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Author: Subject: Trump's Proposed 2018 Budget

Zen Peach





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  posted on 5/23/2017 at 05:18 PM

https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/budget/fy2018/bud get.pdf


 

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Peach Extraordinaire



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  posted on 5/23/2017 at 06:03 PM
0% chance of passing.
 

Maximum Peach



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  posted on 5/24/2017 at 07:23 AM
Somebody who knows more on this than me can post, but I'm pretty sure the budget as submitted by the President is never voted out of congress as-is, which if true, every budget the White House puts out technically always has 0% of passing.
 

Zen Peach



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  posted on 5/24/2017 at 07:28 AM
quote:
Somebody who knows more on this than me can post, but I'm pretty sure the budget as submitted by the President is never voted out of congress as-is, which if true, every budget the White House puts out technically always has 0% of passing.


This one looks like classic first offer deal-making, and is the real test of if the Trump way of doing business will fly in Washington. Ask for a 100 billion cut in something but already know going in that you'll be happy with 50, all that.

The intentions behind this budget are well-known. This also looks like the typical young administration trying to do too much too fast.

 

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Zen Peach



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  posted on 5/24/2017 at 07:29 AM
Oh, and, since Congress has been handling the money via Continuing Budget Resolutions for several years now, the answer to your question is yes.

 

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Universal Peach



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  posted on 5/24/2017 at 04:23 PM
I wonder if the Trump supporters who've actually paid attention to this proposed budget understand or comprehend how much of it is a complete 180 degree turn from his campaign promises.

You know, the whole "I'm the savior of the low and middle class" rhetoric when in fact this budget gives the wealthiest 1 % more money at the expense of those who can afford it the least. Not to mention it will make the deficient balloon beyond belief.

I suspect not as many Trump voters seem oblivious to what this administration is actually attempting to do to the people who actually elected them.

 

Zen Peach



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  posted on 5/24/2017 at 06:53 PM
I do not know how he could submit a budget cutting food stamps and Medicaid and think that will be acceptable to the masses, particularly the masses who did not vote for Trump. Reportedly, the Democrats want to make cuts in social security and other programs.

Where does it all lead? It leads to the civil war predicted, but there is more.

The CIA knows that the Deep State/New World Order are starting the protests in 90 cities, in this country if Trump is not impeached. The CIA is actually planning a coup of their own as an alternative to martial law because they know the new world order is inciting insurrection, civil war and revolution and they do not want that. Some of them are on Trumps side, so there will be a showdown. Cosmically, the planets will be in the same positions as they were during our American Revolution in 1776. There is more, Wall Street is predicted to suffer major losses in September 2017, worse than in 2008, when Congress was told to vote for the bailout or martial law would be rolled out on the streets of America. I have more links to go thru, will post more later, but this comes from a former Officer in the intelligence community and I will post that too later.

 

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"Mankind is a single nation" "Allah did not make you a single people so he could try you in what he gave you, to him you will all return, he will inform you where you differed". Quran Chapter 2 Sura 213

 

Peach Extraordinaire



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  posted on 5/24/2017 at 07:08 PM
quote:
I wonder if the Trump supporters who've actually paid attention to this proposed budget understand or comprehend how much of it is a complete 180 degree turn from his campaign promises.

You know, the whole "I'm the savior of the low and middle class" rhetoric when in fact this budget gives the wealthiest 1 % more money at the expense of those who can afford it the least. Not to mention it will make the deficient balloon beyond belief.

I suspect not as many Trump voters seem oblivious to what this administration is actually attempting to do to the people who actually elected them.


His supporters were along for the campaign ride & having a good 'ole time chanting things like "Build The Wall" or "Lock Her Up". Doubtful that they are following policy and understand that the dictator is really not a conservative and much of what he ran on were only vocabulary words. Example - his tax plan will explode the deficit unless it can achieve some ridiculous % of growth. Where are all the deficit hawks...probably not in the sectors that put him in the White House.

If he lasts 4 years, maybe they'll do a little soul searching and look back to see how much of what he campaigned on was crap and never became reality or that he went in other directions. Further, hopefully they'll stop for a minute to take inventory & see how much their vote actually worked against them.

 

Maximum Peach



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  posted on 5/24/2017 at 09:33 PM
I don't see his budget as a 180 at all from the campaign. Please explain.

Social Security retirement benefits and Medicare are not touched, as promised. Entitlements social security, medicare and medicaid outlays increase every single year, you can see it on page 33 of 62 in the budget.

I will quote sections of the budget that mirror campaign promises and statements.

The budget balances in 10 years.

The budget assuming 3% growth from 2021-2027, which is actually lower than Trump at times claimed the economy would expand on his watch. Some are saying that 3% growth is unattainable, therefore the projections are all also unattainable. It wasn't that long ago we had 3% growth. The ideal growth rate for our economy is said to be 2-3%. So 3% is on the top end of that range, but it isn't some figure outside the ideal norm. The last 7 years have averaged just 2.08%. But if you look at the 5 years post 9/11 and pre Great Recession 2002-2006 you find 2.8% avg growth. The 1990-2000 period avg 3.3%. Is marginal growth we've seen the new norm, or is history indicative of potential growth to come? People differ on that. At any rate, it isn't like they are using a wild growth number of 4% of above. Some of the Obama era budgets did assume over 4% growth, which weren't achieved. Maybe 3% won't be achieved, but each administration and each President is going to be bullish on what they can do to stimulate economic growth...as par for the course, everyone is saying it is impossible.

I'm looking through it now, here is what I am finding that matches exactly with what he said on the campaign trail, the one thing it doesn't promise is that Mexico will pay for the wall.

quote:
Invest in Defense.
The President’s Budget includes $639 billion of discretionary budget authority for the Department of Defense (DOD), a $52 billion increase above the 2017 annualized continuing resolution (CR) level, fully offset by targeted reductions elsewhere. These resources provide for the military forces needed to conduct ongoing operations, deter potential adversaries, and protect the security of the united States.


quote:
Increase Border Security and Investments in Public Safety.
The President’s Budget includes $44.1 billion for the Department of Homeland Security (DHS) and $27.7 billion for the Department of Justice (DOJ) for law enforcement, public safety and immigration enforcement programs and activities.


quote:
Provide an Infrastructure Plan to Support $1 Trillion in Private/Public
Infrastructure Investment.

The President has consistently emphasized that the Nation’s infrastructure needs to be rebuilt and modernized to create jobs, maintain America’s economic competitiveness, and connect communities and people to more opportunities. unfortunately, the united States no longer has the best infrastructure in the world. According to the World Economic Forum, the united States’ overall infrastructure places 12th with countries such as Japan, Germany, the Netherlands, and France ranking higher.


quote:
Support Families and Children.
The Administration is committed to helping American families and children.

Provide Paid Parental Leave.
During his campaign, the President pledged to provide paid family leave to help new parents.

The Budget delivers on this promise with a fully paid-for proposal to provide six weeks of paid family leave to new mothers and fathers, including adoptive parents, so all families can afford to take time to recover from childbirth and bond with a new child without worrying
about paying their bills.

Extend the Children’s Health Insurance
Program (CHIP).

While the future of CHIP is addressed alongside other health reforms, the Budget proposes to extend CHIP funding for two years, through 2019, providing stability to States and families. The Budget also proposes a series of improvements that rebalance the State-Federal partnership, including returning to the historic Federal matching rate, and increasing State flexibility.

Reform Student Loan Programs.
In recent years, income-driven repayment (IDR) plans, which offer student borrowers the option of making affordable monthly payments based on factors such as income and family size, have grown in popularity. However, the numerous IDR plans currently offered to borrowers overly complicate choosing and enrolling in the right plan. The Budget proposes to streamline student loan repayment by consolidating multiple IDR plans into a single plan. The single IDR plan would cap a borrower’s monthly payment at 12.5 percent of discretionary income. For undergraduate borrowers, any balance remaining after 15 years of repayment would be forgiven. For borrowers with any graduate debt, any balance remaining after 30 years of repayment would be forgiven.

Extend the Current VA Choice Program.
Veterans’ access to timely, high quality health care is one of this Administration’s highest priorities. The Budget provides mandatory funding to extend the Veterans Choice Program, enabling eligible veterans to receive timely care, close to home.



Regarding taxes, the budget does not specifically cut taxes, that would be a separate proposal. All the budget states on taxes are outlines what tax reform should look like.

quote:

The Budget assumes deficit neutral tax reform, which the Administration will work closely with the Congress to enact.


quote:

Tax relief for American families, especially middle-income families, should:

Lower individual income tax rates.

Expand the standard deduction and help families struggling with child and dependent care expenses.

Protect homeownership, charitable giving and retirement saving.

End the burdensome alternative minimum tax, which requires many taxpayers to calculate their taxes twice.

Repeal the 3.8 percent Obamacare surcharge on capital gains and dividends, which further hinders capital formation.

And, abolish the death tax, which penalizes farmers and small business owners who want to pass their family enterprises on to their children.

The Administration believes that business tax reform should:

Reduce the tax rate on American businesses in order to fuel job creation and economic growth.

Eliminate most special interest tax breaks to make the tax code more equitable, more efficient, and to help pay for lower business tax rates.

And, end the penalty on American businesses by transitioning to a territorial system of taxation, enabling these businesses to repatriate their newly earned overseas profits without incurring additional taxes. This transition would include a one-time repatriation tax on already accumulated overseas income.



 

Maximum Peach



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  posted on 5/24/2017 at 09:42 PM
A few things on entitlement and welfare reforms.

The number of people on SNAP as of May 5 2017 was 42,906,253. That is down from the high of 47 million in 2013, but still compared to the 2007 figure of 26,316,xxx we are talking about 16 million+ more on the program than pre Great Recession. Costs have risen from $33.1 billion in ‘07 to $70.1 billion in 2016. The growth and then decline in this program should mirror the economy and unemployment rate, but it has stayed elevated as criteria for eligibility has been loosened.
https://www.fns.usda.gov/sites/default/files/pd/34SNAPmonthly.pdf
https://www.fns.usda.gov/sites/default/files/pd/SNAPsummary.pdf

They want to encourage people to stay in the work force with reforms to the disability programs. As of December 2015 there were 8.909 million people on social security disability compared to 7.098 million people in 2007. I know somebody’s wife who is on social security disability. She paid a lawyer to get on the program. What is her disability or impairment? I used to work with her, I think she just likes to watch TV, smoke cigarettes and go to the casino instead. She can work. In 1990 fewer than 2.5% working age Americans were on the system, in 2015 it was 5.2%. Some studies have explained about half of the growth in terms of aging population, more women in the workforce and increased retirement age, but they leave some 40% as unaccounted for increases. The system does not have enough money to pay the benefits that are growing in demand.
https://www.ssa.gov/policy/docs/statcomps/oasdi_sc/2015/table02.pdf
https://www.ssa.gov/policy/docs/statcomps/oasdi_sc/2007/table02.pdf

They are also requiring valid social security numbers to qualify for benefits so illegal aliens without SSN or with fraudulent SSN will not qualify.

Some of these reforms, the intention isn't to intentionally hurt or punish vulnerable people who rightly need and rely on these programs, but there are people in these programs that otherwise shouldn't be. More scrutiny in applications and recipients is what is needed, not just more and more and more money.

They also want to increase the amount federal employees contribute towards their pension plans and eliminate cost of living increases. Ah, yeah, Congress won’t be keeping that piece in the budget.



 

Maximum Peach



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  posted on 5/24/2017 at 10:03 PM
Reading through more of it, the $1 trillion infrastructure plan is not $1 trillion in federal outlays. They plan to co-op that money to help state funded projects reach 100%. $20 million here or $30 million there coupled with other public or private money to help make projects happen that otherwise wouldn't if enough money wasn't able to be raised.

So that is a bit of a mirage, I'll give you that one.

 
 


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