WASHINGTON — The federal budget deficit is ballooning on President Donald Trump’s watch and few in Washington seem to care.
Washington probably will devote months to wrestling over erasing the last remnants of a failed 2011 budget deal that would otherwise cut core Pentagon operations by US$71 billion and domestic agencies and foreign aid by US$55 billion. Top lawmakers are pushing for a reprise of three prior deals to use spending cuts or new revenues and prop up additional spending rather than defray deficits that are again approaching US$1 trillion.“The president doesn’t care.
An administration official said Friday that the president’s plan promises to balance the budget in 15 years. The official was not authorized to publicly discuss specifics about the budget before the document’s official release and spoke on condition of anonymity “Concern about the deficit is so woefully out of fashion that it’s hard to even imagine it coming back into fashion,” said Rep. Jim Cooper, D-Tenn., one of his party’s few remaining deficit hawks. “This is as out of fashion as bell bottoms.”
Nor are Republicans willing to consider tough deficit-cutting steps such as higher taxes or Pentagon budget cuts. Leading Democratic presidential contenders talk of “Medicare for All” and increasing Social Security benefits instead of curbing them. “If Trump can be criticized I think the perception has been that he has not fought for the spending cuts that he’s proposed,” said former Sen. Jim DeMint, R-S.C. “There’s no upside to trying to cut anything. There’s no political reward. But if you cut something there’s a lot of political downside.”
No one in the media cared when OBAMA went on a spending spree for 8 years...but now they do...
They are too busy hating POTUS, and even more busy whynning that 'killary' lost the election. They seam not to care that POTUS brought the US from the brink of complete ruin. The US economy boom is the one helping Canada too; let's not ignore that either.
is critical of the US debt... as if Justin Trudeau wasn’t running all-time high deficits for four years by now. 🙄
Its scary how this means nothing Before it is totally unmanageable every one of these dinosaurs in the Senate and white house will be dead so they don't care
Trump added $1.5T to the deficit because he decided to give companies like the Trump Organization a big fat tax cut.
Until it hurts folks in the red states it won't matter. And I'm not advocating for that.
TRUMP Socialism.