Six Facts We Need to Know About the Federal Budget

The six facts that we need to know about the federal budget include spending, taxes, borrowing, and where we could wind up.

What We Need To Know About Federal Spending

Talking about foreign aid and the defense budget is like comparing a blueberry to a watermelon. Foreign aid spending is tiny while defense dollars are massive.   With federal spending on foreign aid, defense, Medicare and Medicaid in the headlines, let’s…

The Best and Worst Federal Budget Solutions

Not really surprising, our politicians’ suggestions for cutting the federal deficit are different from a Congressional Budget Office list.

When is $4 Billion Chump Change?

Included in the discretionary section of the federal budget, at $4 billion or so, Air Force One is a very small part of government spending.

A Speedy Summary of Spending in the US Federal Budget

Right now, the Congress is supposedly debating the 2015 federal budget. Because the new fiscal year begins October 1, their deadline is September 30. But not really. 1996 was the last time the House and Senate punctually approved all necessary…

One Reason That $1.1 Trillion is Not So Much

The Congress just agreed on $1.1 trillion in federal spending. But let’s look a bit more closely… Each year, I give my class a federal budget graph and ask them to identify the relative size of 17 main spending categories.…

Big Bird’s Issues

All the talk about Big Bird and federal funding is really about 2 much bigger issues. 1. Discretionary Spending With proposed spending in the Obama 2013 budget at 3.7 trillion dollars, a tiny proportion–between 1 and 2 percent, goes to the…

A Federal Workers Cost Cutting Contest

Last year’s winning idea for the second annual federal worker’s cost cutting contest (SAVE) was from A Department of Veterans Affairs employee. Scheduled for the fiscal 2012 budget, the suggestion will save a projected $14.5 million by 2014 by enabling…