rents about to get a little more affordable in DC metro: Trump budget expected to seek historic contraction of federal workforce President Trump’s budget proposal this week would shake the federal government to its core if enacted, culling back numerous programs and expediting a historic contraction of the federal workforce. This would be the first time the government has executed cuts of this magnitude — and all at once — since the drawdown following World War II, economists and budget analysts said. The spending budget Trump is set to release Thursday will offer the clearest snapshot of his vision for the size and role of government. Aides say that the president sees a new Washington emerging from the budget process, one that prioritizes the military and homeland security while slashing many other areas, including housing, foreign assistance, environmental programs, public broadcasting and research. Simply put, government would be smaller and less involved in regulating life in America, with private companies and states playing a much bigger role. The cuts Trump plans to propose this week are also expected to lead to layoffs among federal workers, changes that would be felt sharply in the Washington area. According to an economic analysis by Mark Zandi, chief economist for Moody’s Analytics, the reductions outlined so far by Trump’s advisers would reduce employment in the region by 1.8 percent and personal income by 3.5 percent, and lower home prices by 1.9 percent. “These are not the kind of cuts that you can accommodate by tightening the belt one notch, by shaving a little bit off of a program, or by downsizing a few staff here or there,” said Robert Reischauer, a former director of the Congressional Budget Office. “These are cuts that would require a wholesale triage of a vast array of federal activities.” Still, budget experts said it was unclear what the precise impact on many agencies might be because the departments could choose to implement reductions in a variety of ways. Administration officials have also stressed that discussions are ongoing between budget officials and agencies, and that the size of the budget cuts remains fluid. Moreover, the cuts cannot take effect unless they are authorized by Congress, which could prove difficult. Lawmakers routinely rebuffed budget requests from President Barack Obama, leading instead to protracted negotiations between both sides. Already, Democrats have vowed to fight Trump’s proposals, and some Republicans have also expressed unease at the size of the reductions. The White House declined to comment publicly, but administration officials have signaled for weeks that large cuts will be part of the budget. https://www.washingtonpost.com/busi...b_story.html?tid=ss_tw&utm_term=.4201bc2c76b5
Trump will actually force republican congressmen to live up to their boasts. Prediction: they will fold like cheap lawn chairs. Dems will parade crying children bawling that trump wants to kill Barney. It worked last time a republican tried to cut the budget.
George Soros would love this. Reflexivity. Government can't do anything right. Cut them back. They have people standing around doing nothing, then, lines are getting longer and longer at all government offices because government can't do anything right. Heads I win tails you lose. That should be good for a billion dollars.
We have a major snowstorm coming in DC. "Nonessential" workers generally get to stay home. Good way to decide which ones to can. if they are nonessential, why are they there? For companionship?
Actually I am working as a IT contractor in D.C. these days. All the federal buildings are expected to be closed Tuesday. You have to work remotely (in my case from my hotel). The only people that are "essential" to come in on-site are the security guards for the building. Most federal employees near D.C. will be working tomorrow - however they will be working remotely from home. You can see the status of the Federal Buildings (open or not) at the following website - https://www.opm.gov/policy-data-oversight/snow-dismissal-procedures/current-status/ Take a peek tomorrow.
Guess that means we could sell off all those Wash DC buildings for a few billion and hire out the jobs to people in red states and let them work remote from home. Win win for our side.
The debt ceiling limit kicks in tomorrow. We've seen in the past what kind of congressional chaos ensues when they fight about this. And right after Trump won the election, the deep state establishment went to work in their effort to run over Trump. Right before the election, the treasury was borrowing money hand over fist and building a cash hoard, all in the expectation that Killary would win and the large amount of treasury cash could be used to wait things out while the fight proceeded. But after Trump, it all turned around. They stopped issuing debt and started paying it down. And this is wholly different from previous years. They've done it to the point that there is very little cash in the federal gov't till. What this means is that there's no money to fart around with while they negotiate and apply pressure tactics. One way or another, this is going to be used to force Trump to concede to things the deep state establishment want. The enemies of the people strike again. https://dailyreckoning.com/mystery-treasurys-disappearing-cash/