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Tue Mar 12, 2019, 07:56 AM

Trump's new budget abandons all pretense of being fiscally responsible


Trump’s new budget abandons all pretense of being fiscally responsible
It doesn't even call for a balanced budget in ten years.
Ryan Koronowski
Mar 11, 2019, 2:28 pm


President Donald Trump’s new budget proposal for the fiscal year 2020, which was released on Monday, breaks with his repeated campaign promises to rein in the debt and eliminate the deficit.

The newly released budget document — which has very little chance of being enacted wholesale, but nevertheless kicks off the annual federal budget process by articulating the administration’s priorities — calls for massive cuts in domestic programs, increases defense spending, and renews the president’s traditional call for billions of dollars to be allocated for the purpose of building a wall on the Mexican border. Trump has been continually rebuffed by Congress on that last request.

Nonetheless, the document’s intended message contends to be one of fiscal discipline.

“My 2020 Budget builds on the tremendous progress we have made and provides a clear roadmap for the Congress to bring Federal spending and debt under control. We must protect future generations from Washington’s habitual deficit spending,” Trump writes in the “budget message of the president” the precedes the budget document’s accounting.

However, increasing the larger defense budget while simultaneously cutting the relatively small domestic programs and maintaining lower corporate taxes is not a recipe for fiscal security, according to the numbers actually contained within the administration’s proposal.

The stark fiscal reality is not what candidate Trump promised before he was elected.

more...

https://thinkprogress.org/trump-budget-broken-promises-deficit-debt-d09489905303/

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