Trump's Deficit-Bursting Budget Revealed
February 13, 2018
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9:14Now PlayingTrump's Deficit-Bursting Budget Revealed
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as posted by the channelDeficit’s don’t matter anymore. Cenk Uygur, the host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
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“WASHINGTON — President Trump on Monday sent Congress a $4.4 trillion budget with steep cuts in domestic programs and entitlements, including Medicare, and large increases for the military, envisioning deficits totaling at least $7.1 trillion over the next decade.
The blueprint, which has little to no chance of being enacted as written, amounts to a vision statement by Mr. Trump, whose plan discards longtime Republican orthodoxy about balancing the budget, instead embracing last year’s $1.5 trillion tax cut and new spending on a major infrastructure initiative.
The plan does not completely embrace the two-year budget deal struck by Congress and signed by Mr. Trump last week to boost both domestic and military spending by $300 billion. Mick Mulvaney, Mr. Trump’s budget director, informed House Speaker Paul D. Ryan, Republican of Wisconsin, in a letter that the president is proposing to pour much of the increased domestic spending in that package into defense and fixing “some longtime budget gimmicks” that have added to the nation’s deficits.
“The administration does not believe these nondefense spending levels comport with its vision for the proper role and size of the federal government,” Mr. Mulvaney wrote.
That bill, which President Trump signed into law last week, would increase military spending by $195 billion over the next two years and increase nondefense spending by $131 billion over that period. But Mr. Trump’s budget proposal calls for a different approach and says Congress should not spend that non-defense money.”
Hosts: Cenk Uygur
Cast: Cenk Uygur
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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