Friday, March 17, 2017

Krugman on Trump's "Budget"

This week the Trump administration put out a budget blueprint — or more accurately, a “budget” blueprint. After all, real budgets detail where the money comes from and where it goes; this proclamation covers only around a third of federal spending, while saying nothing about revenues or projected deficits.
As the fiscal expert Stan Collender put it: “This is not a budget. It’s a Trump campaign press release masquerading as a government document.”

This is the part we do know:

Even in the limited information that the Trump administration has put out, it is clear there is no, zero, net decrease in government spending. While there are significant hits to particular agencies, the cuts are canceled out by spending increases in defense, homeland security, and veterans. Revealing once again the militaristic and authoritarian bent of President Trump.


(Charts via NBC)

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