President Donald Trump's proposed fiscal year 2021 budget has been released.
Generally, budget documents are more of a statement about priorities and aspirations than of anything else.
With no serious changes, the Congressional Budget Office projects that these annual budget deficits will stay well above $1 trillion in the next 10 years.
To be fair, the president does plan to balance the budget eventually - in 2035.
According to Marc Goldwein at the Committee for a Responsible Federal Budget, this the budget would save Medicare $600 billion, reducing national health expenditures by almost $1 trillion.
According to the Committee for a Responsible Federal Budget, "Using more realistic economic assumptions, the budget deficit would be about $1.2 trillion in 2030," as opposed to the $261 billion projected by the White House.
At the end of the day, and after much spilled ink analyzing the budget proposal, we can count on one thing: This actual budget won't see the light of day.
https://townhall.com/columnists/veroniquederugy/2020/02/13/trumps-budget-follows-in-the-footsteps-of-giant-spenders-n2561227
Generally, budget documents are more of a statement about priorities and aspirations than of anything else.
With no serious changes, the Congressional Budget Office projects that these annual budget deficits will stay well above $1 trillion in the next 10 years.
To be fair, the president does plan to balance the budget eventually - in 2035.
According to Marc Goldwein at the Committee for a Responsible Federal Budget, this the budget would save Medicare $600 billion, reducing national health expenditures by almost $1 trillion.
According to the Committee for a Responsible Federal Budget, "Using more realistic economic assumptions, the budget deficit would be about $1.2 trillion in 2030," as opposed to the $261 billion projected by the White House.
At the end of the day, and after much spilled ink analyzing the budget proposal, we can count on one thing: This actual budget won't see the light of day.
https://townhall.com/columnists/veroniquederugy/2020/02/13/trumps-budget-follows-in-the-footsteps-of-giant-spenders-n2561227
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