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#spending

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WIST Quotations

A quotation from Josh Billings

How menny people thare iz whoze importance depends entirely upon the size ov their hotel bills.
 
[How many people there are whose importance depends entirely upon the size of their hotel bills.]

Josh Billings (1818-1885) American humorist, aphorist [pseud. of Henry Wheeler Shaw]
Everybody’s Friend, Or; Josh Billing’s Encyclopedia and Proverbial Philosophy of Wit and Humor, ch. 156 “Affurisms: Embers on the Harth” (1874)

Sourcing, notes: wist.info/billings-josh/76159/

#quote#quotes#quotation
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Nonilex

The #House narrowly adopted the #Republican #budget blueprint for slashing taxes for the very #wealthy & #corporations & government #spending, overcoming the concerns of budget hard-liners who fear it will balloon the nation’s #debt. The vote was a victory for Speaker #MikeJohnson, who put down a rebellion from deficit hawks, & #Trump, who had stepped up pressure on reluctant #Republicans.

#USpol
nytimes.com/2025/04/10/us/poli

Speaker Mike Johnson and Senator John Thune of South Dakota, the majority leader, at the Capitol on Thursday.
The New York Times · House Passes G.O.P. Budget After Conservative Revolt CollapsesBy Catie Edmondson
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Nonilex

The #House to vote on the #Senate #budget resolution

#Republicans scheduled a vote for Wednesday evening, but they were still at least a dozen votes short of a majority for their fiscal blueprint.

A number of anti-#spending #HouseRepublicans said they planned to defy #Trump & oppose the measure, arguing it would add too much to the nation’s #debt.

#USpol #law
nytimes.com/2025/04/09/us/poli

Speaker Mike Johnson cannot afford to lose many Republican votes for a budget resolution.
The New York Times · Johnson Delays Budget Vote As G.O.P. Defectors BalkBy Catie Edmondson
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C.

#USPol

Questions and an idea for my #USAnian friends...

Your ~~feral~~ federal government is currently being commandeered by an executive that believes that it can rewrite the U.S. constitution via executive orders. One of the primary techniques they are using is usurping the congress's "power of the purse", by either refusing to spend congressionally-allocated funds, or by spending those funds on things other than congress allocated them for.

If the executive branch thinks it's fine to ignore your constitution and screw taxpayers with tax dollars, then...

1) Most of the feds' tax income comes from income tax and various #employment taxes.

2) Employers collect these taxes and remit them to the government.

3) Q: exactly *who* do they remit them to? Based on history, I would think this would be a state agency, who would keep the state/municipal portion and remit the rest to the federal government. Is this correct?

4) "Blue" states are, in general, net payers of tax dollars vs. federal services received.

5) "Red" states are, in general, the opposite - they receive more in federal services / support than they remit in taxes.

So, depending on the answer to (3), my #idea is: why don't blue states stop remitting funds to the federal #government? Don't steal it, just hold it in trust until the feds can be made to follow the law correctly.

I would think this would hurt the feds, a *lot*.

#American#taxes#remissions
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beSpacific

Younger Americans don't have enough saved to cover a single month of spending, showcasing their vulnerability should the economy head into a downturn. Members of #GenZ spending twice the amount they had in savings on average in February. The ratio has increased in the past 2 yrs, and is much higher than for other generations...they tend to spend a bigger share of their incomes on necessities including #rent and #utilities. fortune.com/2025/03/14/gen-z-a #economy #economics #stockmarket #spending

Fortune · Gen Z Americans don’t have enough saved to cover a single month of spendingBy Augusta Saraiva
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N-gated Hacker News

Oh, Canada! 🍁🇨🇦 The Great White North is considering ditching the F-35s because apparently, even snow melts faster than the US decision-making process on jets. ✈️ Meanwhile, #Portugal is also in on the action, proving that when it comes to #military #spending, two can play at indecision. 🤷‍♂️
businessinsider.com/canada-wei #Canada #Decision #Making #F35 #HackerNews #ngated

Business Insider · Canada weighs its purchase of F-35 fighter jets amid US tensionsBy Rebecca Rommen
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beSpacific

#Trump & #RussellVought lead on #Project2025 alum, plan to #impound federal #spending in direct violation of 1974 #Impoundment Control Act. This would prompt legal fight very likely decided by #SCOTUS & threaten separation of powers outlined in #Constitution.Trump Drafts Plans to Take Over #Congress Spending Powers. Donald Trump plans to make massive cuts to spending after Congress decides on the #budget..taking a wrecking ball to our democracy, nothing is stopping him newrepublic.com/post/192733/tr

The New Republic · Trump Drafts Plans to Take Over Congress’s Spending PowersDonald Trump plans to make massive cuts to spending—after Congress decides on the budget.
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