rate in a way that falsely advertises a 5.5% rate. They believe that the true jobless rate in the United States is 7%-9% – well above where it should be in a healthy economy.
If you’re fed up with the government lying to you to make the current administration look good, please Like & Share this post.
Citizens Against Government Waste (CAGW) has found that the U.S. government could save taxpayers at least $24 billion over the next 5 years simply by cutting the number of improper Medicare payments in half. Such a move would not affect rightful recipients of Medicare funds whatsoever.
If you think it’s only fair to ask the government to cut down on improper and wasteful spending, please Like & Share this post.
The largest supplier of HIV and AIDS healthcare products in the United States has been accused of scamming Medicare and Medicaid out of at least $20 million in 12 states. The company allegedly tricked those two government agencies into paying kickbacks to employees and patients who brought new patients to the clinic.
If you think it’s time to reel in wasteful Medicare spending and use those funds elsewhere, please Like & Share this post.
The Social Security Administration (SSA) now expects workers to pay more into the program that they could ever hope to receive in retirement, and the U.S. government owns over $876 billion in Social Security debt. Nevertheless, U.S. Senators Elizabeth Warren and Joe Manchin are attempting to pass legislation that would expand Social Security.
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Due to improper payments handed out by the U.S. government to Affordable Care Act (ACA) recipients, millions of Americans owe the IRS an average of $794.
If you think this is just the latest example of how government over-regulation causes waste that citizens end up paying for, please Like & Share this post.
The Government Accountability Office (GAO) recently announced that $124.7 billion in improper government payments were made in 2014. This is a 17% increase over the $105.8 billion in incorrect payments made by the government over the previous year.
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Economic growth of the U.S. economy in terms of GDP grew just 2.4% in 2014, continuing the trend of 2.2% average annual growth for the last 10 years. Countries with similar “growth” last year include Afghanistan, El Salvador and Ukraine.
If averaging just 2.2% growth per year is unacceptable to you when compared to inflation, please Like & Share this post.
Private equity firms rejected the college town of Evanston, Illinois for a $17 million loan to expand its hockey rink because the city itself ruled that it was already “saturated” with hockey rinks. The town has decided to pass the costs on to taxpayers even though it was decided that the new rink’s chances of “making enough money to cover its costs was slim.”
If you think Evanston should get its priorities in order and use tax money for something more beneficial, please Like & Share this post.