Larry Summers: Trump’s budget is simply ludicrous

Larry Summers: Trump's budget is simply ludicrous
Trump's proposed trillion-dollar cuts to Medicaid include a 'fundamental change' in how the program would operate
Details of President Trump's first budget have now been released. Much can and will be said about the dire social consequences of what is in it and the ludicrously optimistic economic assumptions it embodies. My observation is that there appears to be

Two members of Congress representing San Diego blasted President Trump's first budget Tuesday, saying its extensive cuts to non-defense programs are bad for the city and working families. “The president's budget will give the wealthiest a lift to the
There's double-counting in US president Donald Trump's budget—an elementary mistake worth $2 trillion. Want to see it for your own eyes? Let's get this thing (pdf) open. cover_budget (OMB). Skip the throat-clearing and head for page nine, in the … . In 1988, then-Vice President George H.W. Bush was seen by some in his party as too moderate, and he sought to assuage those concerns by vowing not to raise taxes. It became a central pillar of Bush's national campaign: “Read my lips,” he said. “No new. Trump's Medicaid cuts appear even bigger than those in the health care bill recently passed by House Republicans, above what would be needed to fulfil the GOP vow to repeal “Obamacare.” Play Video. Play. Mute. Current Time 0:00. /. Duration Time 0:00. . (CNN) – President Donald Trump's budget plans to cut the Children's Health Insurance Program by at least 20% over the next two fiscal years and slash Medicaid, which covers millions more children. Millions of poor and working families could lose their

White House budget director Mick Mulvaney warned lawmakers on Wednesday that they may have to vote to increase the government's borrowing authority sooner than previously thought. Mulvaney told the House Budget Committee that "receipts currently

Many supporters of President Donald Trump will be hit hardest by his administration's new budget – with $3.6 trillion proposed to be slashed from government spending over the next decade, cutting support for programmes that low-income families rely upon.
Climate change research targeted at multiple agencies
Climate change research targeted at multiple agencies

Budget Director Mick Mulvaney holds up a copy of President Donald Trump's proposed fiscal 2018 federal budget as he speaks to the media in the White House on Tuesday, May 23, 2017. Photo Credit: AP / Andrew Harnik. advertisement | advertise on

Trump's Budget Could Crush Mass.: Here's How

NEW YORK (CNNMoney) – America has millions of job openings but not as many applicants with the right skills. It's a big problem in the US job market. Many believe the solution to the problem lies in effective job training programs. . President Trump's budget proposal and its hysterical reaction are the predictable result of a nation that stubbornly refuses to confront escalating Social Security and Medicare costs. Advocates of all other budget priorities are left to fight viciously …

A new definition of 'compassion': How the White House wants to fundamentally redefine government spending

The 2018 budget proposed by the president makes deep cuts across the health care industry, from cancer research and public health to infectious diseases and drug safety. Media outlets break down which agencies and missions will be affected the most.

Trump's food stamp cuts face hard sell in Congress

The Latest: Mulvaney Defends Plans to Cut Social Programs
The Latest: Mulvaney Defends Plans to Cut Social Programs
White House budget director Mick Mulvaney appeared in front of the House Budget Committee on Wednesday, and the stark differences in the way Democrats, congressional Republicans and the Trump administration view government spending became

The Note: For Trump and Russia, it may not be the crime but the cover-up

Mulvaney defends Trump budget's social safety net cuts
Mulvaney defends Trump budget's social safety net cuts

NASA's Soil Moisture Active Passive satellite measures soil moisture worldwide, a key contribution to climate science. Image courtesy of NASA. Scientific organizations yesterday decried the White House budget proposal for slashing hundreds of millions …

(AP Photo/Jacquelyn Martin). Budget Director Mick Mulvaney testifies on Capitol Hill in Washington, Wednesday, May 24, 2017, before the House Budget Committee hearing about President Donald Trump's fiscal 2018 federal budget. (AP Photo/Jacquelyn


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