Last week, the White House and congressional Democrats struck a deal on the budget. While many Republicans looked at the deal as a worthwhile compromise, the absence of calls for spending cuts is deafening. The deficit is poised to hit $1 trillion several years earlier than projected, and spending under Trump will have also increased by 22
percent in a booming economy. Spending caps agreed upon in 2011 have never been fully followed. To tackle spending, Congress should be willing to look at every department and every program for significant savings, then it must address the drivers of our future debt: Social Security, Medicare, and Medicaid. Additionally, functions that don't belong at the federal level should be returned to the private sector and states, and subsidies to private companies should be cut.
|