Here’s How Much Federal Spending Must Be Cut to Balance the Budget

True Pundit January 18, 2023

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It’s been more than twenty years since we last had a balanced federal budget during the tenure of former House Speaker Newt Gingrich (R-Ga.). Will we ever see a balanced budget again?

It’s theoretically possible, but it would take tremendous cuts in spending.

According to an analysis from the Committee for a Responsible Federal Budget, “In order to achieve balance within a decade, all spending would need to be cut by roughly one-quarter… the necessary cuts would grow to 85 percent if defense, veterans, Social Security, and Medicare spending were off the table.” – READ MORE

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Hot Wire — They Warned You About this Crew 250+ Years Ago

***************************** SUBJECT: HOMELAND SECURITY AND DOD MEETING STAFF: Chief, Deputy Chiefs of Staff, Steven Munoz, Troup Hemenway, and Joseph Guy, Acting Director of ICE, Todd Lyons, CBP Commissioner, Rodney Scott, Liaison Officer, DoD, Philip Hegseth ATTENDEES: Pete Hegseth, Secretary of Defense General Dan Caine, Chairman of the Joint Chiefs of Staff General Gregory Guillot, NORTHCOM…

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Mike August 2, 2025

Hot Wire — Back to the Future (2008-09) (2020-21) & How to Beat The Man Thru 2035

************* Let’s do an exercise I’m a middle class American. where can I expect to be in 10 years. provide a year by year breakdown what will happen to my assets. I have 400,000 in the bank As a middle-class American with $400,000 in the bank, your position in 10 years (by 2035) will largely…

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Mike September 25, 2025

HOT WIRE — Transcript IC U (Part 2)

TRANSCRIPT from previous show 00:00:01,300 –> 00:00:46,840 Welcome back, folks. Hotwire, and we’re doing… I got this weird glare, like almost like a lightning bolt that’s coming down from heaven right through the middle of my head. So trying to, uh, stop that glare, and, uh, hopefully we did it. But anyway, maybe it’s a,…

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Mike March 2, 2026

(FREE) PAINE IN THE MORNING: What you need to know this Tuesday – January 17, 2023

Here’s what you need to know today, Tuesday – January 17, 2023. There is also a full, ad-free video podcast of this broadcast available…

True Pundit January 17, 2023

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(PREMIUM) PAINE IN THE MORNING: What you need to know this Tuesday – January 17, 2023

Here’s what you need to know today, Tuesday – January 17, 2023. Yellen says US is projected to hit debt ceiling on Jan. 19 – Treasury Secretary Janet Yellen said the U.S. is projected to reach its roughly $31.4 trillion borrowing limit in less than a week. Yellen shared the estimate in a letter to Speaker…

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True Pundit January 17, 2023

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