Budget a Hard Sell to Congress for Trump

May 23, 2017
Posted in Economics, U.S.
May 23, 2017 Tim Preuss

Budget a Hard Sell to Congress for Trump

Donald Trump’s administration released its own proposed budget to America, and it is making many people, especially those in Washington, a little nervous. While the budget does promise to balance in 10 years, and lower the national debt to GDP ratio significantly, that isn’t something politicians are interested in.

Border security would be beefed up by $2.6 billion, with $1.6 billion being earmarked for a wall along the border with Mexico. To make room for such expenses, the 10 year budget would cut welfare spending by $274 billion. The largest area of cutbacks in the “welfare reform” section would come from $193 billion cut to food stamps. Currently an estimated 42 million Americans are receiving food stamps.

It would also slash Medicaid funding over $800 billion over the next 10 years. All domestic spending (not defense or homeland security) would take a roughly 10% cut in funding.

House minority leader Nancy Pelosi (D-CA) said of the cuts, “It subscribes to their philosophy that Medicare should wither on the vine. So when we’re talking about Social Security, Medicare and Medicaid, this is a killer for the American people, literally a killer … They have to know there is a price to pay in terms of public opinion if they would vote for this, but they all did already vote for the Ryan budget, so they’ve gone down this path before.”

The Trump plan would also cut the budgets of various departments, and while it would increase military spending, it would also cut foreign aid programs. War hawk and career politician Lindsey Graham (R-SC) said, “This budget, if fully implemented, would cause us to retreat from the world diplomatically or put people at risk. You have a lot of ‘Benghazis’ in the making if this thing becomes law.”

The increase of $54 billion in military spending still is not enough to satisfy the military industrial complex’s favorite Senatorial advocate, John McCain (R-AZ). McCain called the increase in military spending, “inadequate to the challenges we face, illegal under current law, and part of an overall budget proposal that is dead on arrival in Congress.”

War hawks hate the budget. That is clear. Farm hawks hate it too. Trump’s budget cuts $38 billion from aid for America’s farmers. A coalition of farm insurance companies, who receive funding from the federal government to pay out to farmers who have a bad harvest, issued a joint statement on the budget.

The statement reads in part,

“Weakening crop insurance and making it more difficult for farmers to bounce back during tough times will jeopardize rural jobs and will find little support in rural America or on Capitol Hill… The rural economy is already suffering through a period of low prices and a multitude of spring weather disasters. Yet, the Administration’s budget proposal targets the primary tool farmers use to handle these risks.”

Everyone in Washington has a reason to hate this budget. Many say that they want to cut spending, just not spending that will effect them. When push comes to shove, politicians bow at the alter of the lobbyists who fund their campaigns year after year. What is needed at this time is Trump supporters and those in favor of smaller government generally, to express their support for a budget that actually cuts funding. Make your voices heard, call your congressmen!




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Tim Preuss

Tim Preuss is the founder and CEO of Preuss Media LLC. Along with writing for PreussPodcast.com, he hosts the Tim Preuss Podcast Monday through Friday, available on iTunes, and regularly interviews prominent personalities within the liberty community.
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