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Author Topic: DC blames looming $1 billion budget deficit on Trump’s federal workforce cuts  (Read 523 times)

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Offline rangerrebew

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DC blames looming $1 billion budget deficit on Trump’s federal workforce cuts
« on: March 02, 2025, 05:27:04 am »
DC blames looming $1 billion budget deficit on Trump’s federal workforce cuts
 
Washington, D.C.'s chief financial officer predicted a looming $1 billion budget shortfall over the next four years, which it blamed on the Trump administration's federal workforce reductions.

A disproportionate amount of the district's population is employed by the federal government, making it one of the most affected areas by the Department of Government Efficiency's personnel cuts. In a letter to Mayor Muriel Bowser, CFO Glen Lee projected a dire financial situation resulting from the cuts. He estimated that the city would lose 40,000 federal jobs over the next three years.
 
"The revenue forecast for the rest of the financial plan period has also been revised downward by an average of $342.1 million annually, largely due to forecasted sharp declines in employment levels as the Federal government proceeds with reducing its workforce significantly. The resulting decline in income and consumption means lower revenue from the District's individual income and sales taxes," Lee wrote.

https://www.msn.com/en-us/news/us/dc-blames-looming-1-billion-budget-deficit-on-trump-s-federal-workforce-cuts/ar-AA1A3Dud?ocid=widgetonlockscreen&cvid=649883ba95a5488f84f4fb2796ba3fc2&ei=74
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline rangerrebew

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Re: DC blames looming $1 billion budget deficit on Trump’s federal workforce cuts
« Reply #1 on: March 02, 2025, 05:31:50 am »
Trump is an amazing guy if he can create a $1 billion deficit in a city that has its own government and spending policies put in place before he even was in office in just 4-5 weeks.  What a guy!  :whistle:
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline Smokin Joe

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Re: DC blames looming $1 billion budget deficit on Trump’s federal workforce cuts
« Reply #2 on: March 02, 2025, 01:23:20 pm »
Quote from: rangerrebew on March 02, 2025, 05:31:50 am
Trump is an amazing guy if he can create a $1 billion deficit in a city that has its own government and spending policies put in place before he even was in office in just 4-5 weeks.  What a guy!  :whistle:
Right. D.C. spending has nothing to do with budget shortfalls. 9999hair out0000
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Offline DB

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Re: DC blames looming $1 billion budget deficit on Trump’s federal workforce cuts
« Reply #3 on: March 02, 2025, 01:26:15 pm »
That's a feature, not a bug.
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Online catfish1957

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Re: DC blames looming $1 billion budget deficit on Trump’s federal workforce cuts
« Reply #4 on: March 02, 2025, 01:32:34 pm »
Swamp/MSM hogwash...akin to we are going cut off that finger to cure that hangnail.
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Offline verga

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Re: DC blames looming $1 billion budget deficit on Trump’s federal workforce cuts
« Reply #5 on: March 03, 2025, 10:48:42 am »
Maybe they need to quit P!$$ing money asway on stupid sh!T
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