Wednesday, May 24, 2017

All You Need to Know About Trump's First Budget

While mainstream media continues to focus on cuts in certain sectors of President Donald Trump's first budget, there is little focus on the big picture.

When the big picture is considered, we see that Trump's budget will actually increase government spending from  from2017 to 2018, from $4.062 trillion to $4.094 trillion.

Further, even with Trump's wildly optimistic income projections, which no economist believes, his budget shows a deficit of $440 billion min 2018. It is likely to be much larger.

Trump is not cutting government at all, he is increasing spending and shifting the sectors where spending is focused, primarily moving spending from various welfare type programs to military spending.


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