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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrumps Budget Doesnt Make Sense
President Trump entered office facing the worst ratio of debt to gross domestic product of any new president in American history except Harry Truman an onerous 77 percent. So, like many presidents before him including, most recently, President Barack Obama, who had to respond to the economic crisis he inherited President Trump is faced with the choice of whether and how to confront a looming situation not of his own making.
To his credit, the president put forth the goal of balancing the budget over a decade and starting to reduce the debt. Still, goals dont balance budgets, tough choices do. President Trumps budget sticks to his campaign promises including increasing military spending, investing in infrastructure, talk of tax cuts without specific offsets and protecting Social Security and Medicare, a reassuring political promise that removes over one-third of the budget from consideration.
The problem is, those promises didnt add up on the campaign trail, and they dont now.
On paper, the $1.3 trillion deficit projected for 2027 would be erased under the Trump budget. But there are a lot of heroic assumptions made to get there. A full $300 billion, including interest, comes from a 40 percent cut to nonmilitary discretionary spending, with much of the savings coming from simply assuming non-specified reductions. An additional $100 billion comes from timing shifts, one-time payments and an ambitious estimate for reducing waste, fraud and abuse.
To his credit, the president put forth the goal of balancing the budget over a decade and starting to reduce the debt. Still, goals dont balance budgets, tough choices do. President Trumps budget sticks to his campaign promises including increasing military spending, investing in infrastructure, talk of tax cuts without specific offsets and protecting Social Security and Medicare, a reassuring political promise that removes over one-third of the budget from consideration.
The problem is, those promises didnt add up on the campaign trail, and they dont now.
On paper, the $1.3 trillion deficit projected for 2027 would be erased under the Trump budget. But there are a lot of heroic assumptions made to get there. A full $300 billion, including interest, comes from a 40 percent cut to nonmilitary discretionary spending, with much of the savings coming from simply assuming non-specified reductions. An additional $100 billion comes from timing shifts, one-time payments and an ambitious estimate for reducing waste, fraud and abuse.
https://www.nytimes.com/2017/05/23/opinion/trumps-budget-deficit.html
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Trumps Budget Doesnt Make Sense (Original Post)
spanone
May 2017
OP
MineralMan
(146,329 posts)1. Trump Doesn't Make Sense...
spanone
(135,873 posts)2. no he doesn't and neither does his election win...which brings up the russian investigation.
Lint Head
(15,064 posts)3. The only sense Trump makes is the sense of smell.
He and his whole family smell of dung.