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Deficit-swelling Trump White House plans to use deficit against Democrats
The White House plan is to slash every program and leave military funding the same. However, the military budget would actually be increased due to White House plans to raid the Overseas Contingency Operations (OCO) fund, which no previous administration has ever before raided, and then add these pilfered funds to the Pentagon base budget.
As always with Republicans, they spend like mad dogs while in office, and then demand drastic spending cuts from succeeding Democrat administrations when they are the minority party. This is also the Trump/GOP recipe.
Related: Overseas Contingency Operations: The Pentagon Slush Fund
3/1/19
The self-described “king of debt” is about to get religion. In the next several months, the Trump administration faces several big spending and budget showdowns with Congress. And after mostly brushing off deficit concerns while pushing through a costly tax-cut plan, the White House now plans to reposition itself as an unlikely enforcer of fiscal responsibility led by its new top budget official, a veteran of the conservative group Heritage Action. Saturday marks the beginning of a series of budget challenges for the Trump White House. The next marker comes on March 11, when the White House is scheduled to release the president’s broad budget priorities, which will feature a call for deep spending cuts — and be dead on arrival in the Democratic-led House. Administration officials have been meeting for weeks to devise a strategy to dramatically boost defense spending, fulfilling a promise to Trump’s base, while at the same time placing a strong new rhetorical emphasis on deficit concerns in a bid to undermine Democratic demands for more spending on nondefense programs like foreign aid, education and environmental protection. It’s a long-shot plan certain to face accusations of hypocrisy — especially since it’s coming from Trump, who once boasted, “I’ve made a fortune by using debt.” Privately, many White House officials also dismiss the notion that the federal debt is a major problem.
The president’s critics countered that the Trump administration backed a tax-cut plan that will cost an estimated $2.3 trillion over 10 years and add $1.9 trillion to the debt. And after much consternation, Trump agreed to sign a massive $1.3 trillion spending bill last year — though afterwards, he told aides he’d regretted it apart from the boost it gave to the military. Aides said the Treasury Department will take point on debt limit talks, while the Office of Management and Budget is driving the budget proposal. Treasury Secretary Steven Mnuchin has said he would like Congress to raise the debt ceiling without any political showdowns or attempts to extract additional policy concessions — a move that could anger some House Republicans. One of the senior administration officials dismissed concerns that the debt limit fight will become a political nightmare, calling the issue, “much sound and fury signifying nothing.” But the debt limit and budget cap negotiations will force the White House to help congressional leadership deliver votes on a key issue, all while keeping the president — the king of debt — on message.
The White House plan is to slash every program and leave military funding the same. However, the military budget would actually be increased due to White House plans to raid the Overseas Contingency Operations (OCO) fund, which no previous administration has ever before raided, and then add these pilfered funds to the Pentagon base budget.
As always with Republicans, they spend like mad dogs while in office, and then demand drastic spending cuts from succeeding Democrat administrations when they are the minority party. This is also the Trump/GOP recipe.
Related: Overseas Contingency Operations: The Pentagon Slush Fund