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The White House Announces Its Rescission Package
whitehouse.gov ^ | 5/8/2018 | white house

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 He has sought to eliminate outdated and ineffective programs across the federal government, ending the debt spiral.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 ...


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; Government
KEYWORDS: 115th; 2018issues; djt; draintheswamp; maga; rescission; trump; trumpbudget
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To: Diana in Wisconsin

Amen.

Greatest President in my lifetime. Perhaps greatest ever.


41 posted on 05/08/2018 3:44:23 PM PDT by generally ( Don't be stupid. We have politicians for that.)
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To: Red Badger

Investing in duct tape.

:-)


42 posted on 05/08/2018 3:44:48 PM PDT by generally ( Don't be stupid. We have politicians for that.)
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To: 9YearLurker

Fiscal year ends Sept 30. The amount of spending in September often equals the other 11 months.


43 posted on 05/08/2018 3:59:53 PM PDT by spintreebob
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To: Jim Robinson
WINNING!!!

44 posted on 05/08/2018 4:34:25 PM PDT by Chode (You have all of the resources you are going to have. Abandon your illusions and plan accordingly.)
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To: bitt

We must pay down this debt and liberals need to pay back the majority of it.

JoMa


45 posted on 05/08/2018 5:03:39 PM PDT by joma89
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To: Diana in Wisconsin

>>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.


46 posted on 05/08/2018 5:55:39 PM PDT by fortes fortuna juvat ( This Who are the idiots who elected this dreadful Pope? They need to unelect him. He is a disgrace.)
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To: Diana in Wisconsin

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.


47 posted on 05/08/2018 6:43:37 PM PDT by dp0622 (The Left should know if Trump is kicked out of office, it is WAR!)
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To: Diana in Wisconsin
To cite an old song, I second that emotion....

MAGA!!!

48 posted on 05/09/2018 2:14:54 AM PDT by trebb (I stopped picking on the mentally ill hypocrites who pose as conservatives...mostly ;-})
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To: SeekAndFind

We would have saved that much with a wall. Kabuki.


49 posted on 05/09/2018 2:15:45 AM PDT by momincombatboots (No Wall, No Way 2018)
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To: dp0622

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! :)


50 posted on 05/09/2018 5:34:46 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set.)
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To: bitt

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.


51 posted on 05/09/2018 6:09:22 AM PDT by Jumper
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To: lonevoice

“President Trump stands ready to put our fiscal house back in order and put the American taxpayer first.”

Go Trump! MAGA


52 posted on 05/09/2018 7:09:54 AM PDT by Pride in the USA
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To: bitt

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


53 posted on 05/09/2018 10:42:39 AM PDT by research99
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To: T Ruth

You’re right. He’s willing to do something nominal, lest he break faith with his democrar friends. Everybody needs to calm down


54 posted on 05/10/2018 3:17:37 PM PDT by j.havenfarm ( 1,000 Posts as of 8/11/17! Still not shutting up after all these years!)
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