Most presidents’ budgets are “dead on arrival” in Congress. It happened to Obama and Bush, and there are those who hope it happens to President Donald Trump.
That would be a huge mistake.
President Trump is submitting a budget that balances in ten years, making many of the tough choices to get the nation’s finances back on track without touching Social Security or making changes to Medicare beyond rooting out fraud.
Every GOP Member of Congress ran on limiting the size and scope of government, and bemoaning the ever-increasing national debt and the impact it will have on our children’s economic future must be part of Republican candidate training schools.
The truth is that in spite of all the political rhetoric, the Obama presidency, with the agreement of Congress, has left our nation $20 trillion in debt with $500 billion-plus annual deficits for as far as the eye can see. Interest due on the $20 trillion amounts to almost $500 billion annually in interest payments alone, and if left unchecked, those payments are projected to top $1 trillion within the next ten years.