mouthofthetyne.com June 26 2017




Cabinet members head to Capitol Hill to defend Trump budget

June 26 2017, 12:12 | Rex Rios

Trump's Budget: “Compassion for Taxpayers”

Logo for President Trump's Taxpayer First Budget

The Environmental Protection Agency, the State Department, the Department of Housing and Urban Development, and the National Endowment for the Arts are among other agencies and programs that also would receive substantial cuts.

Does President Trump's budget cut funding to Medicaid?

Another sign of fiscal fraud: the budget's blithe assumption that we will hit 3 percent annual GDP growth over an extended period.

Democrats needle Republicans on Thursday with the gloomy assessment that 23 million people would lose insurance under the Republican health care bill, and that premiums for seriously ill people would rise.

It's worse than even some of President Trump's most vociferous critics could have imagined.

The proposal also adds $2.6 billion for border security and immigration enforcement - including $1.6 billion for building a wall on the U.S. -Mexico border, one of Trump's controversial campaign promises. Mexico emphatically rejects that notion.

President Donald Trump's first budget proposal, snubbed by some Republican allies, is just the latest example of an administration that seems at times clueless or indifferent toward Congress.

"More for the military, less for the poor", "Trump's draft budget breaks the promise of the campaign with cuts worth 800 billion dollars to Medicaid" and "Trump's budget strongly strikes his own voters" are some of the headlines in US media.

The truth of the matter is that there can be no plan for long-term fiscal balance that does not include both enhanced revenue and reform of the two biggest entitlement programs in the federal budget, Medicare and Social Security, which together account for 39 percent of all spending. John McCain, R-Arizona, called the budget "dead on arrival", and Rep. Hal Rogers, R-Kentucky, predicted that foreign aid cuts in the budget "will not stand" and called other cuts "draconian, careless and counterproductive". "They're not mere shavings, they're deep, deep cuts".

Trump's budget also includes reductions in pension benefits for federal workers, in part by requiring employees to make higher contributions. In agriculture, the proposed budget would limit subsidies to farmers, including for purchasing crop insurance, a move already attacked by farm state lawmakers. Those savings mostly come from changing the way the government doles out money to states. Trump, before he became a presidential candidate, ridiculed lawmakers for raising the debt ceiling, and Mulvaney - when he was a member of Congress - has opposed efforts to increase the debt ceiling, saying then that Congress should do more to restrain government spending.

Unlike the budgets of previous administrations, Summers said this one is not internally consistent with President Trump's vision. Dick Durbin of IL.

-The Great Lakes and the Chesapeake Bay: Trump's budget would eliminate the Great Lakes Restoration Initiative and the Chesapeake Bay Program, saving $427 million next year.

Trump's plan aims for 3 percent economic growth, much faster than the economy has grown recently.

Mulvaney repeated the administration's view that a combination of tax cuts, deregulation and other pro-growth policies make the 3 percent target attainable. But how can you explain a budget that counts $2 trillion in claimed economic growth twice?

Over the next 10 years, the president wants to cut more than $610bn from Medicaid, a programme that helps low-income Americans pay for medical expenses. They should have been-GDP growth never got close to that in Obama's eight years.



Other news