How Trump's 2020 budget hinges on continued economic growth

President Donald Trump's 2020 budget outline arrives on Capitol Hill at the House Budget Committee in Washington Monday morning

President Donald Trump's 2020 budget outline arrives on Capitol Hill at the House Budget Committee in Washington Monday morning

Donald Trump's acting budget chief on Monday heralded the president's 2020 spending proposal, which looks set to revive his border wall fight with Congress while advocating steep spending cuts to environmental protection and key social safety net programs, as a "return to fiscal sanity". That led Trump to declare a national emergency to bypass Congress and tap funds already allocated for other projects to build the wall.

It was immediately panned by Democrats, who control the House of Representatives and blocked Trump's push for border wall funding in a standoff that led previous year to a five-week partial federal government shutdown. Republicans control the Senate.

And if Donald Trump doesn't get his border money that could trigger a repeat of the five week government shutdown that ended in January.

Instead of building a wall, Pelosi and Schumer suggested Trump begin "rebuilding America". "Congress refused to fund his wall and he was forced to admit defeat and reopen the government. The same thing will repeat itself if he tries this again", said House Speaker Nancy Pelosi of California and Senate Democratic leader Chuck Schumer of NY.

House Budget Committee Chairman John Yarmuth said House Democrats would put out their own budget proposal around the first week of April and that he hoped for a deal with the Senate.

White House economic adviser Larry Kudlow says Trump's budget "points a steady glide path" toward lower federal spending and federal borrowing as a share of the nation's economy.

But he said Trump "is going to stay with his wall". I think the president has made that case effectively.

Despite eye-popping debt on every page of Trump's latest fiscal year (FY) 2020 budget proposal, some in the administration are pushing for a spending fight with Congress at least on one portion of the budget. But it does serve as an early manifesto of his 2020 re-election campaign.

BIGBANG's Seungri offers to retire amid snowballing allegations
The 31-year-old was sentenced to a 10-month suspended jail sentence after publicly apologizing and expressing remorse. Unfortunately for him, that all had to be scrapped once he became the prime suspect in the Burning Sun investigation.

Reuters reported an administration official saying Trump's budget request grants him the ability to "say he fulfilled his commitment". The debt has prevented us from enjoying more than three percent growth even during the best job market. The White House also aims to cut Medicaid spending by almost $1.5 trillion from 2020 through 2029 through repealing the Affordable Care Act's expansion of the program and converting overall funding to a block grant or per capita caps to states. Republicans have long called for more significant changes to Medicare and other mandatory spending programs that are the biggest drivers of the national debt.

Federal officials have said only about 111 miles have been built so far or are now under construction.

The president's blueprint also requests $8.6 billion in border wall funding. Back in 2016, Mr. Trump suggested he would force Mexico pay for the border wall by threatening to cut off billions of dollars in money transfers that Mexicans who are living in the US send home. The new larger request includes $5 billion for the Department of Homeland Security, combined with $3.6 billion from military construction accounts, a senior administration official said. He added that it was "not fair" to make cuts to a program that people had been paying into for many years, and that he would save it "by making us rich again" and cutting waste, fraud and abuse.

The White House claims its plan would balance the budget within 15 years-and that's only possible because the budget assumes 3 percent annual economic growth, a very rosy outlook.

Some of that new spending-$506 million of it, to be precise-would be used to hire an estimated 2,800 additional law enforcement officers and critical support personnel at U.S. Customs and Border Protection and U.S. Immigration and Customs Enforcement.

Trump faces both political and court battles to free up the money he wants for the current fiscal year.

The request in the budget that's six times more than what he secured through his national emergency is essentially dead on arrival.

Recommended News

  • Female Marvel superhero tops weekend box office

    Female Marvel superhero tops weekend box office

    Videos like these are even more interesting when the character is as (relatively) obscure as Captain Marvel . The 21st instalment of the Marvel Cinematic Universe hauled in a staggering sum at the domestic box office.
    Bolton: Trump would be 'disappointed' if North Korea launches missile test

    Bolton: Trump would be 'disappointed' if North Korea launches missile test

    It remains unclear at this point, if the possible launch would be for a missile or a satellite rocket. Images of the renewed activity follow their second summit in Hanoi at the end of last month.
    Woman says she distracted jaguar after attack at Arizona zoo

    Woman says she distracted jaguar after attack at Arizona zoo

    Gilleland said the woman, who was not publicly identified, was taken to a hospital with injuries that were not life-threatening. He said his mother threw a water bottle into the cage to distract the animal long enough so that he could pull the woman away.
  • Tesla to raise vehicle prices, keep more stores open

    Tesla to raise vehicle prices, keep more stores open

    The company hasn't yet clarified why it partly reversed its initial decision , but Engadget has reached out for more information. Ramsey asked. "It's nearly as if the decision was announced and made without any analysis of what the outcome would be".
    Skype on Net will get HD video calls, recording and improved notifications

    Skype on Net will get HD video calls, recording and improved notifications

    Once you select a new browser, just refresh the Skype for Web page and everything should work exactly like it should. The new updates include HD video calling , redesigned notifications, a fresh media gallery design, and more.
    Trump defends ‘Tim Apple’ comment, says he was saving time

    Trump defends ‘Tim Apple’ comment, says he was saving time

    But now Trump is arguing that the whole incident is " fake news ", according to Axios reporter Jonathan Swan . Today, on Cook's verified Twitter page (via Redmond Pie ), he changed his last name to Tim (Apple logo).
  • Raiders Sign Trent Brown To Record-Breaking Four-Year, $66M Deal

    Raiders Sign Trent Brown To Record-Breaking Four-Year, $66M Deal

    But the Patriots selected Wynn in the first round of the 2018 NFL Draft, and may expect him to start in 2019. The formula of replacing a left tackle is usually complicated for any footballteam, and fraught with danger.
    Chiefs release OLB Houston

    Chiefs release OLB Houston

    Releasing Houston brings the Chiefs to just more than $23.1 million in cap space with free agency kicking off on Wednesday. He picked up nine sacks with 12 quarterback hits and 37 total tackles in 12 games during the 2018 season.
    Nick Foles signs with Jacksonville Jaguars

    Nick Foles signs with Jacksonville Jaguars

    Foles has completed 62 percent of his passes in 54 career games, with 68 touchdowns to 33 interceptions. Foles, 30, had a postseason record of 4-1 the past two years, including winning MVP of Super Bowl LII.
  • Keith Flint's death is not being treated as suspicious

    Keith Flint's death is not being treated as suspicious

    Toxicology reports are still to be filed, with the inquest now adjourned until July 23 when a full hearing will take place. It read: "It is with deepest shock and sadness that we can confirm the death of our brother and best friend Keith Flint".
    Theresa May wins Brexit assurances from European Union  on eve of crucial vote

    Theresa May wins Brexit assurances from European Union on eve of crucial vote

    Mrs May has so far given no indication which way she would vote or whether Tory MPs would be whipped to back the Government line. But Mrs May's official spokesman confirmed it remains the plan to stage the "meaningful vote" on the Brexit deal on Tuesday.
    Britain braces for decisive week of Brexit votes

    Britain braces for decisive week of Brexit votes

    Lawmakers would then vote on Wednesday or Thursday on whether to postpone Brexit, which might be the only choice at that point. If her deal is rejected, there will be two more votes this week to give MPs the final say on ruling out a no-deal scenario.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.