White House to paint grim fiscal picture

WASHINGTON (Reuters) - The White House will predict a record budget deficit in the current fiscal year and more big shortfalls for the next decade in its upcoming budget proposal, a congressional source told Reuters on Sunday.

In its budget proposal to be released on Monday, the White House predicts a record $1.6 trillion budget deficit for the fiscal year that ends September 30, the Capitol Hill source said.

According to the estimate, deficits will narrow to $700 billion by fiscal 2013 before gradually rising back to $1.0 trillion by the end of the decade, the source said.

President Barack Obama will seek to strike a balance between reducing the deficit over the long term and stimulating the economy in the short term to ease the pain of double-digit unemployment.

Criticized by Republicans as a big spender, Obama used his State of the Union address last week to tell Americans he would dig the country out of a "massive fiscal hole."

That hole is even deeper than previously believed, according to the estimate by the White House's Office of Management and Budget.

The estimate for the current fiscal year is significantly higher than the $1.35 trillion figure forecast by the nonpartisan Congressional Budget Office last week.

Despite the difference, both estimates indicate that the deficit will continue to hover at a level not seen since World War Two, when measured as a percentage of the economy. Last year the government posted a $1.4 trillion deficit.

THREE-YEAR FREEZE WON'T BE ENOUGH

In his budget, Obama will propose a three-year freeze on some domestic programs to save $20 billion next year and $250 billion over the coming decade.

But that will not be enough to get deficits down permanently to the 3 percent of gross domestic product that most economists consider sustainable.

Deficits are projected to fall as the economy recovers, but they will still average roughly 4.5 percent of GDP over the coming decade, according to the estimate.

Deficits are expected to rise again toward the end of the decade due to the increasing cost of retirement and healthcare programs as the "baby boom" generation retires.

Obama has warned that the burgeoning U.S. debt could unnerve U.S. financial markets, driving up borrowing costs and putting future economic growth at risk.

China, the biggest foreign holder of U.S. Treasuries, has urged the United States to get its fiscal house in order.

The grim forecast could help build support for a bipartisan commission proposed by the White House that would recommend ways to address long-term budget problems.

Obama and his fellow Democrats face a growing voter backlash for the aggressive spending measures they have taken to stimulate the economy.

But Democrats point out that most of the fiscal mess has been inherited from the previous administration of Republican George W. Bush, who cut taxes and created an expensive prescription drug-benefit while pursuing wars in Iraq and Afghanistan.

The recession, which began in December 2007 and ended last year, also worsened the fiscal picture by depressing government revenues while forcing up spending on unemployment benefits and other safety-net programs.

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2021 was a turning point for public education in America. Remote learning revealed to parents what public schools were force-feeding their kids — everything from critical race theory to the existence of infinite genders — while performance in subjects like math and reading fell across the board.

Now, school boards and teachers' unions are facing a tidal wave of parents who want to take the reins back. But school wasn’t always like this. Glenn Beck takes us back to a time before the Department of Education and asks the question: “Are our schools getting better or worse?”

American Federation for Children senior fellow Corey DeAngelis joins to expose who’s actually benefitting from our public school system — and it’s not our kids. And former Secretary of Education under President Trump Betsy DeVos explains why it’s time to abolish the department she once headed, what stopped her from doing so, and how parents can make a big difference.

Watch the full episode of "Glenn TV" below:


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The Associated Press has issued a dire warning for abortion providers ahead of the Supreme Court's decision on Roe v. Wade.

According to an article titled "'Heightened alert’: Abortion providers brace for ruling," abortion clinics nationwide are expecting an increase in "protests, harassment, and other violence ... in states where abortion remains legal" if Roe v. Wade is overturned — as a draft opinion leaked in May suggested is likely to happen.

"On the night of last winter’s arguments before the U.S. Supreme Court in a case that could end the nationwide right to abortion, people gathered outside a clinic in New Jersey with lawn chairs, a cooler and a flaming torch — a sight that brought to mind lynchings and other horrors of the country’s racist past," the AP article began.

The article did go on to cite two incidents of extreme anti-abortion violence — "the 1993 killing of Dr. David Gunn outside a Florida abortion clinic [and] the 2015 fatal shooting of three people inside a Colorado Planned Parenthood." But there was almost no mention of the ongoing attacks on pregnancy crisis centers by pro-choice activists, including the violent group that calls itself "Jane’s Revenge."

On the radio program, Glenn Beck noted that the closest the current administration has come to calling out Jane’s Revenge was when the Department of Homeland Security published a terror advisory warning of crime on both sides of the Roe v. Wade debate earlier this month. But when was the last time you heard about violent attacks on pro-life centers in the corporate media? There have been several instances of violence by pro-choice proponents, and the Biden administration remains silent.

Watch the video below to hear more from Glenn Beck. Can't watch? Download the podcast here.

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GLENN: Now the righteous generation of the woke has reached such a level of holiness that it cannot possibly be contaminated by name of a less righteous monster like George Washington. Student insists the university must break its ties with white supremacy and systematic racism by canceling its 200 year old name and renaming it. Are you ready? Malcolm X University.

Disney-owned Pixar's latest animated film "Lightyear" was expected to blast off last weekend, but ended up falling way short of box office expectations.

Box office analysts expected the "Toy Story" spin-off to gross $70 million and $85 million domestically and $50-60 million in offshore markets, despite having been barred in at least 14 countries over a controversial same-sex kissing scene, but the film's total haul worldwide wound up at $85.6 million.

Earlier this year, the controversial kissing scene was apparently cut from the film, but the Disney corporation made a show of reinstating it in March amid outrage over Florida Governor Ron DeSantis' (R) Parental Rights in Education bill.

Now, why would such a woke movie flop at the box office on its opening weekend?

"Blame the fact that it doesn’t appeal to girls, blame Disney+ for stealing family moviegoers, blame the lack of an ensemble Toy Story cast, heck, blame everything as Disney/Pixar’s Lightyear didn’t do its magic by internal studio or industry standards this weekend with $51M, close to a third below its lowest $70M pre-release projection," said Deadline.com.

"Variety" lamented that the film's lofty "ambitions were thwarted by heightened competition from Universal’s behemoth 'Jurassic World: Dominion' and Paramount’s high-flying 'Top Gun: Maverick,' as well as little intrigue to watch a slightly esoteric origin story about Buzz Lightyear."

AV Club guessed that maybe "longtime fans have simply grown up and moved on and/or gotten tougher to please."

Both Vanity Fair and Movie Web seemed to think the problem was with the movie's "high concept premise" of making a film based on a film that was supposed to have inspired the Buzz Lightyear toy in "Toy Story."

On the radio program Monday, Glenn Beck, Stu Burguiere, and Pat Gray weren't afraid to call out the obvious reason Disney's latest film fell flat: Parents are just tired of woke politics in their children's movies. It's really not that hard to figure out, Disney.

Watch the video below to catch the conversation. Can't watch? Download the podcast here.

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