Office of Management and Budget director Mick Mulvaney detailed President Trump’s 2018 budget proposal last week. Here’s what you need to know and what I have to say about it.
budget, like all other presidents’ budgets, is merely what the current
administration hopes for and will not be enacted, includes $3.6 trillion
in total spending reductions over the next decade with the biggest
savings coming from the assumed adoption of the American Health Care
Act, which faces quite a substantial hurdle in the Senate.
budget is titled: “A new foundation for American jobs” and this
emphasis on economic growth is why so many Americans put a businessman
in charge of the world’s largest economy. For once, the administration
is at least attempting to care for the taxpayers that fund this enormous
government sprawling across the swampy streets of Washington DC.
Mulvaney said they’re thinking more about the people who are paying the
taxes, trying to justify why hardworking people should cough up their
money for many redundant or repetitive programs instead of only focusing
on those receiving the benefits and growing the ineffective welfare
The balancing of the budget relies on
some optimistic assumptions such as Trump signing into law tax reform
that is revenue neutral and revving the economy back to 3% growth. To
get there, we need some historic tax cuts and slashing of regulations.
At least Trump’s budget aims to make some significant cuts.
safety net takes a pretty good hit. Trump’s budget would cut spending
on “mandatory” programs by about $1.7 trillion over the next ten years.
In addition, Medicaid would be cut by $610 billion over that same time.
However, Social Security and Medicare would not be touched.
cuts to discretionary spending that Trump wants to see are: EPA (-31.4%
off budget in first year), State Department (-29.1%), Agriculture
(-20.5%), Labor (-19.8%), and Health and Human Services (16.2%). This is
merely trimming of the fat. There is plenty more excess to get rid of.
Sadly, we will likely see the government continue to grow and grow no
matter which party has Congress or the White House because elected
lawmakers in Congress would rather give out more stuff to people as it
is easier to get votes that way instead of doing the right thing and
acting responsible to get our country back on a sustainable path
But so few actually care about the fiscal stability of our nation.
Trump wants to spend even more on our
already ridiculous defense budget by 4.6% in 2018. The law and order
candidate turned president also wants to increase the Homeland Security
budget by 6.8% next year. Ivanka’s influence in the budget? $19 billion
over 10 years to help states provide paid parental leave for new
mainstream media is melting down over Trump daring to touch the many
anti-poverty programs that have done next to nothing to alleviate
poverty in this country. Heaven forbid anyone slow the constant and
steepening rise of big government here in the land of the free. The
media continues to spin Trump’s budget as a “billionaire’s budget” but I
don’t see how that adds up. Our politicians for years have attempted to
throw more money at the problem of poverty and have not changed their
strategy despite a mountain of evidence to the contrary. As Lee
Ohanian’s April 2014 piece in the Hoover Institution’s Hoover Digest stated: “An army of programs didn’t just fail to defeat poverty. It created a culture of permanent government assistance.”
That didn’t stop Vermont Senator Bernie
Sanders, who got screwed over last year by Hillary Clinton and the
Democratic National Committee, from lecturing Mr. Mulvaney on the
horrors involved in Trump’s budget.