Wednesday, 22 May, 2019


Trump 2020 budget proposal: His GDP growth forecasts appear way too rosy

Trump 2020 budget proposal: His GDP growth forecasts appear way too rosy Trump 2020 budget proposal: His GDP growth forecasts appear way too rosy
Conrad Doyle | 12 March, 2019, 06:24

The concept, as laid out in Monday's budget proposal, would limit spending on prescription drugs for seniors with Medicare coverage, providing financial certainty to both patients and drug manufacturers while leaving the government to pick up the tab for anything seniors spend on drugs past a certain threshold.

The White House is seeking just over $93 billion for the Department of Veterans Affairs, an increase of $6.5 billion from current spending.

The $750 billion includes $718 billion for the Defense Department, and another $22 billion for related nuclear weapons programs at the Department of Energy.

It's a budget blueprint that Office of Management and Budget Director Russ Vought called in a Sunday night statement a return to "fiscal sanity".

The White House defense budget proposal also calls for adding a total of 30,000 troops to the rolls to bring the active duty and reserve force to a total strength of about 2.14 million. He said Trump added almost $2 trillion to deficits with the GOP's "tax cuts for the wealthy and large corporations, and now it appears his budget asks the American people to pay the price", the Democrat said. Now, with Democrats in charge of the House, this year's proposal is even less likely to be enacted. "I think the president has made that case very effectively". "The real negotiations will have to happen on Capitol Hill".

Fear no longer. Be the first to hear about breaking news, as it happens. Who gets more money: The military or everything else?

This is the marquee spending battle in recent years.

Asked if the large OCO request would poison those talks, Thornberry advised that lawmakers not "handwring over the massive OCO", but focus on shoring up military readiness and countering Russian Federation and China. "Unfortunately, as in previous years, he relies on far too many accounting gimmicks and fantasy assumptions and puts forward far too few actual solutions". Long-range plans for OCO show it as $156 billion in FY21, and then - after caps expire - $20 billion for the next two years, before it drops to $10 billion in 2024.

This is a budget for the military-industrial complex, for corporate CEOs, for Wall Street and for the billionaire class.

Trump's budget includes politically volatile proposals for overhauling Medicare, Medicaid and other costly social programs that form the American social safety net that helps the poor and underprivileged.

Despite no chance of Democrats approving the $8.6 billion, Trump is trying to send a political message that he intends to step up fighting for the promised wall.

"President Trump hurt millions of Americans and caused widespread chaos when he recklessly shut down the government to try to get his expensive and ineffective wall, which he promised would be paid for by Mexico", House Speaker Nancy Pelosi, Democrat of California, and Senate Democratic Leader Chuck Schumer of NY said in a joint statement Sunday.

"President Trump hurt millions of Americans and caused widespread chaos when he recklessly shut down the government to try to get his expensive and ineffective wall, which he promised would be paid for by Mexico", they said. "Congress refused to fund his wall and he was forced to admit defeat and reopen the government", Pelosi and Schumer said in a joint statement. "The same thing will repeat itself if he tries this again", the leaders continued. "We hope he learned his lesson", the duo said. Leading Democrats immediately rejected the plan, signaling another bruising fight just weeks after a standoff that led to a 35-day partial government shutdown, the longest in US history.

A resolution opposing the emergency declaration quickly passed in the House, and the Republican-controlled Senate is poised to vote on that resolution this week. The Democratic-led House already did so, and Trump's Republican allies in the Senate, uneasy over his move, are expected to follow suit.

At that point, the emergency declaration is expected to be tied up in court challenges. The Oct. 1 deadline for a funding deadline to keep the government running coincides with the deadline to lift the debt limit - without which the USA government would risk a default, which would shock the world economy. By doing that, he can potentially tap an additional $3.6 billion from military accounts and shift it to building the wall.

Recommended

loading...
...

Kevin Durant Suffered An Ankle Contusion In Warriors Loss To The Suns Kevin Durant Suffered An Ankle Contusion In Warriors Loss To The Suns I mean, I did predict this very victory in July ( Adam wryly smiles at his lottery-level odds prediction ). It doesn't matter if we're playing the Suns or the Bucks , whoever it is.

Race for the top four: Arsenal, Chelsea and United's remaining fixtures Race for the top four: Arsenal, Chelsea and United's remaining fixtures Chelsea are involved in what could be a title-defining game as they travel to Anfield to face Liverpool the following day. Aubameyang converted the penalty, making up for his missed spot kick at Tottenham Hotspur a week earlier.

J Lo and A-Rod make it a match in the Bahamas J Lo and A-Rod make it a match in the Bahamas Now, former Major League Baseball player Jose Canseco said that A-Rod allegedly has been cheating on J-Lo with Canseco's ex-wife. A year after Vindicated was released, reports revealed Rodriguez tested positive for banned substances during a 2003 drug test.

Tesla's Musk nears deadline to respond to SEC contempt bid Tesla's Musk nears deadline to respond to SEC contempt bid As a result of keeping more stores open, Tesla is going to raise vehicle prices by about 3 percent across the globe. The company gave no numbers, but said it would close only about half the stores that it had meant to .

Collins to Redskins for 6 years, $84M Collins to Redskins for 6 years, $84M The 2015 second-rounder has been named to the Pro Bowl the past three seasons and finished a year ago with 96 tackles in 12 games. Defensive coordinator James Bettcher used Collins primarily near the line of scrimmage this past season.

Nick Foles signs with Jacksonville Jaguars Nick Foles signs with Jacksonville Jaguars The financials of the contract are eye-popping, as Foles reportedly got $88 million over four years, with $50 million guaranteed. - Nick Foles is signing a 4-year, $88M deal with the Jaguars , according to FOX Sports who is citing multiple sources.

THE PRODIGY's Keith Flint Hung Himself THE PRODIGY's Keith Flint Hung Himself Flint had taken part in a 5-kilometer Park Run just days before his death, recording a personal best time of just over 21 minutes. He was described in a statement by Howlett and fellow bandmate Maxim as "a true pioneer, innovator and legend". "Sad, very sad.

Top EU official: Revised Brexit deal ‘is the best possible’ Top EU official: Revised Brexit deal ‘is the best possible’ Rumors are now swirling that May could try some parliamentary maneuvers to prevent any meaningful vote from taking place. This is far more likely, given that lawmakers rejected the deal in January by a historic margin of 230 votes .

Algerian president withdraws bid for re-election Algerian president withdraws bid for re-election He was deposed in a bloodless military coup in 1965 that set the stage for a series of generals serving as presidents. Similar marches were held across the country.

Nvidia Wins Mellanox Stakes for $6.9 Billion Nvidia Wins Mellanox Stakes for $6.9 Billion It could, however, face some regulatory hurdles in China, where Mellanox has major customers such as Alibaba and Baidu. Microsoft and Xilinx, a US-based supplier of programmable logic devices, were also allegedly eying up the company.

Captain Marvel: 20 Easter Eggs And References Explained Captain Marvel: 20 Easter Eggs And References Explained Videos like these are even more interesting when the character is as (relatively) obscure as Captain Marvel . Disney's "Rogue One: A Star Wars Story" has the 17th-highest launch frame with $155.1 million in 2016.

Ex-Dolphin Danny Amendola to sign with Lions, according to reports Ex-Dolphin Danny Amendola to sign with Lions, according to reports The veteran wideout is in Detroit Monday taking a physical and as long as there are no complications, he will be a Lion. A fourth-round selection out of Arkansas back in 2015, Flowers has spent the past four seasons with the Patriots .

Chance The Rapper gets married to his childhood sweetheart Chance The Rapper gets married to his childhood sweetheart News the special occasion took place on Saturday, at the Pelican Hill resort in Newport Beach, California . After welcoming their daughter Kensli in 2015, the pair split in 2016 before reconciling the next year.

Jaguar That Attacked Woman at Arizona Zoo Won't Be Put Down Jaguar That Attacked Woman at Arizona Zoo Won't Be Put Down Wilkerson captured video of the panicked woman in the aftermath of the attack, which was widely distributed to the media. We can promise you nothing will happen to our jaguar.

Did Ronda Rousey invite trouble following her latest outburst? Did Ronda Rousey invite trouble following her latest outburst? The Revival defend their titles in a triple threat against the teams of Aleister Black & Ricochet and Chad Gable & Bobby Roode. Well, WWE has already announced a total of nine promising matches (including the kickoff show) for the event.