The Hill: President Trump has indicated that he would allow $125 billion in spending cuts to take place for both defense and nondefense spending if Congress does not agree to his spending plan, top White House adviser Larry Kudlow said Thursday.
“The president has indicated, if the spending caps going all the way back to the 2011 deal are not met, then we will sequester across-the-board, both defense and nondefense, excluding entitlements, but we will run by those rules,” Kudlow said during The Hill’s Newsmaker Series event in Washington. “That’s tough stuff. I think that’s appropriate.”
Kudlow was referring to budget caps set in place in the 2011 Budget Control Act (BCA), a law that was meant to force bipartisan cooperation on budgeting by threatening steep cuts to both defense and nondefense spending.
Without legislation to raise the caps, 2020 defense spending would drop $71 billion and nondefense spending would drop $54 billion from current levels — about a 10 percent across-the-board cut.
In Trump’s budget request, he proposed sticking to those caps but putting $96 billion of additional defense spending into an off-budget account, a maneuver Congress would have to legislate. more here
Folks, we’re 22 trillion in the red and digging. We cannot spend our way out of bankruptcy. The feds have to drastically cut spending. 10% across the board ain’t gonna cut it. Whole agencies have to go. The Feds have to scale back to the basics.
Scale back to Constitutionally designated responsibilities.
Cut member initiatives (political pork projects, ludicrous grants for bogus research and projects, PBS, NPR, abortions, education, over bloated federal agencies, stop funding illegal immigration, etc., etc.)
The coming fiscal crisis in the 2020’s is like a fait accompli – on projected Medicare/Medicaid funding alone.
The train wreck is already in progress. And we’re on the train.
in a gov’t budget of over a trillion & a half, $125 billion ain’t much … but I seriously doubt that PDT wants to run in 2020 on a $71 billion drop in defense spending
he doesn’t need to convince most here, but he needs to hold (& expand on) the middle American democrats in PA, Ohio, IA, MN, WI, etc.
@Jimmy April 15, 2019 at 9:31 pm
> The train wreck is already in progress. And we’re on the train.
Only those who keep buying tickets.