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Budget deficit spikes on additional federal spending because too many RINOs tanked POTUS Trump’s cuts

(National SentinelRINO Alert: POTUS Donald Trump’s first budget, which he released in March 2017, sought to literally cut trillions of dollars in federal spending over the course of a decade, but also to make those cuts permanent where possible.

Those cuts never came, largely because too many Republicans — well, RINOs anyway — refused to go along with them.

So now, two years in, the latest White House budget proposal is a behemoth, largely because of additional federal spending on the military, but also because hardly anything has been cut from the budget. In fact, spending has gone up as the costs of providing mandatory entitlement programs continues to rise.

As CNBC reports, Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney said in a joint statement Monday that the deficit jumped to $779 billion, $113 billion or 17 percent higher than the previous fiscal period. The last time it was that high was when the Obama administration spent $1 trillion more than the government took in back in 2012.

The network reported further:

Federal revenues rose only slightly, by $14 billion after Republicans chopped tax rates for corporations and most individuals. Outlays climbed by $127 billion, or 3.2 percent higher. A spike in defense spending, as well as increases for Medicaid, Social Security and disaster relief, contributed to the increase.

The Trump administration and congressional Republicans have pledged their commitment to fiscal discipline, despite the fact that they passed a tax law projected to dramatically expand budget deficits last year and then authorized a boost in spending. In a statement, Mulvaney claimed that “America’s booming economy will create increased government revenues,” a point the GOP has repeatedly argued in favor of its tax plan. … 




The Trump administration has proposed dramatic cuts to spending in several government agencies to reduce deficits. Even many Republicans have rejected the severity of proposed budget cuts.

However, “this fiscal picture is a blunt warning to Congress of the dire consequences of irresponsible and unnecessary spending,” he added. “… Going forward, President Trump and this Administration will continue to work with Congress to make the difficult choices needed to bring fiscal restraint, which, when matched with increasing revenue, will reduce our deficit.”

Democrats treat the federal budget (and taxpayers) like it’s their own personal money machine, never stopping to consider the consequences of sacrificing the future of their children and grandchildren by spending the country into oblivion.

While Most Republicans are fiscal hawks, not enough of them were, which is also why Obamacare remains the law of the land. Perhaps the November midterms will usher in more #MAGA conservatives who, like POTUS, will keep their promises of fixing our fiscal mess after being elected.

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