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Policy Leaders Push Pocket Rescission Plan to Enforce Cuts Without Senate Approval Key fiscal experts are backing a strategy that would cancel unused funds automatically. If a rescission package is submitted after August 18th, the President Donald J. Trump can withhold that money for 45 days — pushing it...

14,689 views • 1 year ago •via X (Twitter)

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On CNN, Russ Vought briefly mentioned an important but rarely used statutory process provided to a president, known as a “pocket” rescission. Once you understand what a pocket rescission is, you’ll understand it as the smoothest path towards attaining the vast majority of DOGE cuts. Normally, when a rescission package is submitted to Congress, as one will likely be tomorrow, a president has the statutory authority to withhold those funds for 45 days (measured in days that Congress isn’t in recess. ) We should fully support that rescission package because if all or some of it fails, or Congress doesn’t act on the package within those 45 days, the package fails and we lose the ability to use the rescission process to attain those cuts later. On the other hand, a “pocket” rescission is a rescissions package submitted within 45 days of the end of the fiscal year. If a rescission package is submitted within that window, the statutory authority of a president to withhold those funds take us past September 30th, the end of the fiscal year. At that point, the budget authority to expend fy25 funds lapses. The rescission is therefore automatic. Once you understand this, it’s the the ideal strategy for attaining the DOGE cuts because it gives Congress the ability to affirm the process by voting in support of the rescission, but it also moves forward automatically. It’s a win-win. But it requires that the rescission packages be submitted after roughly August 18th. Demanding more DOGE cuts NOW, and urging movement on them now, jeopardizes the process. We should be asking for all future rescissions packages on DOGE cuts to wait until AFTER roughly August 18th.

Wade Miller

18,683 views • 1 year ago

10 Shocking Stories the Media Buried Today #10 - Trump has inherited a “turd of an economy,” and when things “roll over,” he’ll be the one blamed for it. This dire news comes from COVID vaccine data analyst and former BlackRock asset manager Ed Dowd. Dowd predicts things could “unravel anytime between now and March.” And if the incoming Trump administration doesn’t “get out in front of the narrative,” then they are “going to get blamed for what is coming.” According to Dowd, America should have already entered a recession by “the second half of 2023.” However, “The government went on a spending spree... which gave the economy a bit more life.” “The real economy (not the stock market) has been rolling over,” Dowd lamented, “and we’re just waiting for the financial markets to figure this out. They will. And when they do, unfortunately, Trump will inherit turd of a financial market crisis.” Dowd added that he has insights into “some interesting indicators” that suggest the economy has “nowhere to go but the other direction [down].” Although the short-term economic future looks grim, Dowd mentioned some “good news.” And the good news is that Trump is the incoming president. Under Trump’s leadership, Dowd believes, the looming financial mess can be dealt with much better than if Harris won the office. “Now, the good news is that Trump is in office, and his policies will be far better than under the Biden administration. If Harris had won, I’d be far gloomier. There will be pain, but I believe it can be mitigated somewhat,” Edward Dowd said. (See 9 More Revealing Stories Below)

The Vigilant Fox 🦊

1,426,166 views • 1 year ago

I wanted to share an update on San Francisco’s budget and how we are working to get our fiscal house in order. When I took office, we inherited a significant structural deficit. That means the city was set up to spend more money than it brings in, year after year. Today, that gap is projected to reach $1 billion dollars over the next five years. Over the past year, we’ve taken steps to close this gap and bring long-term spending more in line with revenue. We also know that increasing sustainable revenue for our city is crucial to solving our budget problem. Since the day I became mayor, we’ve been taking steps to create the conditions for San Francisco’s economic recovery. Today, our streets are safer and cleaner, and people struggling on the streets are getting into treatment. We’re making it easier to open and operate a small business in our city. And that progress has led to results: Businesses of all sizes are coming back to San Francisco, people are shopping downtown again, and tax revenues are higher than projected. While we are making meaningful progress, we are not out of the woods. Our economic recovery is very fragile. And since last year’s budget, the city has faced new federal and state funding cuts. This means our budget gap would reach $1 billion in the coming years if we don’t act. The charter requires that, as mayor, I submit a balanced budget each June—we cannot spend more money than we bring in. And we must also address this long-term $1 billion dollar deficit. Because if we don’t act now, we will have to do twice as much in the coming years, with the choices becoming more expensive and more difficult. This year’s budget will include painful but necessary decisions. I know they will impact individuals and communities, and I take this seriously—which is why we must act now to avoid even deeper cuts later. This year's budget will continue the work we’ve been doing since last year to manage city funds responsibly and deliver the best possible services. And it will put our city on a path to a lasting economic recovery that benefits all San Franciscans.

Daniel Lurie 丹尼爾·羅偉

39,270 views • 4 months ago