Money

Shrinking the Budget May Not Be As Easy As Trump Thinks

Written by Teunis Felter

For believers in small government, there is a ray of hope on the horizon. There is a (nominally) Republican president-elect who loves to point out how he is not beholden to the usual special interests and Republican majorities in both the House and Senate. If federal spending is ever going to be reined in, now would appear to be the time. Federal spending for the 2016 fiscal year ran about $3.95 trillion, a record high. Without any spending cuts, federal spending is projected at $4.15 trillion for the current fiscal year which started on October 1 and runs through September 30, 2017, breaking the $4 trillion barrier for the first time. It seems like cutting spending would be easy, but the reality might be quite different.

http://www.realclearmarkets.com/articles/2016/11/21/shrinking_the_budget_may_not_be_as_easy_as_trump_thinks_102434.html

About the author

Teunis Felter

Teunis Felter has over 20 years experience as an author, editor, and scientist. When not exploring outside, he enjoys reading history, researching genealogy, and civilly discussing politics.