Trump's health care budget means deep cuts for safety net


"A large number of my constituents depend on numerous programs the president wants to eliminate, and pulling the rug out from under them would be detrimental to our most vulnerable citizens", the congresswoman said. His goal is to balance the federal budget in that time.

"The foundation for the plan is 3% growth".

Some of the proposal borrows heavily from President Obama's budgetary to-do list, including seven specific proposals that reflect, word for word, initiatives called for in the Obama administration's budgets.

Mnuchin seemed to acknowledge the mistake, saying the budget proposal is in an early stage and still needs to be refined. He said less money isn't being spent during one year as the year before.

Some Republicans in Congress cheered Trump's budget. The gross domestic product had plunged 2.7 percent in 2008.

"How pessimistic do you have to be to assume that 3 percent growth, which is less than the historical average going back to the founding of the country and the end of World War II, that that's unreasonable?" he asked his critics.

Military leaders have told lawmakers repeatedly that the military's ongoing readiness challenges are a direct result of budget uncertainty caused by five years of sequestration and eight years of stop-gap spending bills.

Mulvaney repeatedly said that Social Security isn't cut in the budget, even though Social Security disability benefits are slashed in the plan. But the growth rate remains far lower than that in past decades.

"We understand and appreciate the apprehension felt by many in the science community", NSF Director France Córdova said at a budget briefing.

"I don't recall the wailing and gnashing of teeth even though Obama's policies failed to get us over the 3% low hurdle in a single year", Stephen Moore wrote in an opinion piece for The Hill this week.

Two major factors usually determine how fast an economy can grow. Also, tax receipts contract and federal spending balloons to pay for things like surging unemployment compensation claims.

Since the 1970s, when women entered the USA workforce in large numbers, the growth of the pool of US workers has slowed, in part because aging baby boomers are retiring for good.

The 1990s were a boom time in part because the baby boomers had entered their peak earning years.

A day after releasing a budget that would dramatically slash the social safety net, President Trump's top budget official faced a bipartisan backlash on Capitol Hill. "President Trump's campaign promises on infrastructure are crumbling faster than our roads and bridges". "Not only will they not have access to these much needed programs to stay healthy and safe, but immigration enforcement will have more resources to conduct raids on communities, detain immigrant women and separate more families". This generally requires workers to cultivate skills and graduate from college or for companies to deploy new technology that enhances what workers already do. Trump left those big retirement programs alone in this year's effort.

Hoagland noted that many of these programs are "necessary" for investing in workers to increase productivity.

Mulvaney, however, has signaled that the Trump administration is more concerned about reducing tax burdens than preserving services for those who rely on them.

"This budget relies on absurd economic projections and pretend revenues that no credible economist would validate", Jayapal said. This error is akin to buying a company assuming that you can make investments that will raise profits, but then, in calculating the increased profits, counting the higher revenue while failing to account for the fact that the investments would actually cost some money to make. That's why, said Daco, the administration's growth assumptions are "overly optimistic".

Many have taken issue with Trump's often-repeated insistence that his policies would drive sustained 3% economic growth, on account of it being more or less impossible to achieve.



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