So much all of this gloom and doom about the 2018 Budget proposal by Trump. Today a guest post by Mustang with his interesting analysis.
America’s Economic Security
Diaper-headed persons aren’t the only folk capable of throwing bombs. OMB Director Mick Mulvaney threw one recently and by every measure, the bomb was one of those multiple warhead configurations. At this early stage, I think it would be fair to say that Trump’s plan for achieving America’s economic security has the leftists quaking in their designer shoes. Here first the Mulvaney presser; it gets interesting around the 9:30 mark. It is worthy of a few minutes of your time. For more background on Mulvaney, click here.
The Trump bill calls for a spending cut of $1.74 trillion. No surprise, the usual suspects are running around proclaiming the bill is dead on arrival. How’s this for optimism?
In criticizing the previous administration, Mulvaney stated, “Look, if you borrow money … if I take money from you and have no intention of giving it back, that’s not borrowing; it’s theft.” Rather, Mulvaney stated that he’s offering the American people a 3% growth rate, and a balanced budget in ten years … and he says the Trump administration can do this without touching Social Security and Medicare.
In any case, the way I see it, Mulvaney’s approach seems to be a centrist position; helping people by weaning them off welfare assistance programs. This is not an ultra-conservative notion, but it is Reaganesque. I can support it. Mulvaney went on to say, “We’re no longer measuring compassion by the number of programs, or the number of people on those programs, but by the number of people we get off of those programs.”
So, the leftists are screaming bloody murder, but then so too are the ultra-conservatives. One in particular is a fellow named Peter Schiff. Peter is a broker, which means that no matter what happens to the economy, he stands to profit by it. In my view, brokers are somewhat like bookies … they get paid even if you lose. If you have a few more minutes, here is Peter (not a fan of Trump, or his budget) being interviewed about the Trump economic plan. (Note: look at the small banner in the upper right side of the screen that reads “Revenge Economics.” Is this clever, or what?) What Schiff wants is to stop all entitlement programs, period. For an expanded background on Schiff, click here.
Personally, as someone who’s paid in to social service programs against my will for more than fifty years, I want every dime I can get from it. Still, I would be interested in hearing what the reader’s think about the Trump bill.