Federal budget

Pentagon Fails Eighth Consecutive Audit

December 24, 2025 Jake Johnson, Common Dreams. Educate! Accountability, Audit, Congress, Federal budget, Pentagon

Two days after the US Senate voted on a bipartisan basis to authorize just over $900 billion in military spending for the coming fiscal year, the chief recipient of that taxpayer money—the Department of Defense—announced it failed an audit of its books for the eighth consecutive year. The now-predictable audit result was announced Friday by the Pentagon's Office of Inspector General (OIG) after an examination of the agency's roughly $4.6 trillion in assets. The OIG said it identified 26 "material weaknesses"—major flaws in internal controls over financial reports—in the Pentagon's accounting.

Compound Interest Is Devouring The Federal Budget

December 19, 2025 Ellen Brown, Scheer Post. Create! Congress, Debt, Federal budget, Money, Trillion Dollar Coin

Albert Einstein is often quoted as saying that compound interest is “the most powerful force in the universe.” The quote is probably apocryphal, but it reflects a mathematical truth. Interest on earlier interest grows exponentially, outrunning the linear growth of revenue and eventually consuming everything. That is where the United States now stands. The government does pay the interest on its debt every year, but it is having to pay it with borrowed money. The interest curve is rising exponentially, while the tax base is not.

Seattle Organizations Unite To Say ‘No!’ To Billionaire Bailout Bill

July 30, 2025 Fight Back! News. Organize! Austerity, Billionaires, Federal budget, Seattle, Trump Administration

Seattle, WA – On July 26, a crowd of over 100 gathered at Seattle Central College for a rally and community action fair organized by the south Seattle-based grassroots organization Seattle Against War (SAW). They were united by the need to stand up against the attacks on the working class and oppressed peoples embodied in Trump’s so-called “Big Beautiful Bill” – from stripping necessary social services to an unprecedented $170 billion budget increase to ICE and border patrol. The majority of the crowd were concerned Seattleites and new activists looking for ways to get involved, who, through the groups tabling at the event, were able to get directly connected to the struggle and help build organization vital to resisting the constant attacks by the repressive Trump administration.

Trump Is Trying To Dismantle Public Health

July 17, 2025 Rob Wallace, Joe Sexauer and Rita Valenti, Truthout. Strategize! Federal budget, Health Care, Police State, Public Health, Trump Administration

From the streets to town halls and the courts, it’s a race now. The Trump administration is fighting to remain a step ahead of the growing popular backlash to its draconian cuts to social programs that millions of Americans depend on — at least until the administration operationalizes enough of the police state it’s practicing on immigrants to put down any such objection. Budget proposals and “Department of Government Efficiency” (DOGE) cuts switching out the public commons for a police state make the regime’s objectives clear.

Massive Expansion Of Deportation Machine Passes With Little Press Notice

July 11, 2025 Belen Fernandez, Fairness and Accuracy in Reporting. Educate! Federal budget, Immigration and Customs Enforcement (ICE), Mass Deportation, Media

And so it has come to pass: US President Donald Trump’s “big, beautiful bill” has set the stage for tax cuts for the rich, slashed services for the poor, and a host of other things that qualify as “beautiful” in the present dystopia. Some cuts, like those to Medicaid, have been heavily covered by the corporate media. But one key piece of the bill has gotten much less media scrutiny: The preposterous sum of $175 billion has been allocated to fund Trump’s signature mass deportation campaign, which, as a Salon article (7/3/25) points out, exceeds the military budget for every single country in the world aside from the US and China.

Radical New Budget Steals From The Poor, Cuts Taxes For The Rich

July 4, 2025 Heidi Shierholz, Economic Policy Institute. Educate! Austerity, Congress, Federal budget, Tax Cuts

July 1 - Yesterday, the Senate passed a budget bill that will create a weaker and more unequal U.S. economy. It is even more radical than the House version, with deeper Medicaid cuts that will destroy rural hospitals and strain state budgets, while adding nearly $4 trillion to the federal deficit. The House should reject this legislation and start from scratch. The stakes couldn’t be higher—the bill being rushed to passage will do grave damage to the economy and the well-being of U.S. families for years to come. The bill is designed to cause a shocking upward redistribution of income. It includes draconian spending cuts—mostly to health care and food assistance for children and families—in order to give massive tax cuts to the wealthiest households.

Trump Attempts To Freeze Federal Spending

January 29, 2025 Lana Cohen, Union of Concerned Scientists. Strategize! Congress, Donald Trump, Federal budget, Federal Government, Legal System

Last night, at the behest of President Donald Trump, the Office of Management and Budget (OMB) issued a sweeping freeze on the flow of congressionally approved federal funding. The decision has had a deeply harmful and chaotic effect already and is an unlawful overreach of executive power that ignores Congress’ constitutionally mandated control of federal spending and undermines the checks and balances that have, for hundreds of years, maintained democracy in the United States. Several states have already legally challenged the guidance.

House Republican Rules Package Designed To Enable Skewed Priorities

January 16, 2023 Joel Friedman, CBPP. Educate! Austerity, Congress, Federal budget, Republicans, Tax Cuts

The House Republican majority recently adopted a rules package to guide that chamber’s legislative action that would put up steep barriers to investments in critical national needs while paving the way for ever more tax cuts, inevitably tilted toward the wealthy and profitable corporations. That isn’t an agenda that will expand opportunity or support broadly shared economic growth. Proponents describe the rules as “restoring fiscal sanity,” but they just reflect an ideology that ignores reams of evidence showing that the tax cuts of recent decades haven’t meaningfully boosted economic growth. The large tax cuts have led to higher deficits and debt and lower investments in areas such as education, research, child care, climate, and transportation that would make our nation as a whole stronger. The new House rules can be waived, but this package offers a window into the House majority’s priorities — favoring new tax cuts while hindering new investments.

On Contact: American Economic Illusion

April 11, 2021 Chris Hedges, RT. Resistance Report Biden administration, COVID-19, Federal budget, Infrastructure

On the show this week, Chris Hedges discusses with the economist Richard Wolff the nearly $5 trillion being allocated by the Biden administration for Covid-19 relief and infrastructure projects.

We Need Jobs And Healthcare, Not More Money For Bombs And Bullets.

April 11, 2021 CODEPINK. Educate! Congress, Federal budget, Joe Biden, Pentagon Budget

Today, the Biden Administration released their budget proposal for Federal discretionary spending in Fiscal Year 2022. This included a proposal for a $753,000,000,000 Pentagon budget, an increase from President Trump’s final enacted budget. This signals a concerning continuity with the Trump Administration which, over the course of four years, increased the Pentagon budget by $133 billion with bipartisan Congressional approval. "Submitting a $753 billion Pentagon budget proposal during a historic pandemic while millions of working people across the country continue to struggle from the resulting economic turmoil is unconscionable," said CODEPINK national co-director and Divest from War campaign director Carley Towne.

Was The Fed Just Nationalized?

April 5, 2020 Ellen Brown, Popular Resistance. Educate! Congress, Federal budget, Federal Reserve, Recession

Mainstream politicians have long insisted that Medicare for all, a universal basic income, student debt relief and a slew of other much-needed public programs are off the table because the federal government cannot afford them. But that was before Wall Street and the stock market were driven onto life-support by a virus. Congress has now suddenly discovered the magic money tree. It took only a few days for Congress to unanimously pass the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which will be doling out $2.2 trillion in crisis relief, most of it going to Corporate America with few strings attached. Beyond that, the Federal Reserve is making over $4 trillion available to banks, hedge funds and other financial entities of all stripes; it has dropped the fed funds rate (the rate at which banks borrow from each other) effectively to zero; and it has made $1.5 trillion available to the repo market.

The High Price Of US Militarism Comes Due

April 4, 2020 Mike Ferner, The Indypendent. Educate! Federal budget, General Electric, Ventilators, Wars and Militarism

Our national priorities have displayed much the same logic as the person who jumped off a 50-story building and observed, “This isn’t so bad,” as they hurtled past the 20th floor. But just like that fool, denial works for only so long. Then splat. For decades, our leaders have invested handsomely in death, spending the majority of our annual tax payments on armaments and empire, leaving humanity and the planet to fend for themselves. Now, in a real crisis, we’re freaking out. It’s not like there weren’t warnings, either. They even came in writing — on banners, picket signs, leaflets, newspapers, even a few on TV. The very best came on the wind, like this one from Dr. Martin Luther King, Jr.: “A nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual doom.”

Of Course, Medicare For All Increases Federal Spending…

July 31, 2018 Margaret Flowers, Health Over Profit for Everyone. Educate! Federal budget, Health Care, Medicare for all

A recent report by the Koch Brothers-funded Mercatus Center at George Mason University found that moving to a National Improved Medicare for All single payer healthcare system would increase federal spending. They analyzed Senator Sanders’ Medicare for All Act and estimated it would increase annual federal spending by $32 trillion over ten years. Don’t let their attempt to weaken the strong support for single payer healthcare in the US fool you. Even though their report underestimates the savings, they admit that single payer would lower the total cost of health care.

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