Trump eyes over $10 trillion in federal spending cuts: report

[shockedcanadian]

Wow, my hero. If he can decrease costs, increase revenue sources AND jobs. The future of the United States will be bright again. Those who lose their jobs will find even better jobs in the free market, especially when businesses spend again due to large operational savings due to tax cuts.

P.S Please save me, I'm worth it!

Trump eyes over $10 trillion in federal spending cuts: report | New York Post

WASHINGTON — The incoming Trump administration is looking to cut $10.5 trillion in federal spending over the next decade, an enormous sum that would drastically reduce the size of government, according to a new report.

Details of the plan are still being hammered out by incoming White House staff, The Hill newspaper said Thursday.

The plan so far calls for the ax to be taken to the National Endowment for the Arts and National Endowment for the Humanities.

The Corporation for Public Broadcasting would be privatized under the plan.

The Department of Commerce and the Department of Energy would see sharply reduced budgets.

Modeling for the spending plan comes from the Heritage Foundation, a conservative think tank in Washington, according to The Hill.

Already, the Trump transition team is claiming some fiscal success.

In a surprise appearance at a press briefing Thursday, Vice President-elect Mike Pence announced the transition team, which he led, spent less than its budget.

“Wrapping up this transition on schedule and under budget,” Pence bragged, stating the transition team would return 20 percent of the taxpayer-funded budget to the federal government.

 

[TheOldSchool]

 

[ColonelAngus]

I am so happy that we might reduce some of the bloated FED.

Almost $4 trillion in spending per year is bonkers.

Especially with just over $3 trillion in taxes.

 

[Missourian]

Like they said at Davos, we can offer retraining for any displaced government workers to help them find a new job in another field...

Davos Elite Seeks Fixes to Defend the System From Populists
​

Perhaps coal mining...

 

[WillReadmore]

I am so happy that we might reduce some of the bloated FED.

Almost $4 trillion in spending per year is bonkers.

Especially with just over $3 trillion in taxes.

His tweeted objective has been to use savings to increase military spending.

So, he cuts education and builds more tanks.

Is that the best future for America?

 

[Timmy]

The nat endowment of the arts budget is $146 million .

How do save $10 trillion !? Loll! You stupid suckers .

 

[WillReadmore]

Wow, my hero. If he can decrease costs, increase revenue sources AND jobs. The future of the United States will be bright again. Those who lose their jobs will find even better jobs in the free market, especially when businesses spend again due to large operational savings due to tax cuts.

P.S Please save me, I'm worth it!

Trump eyes over $10 trillion in federal spending cuts: report | New York Post

WASHINGTON — The incoming Trump administration is looking to cut $10.5 trillion in federal spending over the next decade, an enormous sum that would drastically reduce the size of government, according to a new report.

Details of the plan are still being hammered out by incoming White House staff, The Hill newspaper said Thursday.

The plan so far calls for the ax to be taken to the National Endowment for the Arts and National Endowment for the Humanities.

The Corporation for Public Broadcasting would be privatized under the plan.

The Department of Commerce and the Department of Energy would see sharply reduced budgets.

Modeling for the spending plan comes from the Heritage Foundation, a conservative think tank in Washington, according to The Hill.

Already, the Trump transition team is claiming some fiscal success.

In a surprise appearance at a press briefing Thursday, Vice President-elect Mike Pence announced the transition team, which he led, spent less than its budget.

“Wrapping up this transition on schedule and under budget,” Pence bragged, stating the transition team would return 20 percent of the taxpayer-funded budget to the federal government.

Killing arts, humanities and broadcasting isn't going to do squat - those budget items are in the noise level.

Plus, people who don't see the importance of these things are just plain uneducated rubes.

 

[ScienceRocks]

At a time when our infrastructure is going to shit, our educational system is failing and china is taking away our science leadership..This is what this fucker wants to do? Great my ass.

What a clown.

 

[frigidweirdo]

Wow, my hero. If he can decrease costs, increase revenue sources AND jobs. The future of the United States will be bright again. Those who lose their jobs will find even better jobs in the free market, especially when businesses spend again due to large operational savings due to tax cuts.

P.S Please save me, I'm worth it!

Trump eyes over $10 trillion in federal spending cuts: report | New York Post

WASHINGTON — The incoming Trump administration is looking to cut $10.5 trillion in federal spending over the next decade, an enormous sum that would drastically reduce the size of government, according to a new report.

Details of the plan are still being hammered out by incoming White House staff, The Hill newspaper said Thursday.

The plan so far calls for the ax to be taken to the National Endowment for the Arts and National Endowment for the Humanities.

The Corporation for Public Broadcasting would be privatized under the plan.

The Department of Commerce and the Department of Energy would see sharply reduced budgets.

Modeling for the spending plan comes from the Heritage Foundation, a conservative think tank in Washington, according to The Hill.

Already, the Trump transition team is claiming some fiscal success.

In a surprise appearance at a press briefing Thursday, Vice President-elect Mike Pence announced the transition team, which he led, spent less than its budget.

“Wrapping up this transition on schedule and under budget,” Pence bragged, stating the transition team would return 20 percent of the taxpayer-funded budget to the federal government.

If he can.

I mean, this is a guy who takes businesses and runs them.... well he's had 6 businesses go bankrupt on him.

The Taj Mahal he used the tricks he's been trying to use on businesses in the US, basically get concession from unions to have workers work for cheaper, or close the casino down. It closed down. He likes to play chicken, and doesn't always win.

Two years ago the US govt made Trump pay a fine for money laundering. He also had to pay a fine in 1998 for the same thing.

He had Trump Plaza Hotel and Casino which went bankrupt. It's funny, his biggest competition soon after he had bought it was the Taj Mahal, yep, he actually forced his own company to seek debt restructuring and bankruptcy because his own company was competing with his own company.

But I read one article about Trump as an employer. One employee said at the beginning he splashed the cash, then cut back and back and back and then ended up in bankruptcy.

Does he know what he's doing? If he stops spending will he know the consequences of such cut backs? I mean, this has happened before. Reagan cut back, then realized it wasn't working, and then spent more. Bush cut back, what happened? Recession. Can the US afford another recession right now?

 

[HereWeGoAgain]

Wow, my hero. If he can decrease costs, increase revenue sources AND jobs. The future of the United States will be bright again. Those who lose their jobs will find even better jobs in the free market, especially when businesses spend again due to large operational savings due to tax cuts.

P.S Please save me, I'm worth it!

Trump eyes over $10 trillion in federal spending cuts: report | New York Post

WASHINGTON — The incoming Trump administration is looking to cut $10.5 trillion in federal spending over the next decade, an enormous sum that would drastically reduce the size of government, according to a new report.

Details of the plan are still being hammered out by incoming White House staff, The Hill newspaper said Thursday.

The plan so far calls for the ax to be taken to the National Endowment for the Arts and National Endowment for the Humanities.

The Corporation for Public Broadcasting would be privatized under the plan.

The Department of Commerce and the Department of Energy would see sharply reduced budgets.

Modeling for the spending plan comes from the Heritage Foundation, a conservative think tank in Washington, according to The Hill.

Already, the Trump transition team is claiming some fiscal success.

In a surprise appearance at a press briefing Thursday, Vice President-elect Mike Pence announced the transition team, which he led, spent less than its budget.

“Wrapping up this transition on schedule and under budget,” Pence bragged, stating the transition team would return 20 percent of the taxpayer-funded budget to the federal government.

Killing arts, humanities and broadcasting isn't going to do squat - those budget items are in the noise level.

Plus, people who don't see the importance of these things are just plain uneducated rubes.

If they're so special let private donations keep them afloat.

 

[Billy_Kinetta]

Wow, my hero. If he can decrease costs, increase revenue sources AND jobs. The future of the United States will be bright again. Those who lose their jobs will find even better jobs in the free market, especially when businesses spend again due to large operational savings due to tax cuts.

P.S Please save me, I'm worth it!

Trump eyes over $10 trillion in federal spending cuts: report | New York Post

WASHINGTON — The incoming Trump administration is looking to cut $10.5 trillion in federal spending over the next decade, an enormous sum that would drastically reduce the size of government, according to a new report.

Details of the plan are still being hammered out by incoming White House staff, The Hill newspaper said Thursday.

The plan so far calls for the ax to be taken to the National Endowment for the Arts and National Endowment for the Humanities.

The Corporation for Public Broadcasting would be privatized under the plan.

The Department of Commerce and the Department of Energy would see sharply reduced budgets.

Modeling for the spending plan comes from the Heritage Foundation, a conservative think tank in Washington, according to The Hill.

Already, the Trump transition team is claiming some fiscal success.

In a surprise appearance at a press briefing Thursday, Vice President-elect Mike Pence announced the transition team, which he led, spent less than its budget.

“Wrapping up this transition on schedule and under budget,” Pence bragged, stating the transition team would return 20 percent of the taxpayer-funded budget to the federal government.

Killing arts, humanities and broadcasting isn't going to do squat - those budget items are in the noise level.

Plus, people who don't see the importance of these things are just plain uneducated rubes.

If they're so special let private donations keep them afloat.

I support the arts. Let those who choose to do so support them as well.

No tax funding.

 

[kiwiman127]

Well, this will be interesting.
Trump has proposed tax cuts with a cost of 5.6 trillion over 10 years, infrastructure improvements over one trillion, replacing Obamacare anther trillion. That's 7.6 trillion in new debt. Plus he wants to boost military spending, building a wall. And Trump is just starting.

 

[WillReadmore]

Wow, my hero. If he can decrease costs, increase revenue sources AND jobs. The future of the United States will be bright again. Those who lose their jobs will find even better jobs in the free market, especially when businesses spend again due to large operational savings due to tax cuts.

P.S Please save me, I'm worth it!

Trump eyes over $10 trillion in federal spending cuts: report | New York Post

WASHINGTON — The incoming Trump administration is looking to cut $10.5 trillion in federal spending over the next decade, an enormous sum that would drastically reduce the size of government, according to a new report.

Details of the plan are still being hammered out by incoming White House staff, The Hill newspaper said Thursday.

The plan so far calls for the ax to be taken to the National Endowment for the Arts and National Endowment for the Humanities.

The Corporation for Public Broadcasting would be privatized under the plan.

The Department of Commerce and the Department of Energy would see sharply reduced budgets.

Modeling for the spending plan comes from the Heritage Foundation, a conservative think tank in Washington, according to The Hill.

Already, the Trump transition team is claiming some fiscal success.

In a surprise appearance at a press briefing Thursday, Vice President-elect Mike Pence announced the transition team, which he led, spent less than its budget.

“Wrapping up this transition on schedule and under budget,” Pence bragged, stating the transition team would return 20 percent of the taxpayer-funded budget to the federal government.

Killing arts, humanities and broadcasting isn't going to do squat - those budget items are in the noise level.

Plus, people who don't see the importance of these things are just plain uneducated rubes.

If they're so special let private donations keep them afloat.

I support the arts. Let those who choose to do so support them as well.

No tax funding.

Private funding is already a large percent of many of these projects.

However, requiring them to go to 100% donations puts them in a position where normal business operations (including hiring, business loans for specific projects, etc.) become very difficult. Banks, employees, contractors, etc., just don't like that.

Just think about your recruiter telling you that the company has no money, but they are confident that people will be giving them money, so don't worry about where the money for your salary is coming from. Think about telling your loan officer the same thing - I want money, and I'm sure people will give me money so I can pay back the loan!!

My bet is that going to 100% donations model would cause most of these programs to simply die. They would have to shrink substantially, and that would start a rapid death spiral as donors would see them less.

 

[ColonelAngus]

I am so happy that we might reduce some of the bloated FED.

Almost $4 trillion in spending per year is bonkers.

Especially with just over $3 trillion in taxes.

His tweeted objective has been to use savings to increase military spending.

So, he cuts education and builds more tanks.

Is that the best future for America?

I'm sure you will have a busy 8 years blasting Trump. Enjoy.