Which has absolutely nothing to do with what I said.
Agreed, but Trump "saving money" even at 5% of a budget does not remove the deficit. Meanwhile Trump says that he wants less tax revenue.
He can't propose cuts to the existing budget. But we don't know what he and his cabinet are deciding about what to spend of what is already budgeted. President Trump knows anything he says about anything will be portrayed negatively by the MSM, social media, and on message boards by those determined to make him fail so he is actually more careful about what he says than he is given credit for. You may hate this man, but he is not stupid.
He can propose whatever he wants. And I dont hate him.
The fact that the debt ceiling went down does mean the deficit and more went down. If we spend no more than we take in, there is no increase in the deficit and if we spend less than we take in, the debt clock runs backward. It is unlikely the deficit can be wiped out completely this year because it takes awhile for a new President's policies to kick in.
Okay, he cannot effectively propose cuts to a funding budget that was passed by the previous Congress and signed off on by the previous President. He is pretty well stuck with Obama's budget until October. He cannot add anything to it without the consent of Congress, but he does not have to spend all the money that was budgeted and he has some discretion in moving funds around within departments.
The debt went down a little, but thats because theyre burning through cash they borrowed last year instead of borrowing this year, in order to cover the daily/monthly deficits. As of March 7, the deficit was 348bn for the fiscal year, with about 192bn added in February.
https://www.cbo.gov/sites/default/files/115th-congress-2017-2018/reports/52479-mbr.pdf
I can't argue with the CBO numbers as I don't have the data to do so. All I know is that if the national debt does not increase, we haven't spent more money than we have on hand; in other words we didn't borrow any money. Maybe its a glitch or some an accounting thing, but I don't recall that happening any time during the Obama administration.
I will say that it is too early in his Administration for Trump to be able to claim credit for it UNLESS he really is reining in spending and being fiscally responsible. Time will tell.
https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/backissues.htmPeriod Receipts Outlays Deficit/Surplus (-)
FY 2015
October 212,719 334,432 121,713
November 191,436 248,254 56,818
December 335,327 333,463 -1,864
January 306,742 324,289 17,546
February 139,388 331,747 192,358
March 234,187 287,105 52,918
April 471,801 315,092 -156,709
May 212,386 296,454 84,068
June 342,933 292,447 -50,487
July 225,493 374,680 149,187
August 210,837 275,248 64,412
September 365,450 274,579 -90,872
Year-to-Date 3,248,701 3,687,789 439,088
I can't argue with the CBO numbers as I don't have the data to do so. All I know is that if the national debt does not increase, we haven't spent more money than we have on hand; in other words we didn't borrow any money. Maybe its a glitch or some an accounting thing, but I don't recall that happening any time during the Obama administration.
I will say that it is too early in his Administration for Trump to be able to claim credit for it UNLESS he really is reining in spending and being fiscally responsible. Time will tell.
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