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  • "The federal budget deficit is about $900 billion in 2019 and exceeds $1 trillion each year beginning in 2022. Over the coming decade, deficits...fluctuate between 4.1 percent and 4.7 percent of gross domestic product (GDP), well above the average over the past 50 years."
  • "Because of persistently large deficits, federal debt held by the public is projected to grow steadily, reaching 93 percent of GDP in 2029 (its highest level since just after World War II) and about 150 percent of GDP in 2049—far higher than it has ever been."
  • "Federal outlays...are projected to climb from 20.8 percent of GDP in 2019 to 23.0 percent in 2029. The aging of the population and the rising cost of health care contribute significantly to the growth in spending for major benefit programs, such as Social Security and Medicare."
  • After 2019, annual economic growth is projected to slow to between 1.7 and 1.8 percent until 2029, below the potential growth levels projected by the CBO.
  [caption id="attachment_2749" align="aligncenter" width="787"] SOURCE: Congressional Budget Office (See Below Citations)[/caption] [post_title] => Congressional Budget Office 2019 Economic Outlook Report: Budget Deficit Over $1 Trillion Per Year, Well Above Average; Debt Projected To Be 93% Of GDP (Highest Since WWII); Government Spending Increasing; Economic Growth Projected To Slow To 1.7% Through 2023 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => congressional-budget-office-2019-economic-outlook-report-budget-deficit-1-trillion-per-year-well-average-debt-projected-93-gdp-highest-since-wwii-government-spending-increas [to_ping] => [pinged] => [post_modified] => 2019-02-09 15:24:27 [post_modified_gmt] => 2019-02-09 15:24:27 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2748 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [2] => WP_Post Object ( [ID] => 2731 [post_author] => 1 [post_date] => 2019-01-12 15:28:49 [post_date_gmt] => 2019-01-12 15:28:49 [post_content] => CO2 emissions in the United States peaked at just over 6.1 billion tons in 2005, and total greenhouse gas emissions decreased 3.5% from 1990 to 2015.  However, early estimates for 2018 show CO2 emissions rising approximately 3.4%:

While a record number of coal-fired power plants were retired last year, natural gas not only beat out renewables to replace most of this lost generation but also fed most of the growth in electricity demand. As a result, power sector emissions overall rose by 1.9%. The transportation sector held its title as the largest source of US emissions for the third year running, as robust growth in demand for diesel and jet fuel offset a modest decline in gasoline consumption.

The decrease in carbon density of the energy supply (moving from coal to cleaner fuels such as natural gas) was not as significant as the increase in energy demand in 2018.  Looser federal regulations on emissions and pollution is also a possible contributor. Unfortunately EPA data on emissions has not been updated since 2016.   [post_title] => CO2 Emissions In The United States Estimated To Have Increased 3.4% In 2018 After Years Of Declining [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => co2-emissions-united-states-estimated-increased-3-4-2018-years-declining [to_ping] => [pinged] => [post_modified] => 2019-01-12 15:30:21 [post_modified_gmt] => 2019-01-12 15:30:21 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2731 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [3] => WP_Post Object ( [ID] => 2729 [post_author] => 1 [post_date] => 2019-01-06 00:46:32 [post_date_gmt] => 2019-01-06 00:46:32 [post_content] => The FBI is investigating reports of undocumented immigrants working at President Trump's golf course in Bedminster New Jersey.  According to two undocumented employees at the golf course, who worked there for several years, there were several other undocumented immigrants working there.  At least one undocumented worker at the golf course is still on the payroll as of December of 2018. Also according to the undocumented immigrants working there, undocumented workers were given fake citizenship documentation.   [post_title] => FBI Investigating Undocumented Immigrants Working At Trump's New Jersey Golf Course That Were Provided Fake Citizenship Documentation By Supervisors [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => fbi-investigating-undocumented-immigrants-working-trumps-new-jersey-golf-course-provided-fake-citizenship-documentation-supervisors [to_ping] => [pinged] => [post_modified] => 2019-01-19 12:30:53 [post_modified_gmt] => 2019-01-19 12:30:53 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2729 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [4] => WP_Post Object ( [ID] => 2678 [post_author] => 1 [post_date] => 2018-10-21 13:10:00 [post_date_gmt] => 2018-10-21 13:10:00 [post_content] => The Intergovernmental Panel On Climate Change (IPCC) of the United Nations issued a report on October 8, 2018 outlining the effects on global environments and ecosystems as global temperatures increase above pre-industrial levels.  The IPCC was established in response to the Paris Climate Agreement, which seeks to “strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.” According to the report, "emissions of carbon dioxide (CO2) would need to fall by about 45 percent from 2010 levels by 2030, reaching ‘net zero’ around 2050. This means that any remaining emissions would need to be balanced by removing CO2 from the air."

The report highlights a number of climate change impacts that could be avoided by limiting global warming to 1.5ºC compared to 2ºC, or more. For instance, by 2100, global sea level rise would be 10 cm lower with global warming of 1.5°C compared with 2°C. The likelihood of an Arctic Ocean free of sea ice in summer would be once per century with global warming of 1.5°C, compared with at least once per decade with 2°C. Coral reefs would decline by 70-90 percent with global warming of 1.5°C, whereas virtually all (> 99 percent) would be lost with 2ºC.

Read the report here. [post_title] => United Nations Climate Change Panel Releases Report Stating Global Temperature Rise Of 1.5 Degrees Celsius Is Maximum Before "Irreversible Changes" To Global Ecosystems; Would Require 45% Reduction In Emissions By 2030 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => united-nations-climate-change-panel-releases-report-stating-global-temperature-rise-1-5-degrees-celsius-maximum-irreversible-changes-global-ecosystems-require-45-reduction [to_ping] => [pinged] => [post_modified] => 2019-02-10 13:43:15 [post_modified_gmt] => 2019-02-10 13:43:15 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2678 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [5] => WP_Post Object ( [ID] => 2673 [post_author] => 1 [post_date] => 2018-10-13 12:29:21 [post_date_gmt] => 2018-10-13 12:29:21 [post_content] => Ford CEO Jim Hackett has noted Trump's tariffs on aluminum and steel "took about $1 billion in profit from us -- and the irony is we source most of that in the U.S. today anyways.” Ford announced it would be making layoffs as a result, but the total number of jobs to be cut is unknown. [post_title] => Trump Metal Tariffs Have Cost Ford Automotive $1 Billion And Will Result In Layoffs [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => trump-metal-tariffs-cost-ford-automotive-1-billion-will-result-layoffs [to_ping] => [pinged] => [post_modified] => 2018-10-13 12:29:21 [post_modified_gmt] => 2018-10-13 12:29:21 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2673 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [6] => WP_Post Object ( [ID] => 2656 [post_author] => 1 [post_date] => 2018-09-02 12:54:57 [post_date_gmt] => 2018-09-02 12:54:57 [post_content] => "A panel of three federal judges again declared North Carolina’s congressional district map to be unconstitutional, ruling on Monday that it was gerrymandered to unfairly favor Republican candidates." While North Carolina voters are typically close to evenly split between Republicans and Democrats, Republicans control 10 of the 13 Congressional seats in the state. "The groups and individuals that sued alleged GOP mapmakers manipulated the lines of the state's 13 districts in 2016 using political data to ensure Republicans retained a 10-3 majority within the delegation." "The three judges had ruled unanimously in January that the state’s House map violated the First and 14th Amendments by unfairly giving one group of voters — Republicans — a bigger voice than others in choosing representatives.  But the Supreme Court declined in June to hear an appeal in the case, sending it back for reconsideration under guidelines it had set out in a different case about who had legal standing to challenge the map."   [post_title] => North Carolina's Congressional Voting District Maps Ruled Unconstitutional And Unfairly Favoring Republican Candidates For The Second Time [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => north-carolinas-congressional-voting-district-maps-ruled-unconstitutional-unfairly-favoring-republican-candidates-second-time [to_ping] => [pinged] => [post_modified] => 2018-09-02 12:54:57 [post_modified_gmt] => 2018-09-02 12:54:57 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2656 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [7] => WP_Post Object ( [ID] => 2650 [post_author] => 1 [post_date] => 2018-08-25 14:03:10 [post_date_gmt] => 2018-08-25 14:03:10 [post_content] => "The Trump administration on Tuesday [August 21, 2018] proposed relaxing pollution standards for power plants nationwide" as a replacement for the “Clean Power Plan”, an Obama Administration policy that aimed to reduce carbon emissions from power plants across the United States by 32% from 2005-2030 and that set "carbon dioxide limits for each state and encouraged the shuttering of coal plants." The plan "increases the authority given to states to decide how and how much to regulate existing coal power plants" allowing states to relax standards for power plant pollution. The proposed Trump Administration plan would ultimately "coal-fired plants to run longer if they became more efficient, which could increase the total amount of soot and smog-forming pollutants they emit. The EPA projects that the rule could lead to 470 to 1,400 premature deaths each year compared with the Obama-era rule."   [post_title] => Trump Administration Proposes "Affordable Clean Energy Rule" That Loosens Power Plant Pollution Standards And Allows Coal Power Plants To Run Longer [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => trump-administration-proposes-affordable-clean-energy-rule-loosens-power-plant-pollution-standards-allows-coal-power-plants-run-longer [to_ping] => [pinged] => [post_modified] => 2018-08-25 14:03:10 [post_modified_gmt] => 2018-08-25 14:03:10 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2650 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [8] => WP_Post Object ( [ID] => 2640 [post_author] => 1 [post_date] => 2018-08-11 11:45:54 [post_date_gmt] => 2018-08-11 11:45:54 [post_content] => The Environmental Protection Agency announced a plan to "roll back a 2012 rule that required automakers to nearly double the fuel economy of passenger vehicles to an average of about 54 miles per gallon by 2025. It would halt requirements that automakers build cleaner, more fuel-efficient cars including hybrids and electric vehicles." The plan "would freeze fuel efficiency standards at 2020 levels through 2026, and require dramatically fewer electric vehicles." According to the plan, "U.S. fuel consumption would increase by about half a million barrels per day (2-3 percent of total daily consumption, according to the Energy Information Administration) and would impact the global climate by 3/1000th of one degree Celsius by 2100, also when compared to the standards set forth in 2012." 19 states that have adopted California's strict emissions standards plan to sue to stop the plan. [post_title] => EPA Proposes Rolling Back Vehicle Emissions Standards [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => epa-proposes-rolling-back-vehicle-emissions-standards [to_ping] => [pinged] => [post_modified] => 2018-08-11 11:45:54 [post_modified_gmt] => 2018-08-11 11:45:54 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2640 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [9] => WP_Post Object ( [ID] => 2576 [post_author] => 1 [post_date] => 2018-04-22 09:47:33 [post_date_gmt] => 2018-04-22 09:47:33 [post_content] => On Friday April 20, 2018, Wells Fargo was fined $1 billion ($500 million by the Consumer Financial Protection Bureau [CFPB] and $500 million by the Office of the Comptroller of the Currency) for "charging as many as 570,000 clients for car insurance they didn't need" and for inappropriately charging mortgage borrowers for "missing a deadline to lock in promised interest rates, even though the delays were Wells Fargo's fault." In addition, "an internal review by Wells Fargo found that about 20,000 of those [car insurance] customers may have defaulted on their car loans and had their vehicles repossessed in part because of those unnecessary insurance costs." Wells Fargo was also fined $185 million in 2016 for "secretly opening unauthorized deposit and credit card accounts." The Republican tax cut will save Wells Fargo an estimated $3.7 billion this year alone due to the significantly lower corporate tax rate it will pay. [post_title] => Wells Fargo Fined $1 Billion By U.S. Government For Inappropriate Charges And Fees But Will Save $3.7 Billion In Taxes Due To New Republican Tax Plan [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => wells-fargo-fined-1-billion-u-s-government-inappropriate-charges-fees-will-save-3-7-billion-taxes-due-new-republican-tax-plan [to_ping] => [pinged] => [post_modified] => 2018-04-22 09:53:29 [post_modified_gmt] => 2018-04-22 09:53:29 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2576 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) ) [post_count] => 10 [current_post] => -1 [in_the_loop] => [post] => WP_Post Object ( [ID] => 2744 [post_author] => 1 [post_date] => 2019-02-10 13:12:58 [post_date_gmt] => 2019-02-10 13:12:58 [post_content] => The third government shutdown under President Trump ended on January 25, 2019 after 35 days, making it the longest government shutdown in history. "The U.S. economy lost at least $6 billion during the partial shutdown of the federal government due to lost productivity from furloughed workers and economic activity lost to outside business, S&P Global Ratings said on Friday [January 25, 2019]." The bill to reopen the government only lasts until February 15th, but it does contain provisions for retroactive pay for employees that did not receive paychecks during the shutdown. [post_title] => Third Government Shutdown Under Trump Is Longest Ever, Cost U.S. Economy $6 Billion [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => third-government-shutdown-trump-longest-ever-cost-u-s-economy-6-billion [to_ping] => [pinged] => [post_modified] => 2019-02-10 13:12:58 [post_modified_gmt] => 2019-02-10 13:12:58 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2744 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [comment_count] => 0 [current_comment] => -1 [found_posts] => 43 [max_num_pages] => 5 [max_num_comment_pages] => 0 [is_single] => [is_preview] => [is_page] => [is_archive] => 1 [is_date] => [is_year] => [is_month] => [is_day] => [is_time] => [is_author] => [is_category] => 1 [is_tag] => [is_tax] => [is_search] => [is_feed] => [is_comment_feed] => [is_trackback] => [is_home] => [is_404] => [is_embed] => [is_paged] => [is_admin] => [is_attachment] => [is_singular] => [is_robots] => [is_posts_page] => [is_post_type_archive] => [query_vars_hash:WP_Query:private] => 95b05447d3649a47b5414ac7e6acc654 [query_vars_changed:WP_Query:private] => [thumbnails_cached] => [stopwords:WP_Query:private] => [compat_fields:WP_Query:private] => Array ( [0] => query_vars_hash [1] => query_vars_changed ) [compat_methods:WP_Query:private] => Array ( [0] => init_query_flags [1] => parse_tax_query ) ) [paged] => 1 )