Trump's budget

Industrialsize

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Industrialsize

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Trump budget would cut $4.4T in spending, boosting defense while slashing safety nets, foreign aid
Trump budget would cut $4.4T in spending, boosting defense while slashing safety nets, foreign aid
Trump's budget proposal includes "wildly large" request for ICE funding
https://www.axios.com/white-house-budget-ice-immigration-8c2ece6b-0aad-44a1-80bf-d2a59a49aeb8.html
Trump unveils $4.8 trillion budget that backtracks on deal with Congress
The Trump budget proposes slashing Commerce Department funding by 37 percent, the Environmental Protection Agency by 26 percent, the Department of Housing and Urban Development by 15 percent, the Department of Health and Human Services by 9 percent and the Education Department by 8 percent.
It seeks an 8 percent cut to USDA's budget, a 21 percent cut to the State Department and foreign aid and an 11 percent cut to the Labor Department. It would reduce funding for Energy Department by 8 percent.

Though the budget forecasts a $1 trillion deficit for 2020 and a $966 billion deficit in 2021, it lays out a plan for eliminating the deficit over 15 years, a longer timeframe than the typical decade-long budget window.

To do so, Trump would cut domestic spending while reducing costs to Medicaid and Medicare.

The administration would seek to reduce costs by capping or block granting Medicare benefits, adding work requirements to a slew of medical and anti-poverty programs or implementing changes that might otherwise lower the costs of Medicare and Medicaid.
Trump unveils $4.8 trillion budget that backtracks on deal with Congress
 
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keenobserver

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Trump budget would cut $4.4T in spending, boosting defense while slashing safety nets, foreign aid
Trump budget would cut $4.4T in spending, boosting defense while slashing safety nets, foreign aid
Trump's budget proposal includes "wildly large" request for ICE funding
https://www.axios.com/white-house-budget-ice-immigration-8c2ece6b-0aad-44a1-80bf-d2a59a49aeb8.html
Trump unveils $4.8 trillion budget that backtracks on deal with Congress
The Trump budget proposes slashing Commerce Department funding by 37 percent, the Environmental Protection Agency by 26 percent, the Department of Housing and Urban Development by 15 percent, the Department of Health and Human Services by 9 percent and the Education Department by 8 percent.
It seeks an 8 percent cut to USDA's budget, a 21 percent cut to the State Department and foreign aid and an 11 percent cut to the Labor Department. It would reduce funding for Energy Department by 8 percent.

Though the budget forecasts a $1 trillion deficit for 2020 and a $966 billion deficit in 2021, it lays out a plan for eliminating the deficit over 15 years, a longer timeframe than the typical decade-long budget window.

To do so, Trump would cut domestic spending while reducing costs to Medicaid and Medicare.

The administration would seek to reduce costs by capping or block granting Medicare benefits, adding work requirements to a slew of medical and anti-poverty programs or implementing changes that might otherwise lower the costs of Medicare and Medicaid.

Trump budget DOA for the most part. I'd love to see the GOP run on this. Thanks for a great presentation.
 
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Thikn2velvet1

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The Federal Budget in 1996 was $1.5 trillion. Last year it was $4.7 trillion, Inflation has been a total of 63%. The population in 1996 was 270 million, today it is 330 million.

For clarity, in 1996 we spent $5555/person. Today we are spending $14252/ per person. Factoring in inflation, $5555 today would be about $9000. So where would you trim the budget to get us back to even?
 

keenobserver

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The Federal Budget in 1996 was $1.5 trillion. Last year it was $4.7 trillion, Inflation has been a total of 63%. The population in 1996 was 270 million, today it is 330 million.

For clarity, in 1996 we spent $5555/person. Today we are spending $14252/ per person. Factoring in inflation, $5555 today would be about $9000. So where would you trim the budget to get us back to even?

I would restore the tax rate to Clinton era levels across the board.
 
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spaj8987

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You don’t see the need to control spending?

Yeah there's a very real difference in what is being controlled though.

Trump budget would cut Medicare, Medicaid and Social Security

[ While calling for an extension to his tax cuts for the rich and massive investments in his proposed border wall, President Donald Trump's proposed budget seeks to cut hundreds of billions of dollars from entitlement programs like Medicare, Medicaid and Social Security.

"We will not be touching your Social Security and Medicare in Fiscal 2021 Budget," Trump tweeted on Saturday, hours before the White House released a budget proposal that sought deep cuts to both programs. ]
 
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Thikn2velvet1

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Yeah there's a very real difference in what is being controlled though.

Trump budget would cut Medicare, Medicaid and Social Security

[ While calling for an extension to his tax cuts for the rich and massive investments in his proposed border wall, President Donald Trump's proposed budget seeks to cut hundreds of billions of dollars from entitlement programs like Medicare, Medicaid and Social Security.

"We will not be touching your Social Security and Medicare in Fiscal 2021 Budget," Trump tweeted on Saturday, hours before the White House released a budget proposal that sought deep cuts to both programs. ]

Again, what would you cut to control spending?
 

keenobserver

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You don’t see the need to control spending?

Trump is not trying to control spending. He is attacking the social safety net. It has been policy for Democrats to provide a path to pay for programs when they are proposed. I think spending can be better managed when we're not reducing the tax base by giving more money to corporations.
 
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spaj8987

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Trump is not trying to control spending. He is attacking the social safety net. It has been policy for Democrats to provide a path to pay for programs when they are proposed. I think spending can be better managed when we're not reducing the tax base by giving more money to corporations.

Ya know. Trying to help people save themselves from themselves gets pretty damn tiring sometimes. The whole lemmings thing might be a myth but it sure doesn't seem that way when it comes to certain human beings. :p
 
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deleted15807

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It appears that Trump is running the financials of the nation in a fashion similar to the way he handled his casinos...

Better be mindful of Occupant 45's bedrock economic operating principles: Borrow lots of Other People's Money (OPM), spend it recklessly, then renege on the debt and go bankrupt. Trump and the GOP borrowed money for 3 years, and gave it to the farmers as welfare and to the rich. They really do not care about this country, except to line their pockets. Meanwhile, when Obama was in office, they would shut down the government rather than increase the debt limit.

Federal Reserve Board Chair Jerome H. Powell told Congress on Tuesday that now would be a good time to reduce the federal budget deficit, which is expected to top $1 trillion this year.

“Putting the federal budget on a sustainable path when the economy is strong would help ensure that policymakers have the space to use fiscal policy to assist in stabilizing the economy during a downturn,” Powell said in testimony to the House Financial Services Committee.

In past recessions, the Fed has played a large role in reviving the economy by sharply cutting interest rates. But Powell has been warning lawmakers that the central bank won’t have much ammunition left to fight the next downturn because interest rates are so low (the benchmark rate is just below 1.75 percent, far below rates above 5 percent in the past).

Fed Chair Powell warns Congress that $1 trillion budget deficits are unsustainable