Downsizing Blog
Trump to Spend $5.4 Trillion in 2021
President Trump’s new budget projects that federal spending will rise to $4.83 trillion in fiscal year 2021. When Trump came into office in 2017, spending was $3.98 trillion. In just four years under this president, spending will be up $850 billion, or 21 percent.
President Trump’s 2021 Budget
The Trump administration has released its budget for fiscal year 2021. In the face of huge deficits, the budget proposes numerous reforms to discretionary and entitlement spending and foresees the budget eventually balancing by 2035.
Cato’s Letters: 300 Years
I grabbed a book off my shelf the other day that I had not read in years. The English Libertarian Heritage is a sampling of essays written three centuries ago by John Trenchard and Thomas Gordon.
Federal Budget Outlook: Worse than CBO
The Congressional Budget Office has released new projections for federal spending and revenues through to 2030.
Taxpayers Eat Another Solar Energy Flop
Looks like another federally backed solar energy plant has gone bust.
New York Shortchanged but NY Politicians No Help
I reported that state and local governments in New York spend twice as much as governments in Florida. New York also has a larger bureaucracy.
Amtrak’s Big Lie
Recent articles in respected business journals report that Amtrak lost only $29.8 million in 2019 (out of $3.3 billion in total revenues) and that it expects to make a profit in 2020.
New York vs. Florida on Bureaucracy
New York and Florida have similar populations of 20 million and 21 million, respectively. But state and local governments in New York spent twice as much.
Neil Peart: An Appreciation
Neil Peart, drummer for Canadian rock band Rush, passed away last week after a three-year battle with brain cancer.
New York’s Government Is Twice the Size of Florida’s
New Census data show that Americans are continuing to move from high-tax to low-tax states. One of the largest migration flows is from New York to Florida.