Reining In Government Spending
Yesterday, we asked the question: “If you could rein in government spending on U.S. interventionism, how would you spend the money in consideration of U.S. interests?”
We got an avalanche of responses. Keep ‘em coming. In the meantime, we feature some of our contributors…
“My answer,” a reader says, “First and foremost, I would use that money to balance the budget and pay down our enormous debt.”
Would it surprise you to know she’s a CPA?
“How to save money for the USA?” our next reader queries. “Easy! Stop ALL foreign aid for six months to one year pending a full review of each country and our goals.”
Last, a reader says: “I can truly say I am ashamed of our government and their war games.
“Especially when we need new roads, bridges, high speed trains in and out of our major metropolitan areas.
“We need free university so we can compete for jobs in the global workforce. We need universal health care, free (healthy) school lunches and homeless shelters.”
Check back tomorrow for more of your opinions.
Your Rundown for Tuesday Jan. 14, 2020
Ask and Receive
We asked the question at the top yesterday… and the government’s providing an answer.
According to the Washington Post, Trump’s proposed channeling $7.2 billion away from military spending to keep one of his campaign pledges. Building that “beautiful” wall at our southern border.
Of course, that figure is about five times more than his administration got from Congress last year after the longest government shutdown in U.S. history.
“The funds will reportedly be used to pay for 885 miles of fencing by 2022, far more than the roughly 100 miles of new barriers on the southern border,” Business Insider reports.
While the wall is still incomplete, the government’s already allocated a total of $18.4 billion federal dollars to the wall since Trump became president.
A good use of government funds?
Well, the clock’s ticking; the president said he’d complete, at minimum, 450 miles of the border while by 2020.
Market Rundown for Tuesday, Jan. 14, 2020
S&P 500 futures are down 4 points to 3,284.
Oil is up 41 cents to $58.49 for a barrel of WTI.
Gold’s lost $6.90 to $1,543.70 per ounce.
Bitcoin is up $576.60 to $8,717.72.
Have an outstanding day. We’ll talk tomorrow.
For the Rundown,