Posted on 05/08/2018 12:04:15 PM PDT by bitt
Washington has a spending problem. The national debt is now more than $21 trillion and the deficit could reach $1 trillion next year.
Through his two budget requests to Congress, President Trump has proposed trillions of dollars in common-sense spending cuts. He has sought to eliminate outdated and ineffective programs across the federal government, ending the debt spiral.
Among the fiscal tools at Mr. Trump’s disposal is Title X of the 1974 Congressional Budget and Impoundment Control Act. That law gives the president authority to propose rescinding specific funding previously approved by Congress. Because such “rescissions” require Congress to pass new legislation, the law allows the president to freeze these funds for 45 days. Rescissions can be approved with simple majorities in both houses, meaning the Senate can’t block them with a filibuster.
(Excerpt) Read more at whitehouse.gov ...
Amen.
Greatest President in my lifetime. Perhaps greatest ever.
Investing in duct tape.
:-)
Fiscal year ends Sept 30. The amount of spending in September often equals the other 11 months.
We must pay down this debt and liberals need to pay back the majority of it.
JoMa
>>Sure shows you what lackluster (and destructive) Leadership we’ve had through the years. This guy gets. things. done.<<
That is a very important point, and somehow President Trump needs to use it to hammer the do-nothing leadership we’ve had for decades and still have today, especially in Congress.
Not through all the years.
Reagan was GREAT and some sheople here are throwing him to the wolves.
I won’t have it.
I love Trump, but I wont have it.
MAGA!!!
We would have saved that much with a wall. Kabuki.
No one ever takes anything away from President Reagan. That’s a given.
Reagan was the first President I got to vote for when I turned 18, so he was ‘my’ first President...and because the GOPe has SUCKED for the DECADES after him, it’s been all downhill after that.
Until now! MAGA! :)
The folks in DC all think tax dollars are essentially the same formula as was QE, hence their inability to stop the limited authorization of QE which was in effect the entire Obama presidency. It is time to either pay the piper or go off the cliff. Tax dollars can promote economic activity, but tax dollars can also curtail economic activities, i.e., in education the state has both the political incentive to choose itself as the winner rather than allow religious, charter or home schooling as the Per Seat dollars from Taxes are lost Per Child.
“President Trump stands ready to put our fiscal house back in order and put the American taxpayer first.”
Go Trump! MAGA
It’s not inconceivable that FR played a role, in publicizing the prospect of using the rescission clause for today’s announced rollback.
The earlier thread was here:
https://www.freerepublic.com/focus/f-news/3642204/posts
You’re right. He’s willing to do something nominal, lest he break faith with his democrar friends. Everybody needs to calm down
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