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 sluggish recovery and that’s it.”
Mulvaney says that the administration is aiming for steady annual growth of three percent for the economy while Trump is in the White House. He believes that this consistent growth should finally get the country back on track to economic solvency.
“If we had 3 percent economic growth for every year since the last recession, the budget would be balanced this year,” Mulvaney said.
An outline for the budget was released by Mulvaney back in March. It remains to be seen if the actual budget will contain the initial ambition of the outline, which proposed large cuts to federal bureaucracies such as the Labor and Agriculture Department, the State Department, and the Environmental Protection Agency. Defense spending and entitlement spending are expected to be increased or not touched at all in the Trump budget.