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Tag: Fiscal Policy

Colorado’s path to ruin: How bad policy created crisis and dependency
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Substack, Approved, Commentary, State

Colorado’s path to ruin: How bad policy created crisis and dependency

By Christopher Richardson | Commentary, Substack Colorado stands at a crossroads. For too long, state policy has ignored the basic truths of economics and public safety, and we are now paying the price. The upcoming general session must be more than another exercise in partisan talking points—it must be an honest debate about how we got here, and how we can get back on track. The warning signs are everywhere. Overregulation and endless legal risks have driven businesses out of Colorado. Entrepreneurs hesitate to expand, while larger firms look to friendlier states. The result? Job growth has shifted almost entirely to government payrolls, leaving fewer private-sector opportunities and stagnant wages for working families. At the same time, rising crime has made Colorado less at...
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Colorado Faces $800 Million Budget Gap With No Deal In Sight
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State, Approved, denvergazette.com

Colorado Faces $800 Million Budget Gap With No Deal In Sight

By: Luige Del Puerto | The Denver Gazette Colorado legislators will convene at the state Capitol in about two weeks without first having secured a deal — with the governor or among themselves — outlining how to plug an $800 million budget deficit, which means the upcoming special session could be more open-ended and the fiscal prescriptions, whatever they may be, less defined. An agreement might materialize between now and the special session later this month, as policymakers scramble to line up ideas on how or where to cut the state budget. Gov. Jared Polis said his proclamation a few days ago set the parameters of what the legislators will discuss — but it will be up to the latter to decide the details of the fiscal remedy. "The legislators decide what bills to pass...
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Progressive Spending Comes Due as Colorado Faces Billion Dollar Shortfall
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State, Approved, DENVER7

Progressive Spending Comes Due as Colorado Faces Billion Dollar Shortfall

By Brandon Richard | Denver7 News State lawmakers will likely return to the Colorado Capitol for a special session to address the budget shortfall. DENVER — For the second time this year, Colorado is facing a massive budget shortfall, and the legislature’s top Democratic leaders blame President Donald Trump’s "big, beautiful bill." State budget officials released new projections on Wednesday, showing the current budget is suddenly $1.2 billion in the red. “Right now, we don’t have the cash to pay our bills,” Colorado budget director Mark Ferrandino told lawmakers. "We are talking about a budget and a revenue shortfall equivalent or greater than what we saw during the Great Recession." Some lawmakers were left shell-shocked and worried for Coloradans struggling to make it. ...
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A Trump tariff legacy: U.S. Treasury posts June surplus of $27 billion
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Investing.com, Approved, National

A Trump tariff legacy: U.S. Treasury posts June surplus of $27 billion

By Frank DeMatteo | Investing.com Investing.com -- Just one week after President Trump signed the “Big Beautiful Bill” into law, the administration is celebrating again. The U.S. government posted a budget surplus for June, driven in large part by Trump’s aggressive tariff policies. The June 2025 budget recorded a surplus of over $27 billion, the first monthly surplus since 2017. Economists had expected a deficit of $41.5 billion for the month. A key factor was the surge in customs duties, which totaled roughly $27 billion for the month. That’s up from $23 billion in May and a staggering 301% increase compared to June 2024. So far this year, tariff collections have reached $113 billion, up 86% from the same period last year. Much of the increase is tied to the across-the...
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OMB Director Russell Vought: If Trump’s bill fails, expect recession and 60% tax increase
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Approved, Fox News, National

OMB Director Russell Vought: If Trump’s bill fails, expect recession and 60% tax increase

By Diana Stancy | Fox News OMB Director Russell Vought has cautioned about a recession if Trump's tax and spending package isn't passed The White House is challenging the nonpartisan Congressional Budget Office’s assessment that President Donald Trump’s sweeping tax and spending package will raise the federal deficit by trillions of dollars throughout the next decade. The national debt, currently $36.2 trillion, tracks what the U.S. owes its creditors, while the national deficit measures how much the federal government’s spending exceeds its revenues. So far, the federal government has spent more than $1 trillion more than it has collected this fiscal year, according to the Department of the Treasury.  The Congressional Budget Office (CBO) issued an analysis...
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