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The Great Obama was trying to provide economic stimulus for an economy headed for DepressionIts a start. Now Liberals who suddenly found fiscal religion will bitch about budget cuts.Another campaign promise he’s trying to keep. If Congress doesn’t block him as usual.
Earlier Wednesday, during an interview with Fox Business Network, Trump said cutting the budget is "not as tough as you think, and frankly there’s a lot of fat in there."
He attributed a recent spike in federal spending to the needs of the military.
"You know we’re doing a lot of things, a lot of great things," he said. "But now I’m going to also do some cutting of the budget."
This year's deficit could have been higher, Treasury said, but the timing of certain payments was shifted.
Earlier this week, Treasury Secretary Steven Mnuchin suggested that the rising deficit was the "dire consequences of irresponsible and unnecessary spending.”
But a report from the nonpartisan Congressional Budget Office, released earlier this month, said tax cuts Congress approved last year partially led to the deficit jump.
More @ President Donald Trump says he'll ask Cabinet to cut department budgets by 5 percent
It's a good start. If we just cut spending by a few percent each year while the economy grows, we can get to a balanced budget.
OMFG. you are fvcking kidding, right?
The GOP & Trump are telling the WORLD that the economy is on FIRE but the deficit is at a SIX YEAR RECORD HIGH, because of the tax cuts & Trump is blaming the Democrats.
If you actually believe any of this crap coming from Trump, or the GOP, then there is NO HELPING YOU.
Ya dumbfuck!!!
Barry was the one who ran up the deficit and made no cuts in spending.
We now have record tax income now we need to cut costs.
The deficit got smaller for 6 straight years under Obama.
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What GG says is correct, 6 years in a row Obabble cut the deficit. Sounds impressive, doesn't it!
But wait! How big were the deficits? Well, between GW and Obabble, they were awful, and Trump isn't starting out to good either!
But here is the key------------> If Obabble could spend, spend, spend because we were in recession while proclaiming tarp 1, tarp 2, and porkulus, then I guess Trump can spend because he has to rebuild the military that Obabble took from. The only question is-------> is the 5% CUT a cut, or is it a cut from the rate of growth?
And finally, I have a pertinent question about spending-------------> If 100% of the working taxpayers are contributing to Medicare and only 15% of the population is on that program; and that program is projected to go broke by 2026...…………………….then how can we put 100% of the population on it, without MASSIVELY raising taxes on working Americans, putting or economy into a tailspin, which is what the Democrats are running on!
Under their own plan, it would cost 30 TRILLION dollars for the 1st 10 years, and to get to that lowly sum, they are cutting payments to hospitals and doctors by 40 percent. What they DO NOT tell you is---------------> If a doctor or hospital takes just medicare today as payment, they are already LOSING money.
Sooooooooo, knowing you are all thinking individuals, what do YOU think would happen if the Far Left got its way to hospitals, and doctors...……….along with YOUR ability to get medical care?
Crooked Donnie tells us he has a massive economy......why does he need to borrow?