Budget

There's a war going on. While there are no bullets being fired, no blood being spilled, and no bodies lying on the ground, there are millions of casualties. You almost certainly know one of them. You might even be one of them. What "war"…
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EspañolLast week, the US Office of Management and Budget released next year's federal budget, as proposed by the president. The budget sets out to spend about US$4 trillion next year, gradually increasing to over $6 trillion in 2025. It…
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EspañolOn Saturday, the Senate passed the so-called Cromnibus Bill, a combination of a "continuing resolution" and an "omnibus" spending bill. In short, these bills are used to simplify the politics of funding the government down to a…
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EspañolOn early Tuesday morning, the Puerto Rico Congress approved a US$9.5 billion budget, the first one in 20 years without a deficit. The balanced budget was achieved thanks to a controversial tax called the "national patent," expected…
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Español The Whitehouse's Office of Management and Budget recently released the latest federal budget proposal to the public. Overall spending is expected to rise notably, from US$3.46 trillion to $3.65 trillion. As expected, it is full of…
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It seems that every day on the internet I come across another comment from an angry person on how Republicans, Tea Party Republicans in particular, want to cut some important program: Social Security, Medicare, and even the military’s…
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EspañolHere’s a crazy idea. What if we could choose where our tax money goes? Bear with me, this might actually make sense. Every year the government of the United States is supposed to pass a budget. The budget is the plan for how…
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Personal finance guru and radio talk show host Dave Ramsey calls it "math." In a video circulating social media sites, Ramsey breaks down the Affordable Health Care Act or Obamacare using mathematics only to cut through the partisan…
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EspañolIn a world enamored with the idea of "social justice,"’ it’s a wonder why things haven’t really gotten better, except in those places where evil capitalism has been put to work. For all of the emotional rhetoric associated with the…
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On September 2, Guatemalan congressmen received the proposed general budget for 2014, worth over US$8.93 billion (70.56 billion quetzales) — US$451 million (3.57 billion quetzales) more than the budget approved for 2013. That is a 5.3…
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