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Trump $4.8 trillion budget proposal: hits Medicaid farms food stamps ed. loans, still $1T in the red

Discussion in 'American Politics' started by essentialsaltes, Feb 10, 2020.

  1. essentialsaltes

    essentialsaltes Stranger in a Strange Land

    +12,134
    Atheist
    Legal Union (Other)
    President Donald Trump is offering a $4.8 trillion election-year budget plan that recycles previously rejected cuts to domestic programs to promise a balanced budget in 15 years — all while boosting the military and leaving Social Security and Medicare benefits untouched.

    Fortunately, this proposal is a fantasy for a couple reasons. #1 Balancing the budget in 15 years relies on an optimistic projection of future growth over those 15 years that is faster than we have achieved recently. #2 Congress actually has the power to pass budgets, so at best this is just a wish list of sorts for the president.

    Unfortunately, very few people in Congress on either side of the aisle are committed to balancing the budget, so in this election year, we can expect any actual budget to be just as irresponsible as this proposal.
     
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  2. Aryeh Jay

    Aryeh Jay Veteran Supporter

    +9,230
    United States
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    It is truly mind boggling how badly Obama's reckless spending destroyed out once great country and economy in just eight years. It is a good thing the American people saw through this travesty and elected the one who can make a dent in this insurmountable problem.
     
  3. SeventyOne

    SeventyOne Well-Known Member

    +2,612
    United States
    Calvary Chapel
    Married
    There's plenty of blame to go around for both parties concerning this massive debt we find ourselves in, and those who have sat in the House over the last 50 years most of all.
     
  4. essentialsaltes

    essentialsaltes Stranger in a Strange Land

    +12,134
    Atheist
    Legal Union (Other)
    Everyone knew Trump's promises to eliminate the total debt in 5 years was flim flam. His promises to eliminate the deficit during his term were also absurd. But what we've gotten is exploding deficits. His current promise to have a balanced budget in 15 years would require a miracle that not even Trump economists buy.

    via @jasonfurman

    16 Members of the FOMC (including 4 Trump appointees) released forecasts in Dec. The latest administration forecast is way above the top of their range.

    [​IMG]
     
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  5. HTacianas

    HTacianas Well-Known Member

    +5,507
    United States
    Eastern Orthodox
    Single
    That's the primary reason I support a constitutional convention of the States. Someone has to reign in the Federal government.
     
  6. cow451

    cow451 The Most Interesting Poster in the Forum Supporter

    +13,599
    United States
    Baptist
    Married
    US-Others
    This just in.... The United States has filed Chapter 13 Bankruptcy papers.

    In other financial news, Russian Oligarchs have formed an LLC and have put in a bid for Alaska. Former Governor Sarah Palin has been named Communications Director of UBetcha-Russia Holdings.
     
  7. Aryeh Jay

    Aryeh Jay Veteran Supporter

    +9,230
    United States
    Married
    Just imagine the great things that Trump would have been able to do if he didn’t constantly have to defend himself from unfounded lies, attacks, coups, and threats of impeachment. If the Democrats cared for this country, they would have allowed Trump to be the President unmolested like the Republicans allowed for Obama. I guess that doesn’t fit with the Pelosi Playbook and their agenda.
     
  8. Rubiks

    Rubiks proud libtard

    +2,179
    United States
    Christian
    Single
    How does a country declaring bankruptcy even work? Wouldn't China be like: "Yeah, nice try bro, we still want our money back." ?
     
  9. Rubiks

    Rubiks proud libtard

    +2,179
    United States
    Christian
    Single
    I didn't know today was opposite day.
     
  10. Rubiks

    Rubiks proud libtard

    +2,179
    United States
    Christian
    Single
    Apparently it's not socialism™ to use taxpayer funds to blow up brown people, but it's socialism™ to use taxpayer funds for healthcare et cetera.
     
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  11. mark46

    mark46 Well-Known Member Supporter

    +3,162
    Catholic
    Married
    US-Democrat
    This simply continue's Ryan's approach to the budget, with a MAJOR, MAJOR exception. Trump has no interest in reducing the deficit or debt.
     
  12. Speedwell

    Speedwell Well-Known Member

    +12,474
    United States
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    We're just being over-poed.
     
  13. seeking.IAM

    seeking.IAM Episcopalian Supporter

    +2,259
    Anglican
    Married
    Cut the defense budget. It's why we can't have nice things.
     
  14. mark46

    mark46 Well-Known Member Supporter

    +3,162
    Catholic
    Married
    US-Democrat
    I'm sure that you understand that if we cut the Defense budget, as we will, that will not necessarily mean that the president or the Senate would approve more "nice things" like drug treatment centers, and access to medical care.
     
  15. seeking.IAM

    seeking.IAM Episcopalian Supporter

    +2,259
    Anglican
    Married
    I do understand that. I think it should come down to a few basic questions:
    1. What do you value?
    2. What do you want to invest in?
    3. What do our Christian values direct us to do (and does anybody inside the beltway really care about Christian values other than to garner votes?)
    4. How much of our defense budget is spent to defend us and how much is spent to defend others?
    5. Does our defense budget best serve the American people or the profit margins of the major corporations of the military-industrial complex?
     
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