Saturday, July 29, 2017

Presidential Budget

Summary of Trump's FY18 budget proposals.  I believe topping $4T for the first time; at least going in the right direction.

One still has to watch what they actually end up doing though...

Who won? 
No doubt about it—the Trump Administration is putting its focus (and dollars) on defense spending. Overall, the $4.1 trillion budget request would slash spending for non-defense domestic programs by $54 billion and raise defense discretionary accounts by $489 billion. The budget also emphasizes the need to avoid cuts to Social Security and Medicare programs. Other priorities include $1 trillion for public infrastructure and $2.6 billion for border security. 
Who lost? 
By far the biggest loser in this proposed budget is the Environmental Protection Agency (EPA); these cuts could seriously impact the agency’s enforcement and legal initiatives. Under this budget plan, EPA’s current budget would be slashed by about one-third, or from $8 billion in the current fiscal year to $5.7 billion next year.

1 comment:

Footsoldier said...

Would slash spending for non-defense domestic programs by $54 billion ??

Will be interesting to see what gets hit here. Probably education.

They'll starve something and that will be the next privatisation venture.