ibusinesslines.com March 24, 2017

Trump's Budget Puts Health Stocks Under Pressure

20 March 2017, 02:18 | Justin Tyler

Trump administration announces how much it plans to cut from the EPA

Trump Budget Chief Says Proposal Follows Through On Campaign Promises

"The severity of the budget cuts proposed by President Trump could require mass layoffs of employees at federal departments and agencies, although the budget blueprint released by the White House does not detail how many federal employees could lose their jobs", he said.

President Donald Trump's proposed transportation budget cuts could create a major hindrance for residents trying to travel in Michigan's Upper Peninsula.

Although both the Senate and House of Representatives are controlled by Trump's fellow Republicans, Congress holds the federal purse strings and seldom approves presidents' budget plans.

Edwards agreed that the budget is like a Conservatives dream in that it offsets spending increases with cuts. In other words, if Trump's budget finally pushes poor American's over the brink, they'll have to pay for that too.

The 29 percent cut to the State Department focuses on eliminating climate change programs and reducing funding for peacekeeping missions.

Not everything is rosy, of course.

As rumors of the pending foreign aid cuts spread last month, more than 120 retired generals and admirals sent a letter to Congress in which they quoted Trump's Defense Secretary James Mattis, who said when he was commander of the U.S. Central Command, "If you don't fully fund the State Department, then I need to buy more ammunition".

"While every part of the budget is important, discretionary spending is not a key driver of our growing debt", Peterson wrote. "Could we, as an administration, could I as a budget director, look at the coal miner in West Virginia and say, 'I want you please to give some of your money to the federal government so that I can give it to the National Endowment for the Arts?'" The only thing that does is Trump finding a way to justify the largest budget-cuts since the Second World War, as well as building his "wall" between Mexico and the US.

In May, Trump will present his fuller spending plan.

"BUT HOW WILL I SURVIVE ON THIS BUDGET? you may be wondering".

"It is a very complicated budget process when your entitlements, your mandatory spending is driving most of your budget deficit", he said. Social Security, Medicare and Medicaid, and food and income security benefits account for almost two-thirds of all federal spending. The reality is that if Congress were to accept these numbers - which it can't possibly do - America would be made dumber, dirtier, hungrier and sicker.

Mick Mulvaney, director of the White House Office of Management and Budget, confessed as much. "And parents may be among many raising serious concerns over the spending plan, as several of the programs and agencies eliminated under Trump's budget go directly toward supporting kids" education and safety. "It's like the governor's budget", Baker said.

Here, McCarthy discusses the agency's future in the Trump Era.

And he said he doesn't believe allegations without evidence damage the president's credibility.

Though the governor has also expressed reservations over the House GOP's plan to replace the Affordable Care Act (ACA), Baker said most of the funding changes from ACA repeal would not hit MA until 2019 or 2020, while an on-time federal budget would kick in starting in October.

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