{"id":399912,"date":"2019-03-17T07:51:04","date_gmt":"2019-03-17T06:51:04","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/trumps-34-trillion-deficit-and-debt-bomb\/"},"modified":"2019-03-17T07:51:04","modified_gmt":"2019-03-17T06:51:04","slug":"trumps-34-trillion-deficit-and-debt-bomb","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/trumps-34-trillion-deficit-and-debt-bomb\/","title":{"rendered":"Trump\u2019s $34 Trillion Deficit and Debt Bomb"},"content":{"rendered":"
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Drawing by Nathaniel St. Clair<\/p>\n<\/div>\n

This week Trump released his latest budget for 2019-20 fiscal year. It calls for $2.7 trillion in various social spending cuts over the decade, including $872 billion in reductions in Medicare, Social Security, Disability spending; another $327 billion in food stamps, housing support, and Medicaid; a further $200 billion in student loan cuts; and hundreds of billions more in cuts to education, government workers\u2019 pensions, and funds to operate the EPA and other government agencies.<\/p>\n

Not surprising, the $2.7 trillion in social program spending cuts will finance spending for the military and defense related programs like Homeland Security, Border walls, veterans, police, and programs like school vouchers.<\/p>\n

Of course, the budget proposal is \u2018dead on arrival\u2019 with the US House of Representatives, which must approve all spending bills, according to the US Constitution.\u00a0 But don\u2019t hold your breath. Trump may now have a back door to this Constitutional obstacle and eventually get his way on the budget, at least in part, to fund his military spending plans.<\/p>\n

Trump\u2019s National Emergency \u2018Workaround\u2019 & the Budget<\/strong><\/p>\n

It should not be forgotten, Trump just enacted his \u2018national emergency \u2019 to build his Mexico border wall by diverting funds, without Congressional approval, from other sources in the US budget\u2014i.e. a clear violation of the US Constitution.\u00a0 That \u2018national emergency declaration\u2019 will almost surely be approved by his…<\/p>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Drawing by Nathaniel St. Clair This week Trump released his latest budget for 2019-20 fiscal year. It calls for $2.7 trillion in various social spending cuts over the decade, including $872 billion in reductions in Medicare, Social Security, Disability spending; another $327 billion in food stamps, housing support, and Medicaid; a further $200 billion in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-399912","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/399912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=399912"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/399912\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=399912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=399912"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=399912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}