Trump budget would cut $4.4T in spending, boosting defense while slashing safety nets, foreign aid

FNC ^ | 2/9/2020 | Gregg Re

[Boomer]

The White House on Sunday unveiled a $4.8 trillion budget proposal that would slash spending dramatically on foreign aid and social safety nets, while including $2 billion for a southern border wall and substantially boosting funding to NASA, the Department of Veterans Affairs and the Department of Homeland Security.

[Revolutionary]

People are working. Less need for the big safety net bucks.

[UnwashedPeasant]

To see the federal revenue, spending, and surplus/deficit from 1789 to 2024(est.), look at page 24 of this file:

https://www.govinfo.gov/content/pkg/BUDGET-2020-TAB/pdf/BUDGET-2020-TAB.pdf

Here are the 2020 estimated numbers:
Revenue: $3,644,772,000,000
Spendung: $4,745,573,000,000
Annual Deficit: ($1,100,801,000,000)

[PghBaldy]

I wonder how long the economy lasts while China is shut down?

[Nateman]

If last years budget was 4.4 trillion and 4.4 trillion is being cut that means they are not spending ANYTHING this year? (Just pointing out the bogus headline)

[Boomer]

If you read the article; that 4.4T cut would be over 10 years but I do get your drift.

Poor writing is all too common these days.

[Nateman]

The 10 year forecast is always a scam. Never happens. Only thing that is going to fix it is a balanced budget amendment. One that also limits taxes and bases revenue on the proceeds from last year. (With this penalty: If the budget goes over anyone who signed on is not eligible for re-election next time, they have to wait 2 years before they can run for office again)

[Bullish]

What? No more Obama phones on our dime?

[ronnie raygun]

SOCIAL SAFTEY NETS!!! this is what the article is all about, not defense, not foreign aid, SOCIAL SAFTEY NETS

[blueplum]

thanks. I knew I saw somewhere that revenue was abt $3.6T. So we’re a trillion over income, but Congress wants to bellyache and add a few more trillion because, money is imaginary stuff to them.

[mowowie]

influence

[Drago]

White House releases proposed budget later today...heard that it proposes a 15 year timeline to a balanced budget...what a joke if true. The House will decimate any budget proposal anyway...PDJT should propose a balanced budget now to show them how it is done.

[Svartalfiar]

DOA. I don’t know why the executive even sends a budget to congress unless it’s a campaign ploy.

The Budget and Accounting Act of 1921 requires the President to submit the budget to Congress for each fiscal year. The current federal budget law (31 U.S.C. § 1105(a)) requires that the President submit the budget between the first Monday in January and the first Monday in February.

[dblshot]

Well there is that.