Summary: Now that the Anything But Issues election is over, the media realize that there are issues other than racism and sexism — and debates other than those over the ephemera that dominated the election. Alexander Bolton of The Hill kicks off serious coverage of the Trump administration with “Deficits could stand in the way of Trump’s agenda“. It’s a powerful sequel to yesterday’s post, See the warnings about Trump’s infrastructure plan. It’s betraying populism.
Remember all those GOP tirades about Obama’s deficits?
The GOP majority seems unlikely to allow the fantastic deficits necessary to fund Trump’s promised hat trick of programs: more money for America’s already massive military, rebuilding America’s infrastructure, and tax cuts for the rich. Unfortunately for the 1%, the Federal government doesn’t spend enough on the poor to feasibly balance the budget on their backs. Congress seems likely to fully fund only increases for the military (fertilizing the MIC money tree) and tax cuts for their 1% paymasters.
Net impact on America: zero, leaving only debts for the future — much like the Reagan and Bush Jr. deficits. The tax cuts of those two Presidents came close to wrecking the government’s solvency. Third time’s the charm!
When reading this, remember that a properly led Congress is the most powerful branch of the Federal government. A President inexperienced in managing Congress further boosts their power.
Excerpt from “Deficits could stand in the way of Trump’s agenda”
by Alexander Bolton at The Hill.
“Trump called during the campaign for a $1 trillion infrastructure package, $5 trillion in tax cuts, increases in military spending and the repeal ObamaCare, which could cost more than $350 billion over 10 years. At the same time, the president-elect has promised “not to touch” Social Security or make cuts to Medicare.
“…’We did not hear anything about entitlement reform from either of the candidates, and that’s a serious issue,’ said Michael Sargent, a research associate at The Heritage Foundation. ‘You cannot address the growth in spending without addressing entitlement issues.’
”…Congressional Republicans assailed President Obama early in his tenure over soaring federal deficits, which exceeded $1 trillion dollars during his first four years in office. Debt reduction was the main focus of GOP leaders after they took back control of the House in 2010.