Home » Economics & Politics » A New Foundation for American Greatness?

A New Foundation for American Greatness?

While Donald Trump is attempting to appear more presidential by meeting with heads of state in the Middle East and the Pope in Rome, on May 23, 2017, in his absence, the White Housereleased Trump’s proposed $4.1 trillion 2018 f.y. Federal budget, calling it a New Foundation for American Greatness. Politico has summarized the budget into a 4 page talking points.

AP rightly points out that experts find multiple flaws in the proposed budget’s assumptions, most notably the promise to fuel economic growth by 3% a year – a level it hasn’t achieved in more than a dozen years…. The non-partisan Congressional Budget Office estimates that the economy will expand on average 1.8 percent annually over the next decade.”

Others point to the inappropriateness of huge increases in military spending, building a Mexican border wall and trillions of dollars cut from domestic programs. Bernie Sanders calls Trump’s budget immoral – “a massive transfer of wealth from working families, the elderly, children, the sick and the poor to the top 1%.” Hillary Clinton said the budget, paired with attempts to repeal ObamaCare, shows “an unimaginable level of cruelty.