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fiscal policy

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Trump Administration Unveils The Most Libertarian Budget In History, But Will Congress Approve It?

Fiscally conservative critics of President Trump were shocked today as his first budget was announced. Trump’s budget office director, Mick Mulvaney unveiled a budget today that would cut $3.6 trillion in federal spending over the next decade. The only thing standing in the way of this libertarian budget is Congress. The Trump proposal may be too ambitious to be palatable for Congress. In spite of the Congress being dominated by Republican lawmakers, they have been reticent to making even the slightest of cuts to future government spending for many years. The GOP-dominated Congress even approved all of the Obama administration’s record spending. It remains doubtful that the legislature will approve Trump’s budget considering it would cut spending in areas that are still very popular to the electorate. Trump’s budget would cut at least $610 billion from Medicaid and more than $192 billion from food stamps over a decade, according to a Reuters report. Factoring in projected revenue increases, the budget would be balanced in 10 years as well. Trump’s… Keep Reading

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Trump’s Budget Director Scrambles To Ready 4,000 Page Proposal For Next Week’s Deadline

Mick Mulvaney, the director of the Office of Management and Budget, joked this week that President Trump’s first budget is “not for public consumption yet.” Mulvaney may not be joking for long, as he and his cohorts have less than a week to get the massive budget prepared for unveiling. “I have to go home and read 4,000 pages of budget,” Mulvaney said to a group of conservative legal minds at the Federalist Society on Wednesday, according to a Washington Examiner report. Mulvaney is undaunted by the gargantuan task of reviewing and preparing the budget that lies ahead of him. In fact, the Trump administration anticipating the release date for the budget to be this coming Tuesday. “I tell people all the time that we have forgotten what it’s like to live and work in a healthy American economy,” Mulvaney said. “If you’re here today and you’re 30 years old or younger, you really have never worked in a thriving U.S. economy — you’ve been through a recession or… Keep Reading

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