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Thread: Trump Seeks $3.6 Trillion in Spending Cuts to Reshape Government

  1. #1

    Trump Seeks $3.6 Trillion in Spending Cuts to Reshape Government

    Trump Seeks $3.6 Trillion in Spending Cuts to Reshape Government

    .....

    President Donald Trump would dramatically reduce the U.S. government’s role in society with $3.6 trillion in spending cuts over the next 10 years in a budget plan that shrinks the safety net for the poor, recent college graduates and farmers.

    Trump’s proposal, to be released Tuesday, claims to balance the budget within a decade. But it relies on a tax plan for which the administration has provided precious little detail, the elimination of programs backed by many Republican lawmakers, and heavy use of accounting gimmicks.
    .....

    The plan calls for some new domestic spending, including $25 billion over 10 years for nationwide paid parental leave -- a cause championed by First Daughter Ivanka Trump -- and an expansion of the Pell Grant program for low-income students. The Department of Homeland Security’s budget would increase $3 billion versus the final full year of President Barack Obama’s term, while the Pentagon’s budget would see a $6 billion increase over that same time.

    The sheer ambition of the president’s plan, which would cut domestic agencies by 10 percent in 2018 and by 40 percent in 2027, make the budget even less likely to gain traction on Capitol Hill, where lawmakers regularly flout the annual blueprint offered by the executive branch. But lawmakers are also likely to view some of the administration’s accounting gimmicks with extreme skepticism.
    .....

    The independent Tax Policy Center estimated that Trump’s campaign tax plan would add $7.2 trillion to the deficit. Economic growth spurred by Trump’s tax and regulation policy would add more than $2 trillion in tax revenue, according to the budget documents.

    The budget also makes use of several other classic accounting gimmicks. It assumes that the wars in Afghanistan and the Middle East will cause future Congresses to allocate $593 billion in extra war funding that won’t be needed and then claims to save that amount by not spending it.

    The Trump budget also assumes a $35 billion savings from changes to financial services industry regulations and a repeal of the Dodd-Frank law’s orderly liquidation authority, under which financial regulators are empowered to untangle and wind down the biggest banks in a crisis. The nonpartisan Congressional Budget Office projected savings of $14.5 billion over a decade from eliminating the authority.

    Trump has promised a wall on the southern U.S. border that Mexico will eventually pay for, and the budget includes $2.6 billion in 2018 – $1.6 billion for “new and replacement border wall’’ in certain locations and about $1 billion for other items including aircraft, equipment and surveillance technology to deter illegal activity. Trump estimates the wall will cost $8 billion to $12 billion, but most experts say it will likely be more expensive.
    .....

    But while defense spending is set to see a boost, social safety net programs are in the president’s crosshairs. Medicaid cuts of $610 billion would come alongside $250 billion savings -- partly fueled by limiting expanded Medicaid -- from repealing Obamacare. Food stamps would be cut by $193 billion.

    Federal workers would see much less generous retirement benefits under the budget. Eliminating cost-of-living adjustments for retirees would save $42 billion while increasing required employee retirement contributions would save $72 billion. And the budget would save $72 billion through cuts to Social Security Disability Insurance.

    The administration has pitched its changes to student loan programs as beneficial to students. The budget would create a single repayment plan that would cap monthly payments at 12.5 percent of discretionary income, an increase from the 10 percent cap under some existing payment plans. But students would only need to repay their loans for 15 years, rather than 20, with the remainder wiped out by the federal government. That change would cut the federal subsidy by $76 billion.
    .....

    https://www.bloomberg.com/politics/a...ape-government

    How is this not libertarian?
    Last edited by Galileo Galilei; 05-22-2017 at 07:56 PM.
    Knowledge is Liberty!




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  3. #2
    Quote Originally Posted by Galileo Galilei View Post
    How is this not libertarian?
    "The plan calls for some new domestic spending, including $25 billion over 10 years for nationwide paid parental leave -- a cause championed by First Daughter Ivanka Trump -- and an expansion of the Pell Grant program for low-income students. The Department of Homeland Security’s budget would increase $3 billion versus the final full year of President Barack Obama’s term, while the Pentagon’s budget would see a $6 billion increase over that same time."

    Mixed bag, but better than recent administrations would be doing.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  4. #3
    How much did the Pentagon lose in ten years?
    “The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.” --George Orwell

    Quote Originally Posted by AuH20 View Post
    In terms of a full spectrum candidate, Rand is leaps and bounds above Trump. I'm not disputing that.
    Who else in public life has called for a pre-emptive strike on North Korea?--Donald Trump

  5. #4
    Cut more faster!

    I want to see lines of unemployed and starving government "workers"....




    Wait!!!

    You mean nobody got fired?

    No pensions cut?

    No 'benefits' lost?

  6. #5

    https://twitter.com/realdonaldtrump/...38364187602944
    “I don’t think that there will be any curtailing of Donald Trump as president,” he said. "He controls the media, he controls the sentiment [and] he controls everybody. He’s the one who will resort to executive orders more so than [President] Obama ever used them." - Ron Paul

  7. #6
    Quote Originally Posted by Swordsmyth View Post
    "The plan calls for some new domestic spending, including $25 billion over 10 years for nationwide paid parental leave -- a cause championed by First Daughter Ivanka Trump -- and an expansion of the Pell Grant program for low-income students. The Department of Homeland Security’s budget would increase $3 billion versus the final full year of President Barack Obama’s term, while the Pentagon’s budget would see a $6 billion increase over that same time."

    Mixed bag, but better than recent administrations would be doing.
    a mixed bag? The $25 billion is already subtracted out, otherwise it would cut $3.625 trillion.
    Knowledge is Liberty!


  8. #7
    Quote Originally Posted by tod evans View Post
    Cut more faster!

    I want to see lines of unemployed and starving government "workers"....




    Wait!!!

    You mean nobody got fired?

    No pensions cut?

    No 'benefits' lost?
    It says the cuts are already too big to pass as is anyway.
    Knowledge is Liberty!


  9. #8
    Quote Originally Posted by CPUd View Post

    https://twitter.com/realdonaldtrump/...38364187602944
    OK, but what does that have to do with the $3.6 trillion cut?
    Knowledge is Liberty!




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  11. #9
    Quote Originally Posted by kcchiefs6465 View Post
    How much did the Pentagon lose in ten years?
    Pentagon spending is factored in already. $3.6 trillion is the net spending cut.
    Knowledge is Liberty!


  12. #10
    Quote Originally Posted by Galileo Galilei View Post
    a mixed bag? The $25 billion is already subtracted out, otherwise it would cut $3.625 trillion.
    Quote Originally Posted by tod evans View Post
    Cut more faster!

    I want to see lines of unemployed and starving government "workers"....




    Wait!!!

    You mean nobody got fired?

    No pensions cut?

    No 'benefits' lost?

    Plus it still spends on unconstitutional items.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  13. #11
    What the $#@! its been a few weeks since Trump signed the Consolidated Appropriations Act of 2017 so now he is libertarian now? He has full control to end the appeal the Obamacare administration made against congress to fund the health insurance bail outs. All he has to do is not $#@! the bed, the stupid house bill won't pass the budget rules and will have to get amended and voted on in the House again.

  14. #12
    Quote Originally Posted by Galileo Galilei View Post
    Pentagon spending is factored in already. $3.6 trillion is the net spending cut.
    That did not address the underlying issue my question posed.

    Ten years is a long time, too. I wouldn't be surprised if the piper comes piping for the $60,000 every man, woman, and child already owes by then.
    “The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.” --George Orwell

    Quote Originally Posted by AuH20 View Post
    In terms of a full spectrum candidate, Rand is leaps and bounds above Trump. I'm not disputing that.
    Who else in public life has called for a pre-emptive strike on North Korea?--Donald Trump

  15. #13
    Quote Originally Posted by Swordsmyth View Post
    Plus it still spends on unconstitutional items.
    Uh, the government is already spending on unconstitutional items. Do you want the cuts to actually pass? Or do you want a big government so youhave something to complain about?
    Knowledge is Liberty!


  16. #14
    Quote Originally Posted by kcchiefs6465 View Post
    That did not address the underlying issue my question posed.

    Ten years is a long time, too. I wouldn't be surprised if the piper comes piping for the $60,000 every man, woman, and child already owes by then.
    They always do the budgets over 10 years.
    Knowledge is Liberty!


  17. #15
    Quote Originally Posted by nikcers View Post
    What the $#@! its been a few weeks since Trump signed the Consolidated Appropriations Act of 2017 so now he is libertarian now? He has full control to end the appeal the Obamacare administration made against congress to fund the health insurance bail outs. All he has to do is not $#@! the bed, the stupid house bill won't pass the budget rules and will have to get amended and voted on in the House again.
    Nice head-fake.
    Knowledge is Liberty!


  18. #16
    Quote Originally Posted by Galileo Galilei View Post
    Uh, the government is already spending on unconstitutional items. Do you want the cuts to actually pass? Or do you want a big government so youhave something to complain about?
    You asked "How is this not libertarian?"
    Not "is this better than what we have been getting?"
    I said it was a mixed bag and it was better than we have been getting.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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  20. #17
    Quote Originally Posted by Galileo Galilei View Post
    Nice head-fake.
    Healthcare is a huge chunk of whats wrong with our country. If he isn't going to do anything about military spending, which he isn't, then he better not $#@! the bed on healthcare. If Trump is going to suggest that the congress pass a budget signing the omnibus appropriations was stupid, Congress is just going to continue to put forwards these $#@!ty omnibus bill and Trump has already shown he will not back down. Trump will probably primary the budget hawks in the house too, because nice head fake.

  21. #18
    Quote Originally Posted by Swordsmyth View Post
    You asked "How is this not libertarian?"
    Not "is this better than what we have been getting?"
    I said it was a mixed bag and it was better than we have been getting.
    That would be a pretty lame response for a real libertarian.
    Knowledge is Liberty!


  22. #19
    Quote Originally Posted by nikcers View Post
    Healthcare is a huge chunk of whats wrong with out country. If he isn't going to do anything about military spending, which he isn't, then he better not $#@! the bed on healthcare. If Trump is going to suggest that the congress pass a budget signing the omnibus appropriations was stupid, Congress is just going to continue to put forwards these $#@!ty omnibus bill and Trump has already shown he will not back down. Trump will probably primary the budget hawks in the house too, because nice head fake.
    OK, let's make those cuts, too, and get it through congress so Trump will sign it. Can you help?
    Knowledge is Liberty!


  23. #20
    Quote Originally Posted by Galileo Galilei View Post
    That would be a pretty lame response for a real libertarian.
    Excuse me but I am the one holding Dump to a higher standard than YOU.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  24. #21
    Quote Originally Posted by Galileo Galilei View Post
    OK, let's make those cuts, too, and get it through congress so Trump will sign it. Can you help?
    You think Trump would sign cuts to military spending? When has he ever suggested this? I think in the debate Rand Paul was the only person who said anything about cutting military because we already spending more then the next 7 countries. Health care is simple, Trump just has to let Obamacare fail on its own, he just needs to not pass more insurance bail outs. He just needs to not request more bailouts from congress, end the appeal Obama made.

  25. #22
    trump also said he would get prescription drugs prices down ( at least down to what people in canada pay ) but that turned out to be more bs .

  26. #23
    Quote Originally Posted by nikcers View Post
    You think Trump would sign cuts to military spending? When has he ever suggested this? I think in the debate Rand Paul was the only person who said anything about cutting military because we already spending more then the next 7 countries. Health care is simple, Trump just has to let Obamacare fail on its own, he just needs to not pass more insurance bail outs. He just needs to not request more bailouts from congress, end the appeal Obama made.
    Military spending will go down eventually because Trump has eliminated war propaganda and false-flag events in the US. It is a demand-side plan that works better in the long run. Supply-side cuts to the military never work.
    Knowledge is Liberty!


  27. #24
    Quote Originally Posted by ILUVRP View Post
    trump also said he would get prescription drugs prices down ( at least down to what people in canada pay ) but that turned out to be more bs .
    Do you remember how he said he would do it? Trumps plans always involve some carrot and stick jiggery pokery. Like making a poorer country wall itself off. I mean just imagine, its like holding down someone smaller than you and using their hand to punch themselves in the face. Or his solution to war being expensive and burdening the economy: use more war to make money back you spent on war. It's like the Trump casino all over again. I need to gamble to win back money I lost gambled mentality.



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  29. #25
    Quote Originally Posted by Galileo Galilei View Post
    Military spending will go down eventually because Trump has eliminated war propaganda and false-flag events in the US. It is a demand-side plan that works better in the long run. Supply-side cuts to the military never work.
    Yeah look at all the fraud waste and abuse Trump has cut. He doesn't even do any war propaganda, Iran and NK are making all of the war propaganda.

  30. #26
    Quote Originally Posted by Galileo Galilei View Post
    It says the cuts are already too big to pass as is anyway.
    I don't care if it passes. Bring on the Government Shutdown.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  31. #27
    Quote Originally Posted by kcchiefs6465 View Post
    How much did the Pentagon lose in ten years?
    As far as i know nobody knows , I do not think there has ever even been a proper accounting of it all .
    Do something Danke

  32. #28
    Quote Originally Posted by Swordsmyth View Post
    I don't care if it passes. Bring on the Government Shutdown.
    Expect one in September.
    Knowledge is Liberty!


  33. #29
    Quote Originally Posted by oyarde View Post
    As far as i know nobody knows , I do not think there has ever even been a proper accounting of it all .
    We'll cut their unknown trillions of dollars worth of waste by increasing their budget.

    Because, tax cuts, eventually.
    “The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.” --George Orwell

    Quote Originally Posted by AuH20 View Post
    In terms of a full spectrum candidate, Rand is leaps and bounds above Trump. I'm not disputing that.
    Who else in public life has called for a pre-emptive strike on North Korea?--Donald Trump

  34. #30
    Quote Originally Posted by Galileo Galilei View Post
    Expect one in September.
    I had to delete other Trumpredictions from my signature to make room for yours.
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

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