Posted on 02/09/2020 11:50:19 AM PST by karpov
President Trump is expected to release a $4.8 trillion budget Monday that charts a path for the start of a potential second term, proposing steep cuts to social-safety-net programs and foreign aid and higher outlays for defense and veterans.
The plan would increase military spending 0.3%, to $740.5 billion for fiscal year 2021, which begins Oct. 1, according to a senior administration official. The proposal would cut nondefense spending by 5%, to $590 billion, below the level Congress and the president agreed to in a two-year budget deal last summer.
A White House budget reflects an administration’s priorities and represents the opening bid in spending negotiations for the next fiscal year. The new budget proposal is unlikely to become law, however, as Democrats control the House and spending bills in the GOP-led Senate need bipartisan support.
This year, the budget also reveals Mr. Trump’s fiscal policy objectives should he win reelection in November, and his campaign messaging will likely reflect its broad strokes. The president’s aides have been meeting since late last year to craft a second-term agenda.
Among the agencies that would receive the biggest boost is NASA, which would see a 12% increase next year as Mr. Trump seeks to fulfill his goal of returning astronauts to the moon by 2024. On the other hand, the Environmental Protection Agency’s spending would be slashed by 26%.
The plan would request $2 billion in new funding for construction of the wall on the southern U.S. border, the senior administration official said—Mr. Trump’s signature 2016 campaign promise that sparked fights with Democrats in Congress, leading the president to trigger a historic five-week government shutdown last winter after lawmakers refused to fund the project. The latest $2 billion request is significantly less than the $5 billion the administration sought last year.
(Excerpt) Read more at wsj.com ...
Yup.
As long as he doesn’t cut MY Social Security and Medicare, I’m ok with cutting the rest...as the rest of the budget is just wasteful spending.
Amen Bro.
With the help of the Divine Providence of God Almighty this miracle of restoration can happen the way America’s miraculous birth happened.
My biggest disappointment in DJT is the federal budget. He promised an 18% cut in federal spending. So much for promises made, promises kept.
So many people working and holding better jobs, safety net funding not so necessary.
Trump economy windfall!
Waiting to see adds of Trump pushing granny’s wheelchair over the cliff.
If true, the Administration should have waited until after the election to let the word get out.
And Congress will never go along with it. So he gets to pose as attempting fiscal restraint while not having to actually govern under a tighter budget.
Win-win...except for the whole national debt thing.
The political class must continue to protect its medical insurance for government employees, and other insured and uninsured people must pay for it.
Cut off the funding for Public TV/Radio and it will still survive- most of these stations are owned by the state universities and/or the boards of regents
Do you know NPR/PBS got an INCREASE in funding this year? Thanks to the GOP senate.
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Until WE replace the Bush League Republicans, we will never Make America Great Again.
President Trump has to stop endorsing them.
The best way to cut the defect and cut taxes?
CUT THE SIZE OF THE FED GOVERNMENT which is mostly unconstitutional.
I bet if all, and I mean, ALL, foreign aid was cut (except to Israel) then our deficit wouldn’t be so large.
Senate Appropriations Committee Chairman Richard Shelby (R-AL), Subcommittee Chairman Roy Blunt (R-MO) are the a$$clowns who approved the NPR/PBS increase.
Alexander, Graham, McSally, Murkowsky, Hoeven, Rubio, Tillis, Burr, Lankford, Gardner, Cornyn, Hyde-Smith, Collins, Sasse, Cassidy, Shelby, Ernst, Blunt, McConnell, Wicker, Portman, Capito, Lee, Romney, Johnson, Toomey, Rounds, Thune, Daines, Barasso and Enzi are all Bush League Republicans.
We have to elect better Republicans.
Ones that side with the citizens, the rule of law and the Constitution.
But that would be missing the point right?
What’s the point?
Our own federal government is 80%+ unconstitutional. If tyranny is defined as unconstitutional acts of government, then we’re basically under tyranny that has assumed basically totalitarian power.
Cutting deficits and taxes would only be a by-product of the most important thing that MUST happen: cutting the 80%+ portion of the federal government.
Actually for years social security contributed to the federal budget and that’s one of the reasons federal budgets weren’t as bad as they would have been.
When the Medicare law was passed it actually was written into the law that the Medicare tax could only cover a third of the costs and the rest had to come from the general fund.
You could balance the budget by removing the cap on what amount of income is subject to the social security tax and adding a maximum benefit amount then changing the Medicare law so that the Medicare tax is doubled to two-thirds of the costs.
You’ve obviously never researched the federal budget. You could cut all spending besides social security, Medicare, Medicaid, defense, and interest on the debt and we would still have to borrow to cover just that. On the other hand Foreign Aid accounted for 1.2% of the federal budget in 2018.
We are having a massive and long running economic boom...and borrowing a trillion a year. We either raise revenue in someway(taxes, tariffs, selling federal lands, etc.) or let the whole system collapse.
I say if we want to be the party of fiscal responsibility again then it’s fiscally responsible to pay for those programs the majority of the American people want.
Your wrong. foreign aid was 1.2% of the federal budget in 2018.
All that is well and irresponsible, however, the point is that there was not a fiscal surplus under the Clinton Administration/Republican Congress.
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