President Trump has just presented the budget proposal – it appears that The Donald can pull out some aces here and there. Trump stuck to what he said, and with the project, there will be amazingly less government spending. The final aim of his proposal is to decrease the debt of the country as well as reduce the tax burden on the Americans.
Critics have started discussing the proposal right away. Democrats do not like and are against every policy which will give governmental power and control away to the people. Sill, there are some conservatives which criticize the plan as well.
Zero Hedge in their editorial included some of the major parts of President’s proposal, and the two biggest and most triggered stakeholders:
The budget will slash $1.7 trillion in spending on entitlement programs, according to Bloomberg.
Trump’s budget will include a massive nearly $200 billion cut to the Supplemental Nutrition Assistance Program, the modern version of food stamps, over the next 10 years – what amounts to a 25% reduction, according to The Washington Post.
The food stamp cuts are part of a broader $274 billion welfare-reform effort, according to a report by The Associated Press.
The budget calls for about $800 billion in cuts to Medicaid for fiscal year 2018, WaPo reported.
The budget also calls for $2.6 billion in border security spending, $1.6 billion of which will be earmarked for Trump’s proposed wall along the U.S.’s southern border.
The budget is also expected to propose major domestic discretionary spending cuts – an earlier version of the budget called for $54 billion in such cuts next year alone.
America is on a breaking point. The last 8 years of left-wing governing increased the country’s spending to a level which is basically out of reach or control. With President’s severe but still reasonable plan, the spending will be ultimately reduced and back in control.
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