Deficit

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

denvergazette.com, Approved, Local / / , , , ,

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.

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

Approved, 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.

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