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Author Topic: Trump to propose budget that won't balance within a decade  (Read 221 times)

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Online mystery-ak

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Trump to propose budget that won't balance within a decade
« on: February 10, 2020, 02:41:56 pm »
Trump to propose budget that won't balance within a decade
by Nihal Krishan
 | February 10, 2020 08:55 AM

President Trump's fiscal year 2021 budget, to be released Monday, won't balance within a decade.

Nevertheless, the Trump administration, eager to portray itself as fiscally conservative even as it presides over spending increases and tax cuts, will include $4.4 trillion in spending reductions over the next decade in the budget document, aiming to have it balance within 15 years, rather than the 10-year time frame usually used in such budget blueprints.

The White House budget, which is just a proposal and will be ignored by Congress, is expected to signify that Trump's priorities lie in directing new funding to the military and NASA while cutting foreign aid and environmental protection and proposing reduced entitlement spending.

more
https://www.washingtonexaminer.com/policy/economy/trump-to-propose-budget-that-wont-balance-within-a-decade
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Offline EdinVA

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Re: Trump to propose budget that won't balance within a decade
« Reply #1 on: February 10, 2020, 02:51:36 pm »
So, the proposed budget has not yet been released and this person knows everything there is to know about the budget and quoting the Washington Post to boot.

The easiest job in the world is a Critics.. never has to justify anything or live with the consequences, just churn out the click-bait.
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Offline aligncare

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Re: Trump to propose budget that won't balance within a decade
« Reply #2 on: February 10, 2020, 02:54:13 pm »
How do you eat an elephant?  One bite at a time.
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Offline catfish1957

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Re: Trump to propose budget that won't balance within a decade
« Reply #3 on: February 10, 2020, 02:58:06 pm »
Quote from: aligncare on February 10, 2020, 02:54:13 pm
How do you eat an elephant?  One bite at a time.

I was hoping for something a tad more agressive toward debt reduction.
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Offline skeeter

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Re: Trump to propose budget that won't balance within a decade
« Reply #4 on: February 10, 2020, 03:02:04 pm »
Quote from: catfish1957 on February 10, 2020, 02:58:06 pm
I was hoping for something a tad more agressive toward debt reduction.

Gotta reform entitlement spending in order to meaningfully reduce the debt. And there's no way to effectively tackle that in an election year.

Next year there'll be no excuses.
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Offline Cyber Liberty

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Re: Trump to propose budget that won't balance within a decade
« Reply #5 on: February 10, 2020, 03:28:55 pm »
Off with his head!

Trump is obviously not up to the task, we need to replace him with a Democrat in order to balance the budget.

:sarc:
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Offline roamer_1

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Re: Trump to propose budget that won't balance within a decade
« Reply #6 on: February 10, 2020, 03:31:47 pm »
Quote from: catfish1957 on February 10, 2020, 02:58:06 pm
I was hoping for something a tad more agressive toward debt reduction.

Wanna bet the significant buy-down starts in 5 years?
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