“The Trump fiscal revolution is here to stay. With the passage of the “One Big Beautiful Bill” and a series of Supreme Court rulings on workforce reductions, limits on federal district court injunctions, and allowing withholding of funds for various grants, the federal role in state and local finances is substantially reduced and unlikely to be reversed.”
The opening paragraph in a Denver Gazette column (July 22, 2025) that one editor described as an “important, sobering message” and another said “wise column.” It recounts a speech with Colorado’s County Commissioners in early June. My primary message was we are on our own.
The federal role in state and local finances is substantially reduced. The direction in Washington is to reverse much of LBJ’s Great Society programs, agencies, and departments (Affirmative Action, USAID, Education).
Most importantly, there is little realistic prospect the reductions will be reversed or return to pre-January 20th status. The forces of reduction, including DOGE, rescissions, and the “One Big Beautiful Bill,” are locking in spending and tax cuts with the entire federal budget constrained by a huge deficit.
READ COLUMN:
GUEST OPINION Colorado: We Are Truly On Our Own
RELATED:
Axios Denver Covers Era of Austerity Presentation 2-18-25
Opinion Today Published Era of Austerity 2-27-25
No comments:
Post a Comment