Tenn. lawmakers debate morality of President Trump's first budget

Tenn. lawmakers debate morality of President Trump's first budget

Mulvaney said that comment in particular shows why politicians are losing credibility with the American people.

"When you say cut are you speaking Washington or regular language?"

"What about the standard of living for my grandchildren who aren't here yet, who will end up inheriting $30 trillion in debt, $50 trillion in debt, $100 trillion in debt.What about them?" But such a vote is sure to be painful for conservative Republicans who opposed hiking the debt limit, presently set at nearly $20 trillion. A hundred trillion dollars?

Congress has been adding tens of billions of dollars annually to pay for crumbling roads because gas tax revenue is not keeping up with fix needs. That's what this new perspective is.

But just as in every state, it's the legislative branch, Congress, that determines what the final details of that budget - with one huge exception.

"Regarding the double-counting", Mulvaney said, "here's one of the things I think that a lot of folks have overlooked - and we did it on goal because it's sort of hard to count this, and you don't want to make too many assumptions - you have to make assumptions about a budget". Because right now, my unborn grandchildren are paying for it, and I think that is morally bankrupt. "But, at the same time, we have to make sure that we get to the root of their problems". Waivers to transform Medicaid, the health-care program for the poor, are pending.

The budget is worth $4.1 trillion and proposes that the USA military budget is increased by 10% whilst $1.6 billion is, pardon the pun, ring-fenced for the construction of a border wall with Mexico. He argued Trump's budget proposal favored the nation's wealthiest while cutting much-needed programs like Medicaid, Meals on Wheels, and the supplemental nutrition program known as Women, Infants, and Children (WIC).

Trump administration sending Congress $4.1 trillion budget
This economic acceleration is the key to the Trump administration's plans to cut taxes while also reducing the budget deficit. David Valadao, R-Hanford, a member of the House Appropriations Committee. "We've put so many demands on our services".

It's not a little detail neither: according to former US Treasury secretary Larry Summers, it is the "most egregious accounting error in a Presidential budget in the almost 40 years I have been tracking them".

The Trump administration has touted its tax plan as revenue-neutral because of the economic growth it says would result from more money in Americans' pockets. In effect, then, he wants a tax reform plan that yields $2 trillion less in revenue than Mulvaney does.

During Wednesday's hearing, the unrealistic assumption embodied in Trump's budget were criticized by Freedom Caucus member Rep. Mark Sanford (R-SC), who said, "This budget assumes a Goldilocks economy". "It'll be very hard in the future to do that because of the role that those programs play in our future spending".

She also said the budget "zeros out" federal funding for the Hawaiian Housing Block Grant, the Native Hawaiian Loan Guarantee Program, and cuts Native Hawaiian Education programs by $33 million. They're further away from the professional consensuses than any administration in more than a generation.

The West Lampeter Republican first said he prefers to balance the federal budget because small businesses like his former contracting company have to balance their own budgets.

DeVos is getting some pointed questions from Democrats on a House committee about using public money to help students pay for private school tuition. "It is theft", Mulvaney writes. The budget projects a $15-billion reduction in funding in 2023 and does not include any funding to make up for that.