Downsizing Blog
Presidential Spending Update
Federal spending is rising and the government’s debt is growing by a trillion dollars a year.
Minding Money by Migrating
Americans are moving from higher-tax states to lower-tax states.
Federal Spending Tops $5 Trillion
The Congressional Budget Office and the Office of Management and Budget both project that federal government spending will be about $4.6 trillion in fiscal year 2020.
Amtrak Accounting Tricks Cover Up Losses
Amtrak recently announced that it will begin operating nonstop service between New York and Washington in 2 hours and 35 minutes in September.
How the Government Creates Wealth Inequality
There are economic storm clouds on the horizon, but for now wages are rising, jobs are plentiful, and poverty is falling.
New York Times on Opportunity Zones
The Tax Cuts and Jobs Act of 2017 included capital gains tax cuts on investments in chosen areas called “opportunity zones.”
Transit Riders Drop 2.9% in June
The nation’s heavily subsidized transit industry continued its descent into oblivion with a 2.9 percent decline in ridership in June 2019, compared with June 2018, according to the Federal Transit Administration’s most recent data.
Tax-Hike Decade Looms
The Democratic presidential contest is revving up the tax policy debate.
Private Pay Growth Tops Federal in 2018
The Bureau of Economic Analysis has released data on worker pay for calendar 2018.
Baltimore: Is it Taxes?
Baltimore is in the news for its poor economic situation and lack of opportunity for many of its residents. The problem may be that taxes are too high.