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Share: I. How much of the $1.9 trillion is spent in fiscal year 2021? Approximately $1.2 trillion of the $1.9 trillion package, or 63% of the expenditures, will come in fiscal year 2021, ending September 30, as estimated by the non-partisan U.S. Congressional Budget Office (CBO), which is charged with putting a price tag on all Congressional legislation. In fiscal year 2022, another $400 billion will be spent. The fiscal economic rescue package has many different types of spending programs, and not all proceed at the same pace. Over 90% of the direct payments to individuals ($415 billion) and...

I can prove anything with statistics, except the truth — Lord Canning, c. 1819 Does Canning’s aphorism still hold true, given that data collection and statistical analysis have progressed beyond all recognition in the last two hundred years? This article tests that proposition. It is still true, because of the interests for which statistics are deployed. We know, or should know, that CPI indexation of prices fails to reflect the true rate of decline in the purchasing power of fiat currencies. That is at least a simple case of governments saving money on indexation. But being economical...

John Sallay The following was submitted by John Sallay: Weston Town Manager Leon Gaumond recently presented his proposed fiscal 2022 budget to the Select Board and members of the Finance Committee. Overall, for next year, he is recommending $101 million for total town spending, up 4.4%. This reflects Weston Public Schools spending up about 3% and the balance of the town spending up over 5%. Debt service, including the large Town Center projects now underway, is down about 2%. In some past years, the additional tax revenue from new home construction and expansions covered a large portion of t...

I've been promising the young lady in the back a question. >> and i'll follow up with that. where is that being built and how many miles will you get out of it? >> i don't know where it's being built. the total spending is $347 million on that. but we haven't done the math. >> what are we talking about? >> it depends. it's more expensive to build the wall in certain places. so this is going to be replacement. we have to figure out where we are. it's cheaper than building a new wall because we already have land acquisition here and there are probably roads out there to service it. when you buil...

Consequences are, and to-- what is happening to the economy because of tax increases and other policies are really dramatic. and the president's trying to make 2.4% reduction in the increase as being something that's dramatic. >> i mean, nobody -- i mean, we talked about it here the at fox and want it to be correct that this is not-- the sequestration is not really a cut. it's not a cut. >> no. >> it's slowed growth. we expected to spend more and sequestration, we don't spend as much as expected and if nobody else is sort of describing it that way as we heard. is that wrong? >> no, it's not wr...