President Donald Trump has just publicized the budget proposal and it appears that he has some wonderful tricks up his sleeve. As he earlier assured, the plan will cut government spending drastically. The main objective is to decrease the national debt and cut the tax burden on US citizens.
Critics are debating it at the moment and Democrats are profoundly against any government cuts, although there are even some Republicans criticizing the plan.
Zero Hedge reported, as indicated by Bloomberg that the budget will reduce $1.7 trillion in spending on entitlement plans.
President’s will likewise contain extra $200 billion cut to the Supplemental Nutrition Assistance Program, the modern form of food stamps over the next decade, which is 25% cut, as reported by The Washington Post.
The decreases of the food stamps are wider $274 billion welfare-reform effort, as reported by The Associated Press. WaPo also said that the budget will cut for around $800 billion to Medicaid.
$2.6 billion in border security spending, $1.6 billion of which will be set aside for President’s wall that will stretch on the southern border.
The budget will also offer big domestic discretionary spending cuts – which is an earlier form of the budget called for $54 billion in 2018.
Until now, United States was in a terrible condition, after eight years of Democrats ruling the country where the spending was out of control. President Donald Trump’s spending will restrain all the spending in and find a solution for tons of issues in the current system.
Many may condemn the cuts of entitlement programs, but that is in fact a good thing. While job offers in America are growing day by day, less people will need to depend on the government’s teat.
Cutting these programs will only improve the country, as people will go out there and earn their own money.
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Text source: http://www.enhlive.com
Image source: http://www.pbs.org