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Old 02-12-2018, 01:58 PM  
oaklandhater oaklandhater is offline
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Trump Proposes to Cut Medicare and Spend Big on Wall and Defense

https://www.bloomberg.com/gadfly/art...norance-charts

Trump Proposes to Cut Medicare and Spend Big on Wall, Defense

President Donald Trump will propose cutting entitlement programs by $1.7 trillion, including Medicare, in a fiscal 2019 budget that seeks billions of dollars to build a border wall, improve veterans’ health care and combat opioid abuse and that is likely to be all but ignored by Congress.

The entitlement cuts over a decade are included in a White House summary of the budget obtained by Bloomberg News. The document says that the budget will propose cutting spending on Medicare, the health program for the elderly and disabled, by $237 billion but doesn’t specify other mandatory programs that would face reductions, a category that also includes Social Security, Medicaid, food stamps, welfare and agricultural subsidies.

The Medicare cut wouldn’t affect the program’s coverage or benefits, according to the document. The budget will also call for annual 2 percent cuts to non-defense domestic spending beginning “after 2019.’

At a time when the prospect of rising annual budget shortfalls has spooked financial markets, the White House said in a statement -- without explanation -- that its plan would cut the federal deficit by $3 trillion over 10 years and reduce debt as a percentage of gross domestic product. Yet, in a break from a longstanding Republican goal, the plan won’t balance the budget in 10 years, according to a person familiar with the proposal.

The budget, to be released later on Monday, is unlikely to gain traction on Capitol Hill. Lawmakers routinely ignore the spending requests required annually from the executive branch. And Congress passed its own spending bill on Friday, including a two-year budget deal, which the president signed into law.

According to the summary, Trump will urge an increase in defense spending to $716 billion and a 2.6 percent pay raise for troops. He will request $18 billion to build a wall on the Mexican border, the summary indicates.

The White House also seeks $200 billion for the infrastructure proposal the administration plans to unveil alongside the fiscal year 2019 budget, as well as new regulatory cuts.

“This will be a big week for Infrastructure,” Trump said in a Twitter message Monday. “After so stupidly spending $7 trillion in the Middle East, it is now time to start investing in OUR Country!”

Monday’s document will outline proposed spending reforms the administration says would, if enacted, cut deficits over the next decade -- even as recently passed tax legislation and spending caps threaten to drive future annual deficits above $1 trillion.

Trump May Struggle on $1 Trillion Pledge to Fix Crumbling U.S.

“Just like every American family, the budget makes hard choices: fund what we must, cut where we can, and reduce what we borrow,” Office of Management and Budget Director Mick Mulvaney said in a statement. “It’s with respect for the hard work of the American people that we spend their tax dollars efficiently, effectively, and with accountability.”

A year ago, Trump asked lawmakers to cut $3.6 trillion in federal spending over the next ten years, and identified deep cuts to domestic spending programs. Instead, lawmakers last week passed a two-year government funding deal that would boost military and non-defense spending by $300 billion over the next two years and add more than $80 billion in disaster relief.

But administration officials argue their proposals, dead on arrival though they may be, is still an important marker of the president’s legislative priorities.

Immigration Enforcement
The plan includes a heavy emphasis on immigration enforcement. Trump is requesting $782 million to hire 2,750 new border and immigration officers, and $2.7 billion to detain people in the country illegally. Trump is also asking for $18 billion over the next two fiscal years toward the goal of constructing a wall on the U.S. border with Mexico. That’s a key point of contention in the ongoing legislative battle over the fate of young people, known as “Dreamers,” who were brought to the country illegally as children.

The proposal also includes $13 billion in new funding to combat the opioid epidemic, which Trump has frequently cited as among his top domestic priorities. The administration would provide a $3 billion boost to the Department of Health and Human Services in the next fiscal year, and $10 billion in 2019.

The proposal takes “money that the Democrats want to put to these social programs and move it to things like infrastructure, move it to things like opioid relief, move it to things that are in line with the president’s priorities so that if it does get spent, at least it get spent to the right places,” Mulvaney said Sunday during an appearance on Fox News.

Boost for Veterans
Other elements include $85.5 billion in discretionary funding for veterans health services, education, and vocational rehabilitation, the OMB said on Sunday. It is not clear how much of that funding would represent an increase from current spending levels.

The budget also includes $200 billion in federal funds over the next decade that the White House says would spur $1.5 trillion in infrastructure spending through partnerships with state and local governments and private developers. That includes $21 billion over the next two years that the White House says would “jump start key elements of the infrastructure initiative.”

Trump will discuss the public works proposal on Monday with governors, mayors, state legislators and other officials, and he expects to meet with Congressional leaders from both parties at the White House on Feb. 14. The president plans to visit Orlando, Florida, on Feb. 16 for an infrastructure event, and he and cabinet members will also promote the plan at events around the U.S., officials said.

The White House said its initial approach is to offset the $200 billion in the budget for its infrastructure plan with spending cuts elsewhere, including from some transit and transportation programs the administration doesn’t think have been spent effectively. But Trump is open to new sources of funding, a senior White House official told reporters.

‘Robust’ Defense
The White House also didn’t detail how much money it wanted to devote to new spending on the military, but OMB said the proposal would provide “for a robust and rebuilt national defense.” In last year’s budget proposal, Trump called for a $52.3 billion boost for the Defense Department, while asking for deep cuts to the Environmental Protection Agency, State Department, and Department of Health and Human Services.

Mulvaney said this year’s documents -- theoretical though they may be -- would see those agencies targeted again for budget cuts.

“There’s still going to be the president’s priorities as we seek to spend the money consistently with our priorities, not with the priorities that were reflected most by the Democrats in Congress,” he told Fox News.

Trump on Friday complained on Twitter that in order to boost military spending, “we were forced to increase spending on things we do not like or want.”

The budget proposal assumes that the U.S. economy will ramp up over the next decade to his goal of 3 percent growth, according to an administration official on Friday who confirmed figures to be contained in Monday’s budget proposal. Economic growth is projected at 3.2 percent in 2019 and 2020.

— With assistance by Mark Niquette
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Old 02-12-2018, 07:44 PM   #46
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Originally Posted by oaklandhater View Post
Trump's budget would end student loan forgiveness program
The proposal sharply curtails income-based loan repayment plans.
It would also scratch the Public Service Loan Forgiveness Program and embolden the government to go after students who don't pay their loans.


[.
All great and positive moves to reinforce personal responsibility. Pay your bills you loser scam artist.
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Old 02-12-2018, 07:46 PM   #47
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Originally Posted by HonestChieffan View Post
All great and positive moves to reinforce personal responsibility. Pay your bills you loser scam artist.



Student Loan Debt Has Nearly Tripled

https://www.npr.org/sections/ed/2017...f-student-debt

Baby boomers don't get to say shit about student loans ever.
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Old 02-12-2018, 07:49 PM   #48
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Originally Posted by oaklandhater View Post



Student Loan Debt Has Nearly Tripled

https://www.npr.org/sections/ed/2017...f-student-debt

Baby boomers don't get to say shit about student loans ever.
Why? Did baby boomers force millenials to take out crushing levels of student loan debt to pay for useless degrees?
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Old 02-12-2018, 07:52 PM   #49
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Originally Posted by patteeu View Post
Why? Did baby boomers force millenials to take out crushing levels of student loan debt to pay for useless degrees?
Almost every high paying job requires a useless degree.


And Baby boomers don't ge tot say shit because it was borderline free when they got their useless degrees.
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Old 02-12-2018, 08:45 PM   #50
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Originally Posted by oaklandhater View Post



Student Loan Debt Has Nearly Tripled

https://www.npr.org/sections/ed/2017...f-student-debt

Baby boomers don't get to say shit about student loans ever.

Students borrow too much and major in shitty subjects that lead to shitty jobs and shitty lives. Maybe that will help them stop being stupid and work their way out o the hole they dug. Pay back every dime.
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Old 02-12-2018, 09:07 PM   #51
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Originally Posted by oaklandhater View Post



Student Loan Debt Has Nearly Tripled

https://www.npr.org/sections/ed/2017...f-student-debt

Baby boomers don't get to say shit about student loans ever.
You're a freeloader encouraging free loading. No different than a criminal.
Blame those who pushed college on them.
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Old 02-12-2018, 09:08 PM   #52
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Originally Posted by oaklandhater View Post
Almost every high paying job requires a useless degree.


And Baby boomers don't ge tot say shit because it was borderline free when they got their useless degrees.
Not in relation to inflation during their time.
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Old 02-12-2018, 09:50 PM   #53
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Originally Posted by oaklandhater View Post
Almost every high paying job requires a useless degree.


And Baby boomers don't ge tot say shit because it was borderline free when they got their useless degrees.
Show us on the doll where the baby boomers touched you.
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Old 02-12-2018, 10:18 PM   #54
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Originally Posted by HonestChieffan View Post
Students borrow too much and major in shitty subjects that lead to shitty jobs and shitty lives. Maybe that will help them stop being stupid and work their way out o the hole they dug. Pay back every dime.
4% or less unemployment, old ****.
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Also Trubisky completely soured me during his Bowl game. Do not want. As for Mahomes, i would be shocked if a good QB ever came out of that school. The best TTU QB of all time (in NFL terms) is Billy Joe ****ing Tolliver.

One thing about Kizer: I think Notre Dame was so much of a shitshow, overrated program that he could have some untapped potential in a more stable environment. I like his talent the most out of all these guys.
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Old 02-13-2018, 12:09 AM   #55
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Students borrow too much and major in shitty subjects that lead to shitty jobs and shitty lives. Maybe that will help them stop being stupid and work their way out o the hole they dug. Pay back every dime.
Can't agree with shitty subjects = shitty lives, college grads always do better.

But if you borrow, you pay it off. There should be no forgiveness policy for higher education.

I understand why many kids really need government guaranteed loans, but once you have accomplished your goal, you pay off your loans. I went to college with the help of the GI Bill, $360/month as long as I had 8 credits. VA had an active duty NCO on campus to handle the vets coming through, very competent man.

But having a wife and an infant at the time, I took advantage of the lax loan requirements, borrowed $6000, bought a Toyota truck that lasted 15 years.

I paid the $6k back plus interest, we damn sure needed that second vehicle. I was working seven days a week plus going to college, wife had to stay at home with the infant.
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Old 02-13-2018, 01:18 AM   #56
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Build that god damn wall!!!

Tell those Mexicans to go home and stop takin' our jerbs.
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Old 02-13-2018, 10:00 AM   #57
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Whats the issue again?

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The Medicare cut wouldn’t affect the program’s coverage or benefits, according to the document. The budget will also call for annual 2 percent cuts to non-defense domestic spending beginning “after 2019.’
Still waiting for someone to find the issue.
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Old 02-13-2018, 10:05 AM   #58
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We do all realize that this is basically a wish list and there is no guarantee that all, most, or any of the included items will ever be enacted right?
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Old 02-13-2018, 10:30 AM   #59
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Student loan debt is a problem but the bigger issue is the actual cost of school. That shit is out of control.

Probably not the smartest thing to go to a private liberal arts school and major in philosophy, but still, it’s crazy the amount of $ education costs.

It’s getting to a tipping point where the return just isn’t worth it. I went to 4 years of undergrad, 4 years of dental school and bought a practice my first year out. The debt sucks. I wanted to be a dentist and my parents didn’t have 300k laying around to pay for 4 years of that so student loans were my only option. I’ll pay it back, it sucks but it is what it is.

I do wish I were allowed to deduct more of it or get a better interest rate.

But as I said it’s getting to a point where the juice isn’t worth the squeeze.
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Old 02-13-2018, 10:54 AM   #60
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Student loan debt is a problem but the bigger issue is the actual cost of school. That shit is out of control.

Probably not the smartest thing to go to a private liberal arts school and major in philosophy, but still, it’s crazy the amount of $ education costs.

It’s getting to a tipping point where the return just isn’t worth it. I went to 4 years of undergrad, 4 years of dental school and bought a practice my first year out. The debt sucks. I wanted to be a dentist and my parents didn’t have 300k laying around to pay for 4 years of that so student loans were my only option. I’ll pay it back, it sucks but it is what it is.

I do wish I were allowed to deduct more of it or get a better interest rate.

But as I said it’s getting to a point where the juice isn’t worth the squeeze.
This. Colleges often act in an almost-predatory manner in terms of getting kids to pay large tuition for degrees that they know do not provide an earning power commensurate to their cost.

Much like they did with for-profit schools, there needs to be some kind of controls on the amount of money a student can borrow that is tied to the known earning potential of their majors.
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