Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
US Coronavirus Trend Trajectory Forecast Current State - 7th Apr 20
Boris Johnson Fighting for his Life In Intensive Care - UK Coronavirus Crisis - 7th Apr 20
Precious Metals Are About To Reset Like In 2008 – Gold Bugs, Buckle Up! - 7th Apr 20
Crude Oil's 2020 Crash: See What Helped (Some) Traders Pivot Just in Time - 7th Apr 20
Was the Fed Just Nationalized? - 7th Apr 20
Gold & Silver Mines Closed as Physical Silver Becomes “Most Undervalued Asset” - 7th Apr 20
US Coronavirus Blacktop Politics - 7th Apr 20
Coronavirus is America's "Pearl Harbour" Moment, There Will be a Reckoning With China - 6th Apr 20
Coronavirus Crisis Exposes Consequences of Fed Policy: Americans Have No Savings - 6th Apr 20
The Stock Market Is Not a Magic Money Machine - 6th Apr 20
Gold Stocks Crash, V-Bounce! - 6th Apr 20
How Can Writing Business Essay Help You In Business Analytics Skills - 6th Apr 20
PAYPAL WARNING - Your Stimulus Funds Are at Risk of Being Frozen for 6 Months! - 5th Apr 20
Stocks Hanging By the Fingernails? - 5th Apr 20
US Federal Budget Deficits: To $30 Trillion and Beyond - 5th Apr 20
The Lucrative Profitability Of A Move To Negative Interest Rates - Pandemic Edition - 5th Apr 20
Visa Denials: How to avoid it and what to do if your Visa is denied? - 5th Apr 20 - Uday Tank
WARNING PAYPAL Making a Grab for US $1200 Stimulus Payments - 4th Apr 20
US COVID-19 Death Toll Higher Than China’s Now. Will Gold Rally? - 4th Apr 20
Concerned That Asia Could Blow A Hole In Future Economic Recovery - 4th Apr 20
Bracing for Europe’s Coronavirus Contractionand Debt Crisis - 4th Apr 20
Stocks: When Grass Looks Greener on the Other Side of the ... Pond - 3rd Apr 20
How the C-Factor Could Decimate 2020 Global Gold and Silver Production - 3rd Apr 20
US Between Scylla and Charybdis Covid-19 - 3rd Apr 20
Covid19 What's Your Risk of Death Analysis by Age, Gender, Comorbidities and BMI - 3rd Apr 20
US Coronavirus Infections & Deaths Trend Trajectory - How Bad Will it Get? - 2nd Apr 20
Silver Looks Bearish Short to Medium Term - 2nd Apr 20
Mickey Fulp: 'Never Let a Good Crisis Go to Waste' - 2nd Apr 20
Stock Market Selloff Structure Explained – Fibonacci On Deck - 2nd Apr 20
COVID-19 FINANCIAL LOCKDOWN: Can PAYPAL Be Trusted to Handle US $1200 Stimulus Payments? - 2nd Apr 20
Day in the Life of Coronavirus LOCKDOWN - Sheffield, UK - 2nd Apr 20
UK Coronavirus Infections and Deaths Trend Trajectory - Deviation Against Forecast - 1st Apr 20
Huge Unemployment Is Coming. Will It Push Gold Prices Up? - 1st Apr 20
Gold Powerful 2008 Lessons That Apply Today - 1st Apr 20
US Coronavirus Infections and Deaths Projections Trend Forecast - Video - 1st Apr 20
From Global Virus Acceleration to Global Debt Explosion - 1st Apr 20
UK Supermarkets Coronavirus Panic Buying Before Lock Down - Tesco Empty Shelves - 1st Apr 20
Gold From a Failed Breakout to a Failed Breakdown - 1st Apr 20
P FOR PANDEMIC - 1st Apr 20
The Past Stock Market Week Was More Important Than You May Understand - 31st Mar 20
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up - 31st Mar 20
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age - 31st Mar 20
Three Charts Every Stock Market Trader and Investor Must See - 31st Mar 20
Coronavirus Stocks Bear Market Trend Forecast - Video - 31st Mar 20
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast - 31st Mar 20
Is it better to have a loan or credit card debt when applying for a mortgage? - 31st Mar 20
US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector - 30th Mar 20
Are Gold and Silver Mirroring 1999 to 2011 Again? - 30th Mar 20
Stock Market Next Cycle Low 7th April - 30th Mar 20
United States Coronavirus Infections and Deaths Trend Forecasts Into End April 2020 - 29th Mar 20
Some Positives in a Virus Wracked World - 29th Mar 20
Expert Tips to Save on Your Business’s Office Supply Purchases - 29th Mar 20
An Investment in Life - 29th Mar 20
Sheffield Coronavirus Pandemic Infections and Deaths Forecast - 29th Mar 20

Market Oracle FREE Newsletter

Coronavirus-stocks-bear-market-2020-analysis

Trump Watershed Budget

Politics / US Politics Mar 21, 2017 - 11:13 AM GMT

By: BATR

Politics

You have never seen an attempt to change direction in the Federal juggernaut, as outlined in the Trump budget to revamp discretionary spending. Bob Adelmann of The New American provides an apt appraisal in Trump’s “Blueprint” Budget Is a Policy Statement; Real Budget to Follow. For a full reading of this framework review the White House document. OMB Director Mick Mulvaney, has delivered a bold variation from the normal accommodation to the political careerists and influence peddlers.


No doubt this America First departure from the status quo is a shock to the entire composition of elites, radical factions and pseudo intellectuals, alike. The vehement hatred for all things Trump, has hit heights previously unknown in domestic politics. As disappointing as such hysteria has been, it is not a surprise when one analyzes the nature of the power political system.  

For Trump supporters, voting for a Republican majority in Congress was billed as the way to reverse the all powerful and intrusive dictates from the central government. Reducing funding for programs and agencies was once a cardinal objective for conservatives. Beyond this simple goal was the restrained aspiration of balancing the budget with the definitive goal of reducing the national debt, having the ultimate purpose of eliminating that debt.

Illustrating the timidity of the weak kneed RINO cowards, GOP Lawmakers Get Skittish Over Trump Budget Cuts. Now let's be honest, the country club Republicans are prisoners of K Street and the corporate globalists. Many are closet "Never Trump" opposition within the Republican Party.  

What resistance developed during the last campaign cycle as manifested in Establishment Rule still in Control, continues in the current Congress. The disconnect between the hard pressed working class with the privileged ruling caste of cabal criminals has not been reversed with the inauguration of Donald Trump to the Presidency. Only the sheer will of a determined businessman offers any optimism of what might be possible to achieve.

When asking, Can the Swamp Really be Drained?, the answer can only be judged against the realities of the self-induced omnipotent government culture that resists any restrains on their ability to spend more public money.

While this Trump proposed budget does not reduce the debt, it is intended not to increase it. This is really a modest attempt to adjust internal expenditures among some agencies that have resisted any intrusion into their fiefdoms of control. Nor is this a perfect allocation in reductions. The much needed roll back in the State Department, especially in foreign aid funding is long overdue. However, as reported in Trump’s budget cuts State Dept, keeps foreign aid to Israel, shows the reluctance in including the 800 pound gorilla in sharing the pain.

"The blueprint released by the Office of Management and Budget (OMB) “provides $3.1 billion to meet the security assistance commitment to Israel, currently at an all-time high [sic]; ensuring that Israel has the ability to defend itself from threats and maintain its Qualitative Military Edge.”

Maintaining sacred orthodox expenditures is an obvious bridge too far to cross. But when Trump's Budget Meets Bipartisan Opposition and Big Sequestration Hurdle, the prophetic words of Mick Mulvaney, sums up the method used to compile the budget that the disloyal opposition has sure intense abhorrence for a pro national president.

“In fact, we wrote it using the president’s own words,” Mulvaney said. “We went through his speeches, we went through articles that have been written about his policies, we talked to him, and we wanted to know what his policies were, and we turned those policies into numbers. So you have an ‘America First’ candidate, you have an ‘America First’ budget.”

Increasing the Defense Department by $54 billion cuts both ways. America First is as much about asserting a strong national defense, while maintaining a non-interventionist foreign policy overseas. The perennial dichotomy that the bipartisan war party defends to the death has the need to deploy troops to garrison compounds for expanding the empire. Never is there a reflection, much less a revamping of the foreign policy that has American treasure and blood protecting the globalist agenda of worldwide dominance.

It is a given that the libtards would cry foul when their favorite social program gets the axe, but why should any honest advocate for a smaller government and limited federal governance join the defiance to the Trump budget? As The Hill writes in Shutdown politics return to the Senate, the Senator Schumer minority leader is setting the stage for another pompous threat to obstruct the Trump administration.

“If Republicans insist on inserting poison pill riders such as defunding Planned Parenthood, building a border wall, or starting a deportation force, they will be shutting down the government and delivering a severe blow to our economy,” they wrote in the letter."

This intimidation that comes from a party that refuses to timely approve Trump appointees to key agency slots can only offer an obstructionist opposition. So when the Bleeding Heart Limousine crew of hypocrites want to trigger a convoluted guilt ridden scare, you should look them straight in the eye and explain why they are such frauds.

 You can still get to heaven if you support Trump’s proposed budget nicely describes the proper context.

" Mr. Trump, in his budget, proposes to eliminate the Community Development Block Grant program, which partially funds Meals on Wheels. As Scott Shackford at Reason, wrote, “The big problem here is that ‘We help fund Meals on Wheels’ is how the government sells the CDBG program, but how it actually operates in the cities and communities that get the money is far different. The CDBG program is chock full of cronyism and corruption and should be eliminated. Much like the corrupt city redevelopment agencies, what actually ends up happening is that this money gets funneled by politicians to friends with connections for various projects that aren’t really about helping the poor at all.” 

So what is the correct analysis and balance that the Trump administration should strive to achieve? ZeroHedge looks at Trump's Budget A First Step Toward De-Politicizing Science.

"It should go without saying that scientific research is a vital part of civilized society, allowing for technological breakthroughs that dramatically increase the quality of life for mankind as a whole. It is precisely because of its great importance that it should not be politicized by being influenced by politicians and government bureaucrats. The inherent problems of government's inability to efficiently allocate scarce resources doesn't change when the subject is science, so government research can suffer with the same issues of waste, fraud, and abuse that regularly haunt other programs.

While his proposed budget is a solid first step toward de-politicizing science, unfortunately the increase in Pentagon spending means that military-related research will continue to enjoy the perks of government privilege. Resources that could have been dedicated to serving the wants and needs of the public will instead be allocated to building ever more expensive weapons for the world’s most powerful military (regardless of its actual performance).

As long as Trump continues to view the military-industrial complex as a sacred cow, he won’t make real progress in draining the swamp."

This is the rational assessment, but the Beltway culture will never allow a serious debate on scaling back the role the federal government plays in the national economy. When you have an untouchable technocratic bloc of bureaucratic power grabbers, entrenched into unaccountable government agencies, just how is it possible to clean out unnecessary programs and useless  departments?

The culture of collectivists has burrowed themselves into the federal money machine, that defraud the taxpayer and refuse to provide a utilitarian function. Seldom does one get such clear proof of exactly the hubris from elected legislators and public officials, who are agents of maintaining the corrupt political system. If your representative objects to the proposed cuts in EPA, State, Agriculture, Labor, HHS, Commerce, Education, HUD and Transportation Departments; they are part of the crony establishment cartel.

If the Trump administration is blocked from making these prudent budget reductions, who and when, will anyone ever achieve even a modest reform of the deficit addict disease that has plagued our government for decades?

The "I Love DC" society was defeated in the last presidential election. Even so, the vast majority of incumbent legislators were also returned to office. By comparison, few are true Trump allies. Add into this equation that many of the Trump appointees are dedicated politicians that are still comfortable with the old ways of grinding out the sausage of receptacle bribes and favors.

Following the way the GOP puts their imprimatur on this budget process will disclose to the faithful, just how difficult it will be for President Trump to domesticate the vulture scavengers from their feeding habit ways. Mick Mulvaney has presented a worthy budget that deserves public support. The Trump America First budget is a positive start on purging the corrupt system of much of the wasteful influence from several harmful agencies.

SARTRE

Source: http://batr.org/reactionary/032117.html

Discuss or comment about this essay on the BATR Forum

http://www.batr.org

"Many seek to become a Syndicated Columnist, while the few strive to be a Vindicated Publisher"

© 2017 Copyright BATR - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors

BATR Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules