The President’s budget for 2019 once again relies on phony economic assumptions to make its deficit projections look less ominous. Even with the phony economics, other deceptions, and reckless cuts to crucial programs Americans rely on, the budget cannot hide the drastically deteriorated deficit outlook resulting from enactment of the Republican tax scam.
The highest-profile new initiative in the President’s budget is a proposal to increase federal investment in infrastructure. The plan is billed as incentivizing at least $1.5 trillion in new infrastructure investment. If the budget were fully implemented, the end result would likely be a reduction in federal support for transportation infrastructure.
The President’s budget for 2019 shows the Administration is not working on behalf of rural America. It presents a long list of broken promises to rural communities, which disproportionately suffer high and persistent poverty. The President’s budget will make life harder for the millions of Americans living outside of major cities, who are struggling to get by.
The President’s budget once again fails to recognize that our security depends on much more than military might and building walls. This budget hollows out critical areas to effective security, leaving the country more vulnerable.
By cutting vital grant programs that states and localities cannot backfill, the President’s 2019 budget puts Americans, particularly low-income Americans, at risk and threatens the economic vitality of our nation.
The President’s budget for 2019 provides a revealing insight into the Administration’s values. After spending last year working with Congressional Republicans to enact an extremely irresponsible tax cut that mostly benefits people who already have a lot of wealth and power, the Administration has produced a budget with damaging spending cuts that will hit working families hard for years to come.
In the weeks since Congressional Republicans jammed through their tax scam late last year, non‑partisan experts continue to provide evidence that the law is a huge giveaway to the rich that will leave families with little benefit as federal deficits swell.
Over the past 12 months, President Trump and Congressional Republicans have revealed a set of values that are in direct conflict with the wishes and priorities of the American people.
The sweeping legislation encompasses multiple activities, including the growing of food and fiber, natural resource protection and conservation, economic development in rural communities, bio-based energy programs, and nutrition programs.
The number of people aged 65 and older in the United States – 52 million today – is projected to increase by more than 60 percent over the next three decades, reaching 84 million in 2047.  This will mean more people turning to Social Security, Medicare, and long-term care services financed by Medicaid – programs that are crucial to the economic and health security of Americans during their retirement years. Ensuring retirement security for the American middle class will mean providing these programs with additional resources.