Trump intends to cut spending where he shouldn’t
President Trump has sent a plan to Congress to cut more than $ 15 billion in spending that had been previously approved, to "mitigate the conservative anguish"…
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Given the economic imbalance created by the Trump Administration thanks to its spending bill and its new tax reform, the president has decided to cut spending by rescinding money from socially sensitive programs.
According to the Washington Post, the budget deficit "has greatly expanded" since Trump was elected, thanks to the combination of "spending increases and tax cuts", something that places a great responsibility on the shoulders of the Republicans.
To amend the damage, the Administration has decided to create a package of cuts that, among other things, may allow Trump to build his longed-for border wall.
"Almost half of the proposed cuts would come from two accounts within the Children's Health Insurance Program (CHIP) that White House officials have said expired last year or are not expected to be drawn upon," The Post continues. "An additional $ 800 million in cuts would come from money created by the Affordable Care Act in 2010 to test innovative payment and service delivery models."
As explained by Reuters, the proposed rescission of expenses "comes when the White House and the conservative Republicans in the U.S. Congress were edging away from a threat to pick a new budget fight with Democrats" and, especially, in the prelude of mid-term elections.
For their part, the Democrats will be at the juncture of making a decision about it since, for many of them, endorsing Trump's proposed cuts would win the trust of his voters in the November elections.
However, for the leader of the Democratic minority in the Senate, Charles E. Schumer (DN.Y.) the intention is clear: "Let's be honest about what this is: President Trump and the Republicans in Congress are looking to tear apart the bipartisan [CHIP], hurting middle-class families and low-income children, to appease the most conservative special interests and feel better about blowing up the deficit to give the wealthiest few and biggest corporations huge tax breaks", he said Monday through a statement.
About 30 programs will be affected by the cuts the White House is proposing to Congress for “rescission” on money that was "previously authorized," the Post continues. "Once the White House sends the request to Congress, lawmakers have 45 days to vote on the plan or a scaled-back version of it through a simple majority vote."