EconAir

Secretary of the Treasury PRELIMINARY SUMMARY OF FISCAL YEAR 2025 BUDGET   The Congressional Budget Office (CBO) made their latest projection in January, 2025. The projected deficit in fiscal year 2025 will be around $1.8 trillion, the difference between about $5.2 trillion in revenue and $7.0 trillion in expenses. Interest on the national debt this year will be around $950 billion, over twice the interest expense in the fiscal year 2021 budget. By 2035, the CBO expects the  yearly  budget deficit to increase to $2.7 trillion.   Interest expense this year passed budgeted outlays for the military. It is about equal to Medicare, and also to total non-defense discretionary spending.   Leaving aside Social Security and Medicare, interest expense is about 20% of total budget outlays. Interest expense is about half the budget deficit.   The $1.8 trillion budget deficit is 6-7% of total GDP, or approximately 10% of consumer spending. Adding the $1 trillion trad...

I HEARD THE NEWS TODAY U.S. MARINES INVADE CALIFORNIA U.S marines in battle-dress storm ashore, securing the beaches of Santa Monica. They fight their way thru sunbathers, skateboarders, volleyball players, and joggers. Some marines are surprised on how poorly clothed the natives are. Deployed to defend federal buildings, the marines are faced with angry but unarmed demonstrators from the barrios of Beverly Hills and Brentwood. The Marines are ordered not to protect Tesla showrooms from demonstrators. After completing their mission of protecting U.S. property from the descendants of immigrants, a grateful president promised them liberty passes to Tijuana. Marines with Latino/Chicano names are barred reentry into the United States. President Trump says the 700 marines will make Los Angeles, a city of 3.8 million people, "free, safe and clean." Apparently, the only part of L.A. the marines went to was Disneyland. The marines, their mission accomplished, had to be airlifted out ...