X22Report Published on Nov 2, 2017 Obamacare enrollments are here again and the entire system might be on the verge of collapsing. It has been revealed that Clinton’s lawyer paid over 1 million dollars for the dossier. Donna Brazile tells all on how Clinton took charge of the DNC even before she was nominated. Spain orders […]
The american federal government posted a $666 billion deficit in the just-completed fiscal year 2017, the Treasury Department announced Friday, marking another year of deteriorating finances as the government slinks back toward the trillion-dollar mark.
It’s a black eye for both President Trump and former President Barack Obama, who split responsibility for the fiscal year, which began Oct. 1, 2016, and ran through Sept. 30.
The deficit is the worst since 2013.
Federal spending grew twice as fast as revenue, accounting for the massive jump in red ink, which rose $80 billion over last year’s $586 billion total.
The figures come just as Republicans are hoping to pass a budget that could lead to even deeper deficits in the near future, and could complicate the GOP’s path to a major tax overhaul.
But Trump administration officials sought to use the numbers to bolster their case for tax cuts, blaming “historically subpar economic growth” for the fiscal struggles.
White House budget director Mick Mulvaney said Sunday that the administration has concluded Congress isn’t interested in trimming the budget, so there’s only one option.
“We had offered $54 billion worth of discretionary cuts in our budget back in March. Only about $4 billion or $5 billion had survived so far on the Hill. We’re not going to be able to cut our way to balance,” Mr. Mulvaney told “Face the Nation” on CBS.
“So the next part of the plan, the next part of that — sort of the calculus, right [that] deficits are revenues less expenditures — is to focus on the revenues. How do we get government revenues up?” he said.
The biggest drivers of the spending increases were Social Security, Medicare and Medicaid — the large entitlement programs that budget watchdogs say will eventually break the federal budget.
Social Security and Medicare increases were a reflection of the aging population, while Medicaid’s increase was due to Obamacare expansion, the CBO said in its analysis of the numbers.
But President Trump has said he won’t consider changes to those programs — a vow Mr. Mulvaney said the president has reiterated to him in recent days — so there’s little chance of a solution there.
Spending on Obamacare’s subsidies for health plans purchased on the exchanges soared by 27 percent as taxpayers had to cover ever-rising premiums within the struggling marketplaces.
The Defense Department, by contrast, grew at just 1 percent.
Other big changes were spikes in loan guarantee costs at the Education and Housing and Urban Development departments.
Interest on the debt also soared by 10 percent.
Veterans Affairs spending grew by $9 billion as the department tried to keep up with growing demand and the fallout from the waitlist scandal that led to a new program allowing veterans to seek care at private clinics and have the government reimburse those costs.
The Bardo Thodol (Tibetan: བར་དོ་ཐོས་གྲོལ, Wylie: bar do thos grol), Liberation Through Hearing During the Intermediate State, is a text from a larger corpus of teachings, the Profound Dharma of Self-Liberation through the Intention of the Peaceful and Wrathful Ones, revealed by Karma Lingpa (1326–1386). It is the best-known work of Nyingma literature, and is known in the West as the Tibetan Book of the Dead.
The Tibetan text describes, and is intended to guide one through, the experiences that the consciousness has after death, in the bardo, the interval between death and the next rebirth. The text also includes chapters on the signs of death and rituals to undertake when death is closing in or has taken place.
Located on the sea floor off the island of Antikythera, the ancient sailing vessel, which is believed to be one of the largest Roman era ships ever found, was originally home to the famous Antikythera mechanism, an early ‘computer’ that was used by seafarers to chart the motion of the planets.
First discovered by sponge divers 117 years ago, the wreck has yielded a great number of fascinating items and now, following a series of recent dives, archaeologists have uncovered evidence of seven large bronze statues as well as a mysterious bronze disc decorated with the image of a bull.
Described as ‘extremely exciting’, the statue finds are particularly important because only a small number of bronze statues are known to have survived from the ancient world and most have been altered or treated in some way by previous conservators, destroying vital information.
So far only a few mismatched limbs have been found however divers are now focusing their efforts on locating the rest of the pieces which must still be down in the wreckage somewhere.
If they succeed, it could significantly enhance our knowledge of that particular time period.
« What we’re finding is these sculptures are in among and under the boulders, » said excavation team co-director Brendan Foley of Lund University. « We think it means a minimum of seven, and potentially nine, bronze sculptures still waiting for us down there. »