The White House Announces Its Rescission Package: Trillions of dollars in common-sense spending cuts

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SOURCE: WHITE HOUSE

URL: https://www.whitehouse.gov/articles/white-house-announces-rescission-package/

by Russ Vought


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 He has sought to eliminate outdated and ineffective programs across the federal government, ending the debt spiral.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

At the direction of President Trump, the Office of Management and Budget has worked diligently to identify wasteful and unnecessary spending already approved by Congress. On Tuesday, President Trump will send Congress a $15.4 billion rescissions request, the largest ever using this authority.

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On Tuesday, President Trump will send Congress a $15.4 billion rescissions request, the largest ever using this authority.

$15.4 Billion is A DROP IN THE BUCKET. That isn't even enough to fund the border wall project. If congress can't even cut this, we're doomed.