Trump budget cuts will hurt Americans
- Author: Zachary Reyes May 28, 2017,
May 28, 2017, 12:37
The government hasn't run a surplus since the late 1990s when a budget deal between Democrat Bill Clinton and congressional Republicans combined with the longest USA economic recovery in history produced four years of black ink from 1998 to 2001.
The government runs a budget deficit because it spends more money than it brings in through revenue, and it borrows money to cover that difference by issuing debt.
Trump's budget assumes that his package of tax cuts will lead to 3 percent annual growth in the national GDP, nearly five times the growth seen in the first quarter of this year (0.7 percent).
Now the bare-fisted battle for money begins: President Donald Trump is recommending a $4.1 trillion federal budget. They show priorities, and that often is about it. Congress will battle this out, and it is unlikely many of Trump's draconian proposed cuts will stay.
Mr Mulvaney responded by pointing out that there were 47 million people on Snap at the height of the recession, and now there's 42 to 44 million.
Rep. Katherine Clark of MA asked whether a private school should be allowed to receive public money if it rejects LGBT students, DeVos says that decision is best left for states to make.
The American Health Care Association/National Center for Assisted Living said it is continuing to review the document. "Drastic Medicaid cuts like those included in this budget would jeopardize access to care for the most vulnerable in our society". Because right now, my unborn grandchildren are paying for it, and I think that is morally bankrupt. Trump's budget summary says the program is fully paid for, but includes only $19 billion over the next decade.
The administration's Fiscal Year 2018 budget is titled "A New Foundation for American Greatness", but Mulvaney told lawmakers it could have had a different title: "We could have called it the "taxpayer first" budget".
"It's a big impact", said Riley.
The Bipartisan Policy Center, which analyzes federal receipts and spending, had estimated that the government had until November to address the debt ceiling issue, but it recently moved up its projection to October 2 because tax receipts are coming in slower than expected and a huge federal payment is due that day. "They set up the rules around that", she said. As Alice Rivlin, who served as director of the Office of Management and Budget under Clinton, told the Times, "This has been a very long period of growth and we're at the high end already".
The budget proposal drives another nail in the coffin for Medicaid expansion, which was on the chopping block in the AHCA and would be phased out in 2020 as the program was augmented. The Congressional Budget Office estimates that would reduce federal Medicaid spending by $839 billion over 10 years.
Ms Lee replied: "At least 20 per cent of people eligible for Snap don't even receive Snap because of stigma and other reasons - so there are more people who need Snap benefits".
"We are talking about half the births in the United States, 30 million children, and half of all nursing home and long-term care nationwide for senior citizens and people with disabilities", said Rep. Jan Schakowsky, D-Ill., citing Medicaid's extensive reach.
The Committee's Ranking Democrat John Yarmuth (Ky.) suggested that the Administration's budget prioritizes the military at the expense of other important federal programs.