Trump administration unveils first budget with 3.6-trillion-dollar spending cut

The proposal is laced with cuts to domestic agencies, food stamps, Medicaid, highway funding and medical research.

President Donald Trump's budget would drive millions of people off of food stamps, part of a new wave of spending cut proposals that already are getting panned by lawmakers in both parties on Capitol Hill.

Government planners typically project inflation and population growth into budgets, meaning a budget that does not increase is said to be cut relative to the costs and needs a program faces.

Part of the ritual of the budget dance in Washington, of course, is the opposition party declaring the president's budget to be "DOA - dead on arrival". It foresees scuttling Barack Obama's health care law and an overhaul of the tax code, a boon to the wealthiest Americans.

The plan calls for significant funding cuts for global health programs, food aid, and worldwide peacekeeping, as well as educational and cultural exchanges and climate change programs. Numerous voters who propelled Trump into the presidency last November would see significantly less from the federal government.

Office of Management and Budget Director Mick Mulvaney defended the cuts in climate change funding, saying the administration wants to avoid the "crazy things" the Obama administration had done related to global warming.

The new budget plan builds on Trump's March proposals, adding details to his goal of boosting defense spending by $54 billion, a 10 percent increase, for this year, with that boost financed by an equal cut to nondefense programs. Mexico emphatically rejects that notion.

The budget plans to cut $800 billion from Medicaid, known as the federal health program for the poor, over the next 10 years.

A program created to move people receiving Social Security disability payments back into enter the workforce is politically toxic as well.

However, when you think about it, this means that they think that the tax cuts pay for themselves. If you're on disability insurance and you're not supposed to be - if you're not truly disabled, we need you to go back to work. "Come on. That doesn't add up", Roberts said. The savings would instead go toward increased Defense Department spending and avoid cuts to the main Social Security and Medicare programs.

Social Security disability benefits would be cut by almost $70 billion over the next decade by encouraging and, in some cases, requiring people receiving the benefits to re-enter the workforce.

"President Trump's 2018 budget. reflects a cruel indifference to the millions of low income seniors, people with disabilities, families with children, veterans, and other vulnerable people who are struggling to keep a roof over their heads", said Diane Yentel, President and CEO of the National Low Income Housing Coalition. Dick Durbin of IL.

Steve Bell, a Republican who was staff director of the Senate Budget Committee in the 1980s, indicated that the Trump budget is so unrealistic that it endangers Republican priorities like tax reform.

However, achieving the balance requires an aggressive 3 percent annualized growth in GDP over the next five years - a high mark for an economy that's seen only 1 percent to 2 percent growth since the Great Recession.

Trump's plan promises that overhauling the tax code and easing regulations will lift economic growth from the lackluster 2.1 percent average rate of recent years to sustained annual gains of 3 percent or better.

The economic assumptions supporting the new budget plan instantly raised bipartisan eyebrows.

We've yet to dive into the weeds of USA president Donald Trump's latest budget proposal, but we're pleased to see he is proposing some long-overdue cuts to the federal behemoth - as much as $3.6 trillion over the coming decade, as a matter of fact.

The proposal projects that this year's federal deficit will rise to $603 billion, up from $585 billion last year.

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