Donald Trump budget would affect Wisconsin's poor, elderly and disabled, advocates say
- Author: Salvatore Jensen May 24, 2017,
May 24, 2017, 7:50
"A truly groundbreaking thing for this president to do and to prove to folks that we can do things like that and we can still balance the budget if we prioritize our spending right", Office of Management and Budget Director Mick Mulvaney said in a briefing with reporters on Monday.
Nussle's comment came the morning after Trump's proposed fiscal 2018 budget became public.
"We're not going to measure our success by how much money we spend, but how many people we actually help", Mulvaney said.
Mulvaney explained the cuts in social programs as a desire to get people who are now relying on federal programs when they should not be to instead go back to work.
The plan promises that overhauling the tax code and easing regulations will lift economic growth from the lacklustre 2.1% average rate of recent years to sustained annual gains of 3% or better.
- Bernie Sanders (@SenSanders) May 23, 2017The White House on Tuesday unveiled a 2018 spending proposal that lays out a strategy for balancing the budget over 10 years. In 2015 and 2016, Trump repeatedly promised to "save" social welfare programs, insisting Medicare, Medicaid and Social Security benefits would be preserved under his administration. From the Medicaid program, more than $800 billion would be slashed and about $192 billion from food stamps. But Trump's insistence throughout the campaign, including during the GOP primary, that he would not touch either program suggests the battle had not been won or deemed threatening enough with Republican voters. The proposal also includes big cuts in Social Security's disability program.
House Speaker Paul Ryan says he is pleased the budget projects a balance and says he's never encountered a presidential budget that people didn't declare "dead on arrival".
At the 10-year mark, Trump's budget is supposed to have balanced the federal ledger, without cutting Social Security or Medicare retirement benefits.
Central bankers have penciled in trend US growth of around 1.8 percent over the long run, while some Wall Street analysts think Trump's tax cuts could push growth to 2.3 percent in 2020. Do you think they need to tone it down?
Congress ultimately controls the government purse strings and may reject some or numerous Trump administration's proposals. The budget proposal also calls for deep cuts to education, slashing funding by $9.2bn over the next decade.
At the same time, the blueprint boosts spending on the military by tens of billions and calls for $1.6 billion for a border wall with Mexico that Trump repeatedly promised voters the us neighbor would finance.
And with this budget, the values of President Trump and Republicans in Congress are on full display: "to endanger the future of hard-working American families", said a post on her website. They're going to increase defense spending. Foreign aid makes up roughly 1% of the federal budget and includes a host of programs meant to help implement national security policy.
And, the budget supports broader efforts to streamline government, which will drive an economic boom and raise incomes and expand job opportunities for all Americans, the White House said.