Displaying 11 - 20 of 212 Forum PostsPrev 1 2 3 4 5 Next
  • May 31, 2017 06:01 PM
    Last: 18d
    651

    What Trump cut in his agency budgets.

    Great resource right there. Outlines exactly what Trump's 2018 federal budget proposal would do. All the cuts, and all the increases. The %s are listed below, for each department of note. But the article goes into much more depth, for each department as to exactly what's being cut and/or increased.

    The summary I found most telling though:

    To pay for an increase in defense spending, a down payment on the border wall and school voucher programs, among other things, funding was cut from the discretionary budgets of other executive departments and agencies. The Environmental Protection Agency, the State Department and the Agriculture Department took the hardest hits.

    What do you make of all this? Aside from the increase to Veteran Affairs, I find the reallocation of funds disturbing to be honest. Reports are suggesting that his proposal cuts $4.1 trillion from social safety net programs. While increasing defense spending by $54 billion.

    I must be missing something though.. does that mean he proposes to save over $3 trillion with the cuts? That can't be remotely true. What am I missing?

    Here are those % numbers. Curious everyone's thoughts on all this.

    Cutting by % -?

    33% of the State Department
    31% of the EPA
    21% of the Agriculture Dept
    21% of the Labor Dept
    18% from the Dept of Health and Human Services
    16% from the Commerce Dept
    14% of the Education Dept
    13% from Dept of Housing and Urban Development
    13% from the Transportation Dept
    12% from the Interior Dept
    6% of the Energy Dept
    5% from Small Business Administration
    4% from the Treasury
    4% from the Justice Dept
    1% from NASA

    Increases in Spending by % -

    6% for the Dept of Veteran Affairs
    7% for the Dept of Homeland Security
    9% to the Defense Department

  • May 15, 2017 02:24 PM
    Last: 26d
    562
    What's the latest on this? Is this something that's going to be voted on, or just a proposal from the administration, for talking points? Tried to google, and got a little confused.. anyone know?
  • Feb 28, 2017 02:01 PM
    Last: 27d
    6.7k

    News on this front, and it's not good:

    Trump budget: $800 billion in Medicaid cuts

    Boils down to a proposal of slowly cutting federal funding until it's down by 25% by 2026.

  • Mar 27, 2017 01:43 PM
    Last: 2mo
    2.2k
    JFoster Wrote:

    Don't get discouraged by the mountains of information out there. According to the IRS, 20% of American tax payers miss out on a tax break worth up to $6,269. Now that is something to think about.

    If they wanted to fix this, I think they could. Couldn't you just put every single tax program into a system, then have someone enter in all their info and answer a load of questions, and have that spit out all the programs they qualify for come tax season?

    I suppose tax software programs claim to be able to do this already. But it irritates me that you have to a pro just to hopefully get every program that should be coming your way. I say again, this shouldn't be so complicated that its it's own industry. That's the definition of a cottage industry.

  • Apr 02, 2017 01:55 PM
    Last: 2mo
    795
    Good advice. Asking a lot of questions is the best way to go. The less lenders are willing to share and answer freely, the more likely you will be paying crazy high fees and % interest rates that you won't realistically be able to even afford.
  • Mar 30, 2017 03:10 PM
    Last: 2mo
    7.6k

    Here's a great resource for SNAP benefits. It shows all 50 states and how much they offer in total benefits, benefits per person/month, benefits per household, persons and households participating, and several ways to filter information.

    Compare SNAP Participation and Benefits

  • Apr 19, 2017 03:39 PM
    Last: 2mo
    731
    They should just focus audits on the top earners in the country that pay little to no taxes. Like corporations. Sure, cut funding. Why not. :) Just make it more targeted. (I just don't want to ever have to deal with it)
  • Apr 08, 2017 09:43 PM
    Last: 3mo
    1.9k

    Every state gets a block grant from the government, to spend on a host of welfare programs, for families in need. Decided to look at my state's spending pie chart out of curiosity (Texas), then realized that every state spends wildly different. I suppose this is a good thing, as states can decide to allocate funds by their individual state's needs.

    But thought it worth noting all the same, if anyone here wants to check out how their state invests in TANF (Temporary Assistance for Needy Families, and MOE (Maintenance of effort), use this state by state spending guide.

    To be more clear, we are talking about these programs and services (minus the admin and systems costs):

    • Pre-Kindergarten/Head Start
    • Home Visiting
    • Child Welfare Services
    • Supportive Services
    • Services for Children and Youth
    • Assessment/Service Provision
    • Basic Assistance
    • Work, Education, and Training Activities
    • Work Supports
    • Child Care (Assistance and Non-Assistance)
    • Financial Education and Asset Development
    • Refundable Earned Income Tax Credits
    • Non-EITC Refundable State Tax Credits
    • Non-Recurrent Short Term Benefits
    • Prevention of Out-of-Wedlock Pregnancies
    • Fatherhood and Two-Parent Family Formation and Maintenance Programs

  • Apr 05, 2017 05:23 PM
    Last: 2mo
    966

    Not a good idea. But it does make me realize even further just how inadequate the IRS is at handling everyone's taxes. The IRS is very bogged down, and far too complicated. Unfortunately it's the perfect example of government doing a job worse than the private sector.

    That said, simply passing on the debt is not making use of the private sector for efficiency. No, instead its making the government more money, and getting outside parties to do their dirty work for them.

  • Mar 28, 2017 05:52 PM
    Last: 2mo
    33k

    Just read this article on the Motley Fool:

    The Biggest Social Security Change in 2017 That's Not Being Advertised

    Here's the exert of note:

    Beginning in 2017, brand-new retirees who can enroll for Social Security benefits, but were born in 1955, won't reach their full retirement age until age 66 years and 2 months. Starting this year and in each successive year thereafter through 2022, the full retirement age will increase by two months to account for lengthening life expectancies, as outlined by the Social Security Amendments of 1983. This will culminate in a full retirement age of 67 years for those born in 1960 or after.


    So this had me wondering if this was really new information, or if Motely Fool was just reporting on a well known fact, but packaging it as 'news'. Seems it is new. Officially in 2017, full retirement ages are changing for everyone born after 1937. The above quote is completely accurate. And if you are wanting more detailed and official info, here's what I found about ALL the changes to Social Security and full retirement age changes for 2017 onward:

    2017 Brings New Changes to Full Retirement Age. Here's a blog SSA wrote about the changes to full retirement age, starting in Jan of 2017, for starters. It's a quick read.

    Retirement Planner: Full Retirement Age. This is from the Social Security official website. It breaks down everything you need to know about retirement ages based on your DOB, as well as calculators and what happens to your SS benefits if you claim early vs on time vs late, age wise.

    2017 Social Security Changes Fact Sheet. Everything the SSA changed about benefits, including COLA (cost-of-living slight increase), tax rates, taxable earnings increase, coverage amounts, disability thresholds, and payout examples after changes.