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Trump budget to slash entitlements by $1.7 trillion!
Axios via Associated Press ^
| 05/22/2017
| Pablo Martinez Monsivais
Posted on 05/22/2017 8:08:31 AM PDT by SeekAndFind
- Balanced budget: I am told Trump's budget will balance over ten years. To get there, it will propose tough cuts on both the mandatory and discretionary sides e.g. to the EPA and State Department and will assume that the U.S economy will grow at 3 percent instead of the 1.6 percent rate it grew in 2016. The 3 percent growth rate will be reached after a few years, not immediately.
- Where the entitlement cuts are made: From programs including SNAP (food stamps), CHIP (Children's Health Insurance Program), and SSDI (Disability Insurance). The budget proposal will also assume that Trump can sign into law the American Health Care Act the Obamacare repeal and replace bill that passed the House and is now being considered by the Senate. That bill makes substantial cuts to Medicaid.
- How the entitlement money will be saved: The source tells me there'll be an "emphasis on work requirements for able-bodied people" to save money on these social welfare programs.
"Good news" budget items the administration will tout:
- Student loans: As the Washington Post previewed: "students currently can have the balance of their loan forgiven after paying 10 percent of their income for 20 years. Trump's proposal which makes good on a campaign promise would raise the maximum payment to 12.5 percent of income, but shorten the payment period to 15 years."
- Pell grants: As the Post previewed: "The spending plan supports year-round Pell Grants, which allow low-income students to use the money for three semesters of college, instead of two. That way, students can take a full load of courses year-round and earn a degree faster."
TOPICS: Culture/Society; Government; News/Current Events
KEYWORDS: 115th; budget; entitlement; federalspending; second100days; trump; trumpbudget; trumpwinsagain
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To: SeekAndFind
I can already hear the screaming.
2
posted on
05/22/2017 8:10:18 AM PDT
by
henkster
(Orwell, Rand and Huxley would not be proud of our society, but they'd have no trouble recognizing it)
To: SeekAndFind
Great news. Sure throws water on the navy ship story. Trump’s brilliant period.
3
posted on
05/22/2017 8:11:11 AM PDT
by
napscoordinator
(Trump/Hunter, jr for President/Vice President 2016)
To: SeekAndFind
I wish.
I don’t receive entitlements but I am forced to pay for them for others. I don’t even get to choose to whom I give charity. It is forcibly stolen from me and given to those chosen by government.
4
posted on
05/22/2017 8:12:16 AM PDT
by
Principled
(OMG I'm so tired of all this winning....)
To: henkster
MMMMMMmmmm....Dem frustration. Music to my ears.
I'd suspect that millions of illegals self-deporting will shave a few percentage points out of the budget, too.
5
posted on
05/22/2017 8:12:27 AM PDT
by
wbill
To: henkster
Yep. Me too. The liberals will scream that he’s taking food out of the mouths of babies. All the usual stuff will be said. Lack of compassion for the poor and all that. Taking food out of people’s mouths. Evicting people from their comfy Section 8 housing. Women and children and vulnerable minorities hurt hardest. Etc.
To: SeekAndFind
The source tells me there'll be an "emphasis on work requirements for able-bodied people" to save money on these social welfare programs.That'll make the "never-worker's" heads explode!
To: SeekAndFind
I have a problem with describing Social Security & Medicare as entitlements seeing I paid into them for almost 60 years.
To: SeekAndFind
Congress will change those cuts to little or nothing is my prediction.
9
posted on
05/22/2017 8:14:07 AM PDT
by
SaxxonWoods
(Ride To The Sound Of The Guns)
To: SeekAndFind
believe it when I see it...Then I’ll really believe it when it’s passed.
10
posted on
05/22/2017 8:14:08 AM PDT
by
Drango
(A liberal's compassion is limited only by the size of someone else's wallet.)
To: SeekAndFind
Another way to reduce the budget:
Reduce the number of weeks one can receive unemployment money back to the 26 weeks it was for years!
To: henkster
Wailing, gnashing of teeth...
12
posted on
05/22/2017 8:14:51 AM PDT
by
Army Air Corps
(Four Fried Chickens and a Coke)
To: SeekAndFind
The libs are already inking up the boo-hoo presses. Expect to drown in stories of starving crippled children and whip-wielding overseers flogging a new generation of welfare slaves.
13
posted on
05/22/2017 8:15:41 AM PDT
by
IronJack
To: SeekAndFind
>>>Trump budget to slash entitlements by $1.7 trillion!
Which is exactly why it will never happen. So...I'm not sure what the excitement is for. The democrats will not go for it...and all they need is 22ish spineless republicans...and this is toast. The swamp is never going to go for it and the GOP is not going to shut the government down to support it.
This is DOA. Not being a debbie-downer...just being a realist. If anyone wants to make a wager...I'm game...have your pay-pal ready.
To: SeekAndFind
DOA.. Ryan and The Turtle will see to it.
The swamp needs more draining.
15
posted on
05/22/2017 8:17:23 AM PDT
by
cableguymn
(We need a redneck in the white house....)
To: SaxxonWoods
They will change the - to a + You can take that to the bank.
16
posted on
05/22/2017 8:18:24 AM PDT
by
cableguymn
(We need a redneck in the white house....)
To: SeekAndFind
No President’s budget gets enacted.
17
posted on
05/22/2017 8:18:52 AM PDT
by
Uncle Miltie
(The Washington Post is Jeff Bezos' Fake News unregulated SuperPAC.)
To: SeekAndFind
The $1.7 trillion in costs are over ten years. Are $170 billion per year in cuts enough to offset the planned increases in spending for Defense, Infrastructure, and Child Care and still balance the budget?
To: Road Warrior ‘04
That has been changed to 26 weeks years ago....at least in Virginia, so I assume that is true elsewhere.
19
posted on
05/22/2017 8:19:37 AM PDT
by
Dave W
To: SeekAndFind
Conservatives will love it;
moderates BARKING MOONBAT LEFTISTS will probably hate it.
FTFY
20
posted on
05/22/2017 8:20:04 AM PDT
by
Don W
(When blacks riot, neighbourhoods and cities burn. When whites riot, nations and continents burn.)
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