Tag: taxes

CBO Issues Dire Forecast for US Debt

The US Congressional Budget Office is warning that the federal deficit has hit a point of no return. It is far too late to cut wasteful government spending. Politicians have kicked the can down the road for far too long and left us with a financial system held up through perpetual borrowing that cannot be reversed.

The CBO’s long-term forecast shows the federal deficit rising to 7.3% of GDP by 2055, but the figure is currently at 6.2% as of 2025 and this is an optimistic report. In contrast, the 30-year average from 1995 to 2024 was 3.9% of GDP. Public debt is projected to hit 156% of GDP by 2055, up from the 100% of GDP we face today.

Now the CBO mentioned that Trump’s tariffs could negatively impact the economy but we reached the point of no return years ago. Trump cannot be blamed for the current situation in the least. “Mounting debt would slow economic growth, push up interest payments to foreign holders of U.S. debt and pose significant risks to the fiscal and economic outlook,” the Long-Term Budget Outlook: 2025 to 2055 stated.

The Baby Boomer generation is at or nearing retirement and Social Security benefits are currently at 5.2% of GDP. The CBO believes this will reach 6.1% of GDP in 2055 but fail to recognize the fund is drying up. The Ponzi Scheme will come crashing down.

Interest expenditures alone have hit 3.2% of GDP as America. In 2024, the US spent $881 billion simple to finance its massive debt, and that figure is projected to reach $1.8 trillion by 2035. We spend more on servicing debt than we do on defense spending at this point.

Raising taxes cannot solve this massive issue, but that will not prevent the government from attempting to extort the people to cover their fiscal mismanagement. The government knows it is trapped and will continue to hold off on paying down their debt as long as possible. Worse still, other nations are decreasing their investments in Treasuries as we have seen with China and Russia. Japan is our main buyer now but they have their own colossal problems.

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Major Cuts to HHS – Spending Has Not Improved America’s Health Crisis

The US Department of Health and Human Services (HHS) announced plans to cut its workforce by a quarter, eliminating 10,000 positions. Robert F. Kennedy Jr. has vowed to gut the entire agency in his effort to Make America Healthy Again, vowing that eliminating excess bureaucracy will allow the agency “to do more with less.”

The agency plans to cut $11 billion in public health funding, and while Kennedy admits there will be a “painful period” ahead, one must look at the numbers and realize that these inflated agencies have not led to improved health care. “All of that money,” Kennedy said of the department’s $1.7 trillion yearly budget, “has failed to improve the health of Americans.”

America is one of the sickest nations in the developed world. Critics believe that these cuts will damage public health, but America is spending nearly 18% of its GDP on health care initiatives without results. The average American will not live to see 80 years of age. The average life expectancy stands around 76.4 years, according to the CDC, with women living an average of 79.3 years and men expiring sooner at 73.5. Those figures have been steadily declining each year. In comparison, the global average is 82.5 years.

The US ranks 32 out of 38 OCED nations for life expectancy. Yet, the US spends far more per capita on health compared to other developed nations. In 2023, America spent $13,432 per capita. In comparison, Switzerland and Germany, the second and third highest spenders, only pay a bit over $7,000 per capita and have healthier populations.

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Jackson-Hewitt Tax Services Allegedly Caught Handing Out Tax Filing Instructions to Illegal Migrants

With Tax Day a little more than two weeks away, Jackson-Hewitt Tax Services has been caught handing out flyers in New York City allegedly advising illegal migrants on how to get up to $14,000 in tax refunds from the IRS.

According to independent journalist Savanah Hernandez, the company’s representatives are handing out information outside the Roosevelt Hotel migrant shelter with tax filing tips showing illegal aliens how they can get thousands of dollars from the IRS based on how many children they claim to have.

Hernandez presented a flyer that seems to inform the migrants that they can get a $7,650 refund if they claim one child, $12,635 if they have two, and $14,255 for three children.

After Hernandez posted this video to X, Department of Government Efficiency (DOGE) chief Elon Musk noted that this sort of fraud is costing America billions and serving to attract illegals to this country.

“IRS refund fraud payments are one of several means used by the Democratic Party to attract and retain illegal immigrants in the USA. That’s why they are so opposed to @DOGE stopping this!” Musk wrote.

“The Democratic Party is aiding and abetting fraudulent government payments to illegals in order to establish a permanent one-party majority nationally, just like they did in California,” he said. “The more you look into it, the crazier it gets.”

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Treasury burned through $286BN of its cash balance in the past month

The US Treasury Department has burned through cash at a historic rate in the last month – an alarming signal that may require lawmakers to intervene to prevent the country from defaulting on the national debt.

The agency, now led by former hedge fund manager Scott Bessent, has burned through $286 billion in the month of March alone.

This is the largest single-month drawdown in American history, and it’s only rivaled by the Treasury spending $279 billion in August 2021 during the height of the pandemic. 

The Treasury General Account (TGA), essentially the US government’s checking account, now has just $280 billion left for disbursing funds for Social Security checks, government salaries and other crucial programs millions of Americans rely on.

The last time the Treasury’s coffers dwindled this low was in 2023 when the US breached the debt ceiling, a legal limit set by Congress on how much the government can borrow to pay its bills.   

By May of that year, the TGA, which is managed by the Federal Reserve, was down to just $37 billion. 

This prompted then-President Joe Biden and then-House Speaker Kevin McCarthy to strike a deal suspending the debt limit. 

The government proceeded to issue new debt in the form of bonds and by October 2023, the TGA soared back up to more than $800 billion. It stayed at around that amount give or take $100 billion for the rest of Biden’s term.

On January 21, 2025, the day after Trump was sworn in, the Treasury was still flush with $704 billion. The account balance has fallen by an unprecedented 60 percent in just three months.

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South African Constitutional Court: “Kill the Boer, Kill the Farmer” is Not Hate Speech – Trump Administration Drops Military Aid to South Africa

The South African Constitutional Court has rejected a lawsuit by civil rights org AfriForum against the song “Kill the Boer” as sung by the Marxist “Economic Freedom Fighters”, saying it has “no reasonable prospects of success.” The Trump administration has cut all aid and military assistance to South Africa over its blatantly racist and discriminatory laws.

According to the Sunday Times, the Trump administration has cut military assistance and cooperation with the South African National Defence Force (SANDF) and expelling its military attache Brigadier Gen. Richard Maponyane. The paper cited a memo dated March 13 from the US State Department to Aaron Harding, the CFO of America’s Defense Security Co-operation Agency (DCSA). Any South African military personnel in the US for training will be sent back to South Africa ASAP, Business Insider reported.

The Trump administration announced it was suspending US aid to South Africa February 8 over its race-based expropriation law and pertsecution of ethnic minorities. South Africa’s US Ambassador Ebrahim Rasool was kicked out of the USA after accusing US President Donald Trump of leading a “global white supremacy movement.”

EFF leader Julius Malema called everyone who complains of a “white genocide” in South Africa “racist” and told them to leave the country on “Human Rights Day” March 21 before singing the “struggle song  Kill the Boer, Kill the Farmer with a crowd of 60,000 dancing supporters.

A 30-year old farmer was tortured to death by 3 men in police uniforms the next day.

In a post on X March 24, US Secretary of State Marco Rubio criticized the song: “Kill the Boer” is a chant that incites violence. South Africa’s leaders and politicians must take action to protect Afrikaner and other disfavored minorities. The United States is proud to offer those individuals who qualify for admission to our nation amid this continued horrible threat of violence,” Rubio wrote.

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RFK Jr. Moves to Cut Soda from List of Approved Food Stamp Purchases – Pay Attention to Who Is Fighting Him on It

If HHS Secretary and healthy food advocate Robert F. Kennedy Jr. has his way, SNAP will stand for Soda Not Allowed Period.

On Friday, Kennedy brought his “Make America Healthy Again” campaign to West Virginia, where Republican Gov. Patrick Morrisey announced that he will be seeking permission from the Department of Agriculture to put soda on the list of items that cannot be bought through the Supplemental Nutrition Assistance Program, often referred to by its former name of food stamps, according to The Washington Post.

“Taxpayer dollars should be targeted toward nutritious foods,” Morrisey said.

Kennedy issued a full-throated request for states to copy Morrisey’s lead.

“I urge every Governor to follow West Virginia’s lead and submit a waiver to the USDA to remove soda from SNAP,” Kennedy said in a statement, according to Newsweek.

“If there’s one thing we can agree on, it should be eliminating taxpayer-funded soda subsidies for lower income kids. I look forward to inviting every Governor who submits a waiver to come celebrate with me at the White House this fall,” he said.

Waging a SNAP war on soda is opposed by Valerie Imbruce, director of the Center for Environment and Society at Washington College.

“Controlling how the poor eat is a paternalistic response to a problem that is not based in SNAP recipients’ inability to make good decisions about healthy foods, it is a problem of the price differential in choosing healthy or junk foods,” she said.

“Soda and candy are much cheaper and more calorie dense than 100 percent fruit juices or prebiotic non-artificially sweetened carbonated beverages, thanks to price supports and subsidies by the federal government to support a U.S. sugar industry,” she added.

The soda industry was also miffed, the Post noted.

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You Won’t Believe What Insanity HHS Was Funding

Do you want your taxpayer dollars funding studies on preventing pregnancy in “transgender boys” or HIV stigma in Thailand? Fortunately, Trump’s Health and Human Services secretary also considers that a waste, so he’s cutting numerous idiotic woke studies.

The Department of Government Efficiency (DOGE) and Trump’s new agency heads have uncovered billions of dollars of egregious fraud and waste, including the previously unknown agency whose employees lived “like kings” and the Social Security funding for 150+ year olds. Now HHS Secretary Robert F. Kennedy Jr. is looking to streamline the massive, unwieldy, unconstitutional, and harmful federal healthcare agencies. It’s time to cure the woke mind virus. Read on for mind-blowing craziness.

First reported on Fox News, the woke HHS grants — presumably Biden-era, though there’s been deep government corruption for decades — included one for over $5 million to study “Harnessing the power of text messaging to reduce HIV incidence in adolescent males across the United States.” A Stanford University study, “Sex hormone effects on neurodevelopment: Controlled puberty in transgender adolescents,” received over $3.6 million from HHS. 

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DOGE Reveals Mind Shocking Fraud Propping Up Economy

Former Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com is back with an update of a report on “Danger of Deep Worldwide Recession in 2025.”  It was not just heavy government spending on illegal immigration, but “mind shocking” fraud that has been revealed with DOGE (Department of Government Efficiency).  Investigators have uncovered $115 billion so far with many hundreds of billions more to be exposed.   Dowd says, “Both sides of the aisle are probably going to have problems.  The DOGE revelations are mind shocking.  The clear way in which the government was spending money through NGOs (non-governmental organizations) and people taking kickbacks and profits along the way is going to come out.  There may have been theft along the way.  What business does Stacy Abrams have getting $2 billion for an NGO?  This doesn’t make any sense.  It’s going to be shocking, even shocking to me.  I knew there was rot in the system, but the mind blowing way the NGOs were used to facilitate the illegal immigration just blows my mind.  The 10 million plus illegals that came in over the last four years, you just don’t wake up one day in Central America and say I am going to the Darien Gap, and go to the Mexican border and then meander my way into the interior of the US without a tremendous amount of aid along the way.  NGOs facilitated that and probably took their cut.  What was the all-in economic cost of the goodies they got once they got here?  Plus, the NGOs spent and what the government spent themselves to facilitate this, it’s not hard to imagine $50,000 to $100,000 all-in cost per illegal. . . . This is the all-in cost up and down the entire economic food chain. . . . It was anywhere between $500 billion to $1.5 trillion depending on the illegals.  It was an illegal project funded purposely, and it was very logistical.  It was not something that just happened overnight.”

The result, says Dowd, was the US economy was propped up when it should have already tanked.  Now, all this spending on this illegal invasion is going away.  Dowd says, “When we wrote our report, we were surprised on how fast DOGE would get to work. . . . This is why our thesis is playing out a little quicker than we thought. . . . The housing market was on fragile ground the last year or so.  It was held up by illegal immigrants supporting rent prices.  So, as that unwinds, we think there will be a mini 2008–2009 housing issue.  Housing prices are going to come down, and that is a big driver of consumption in the economy.  That needs to happen because home affordability is off the charts.”

Dowd also see a recession coming as the government downsizes, illegal alien funding gets cut and illegals continue to self-deport.  Dowd says, “Consumer confidence has taken a nosedive recently, and you can see why.  There are 10 million to 15 million illegal immigrants worried about their gravy train coming to an end.  So, they may be holding back on their spending.  There are millions of government employees worried about their jobs.  Then, you have the NGO networks that employ about 6 million people.  So, you have about 20 million to 25 million people that are in the workforce . . . worried about where their money is going to come from, and that can cause consumer spending to slow down.”

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Maryland Democrats Pass “Sleep Tax” – Is A Thinking Tax Next?

Maryland lawmakers are scrambling to address a staggering $3.3 billion budget shortfall.

To close the gap, far-left Governor Wes Moore and activist Democrats have proposed a wave of tax hikes that would hit Marylanders’ wallets the hardest amid a deepening affordability crisis. 

With power bills already skyrocketing to record highs for many folks due to backfiring and disastrous green energy policies, these same progressive lawmakers are creating even more nightmares for taxpayers—this time by proposing a tax that effectively targets sleep.

A small but vocal group of conservative Republicans in the Maryland House of Delegates were stunned on Friday when far-left Democrats pushed through HB 858—a bill that establishes a mattress stewardship program under the guise of promoting safe disposal and recycling. This is another tax on Marylanders as the state sinks into financial turmoil and elevated credit downgrade risks. The new 6% tax on mattresses is on top of the existing 6% sales tax. 

Del. Mark N. Fisher (R-Calvert), one of the leaders of the Maryland House Freedom Caucus, blasted the “Sleep Tax” and asked if there would be a “snoring surcharge.”

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Transgender inmate arrested for strangling 11-month-old daughter allowed to receive gender reassignment surgery

An inmate claiming to be a transgender woman who allegedly strangled her 11-month-old daughter to death is set to receive state-funded gender transition surgery.

Autumn Cordellione, born Jonathan Richardson, was sentenced to 55 years behind bars in 2001 in Indiana for killing her stepchild while her partner was at work.

In 2023, she requested but was denied gender transition surgery — leading her to file a lawsuit with the American Civil Liberties Union (ACLU).

A federal judge found she was at risk of harm if she did not get surgery and granted an injunction — a legal order requiring someone to do something — to have Cordellione undergo an orchiectomy, to remove testicles, and a vaginoplasty, to invert the penis into a vagina. Overall, these surgeries typically cost about $27,000 in total.

The decision to allow the surgeries to move forward came despite the opinion of a psychologist, who said Cordellione did not have gender dysphoria and did not need the operations, but rather was seeking attention.

But the ACLU said refusing to organize the surgeries violated the eighth amendment — that no punishment be excessive.

The Indiana Department of Corrections (IDOC), which had refused the surgeries, argued, however, it could not fund them because of an Indiana state law that bars the use of taxpayer funds for gender transition procedures for inmates.

Despite that, it has now been ordered to arrange them, and find a surgeon for Cordellione — who was rejected as a patient by the state’s only gender-transition clinic because it said it did not operate on inmates.

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