Excerpts from CNBC
By: Jake Novak
Tuesday, May 23, 2017
"America finally has something it's needed for decades: A budget that starts to tell the truth. And some people don't seem to be able to handle the truth. But they need to start.
"The truth is coming in the form of the White House budget that calls for major cuts to entitlement programs that are not sustainable, taxes that punish productivity and growth, and the fundamental understanding that politicians cannot be trusted to spend our money.
"That is, it at least begins to deliver the truth.
"… the Trump budget does just that by simply calling for those cuts because ‘ridiculous’ is really the best word to describe anyone who thinks continuing to promise the American people unicorns like the massive increases to the budgets of all the above-mentions programs aren't going to crowd out spending for almost anything else. The truth can be harsh, but ultimately it's kinder than having our presidents and members of Congress continue to lie to us. The unicorns aren't coming, and it's time for our elected leaders to stop pretending only the politically easy-to-cut programs should go.
"The massive expansions of just about all of the programs the Trump plan seeks to cut have led to a growing number of unemployed people in America who are just getting by on various forms and levels of government assistance. This puts an undue level of new strain on the people who actually are working and paying payroll and other taxes to prop up the rest of the country … The Trump budget at least starts to tell us the truth about what benefits can survive even in the short-term future.
"And there's another harsh but crucial reality in the Trump budget — it knows where the money comes from. Taxpayers. Somehow, prioritizing the people who actually provide us the money to spend in Washington has been portrayed as selfish or mean.
"… You have to start telling the truth somewhere, and the Trump budget does the most truth telling since at least the cut-heavy Reagan budget in 1981 that helped launch a major economic expansion. Our debt is about $20 trillion, and the number of unfunded liabilities coming due in the future have some experts pegging our real debt at more like $200 trillion. There's not enough taxpayer money in the universe to cover those costs.
"With these harsh truths in mind, we have to remember that a budget that doesn't make the harsh cuts Trump's does simply isn't realistic. Oh, and there's no such thing as unicorns either."
Read the full op-ed here.
Budget and Spending Wasteful Government Spending