I gave my readers a look at the preliminary budget being offered by Trump for 2021……https://lobotero.com/2020/02/10/new-trump-budget/ and a few thoughts before we look into the budget……https://www.crfb.org/blogs/what-will-budget-look-2021
According to Trump Social Security and Medicare will be saved from cuts….and the real report has come out……either Trump does not know what is in his budget or he was lying……(I believe the later applies here)……
President Donald Trump posted a tweet on Saturday vowing, “We will not be touching your Social Security and Medicare in Fiscal 2021 Budget.” One day later, the Wall Street Journal published a report indicating that Trump is doing exactly that with his budget proposal.
The Journal’s report, which came a day ahead of the administration officially releasing its budget on Monday, indicates that Trump’s $4.8 trillion budget includes “steep reductions in social-safety-net programs,” including cuts to Medicare, Medicaid, and Social Security disability programs:
The White House proposes to cut spending by $4.4 trillion over a decade. Of that, it targets $2 trillion in savings from mandatory spending programs, including $130 billion from changes to Medicare prescription-drug pricing, $292 billion from safety-net cuts—such as work requirements for Medicaid and food stamps—and $70 billion from tightening eligibility access to disability benefits.
There is stuff that ALL seniors need to know about the new budget proposal……
Seniors should think of the proposed budget as President Trump’s “wish list”: not all of his proposals will take effect. Most, but not all, of his proposals would require the cooperation of the Democratic-controlled House of Representatives and the Republican-controlled Senate.
Here are the line items from Trump’s 2021 budget that would have the greatest impact on seniors.
This budget will take some dickering to get passed…..but will it?
Another problem I see with this budget…..
Budget proposals for fiscal 2021 released Monday afternoon call for $4.5 billion for the European Deterrence Initiative, a fund started by the Obama administration in the aftermath of Russia’s 2014 invasion of parts of eastern Ukraine and annexation of the Crimean Peninsula, which sparked a conflict that continues to inflict casualties on both sides. The latest proposal represents a precipitous drop from the $6 billion enacted for the current fiscal year and $6.5 billion the year before. Congress approved funding in line with administration requests for those years.
But not to worry the Imperial President now has his sycophants in place to rubber stamp his every move…..
President Trump released his 2021 budget on Monday to great fanfare, but don’t expect to hear much about it in terms of Senate debate. The chair of the Senate Budget Committee says he won’t even schedule a hearing on it because the document is essentially meaningless, reports the Hill. That isn’t an anti-Trump slam: Sen. Mike Enzi of Wyoming gave the same treatment to former President Obama. His rationale is that any related hearing is a waste of time and turns into a “diatribe against the president,” reports Politico.
“I want to encourage people … not to waste any time searching out the president’s budget cuts,” Enzi told his fellow senators in a floor speech. “Congress doesn’t pay any attention to the president’s budget exercise. It’s all it is—an exercise. Congress holds the purse strings, according to the Constitution, and Congress is very protective of that constitutional authority.” Among other things, Trump’s $4.8 trillion blueprint calls for a big outlay in military spending, including the creation of a new submarine-launched nuclear warhead, reports the New York Times
Not to worry the economy is great…that is according to Trump….and yet this…..
In public, President Donald Trump likes to boast about—and usually inflate—the performance of the American economy on his watch. He picks through the numbers to take credit for everything good and sorts out everything not-so-good for dumping on his predecessors. The result: lots of exclamation points!
If you lived in a bubble where Twitter Trump was your sole news source, you’d be pretty fired up, which makes it odd that on Monday the very same Trump White House said it intends to slash a scheduled pay raise for civilian federal employees. Cutting the 2.5 percent raise set for 2021 to 1 percent for millions of federal workers seems a bit austere in the face of such self-proclaimed boom times. Even more absurdly, Trump is justifying ordering the cut on the grounds that the country is in the midst of a “national emergency or serious economic conditions affecting the general welfare,” which the White House says authorizes the president to “implement alternative plans for pay adjustments.”
So which is it? The best economy in the history of economies or a national economic emergency? Either way, somebody’s lying.
And that is how you pull the wool over the eyes of the voter……
It pains me to see how our government is going into the toilet and I hope that the next president has more oversight than this Imperial one….
I Read, I Write, You Know
“lego ergo scribo”