While $15 billion isn’t a massive amount compared to the deficit the government is running, it shows Trump still remembers his constituents.
Donald Trump is proposing what the Washington Times refers to as “a massive $15 billion spending cuts package.” I’m not sure how it counts as “massive” compared to the $300 billion in spending that Congress agreed to. However, it is the largest “rescission” that any President has proposed. And it demonstrates that Trump hasn’t forgotten that fiscal conservatives are part of his coalition.
The truth is, with the possible exception of Rand Paul, any other Republican President would have massively boosted spending. But they wouldn’t have proposed so large a spending reduction. So once again Trump is serving as a conservative President.
What does Trump himself think? It’s hard for me to believe that he thinks the present level of the national debt is safe or sustainable. But I’m not sure what he believes about the government’s ability to endlessly borrow money.
The Washington Times reports, “Trump to demand Congress cut $15 billion in spending ‘rescission’ package.”
President Trump will propose a massive $15 billion spending cuts package to Congress on Tuesday, two months after the White House was stung by criticism from conservatives furious at the $300 billion funding hike Mr. Trump signed into law.
The administration said it was the largest single “rescission” package any president has ever submitted, and the first to be sent to Congress in nearly 20 years.
Mr. Trump’s proposal will focus on money that’s been sitting unused in accounts. Among the 38 cuts are $4.3 billion in a vehicle technology loan program, $800 million from an Obamacare payment pilot program and more than $200 million the Obama administration earmarked for the Ebola outbreak that dissipated years ago.
“This is money that was never going to be spent,” a senior administration official said, briefing reporters ahead of the announcement.
Congress will have to approve the package for the cuts to be made, and in sending it to Capitol Hill Mr. Trump is directly challenging Democratic leaders, who fought hard to increase domestic spending in the March government-funding deal, and who have already signaled they were unlikely to want to cooperate on new cuts.
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