Thursday, 21 March, 2019


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

Trump plans to ask for another $8.6B to fund border wall: report Pelosi, Schumer threaten another gov't shutdown over President Trump's request for border wall funds
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.

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