Trump Team Stands by Budget's $2 Trillion Math Error

Marco Green
May 25, 2017

Based on its supersized projections of 3 percent GDP, the president's budget forecasts about $2 trillion in extra federal revenue growth over the next 10 years, which it then uses to pay for Trump's "biggest tax cut in history". Daniel J. Cardinali, president and CEO of Independent Sector, stated that the budget signals unprecedented retreats from federal programming aimed at supporting the nation's most vulnerable populations. Treasury Secretary Steven Mnuchin, Education Secretary Betsy DeVos, and Agriculture Secretary Sonny Perdue were also testifying.

According to U.S. Department of Agriculture figures, bedrock Republican states that Trump won have long food-stamp rolls: 3.8 million people in Texas, 682,077 in Vice President Mike Pence's home state of in, 815,000 in Alabama and 1.6 million in Georgia, for example.

"What Trumponomics is and what this budget is a part of, is trying to get to sustained 3 percent economic growth in this country again", White House Budget Director Mick Mulvaney said in a briefing with reporters on Monday.

Democrats charged that Trump's cuts would rip apart the social safety net.

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

"This budget presumes a Goldilocks economy" that never goes into recession, Sanford said. "It assumes that the stars perfectly align with regard to economic drivers".

Besides, Trump's budget - which includes a $52 billion increase in military spending next year alone - wouldn't really bring down the national debt, despite what Mulvaney claims.

"I'm expecting to see more broken promises today".

Trump's budget would limit subsidies to farmers, including a cut in government help for purchasing popular crop insurance policies.

Salim Furth, a macroeconomics fellow at the conservative Heritage Foundation, said Trump's budget plan "should not depend so much on things outside his control". Food stamp cuts would drive millions from the program. Bernie Sanders, I-Vt., calls the budget a massive transfer of wealth from working families and the elderly to the wealthiest 1 percent.

"The Trump budget is shockingly extreme, the antithesis of what the American people have said they want from their government", Jayapal said. Aderholt said that program "is something we should be proud of" and eliminating it "runs entirely counter to the idea of buy American, hire American" that Trump has championed. "And I think that's a very hard thing".

Rep. Barbara Lee (D-Calif.) was even harsher in criticizing the cuts Mulvaney has proposed. This praise comes even though the proposed budget would reduce funding for Pruitt's Superfund cleanup program - which he's listed as a priority - by nearly one third.

Mulvaney cut her off and made an impassioned case that people like Lee aren't sufficiently concerned about his "unborn grandchildren". "We do not believe that is something fanciful".

"Mr. Mulvaney, at least 20 percent of people eligible for SNAP don't even receive SNAP because of stigma and other reasons", she said.

It's unclear that Mulvaney and the Trump administration have enough support from congressional Republicans to pass anything that looks remotely like their proposed budget.

The proposal cuts funding for the Environmental Protection Agency and the Department of Housing and Urban Development.

Meantime, the most powerful Democrat in Washington - Senate Minority Leader Charles E. Schumer of NY - vowed to stand in the way of Trump's most draconian budget cuts.

Lowey said she anxious that Kelly didn't fully understand how important that money is to local jurisdictions, including New York City.

The proposal projects that this year's deficit will rise to $603 billion, up from the actual deficit of $585 billion last year, But the document says if Trump's initiatives are adopted the deficit will start declining and actually reach a small surplus of $16 billion in 2027.

Other reports by Click Lancashire

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