Deficit expected to hit one trillion dollars by the end of the month

The U.S. deficit will approach $1 trillion dollars by the end of this fiscal year, according to new estimates from the nonpartisan Congressional Budget Office. From this time last year until now, the U.S. deficit grew by $222 billion — reaching a total of $895 billion….

Fact Checking Jake Tapper’s Grossly Inaccurate ‘Fact Check’ On Medicare For All

$32 trillion. You may have seen this number in corporate media coverage and Republican propaganda. It’s the estimated cost of universal health care over a 10-year period. It’s a big number—a big, scary number. So hacks like the editorial board at The Washington Post use…

OOPS: Right-Wing Study Admits Medicare For All Saves Money

$32 trillion. You may have seen this number in corporate media coverage and Republican propaganda. It’s the estimated cost of universal health care over a 10-year period. It’s a big number—a big, scary number. So hacks like the editorial board at The Washington Post use…

Wages TANK After Trump’s Wealthy Tax Cut

When Republicans delivered $1.5 trillion in tax cuts last December and slashed the corporate tax rate from 35 percent to 21 percent, they said it would come with a big wage boost for American workers. Except it hasn’t. Over the weekend, this chart from Bloomberg…

$1.2 Trillion Fund Will Punish Companies Ignoring Climate Change

–British legal firm Legal and General, which manages a $1.2 trillion fund for investors, will be pulling funds from companies that ignore climate change ‘Money talks’: A $1.2 trillion fund manager is about to pull investment from companies that won’t act on climate change -Become…

Trump’s plan to slash EPA, clean energy funding gets the cold shoulder from Congress

Lawmakers on Wednesday unveiled a $1.3 trillion omnibus spending bill that would fund the government through the end of September. The legislation, packaged in a 2,232-page document, still needs to pass both chambers of Congress and get President Trump’s signature before Friday at midnight in…

Trump Govt Will Borrow $1 Trillion, 84% Increase from 2017

–Trump’s Treasury Department is set to borrow one trillion dollars this fiscal year, doubling last year’s total and setting the highest borrowing total in six years https://www.sfgate.com/news/article/Government-set-to-borrow-nearly-1-trillion-this-12549659.php -Become a Member: https://www.davidpakman.com/membership -Support Our Patreon: https://www.patreon.com/davidpakmanshow -Donate via Bitcoin: 15evMNUN1g4qdRxywbHFCKNfdCTjxtztfj -Donate via Ethereum: 0xe3E6b538E1CD21D48Ff1Ddf2D744ea8B95Ba1930 -Donate via…

ADVISORY: CAP, Not One Penny To Host Mayors on How Trump’s Tax and Infrastructure Plans Hurt American Cities – Center for American Progress

Washington, D.C. — In December 2017, Congress enacted a major tax bill that will add $1.5 trillion to federal deficits over the next decade while primarily benefiting corporations and wealthy individuals. The tax bill is part of the Trump administration’s broader economic agenda, which prioritizes…