The Budget: Ten-penny plan
The White House proposes eye watering budget cuts
During his campaign for the White House, Donald Trump touted a “penny plan” for government spending.
This meant cutting the part of the budget that funds day-to-day operations—ie, excluding Social Security, health care, debt interest or defence—by 1% a year.
Critics said such cuts were unachievable.
Department budgets are already beneath their historical average as a share of the economy.
They would have to shrink by nearly a third over a decade, after accounting for inflation, to satisfy the penny plan.
That has not deterred Mr Trump.
On February 27th the White House announced its headline budget numbers, ahead of a more detailed plan due to appear soon.
In his first year in office, Mr Trump is proposing to cut so-called “non-defence discretionary” spending not by 1%, but by more than 10%, relative to current law.
The $54bn (0.3% of GDP) this would free up would flow to the defence budget.
Cue incredulity. The part of the budget Mr Trump would cut, which funds things like education, housing and national parks, has already fallen by over 10% in real terms since 2010.
Strict spending limits in the Budget Control Act of 2011, sometimes called the “sequester”, caused the dive.
1.budget cut 预算削减
例句:Budget cut backs forced the company to let go of several employees.
2.government spending 政府开支
例句:Policy changes led to a doubling of government spending on health.
3.the defence budget 国防预算
例句:There was a general acceptance that the defence budget would shrink.
4.current law 现行法律
例句:The current law has many problems of interpretation.