In keeping his promise to restore the U.S. economy, President Trump has proposed a new budget plan.
His plan will cut taxes and reduce entitlement programs. The goal is to eliminate the national debt in a matter of years.
However, he will have much resistance from the democrats in Congress, who refuse to cooperate with Trump on any issue.
But if Trump’s plan isn’t passed this year, serious damage might come to major programs, including Social Security.
From Daily Caller:
President Donald Trump’s budget proposal could be the last chance the U.S. has to balance the budget without cutting into Medicare and Social Security benefits, White House Office of Management and Budget Director Mick Mulvaney said Wednesday.
“The longer you wait to address a problem, the more you have to turn the dials to fix it,” Mulvaney told the Washington Examiner in an interview. “You could make a very small change now.”
If Congress implements the modest suggested entitlement changes in Trump’s budget, “you could have a fairly large impact,” Mulvaney said…
“The longer we wait to make the reforms, the harder it gets to actually balance,” Mulvaney said. “That’s why I don’t think we would be able to balance the budget next year unless we actually make some of the changes this year that we’ve proposed…”
Trump promised during his campaign that he wouldn’t touch Medicare, Medicaid or Social Security, something Mulvaney says is next to impossible.
Mick Mulvaney made it clear that in order to fix our broken system, cuts need to be made. The reckless spending of democrats and President Obama have dug us into a hole. Their solution is to raise taxes and punish American workers.
President Trump has a better plan. To eliminate wasteful spending and limit government handouts. With reasonable changes we can get our government on track.
But if Congress doesn’t play ball, bigger programs can be hurt. Namely Social Security. A program older Americans have paid into for years will be destroyed, because Congress wasted money on frivolous handouts.
Will Trump be able to push through with his budget, despite disruptive democrats? We’ll have to wait and see.
Source: Daily Caller
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