Trump budget to cut FED Pensions

[Pauls' Revere]

From CATO:

https://www.cato.org/blog/trump-budg...ampaign=buffer


The Trump administration’s 2018 budget to be released tomorrow will include a range of proposed spending cuts. The budget will call for cuts to food stamps, Medicaid, and other entitlement programs. These reforms come on top of proposed cuts to discretionary programs released in March.

There is more good news. The budget will propose cuts to the fat benefit packages received by federal workers. An April CBO report found that benefits for the government’s civilian workers were 47 percent higher, on average, than for comparable private-sector workers.

[Swordsmyth]

Hooray.

Now I want MORE.
Cutting Government spending is like eating peanuts.

[Pauls' Revere]

I want entire departments eliminated.

[Danke]

It will be declared unconstitutional.

[devil21]

Trump's early budget reports are brutal (to be expected as the dollar loses reserve status and inflation can't be exported to the rest of the world any more). Prepare accordingly. Get healthy. Expect pissed off entitlement types.

[Zippyjuan]

From CATO:

https://www.cato.org/blog/trump-budg...ampaign=buffer


The Trump administration’s 2018 budget to be released tomorrow will include a range of proposed spending cuts. The budget will call for cuts to food stamps, Medicaid, and other entitlement programs. These reforms come on top of proposed cuts to discretionary programs released in March.

There is more good news. The budget will propose cuts to the fat benefit packages received by federal workers. An April CBO report found that benefits for the government’s civilian workers were 47 percent higher, on average, than for comparable private-sector workers.

Medicaid and food stamps were the only proposed entitlement cuts. Nothing to Social Security or Medicare.

The wildly optimistic projections balance Mr. Trump’s budget, at least on paper, even though the proposal makes no changes to Social Security’s retirement program or Medicare, the two largest drivers of the nation’s debt.

To compensate, the package contains deep cuts in entitlement programs that would hit hardest many of the economically strained voters who propelled the president into office. Over the next decade, it calls for slashing more than $800 billion from Medicaid, the federal health program for the poor, while slicing $192 billion from nutritional assistance and $272 billion over all from welfare programs. And domestic programs outside of military and homeland security whose budgets are determined annually by Congress would also take a hit, their funding falling by $57 billion, or 10.6 percent.

https://www.nytimes.com/2017/05/22/u...cuts.html?_r=0

He has also requested $19 billion over 10 years for a new program, spearheaded by his daughter and senior adviser Ivanka Trump, to provide six weeks of paid leave to new parents.

(note that the figures are for a decade- divide by ten to get budget cuts for next year- ie Medicaid would be reduced by $80 billion from its current $560 billion.)

Also worth noting that this is only a proposal- Congress will write the actual budget. Claims of balancing the budget assumes that tax revenues (the economy) grows twice as fast as it has over the past decade for the entire next decade. It is odd that the proposal was not made in person by the President.

“If the president is distancing himself from the budget, why on earth would Republicans rally around tough choices that would have to be made?” said Robert L. Bixby, the executive director of the Concord Coalition, a nonpartisan organization that promotes deficit reduction. “If you want to make the political case for the budget — and the budget is ultimately a political document — you really need the president to do it. So, it does seem bizarre that the president is out of the country.”

The president’s annual budget — more a message document than a practical set of marching orders even in the best of times — routinely faces challenges on Capitol Hill. Lawmakers jealously guard their prerogative to control federal spending and shape government programs. But Mr. Trump’s wish list, in particular, faces long odds, with Democrats uniformly opposed and Republicans already showing themselves to be squeamish about some of the president’s plans.

[jllundqu]

The government employee lobbying firms won't let their respective congresscritters vote for these cuts. Cutting federal retirement benefits for current employees will not sit well with the rank and file.

[NorthCarolinaLiberty]

It is odd that the proposal was not made in person by the President.

Robert L. Bixby,... So, it does seem bizarre that the president is out of the country.”

Yeah man, that is totally bizarre! Kind of like Lochness or the strange sightings in Roswell. Weird!!