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Federal Budget Priorities

On Friday, February 9, 2018, President Trump signed into law the Bipartisan Budget Act of 2018 (H.R. 1892), authorizing the U.S. government to spend about $500 billion more over the next two years and suspending the debt ceiling until March 1, 2019.

Most of the additional spending is not offset with cuts elsewhere, which means that the $20 trillion national debt will grow significantly.

Sixty percent of the new money goes to the military – a 10% increase.

According to the CBO, about one-sixth of federal spending already goes to national defense. CBO says “If the Trump Administration’s goals for increasing the readiness, size, and capabilities of the military were pursued, cumulative costs would be $683 billion (or 12 percent) higher from 2018 through 2027 than costs of the Obama Administration’s final budget plan for those same years.”

Recent tax cuts that favor corporations and already wealthy individuals will eventually result in Republican political pressure to cut social programs and entitlements to reign in Federal spending.

Are these the Federal budget priorities that will motivate voters to make changes in 2018 and 2020?