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Tag: Deficit

Denver Mayor Johnston walks back raises, braces city for cuts amid $50M budget gap
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Approved, denvergazette.com, Local

Denver Mayor Johnston walks back raises, braces city for cuts amid $50M budget gap

By Deborah Grigsby | Denver Gazette Facing a shortfall of hundreds of millions of dollars, Denver Mayor Mike Johnston is expected to announce significant cuts to the city's budget at a news conference this morning. The city is facing a $50 million gap in this year's budget, while the projected deficit is $200 million next year, according to sources, who shared information with The Denver Gazette. The city blames an economic downturn, flat revenues and "growing government costs" as reasons for the deficit, according to sources.  To deal with the shortfall, Johnston is proposing furloughs and a hiring freeze, in addition to limiting discretionary spending and reducing and restructuring contracts. The furloughs will save the city $10 million this year, according to city estimat...
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Defunding USAID isn’t about reducing the deficit, it’s about shutting down left-wing propaganda
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Approved, Commentary, The Federalist

Defunding USAID isn’t about reducing the deficit, it’s about shutting down left-wing propaganda

By John Daniel Davidson | Commentary, The Federalist The most common argument you’ll hear from those defending the United States Agency for International Development (USAID) is that the grant dollars in question are just a fraction of the federal budget — less than one percent! Even if the Trump administration eliminated USAID altogether it wouldn’t put much of a dent in the deficit or help control the national debt, is the argument. Everyone from the talking heads at CNN and MSNBC to Jim Geraghty at National Review are repeating this line. But trimming the federal budget and reducing the deficit aren’t really the point of this exercise. The point is to expose USAID for the left-wing propaganda and regime change operation that it has become, and to shut it down. In the six...
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