Despite its economic assumptions and severe spending cuts, Trump’s latest budget would still result in a bigger national debt than would have resulted from the policies in President Obama’s final budget proposal
that could help people in the millions, reduce future health care costs by billions, and increase economic output by trillions over time.
Ironically, one of the few redeeming qualities of Trump’s budget is the one for which he’s taking the most heat from many Democrats and the media: changes to Medicare. On its surface, the Trump budget appears to include $845 billion of cuts to Medicare spending. But this figure is misleading: roughly
Trump also calls for inexplicably large increases in defense spending. Between 2017 and 2019, lawmakers increased annual Pentagon spending by 14% . The administration now wants to increase spending in 2020 by an additional 8% over 2019 levels. Absent a plausible strategic rationale, such a dramatic escalation is a recipe for wasteful spending. Even worse, the administration wants to circumvent caps on defense spending by laundering the money through the Overseas Contingency Operations Account .
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Apple CEO trumps Trump, reframing his name gameSAN FRANCISCO (AP) — To President Donald Trump, it was an awkward slip of the lip. To Apple CEO Tim Cook, it was an opportunity to poke some sly fun at a president who has often clashed with the...
Consulte Mais informação »
Hype trumps reality in Ambani’s shopping empireReliance Retail is India’s top brick-and-mortar vendor, a fast-growing conglomerate within the tycoon’s $118 bln energy-to-mobile giant. Now it is emerging as the top threat to Amazon and Walmart’s local ambitions. Its numbers, though, are a mixed bag.
Consulte Mais informação »
Analysis | Why Trump Jr. mocked the parents caught up in the college admissions scandalThe Trumps have always tried to paint themselves as outsiders, even as they benefit from tremendous privilege.
Consulte Mais informação »
Trump slams 'grandstanding' California governor on asylum shelters“I hope the grandstanding Governor of California is able to spend his very highly taxed citizens money on asylum holds more efficiently than money has been spent on the so-called Fast Train," Trumps said.
Consulte Mais informação »
Donald Trump’s record $4.75trn budgetThe president urges that “we must protect future generations from Washington’s habitual deficit spending.” Yet trillion-dollar deficits are set to continue
Consulte Mais informação »
Kamala Harris slams Donald Trump over $8.6B budget request for border wall 'vanity project''Billions of dollars for a border wall is a waste of money,' Senator Kamala Harris, a California Democrat and presidential candidate, said.
Consulte Mais informação »
Donald Trump’s record $4.75trn budgetThe president sets the stage for a new battle over his border wall
Consulte Mais informação »
The ‘Czech Donald Trump’ Meets With Real Donald Trump in White HouseBillionaire Czech Prime Minister Andrej Babiš said that he wants to make the Czech Republic “great again” during a meeting between the two politicians.
Consulte Mais informação »
Trump 2020 budget: Which department budgets would be cutThe Trump administration released its 2020 budget request on Monday, proposing major cuts to federal government spending. Here's how each agency’s discretionary funding would be affected.
Consulte Mais informação »
Donald Trump Jr. mocks Cheney’s criticism of Trump foreign policyThe former vice president has questioned the withdrawal of U.S. troops from Syria and Trump’s hostility toward NATO.
Consulte Mais informação »