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House GOP rolls out 10-year budget plan amid spending fight on September 19, 2023 at 11:39 pm Business News | The Hill

Published

2 years ago

September 20, 2023

Republicans on the House Budget Committee on Tuesday rolled out the party’s 10-year budget plan as the conference races to strike a deal on spending little under two weeks out from a looming government shutdown deadline.

Republicans say the ambitious measure would balance the federal budget over the next decade, with proposals aimed at cutting the nation’s deficits by more than $16 trillion during the period.

Among the proposals the GOP-led committee has highlighted as part of the plan are changes to work requirements for able-bodied recipients of Medicaid and Supplemental Nutrition Assistance Program, limits on discretionary spending and rollbacks of parts of Democrats’ signature Inflation Reduction Act.

The proposed budget is a 10-year blueprint and wishlist of sorts. It is distinct from the spending bills being debated as the clock ticks toward a shutdown at the end of the month and will not become law.

But the measure can provide a look into where the party thinks the nation’s fiscal trajectory should be headed over the next decade.

“I hope that this will help grease the skids for us to get a unified Republican funding package on the discretionary spending,” House Budget Committee Chair Jodey Arrington (R-Texas) told reporters this week.

The committee’s planned markup on Wednesday coincides with growing debate in the GOP conference over spending, as leadership works to get the party’s various factions on the same page ahead of expected negotiations with the Democratic-led Senate on how to avoid a government shutdown.

In remarks to reporters on Tuesday, Rep. Tim Burchett (R-Tenn.) called the proposed budget plan a “step forward” and provides a measure that the party “convalesce around” and “maybe get to some consensus before it gets to Sept. 30.”

Burchett is among a list of Republicans who have come out against a legislative deal worked out between the House Freedom Caucus and the Main Street Caucus over the weekend that would stave off the threat of a shutdown later this month.

That bill, also known as a continuing resolution (CR), would punt the shutdown deadline from the end of the month through Oct. 31, along with provisions that would cut spending and enact changes to border policy as leadership works to lock down support from hardline conservatives.

GOP leaders previously set sights on a floor vote on the CR this week, but plans for a procedural vote on the bill were scrapped on Tuesday as internal divisions in the conference over how far to cut government spending for the coming fiscal year have garnered attention in recent weeks.

Democrats have already come out against the budget plan, with Rep. Brendan Boyle (Penn.), top Democrat on the Budget Committee, accusing his colleagues across the aisle of pushing for “cruel cuts to everything from health care to education.”

“Make no mistake: America is barreling towards a government shutdown because Republicans reneged on the bipartisan budget agreement in their thirst for cruel budget cuts – cuts which will raise the cost of living when it’s already too high,” he said in a statement.

Senate Budget Committee Chair Sheldon Whitehouse (D-R.I.) also released a statement calling the legislation a “deal-breaking budget that attacks essential government programs, undermines economic growth and national safety, and raises costs for households nationwide.”

“Using the same old, tired, trickle-down playbook, they are seeking to balance the budget on the backs of regular folks, while delivering huge tax cuts for big businesses and billionaires,” he added. “Their massive tax giveaways are based on fantasy math — the arithmetic just doesn’t work.”

The Republican budget comes in stark contrast to the one the White House rolled out months ago that included boosts for non-defense spending and Democratic priorities, while pressing for tax increases on the wealthy aimed at tackling the nation’s deficits.

But Republicans have pushed back on the criticisms, often pointing to the growth of national debt, which recently climbed to more than $33 trillion, as cause for alarm.

The Congressional Budget Office also projected earlier this year that country’s deficit for fiscal year 2023 was on track to totalling $1.7 trillion.

The GOP plan includes some changes to Medicare, but Republicans have maintained those reforms would amount to “non-benefit” cuts.

“Like site neutrality, like hospital debt that we’re paying at 100 percent. That we don’t need to pay it 100 percent,” Arrington said at a press conference.”

The new budget plan also doesn’t include changes to Social Security – which, like Medicare, faces threats to solvency in the coming years – after a bruising partisan debate over potential reforms to extend the lifetime of the program earlier this year.

“We don’t cut Medicare benefits, and we don’t cut Social Security or veterans benefits,” Arrington said. “But let me be clear, in this 10 year window, both the Social Security and the Medicare trust funds will become insolvent.”

Arrington instead said Republicans are recommending a bipartisan commission to explore potential changes to the programs, which account for a chunk of federal spending.

Republicans say the budget plan would result in “$4.6 trillion in savings” on the discretionary side over the next decade, with proposals to set base discretionary budget authority for most of next year at fiscal year 2022 levels. The plan also calls for capping discretionary spending growth at 1 percent after 2024.

“You’ve got to grow faster than inflation plus population. This budget does that,” Arrington argued on Monday. “We return to pro-growth, pro-work, pro-energy policies that we know will reignite this economy.”

Budget, Business, House, News Republicans on the House Budget Committee on Tuesday rolled out the party’s 10-year budget plan as the conference races to strike a deal on spending little under two weeks out from a looming government shutdown deadline. Republicans say the ambitious measure would balance the federal budget over the next decade, with proposals aimed at cutting…

Business

Why 9 Million Americans Have Left

Published

2 weeks ago

October 8, 2025

Bolanle Media Staff

The Growing American Exodus

Nearly 9 million Americans now live outside the United States—a number that rivals the population of several states and signals a profound shift in how people view the American dream. This mass migration isn’t confined to retirees or the wealthy. Thanks to remote work, digital nomad visas, and mounting pressures at home, young professionals, families, and business owners are increasingly joining the ranks of expats.

Rising Costs and Shrinking Wallets

Living in the US has become increasingly expensive. Weekly grocery bills topping $300 are not uncommon, and everyday items like coffee and beef have surged in price over the last year. Rent, utilities, and other essentials also continue to climb, leaving many Americans to cut meals or put off purchases just to make ends meet. In contrast, life in countries like Mexico or Costa Rica often costs just 50–60% of what it does in the US—without sacrificing comfort or quality.

Health Care Concerns Drive Migration

America’s health care system is a major trigger for relocation. Despite the fact that the US spends more per person on health care than any other country, millions struggle to access affordable treatment. Over half of Americans admit to delaying medical care due to cost, with households earning below $40,000 seeing this rate jump to 63%. Many expats point to countries such as Spain or Thailand, where health care is both affordable and accessible, as a major draw.

Seeking Safety Abroad

Public safety issues—especially violent crime and gun-related incidents—have made many Americans feel unsafe, even in their own communities. The 2024 Global Peace Index documents a decline in North America’s safety ratings, while families in major cities often prioritize teaching their children to avoid gun violence over simple street safety. In many overseas destinations, newly arrived American families report a significant improvement in their sense of security and peace of mind.

Tax Burdens and Bureaucracy

US tax laws extend abroad, requiring expats to file annual returns and comply with complicated rules through acts such as FATCA. For some, the burden of global tax compliance is so great that thousands relinquish their US citizenship each year simply to escape the paperwork and scrutiny.

The Digital Nomad Revolution

Remote work has unlocked new pathways for Americans. Over a quarter of all paid workdays in the US are now fully remote, and more than 40 countries offer digital nomad visas for foreign professionals. Many Americans are leveraging this opportunity to maintain their US incomes while cutting costs and upgrading their quality of life abroad.

Conclusion: Redefining the Dream

The mass departure of nearly 9 million Americans reveals deep cracks in what was once considered the land of opportunity. Escalating costs, inaccessible healthcare, safety concerns, and relentless bureaucracy have spurred a global search for better options. For millions, the modern American dream is no longer tied to a white-picket fence, but found in newfound freedom beyond America’s borders.

Business

Will Theaters Crush Streaming in Hollywood’s Next Act?

Published

2 weeks ago

October 8, 2025

Bolanle Media Staff

Hollywood is bracing for a pivotal comeback, and for movie lovers, it’s the kind of shake-up that could redefine the very culture of cinema. With the freshly merged Paramount-Skydance shaking up its strategy, CEO David Ellison’s announcement doesn’t just signal a change—it reignites the passion for moviegoing that built the magic of Hollywood in the first place.

Theatrical Experience Roars Back

Fans and insiders alike have felt the itch for more event movies. For years, streaming promised endless options, but fragmented attention left many longing for communal spectacle. Now, with Paramount-Skydance tripling its film output for the big screen, it’s clear: studio leaders believe there’s no substitute for the lights, the hush before the opening credits, and the collective thrill of reacting to Hollywood’s latest blockbusters. Ellison’s pivot away from streaming exclusives taps deep into what unites cinephiles—the lived experience of cinema as art and event, not just content.

Industry Pulse: From Crisis to Renaissance

On the financial front, the numbers are as electrifying as any plot twist. After years of doubt, the box office is roaring. AMC, the world’s largest theater chain, reports a staggering 26% spike in moviegoer attendance and 36% revenue growth in Q2 2025. That kind of momentum hasn’t been seen since the heyday of summer tentpoles—and it’s not just about more tickets sold. AMC’s strategy—premium screens, with IMAX and Dolby Cinema, curated concessions, and branded collectibles—has turned every new release into an event, driving per-customer profits up nearly 50% compared to pre-pandemic norms.

Blockbusters Lead the Culture

Forget the gloom of endless streaming drops; when films like Top Gun: Maverick, Mission: Impossible, Minecraft, and surprise hits like Weapons and Freakier Friday draw crowds, the industry—and movie fans—sit up and take notice. Movie-themed collectibles and concession innovations, from Barbie’s iconic pink car popcorn holders to anniversary tie-ins, have made each screening a moment worth remembering, blending nostalgia and discovery. The focus: high-impact, shared audience experiences that streaming can’t replicate.

Streaming’s Limits and Studio Strategy

Yes, streaming is still surging, but the tide may be turning. The biggest franchises, and the biggest cultural events, happen when audiences come together for a theatrical release. Paramount-Skydance’s shift signals to rivals that premium storytelling and box office spectacle are again at the center of Hollywood value creation. The result is not just higher profits for exhibitors like AMC, but a rebirth of movie-going as the ultimate destination for fans hungry for connection and cinematic adventure.

Future Forecast: Culture, Community, and Blockbuster Dreams

As PwC and others warn that box office totals may take years to fully catch up, movie lovers and industry leaders alike are betting that exclusive theatrical runs, enhanced viewing experiences, and fan-driven engagement are the ingredients for long-term recovery—and a new golden age. The Paramount-Skydance play is more than a business move; it’s a rallying cry for the art of the theatrical event. Expect more big bets, more surprises, and—finally—a long-overdue renaissance for the silver screen.

For those who believe in the power of cinema, it’s a thrilling second act—and the best seat in the house might be front and center once again.

Business

Why Are Influencers Getting $7K to Post About Israel?

Published

3 weeks ago

October 2, 2025

Bolanle Media Staff

Influencers are being paid as much as $7,000 per post by the Israeli government as part of an expansive and sophisticated digital propaganda campaign. This effort is designed to influence global public opinion—especially among younger social media users—about Israel’s actions in Gaza and to counter critical narratives about the ongoing humanitarian situation.

How Much Is Being Spent?

Recent reports confirm that Israel has dedicated more than $40 million this year to social media and digital influence campaigns, targeting popular platforms such as TikTok, YouTube, and Instagram. In addition to direct influencer payments, Israel is investing tens of millions more in paid ads, search engine placements, and contracts with major tech companies like Google and Meta to push pro-Israel content and challenge critical coverage of issues like the famine in Gaza.

What’s the Strategy?

Influencer Contracts: Influencers are recruited—often with all-expenses-paid trips to Israel, highly managed experiences, and direct payments—to post content that improves Israel’s image.
Ad Campaigns: State-backed ad buys show lively Gaza markets and restaurants to counter global reports of famine and humanitarian crisis.
Narrative Management: These posts and ads often avoid overt propaganda. Instead, they use personal stories, emotional appeals, and “behind the scenes” glimpses intended to humanize Israel’s side of the conflict and create doubt about reports by the UN and humanitarian agencies.
Amplification: Paid content is strategically promoted so it dominates news feeds and is picked up by news aggregators, Wikipedia editors, and even AI systems that rely on “trusted” digital sources.

Why Is This Happening Now?

The humanitarian situation in Gaza has generated increasing international criticism, especially after the UN classified parts of Gaza as experiencing famine. In this environment, digital public relations has become a primary front in Israel’s efforts to defend its policies and limit diplomatic fallout. By investing in social media influencers, Israel is adapting old-school propaganda strategies (“Hasbara”) to the era of algorithms and youth-driven content.

Why Does It Matter?

This campaign represents a major blurring of the lines between paid promotion, journalism, and activism. When governments pay high-profile influencers to shape social media narratives, it becomes harder for audiences—especially young people—to distinguish between authentic perspectives and sponsored messaging.

As user trust in mainstream news decreases and social media’s power grows, understanding how digital influence operations work is critical for anyone who wants to stay informed and think critically about global events.

In short: Influencers are getting $7,000 per post because Israel is prioritizing social media as a battleground for public opinion, investing millions in shaping what global audiences see, hear, and believe about Gaza and the conflict.