Trump's full $4.1T budget seeks more border, immigration money

"This is the budget designed by the corporate lobbyists Trump has brought into his administration to short circuit environmental protections to pad the profits of millionaires and billionaires", said Ben Schreiber, Friends of the Earth's senior political strategist.

The primary driver of savings in Mr. Trump's budget comes from more than $800 billion in cuts to Medicaid, the federal-state health program for the poor, despite a pledge from the president on the campaign trail not to touch the program.

The Trump budget would eliminate the Obama administration's TIGER grant program, saving $5 billion over 10 years in the program that has funded transit projects.

The budget does feature one major new domestic initiative - offering paid parental leave at a projected cost of $25 billion over the next decade. John Cornyn, R-Texas, said as he predicted the Medicaid cuts wouldn't survive the Senate.

Trump's balanced-budget goal depends not only on the growth projections but also a variety of accounting gimmicks, including an nearly $600 billion peace dividend from winding down overseas military operations and "double counting" $2.1 trillion in revenue from economic growth - using it to both pay for tax cuts and bring down the deficit. On Tuesday the White House releases its ideas for the remaining $3 trillion or so in federal spending, including large-scale entitlements such as Medicaid, and the early indications are that the priorities embodied in this sequel will be no more humane or rational. The announcement surprised oil markets and briefly pulled down USA crude prices.

Namely, it suggests that the economy is going to ramp up rather quickly in the next several years to 3 percent annual economic growth - that's about double the growth rate we saw last year - and that it would sustain that 3 percent growth rate for the better part of a decade.

Here's how the White House attempted to explain all of this.

Office of Management and Budget Director Mick Mulvaney tells reporters President Trump is "dead serious" about building a border wall.

"Meals on Wheels, even for some of us who are considered to be fiscal hawks, may be a bridge too far", Mr. Meadows said, referring to one popular program slated for cuts in the budget. Joe Manchin say the budget would essentially eliminate the Appalachian Regional Commission, which got $120 million previous year.

The proposed budget, for the fiscal year that begins October 1, was being delivered to Congress Tuesday, setting off an extended debate in which Democrats are already attacking the administration for trying to balance the budget on the backs of the poor.

It also completely eliminates the country's flagship program of worldwide food aid, called Food For Peace.

"We need people to go to work", he said Tuesday. He would also cut billions of dollars in public housing funds.

The government hasn't run a surplus since 2001, and deficits spiked during former President Barack Obama's term in the aftermath of the global financial crisis.

The budget does not call for big changes to the Social Security retirement program or Medicare, which Trump promised during the campaign to preserve.

The Trump proposal assumes the State Department will maintain its current structure, though Tillerson has said he wants to restructure the agency and find efficiencies.

Programs like food stamps (SNAP), Children's Health Insurance Program (CHIP), Social Security Disability Insurance (SSDI), and Temporary Assistance for Needy families (TANF) will face sharp cuts. The budget would decimate protections for the environment and public lands, and gut Department of Energy civilian and R&D funding, sending the clean energy jobs of the future overseas to competitors like China. "Yet they were promising us 4.5 percent growth".

Recommended News

  • Pope to kids: I wasn't 'bravo' at soccer, so I played goalie

    Pope to kids: I wasn't 'bravo' at soccer, so I played goalie

    Despite their differences, the pope and Trump would gain nothing from a confrontational encounter, the Vatican official said. Francis said last week he would be "sincere" with Trump but did not want to judge him before listening to him in person.

    LeBron James lies low after Cavaliers' stunning loss

    Smith posted photos on his Instagram account of the couple leaving Hillcrest Hospital with their baby in a stroller. The total hit the board at 216 and has been bet down a half-point to the current number of 215.5.
    Gold steady as market awaits Fed policy cues

    Gold steady as market awaits Fed policy cues

    As for other precious metals, silver for July delivery rose 39.5 cents, or 2.35 percent, to close at 17.191 dollars per ounce. However, Julius Baer analyst Carsten Menke believes that a June increase remains highly likely.
  • Attack Scars Europa League Final

    But UEFA also said it has "no specific intelligence" that the final featuring Manchester United will be a target. As the coach just said, Ariana Grande performed in Amsterdam two weeks ago".

    Warriors sweep Spurs to make NBA Finals on 12-0 roll

    Durant and Curry each had 18 points in the half to lead the Warriors , while Anderson led San Antonio with 10 points. It's important that the Golden State Warriors avoid all acts of complacency during these nine days of rest.

    Jeremy Corbyn says Labour's 'message is getting through' to voters

    The latest opinion polls have Labour around 30% or more with the Conservatives above 40%. Mr McCluskey's prediction of 200 seats for Labour suggests a Tory majority of around 80.
  • Donald Trump's Budget Breaks These 7 Campaign Promises

    Steven Houser, president of the American Heart Association, called Trump's budget "devastating" and "unconscionable". But the component of Social Security that helps those with disabilities is cut back in his budget.

    Game 3 loss is just what Cavs needed

    In Jerebko's 12 minutes of play, he led both teams with a +22 mark. "If he decides he's going to play again, that's up to him". It is just going to get more intense from here so the Cavs are gonig to need to send a message that game 3 was an anomaly.

    Trump says Palestinian and Israeli leaders ready to "reach for peace"

    Trump previously said that his meeting with the Russian foreign minister was "very, very successful". Later on Tuesday Mr Trump returned to Jerusalem , visiting the Yad Vashem Holocaust memorial.
  • What to make of the Boston Celtics Game 3 victory

    The Cavs also squandered an opportunity to become the fourth team in history to start the playoffs 11-0. "I was just pretty poor". Smith and his wife, Jewel, brought their daughter home after more than five months in the hospital following her premature birth.
    China calls for new talks with North Korea on nukes

    China calls for new talks with North Korea on nukes

    North Korea regularly threatens to destroy the United States which it accuses of preparing for invasion. SOUTH Korea has fired into North Korea after an "unidentified object" was sent towards the country.

    Mourinho leads Man Utd on tour of Friends Arena

    Man United players observed a minute's silence for the victims at a Tuesday morning training session before flying to Sweden. UEFA president Aleksander Čeferin added: "I am deeply saddened by the terrible terrorist attack in Manchester last night".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.