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n2doc

(47,953 posts)
Thu May 11, 2017, 04:17 PM May 2017

And the next distraction...Trump finalizing budget with domestic cuts

WASHINGTON (AP) — The White House is finalizing a budget blueprint that promises a balanced federal budget within 10 years, doubling down on cuts to domestic agencies and adding a new round of cuts to the Medicaid program for the poor.

Details are sketchy and remain subject to change. But Republican officials on Capitol Hill say President Donald Trump’s upcoming budget plan will rely on rosy predictions of economic growth — and the higher tax revenues that would result. The plan also relies on cuts to Medicaid and other so-called entitlement programs such as food stamps to promise a balanced federal ledger.

Trump has long promised that he won’t cut Social Security and Medicare benefits. The programs are the pillars of retirement for many seniors — and are politically dangerous to cut.

The White House budget follows the release in March of a partial budget plan that focused on agency budgets for the 2018 fiscal year that starts in October that promised a 10 percent increase in defense spending next year accompanied by equal cuts to domestic agencies and foreign aid. The domestic cuts were widely criticized by lawmakers in both parties and a smaller batch of cuts was ignored last week when Congress wrapped up a long-delayed $1.1 trillion funding bill for the ongoing budget year.


more
https://www.apnews.com/87fe25b424f7419d9d811c81a19bf3eb/GOP-officials:-Trump-finalizing-budget-with-domestic-cuts
A new outrage every week. sometimes twice a week.

Latest Discussions»General Discussion»And the next distraction....