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A few inescapable facts, and figures,
Posted on: March 29, 2017 at 14:31:59 CT
GA Tiger MU
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for the few who may have interest. Now what?
The baseline Federal spending level for 2018 is $4.09 trillion, according to CBO's January update. But about $300 billion of that is net interest, and even the Donald will end up urging that be paid; and another $2.6 trillion consists of entitlements and mandatory spending -- almost the entirety of which the Donald has take off the table.
So that puts nearly 70% of the budget out of reach. But what's actually worse is that the remaining $1.2 trillion of so-called discretionary or appropriated spending mostly amounts to Trump priorities!
That's right, the current CBO baseline includes $600 billion for defense and another $250 billion for Trump's nondefense priorities including veterans, infrastructure, law enforcement, border control and homeland security.
Moreover, the Donald's partial and preliminary fiscal plan, or the so-called "skinny budget" actually increased this $850 baseline by about $60 billion per year. Therefore, they would need to cut the tiny $350 billion corner of the budget that is left by 17% just to break-even.
That is, before generating even a single dime to pay for the $5 trillion Trump Stimulus.
In short, the whole enterprise amounts to budgetary madness and demonstrates the monumental magnitude of the Debt Trap that has enveloped the Imperial City.
Edited by GA Tiger at 14:36:10 on 03/29/17
The baseline Federal spending level for 2018 is $4.09 trillion, according to CBO's January update. But about $300 billion of that is net interest, and even the Donald will end up urging that be paid; and another $2.6 trillion consists of entitlements and mandatory spending -- almost the entirety of which the Donald has take off the table.
So that puts nearly 70% of the budget out of reach. But what's actually worse is that the remaining $1.2 trillion of so-called discretionary or appropriated spending mostly amounts to Trump priorities!
That's right, the current CBO baseline includes $600 billion for defense and another $250 billion for Trump's nondefense priorities including veterans, infrastructure, law enforcement, border control and homeland security.
Moreover, the Donald's partial and preliminary fiscal plan, or the so-called "skinny budget" actually increased this $850 baseline by about $60 billion per year. Therefore, they would need to cut the tiny $350 billion corner of the budget that is left by 17% just to break-even.
That is, before generating even a single dime to pay for the $5 trillion Trump Stimulus.
In short, the whole enterprise amounts to budgetary madness and demonstrates the monumental magnitude of the Debt Trap that has enveloped the Imperial City.
Edited by GA Tiger at 14:36:10 on 03/29/17
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A few inescapable facts, and figures, - GA Tiger MU - 3/29 14:31:59
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