White House budget chief Mick Mulvaney told lawmakers on Wednesday that President Donald Trump's plans to slash social programs are created to increase economic growth to 3 percent and put "taxpayers first".
President Trump's budget keeps to his campaign pledge to leave Medicare and Social Security pension benefits alone and contains spending increases for the military and veterans, but it treats most of the rest of the government as fair game. In addition, states will receive "more flexibility to control costs and design individual, State-based solutions to provide better care to Medicaid beneficiaries". He said the 3 percent growth rate translates to about $2 trillion in additional revenues for the government over a 10-year period. Mark Warner, D-Va., told Mulvaney Thursday.
"It assumes that the stars perfectly align with regard to economic drivers", Sanford added. Can you guess the last time we had an unemployment rate of 4.8 percent, growth of 3 percent and inflation held at 2 percent? Georgia Rep. Sanford Bishop said the cuts "fail the test of basic human decency".
But Democratic Rep. Pramila Jayapal of Washington told Mulvaney that cuts to food stamps, payments to the disabled, and other programs are "astonishing and frankly immoral".
Warren pointed to a recent Congressional Budget Office analysis that found the House-passed AHCA would cut $834 billion from Medicaid and leave 23 million additional people uninsured in 2026 compared to the Affordable Care Act - a law under which she argued the uninsured rate for veterans decreased by almost 40 percent. And you have a 13 percent cut in the Department of Education.
Mulvaney said the proposed spending plan includes no Medicaid cuts as far as "what ordinary human beings would refer to as a cut".
Treasury Secretary Steven Mnuchin had expected the government to hit the legally mandated debt ceiling - now about $20.1 trillion - in early September.
During a hearing about the $3.6 trillion in cuts to domestic programs included in President Trump's proposed budget, Office of Management and Budget Director Mick Mulvaney made a case that the fiscal interests of the unborn should take precedence over the lives of present-day Americans - or at least those who rely on food stamps to eat or public schools to educate their children.
Mr Trump's budget is simply a proposal.
In a second attack against concerted efforts to reduce the death toll from H.I.V. and AIDS, the Trump budget aims to cut $524 million in funding for contraceptives and family planning services, programs which reduce unwanted children and poverty in vulnerable communities.
"It's so frustrating, but I'm glad to have a chance to sit here and talk about how we do one thing, which is very important, which is we are defending the taxpayer", he said. "So I think [Lawrence Summers], I think in all fairness to him, the issue is more of this is a preliminary document that will be refined, as we go through a process with Congress determining how money is spent".
Trump's budget would limit subsidies to farmers, including a cut in government help for purchasing popular crop insurance policies.