As everyone already knows (if you did the homework), last night Donald Trump delivered his State of the Union Address to Congress, calling on Congress to act upon his policy agenda. A majority of Trump’s speech centered around nationalism, veterans, immigration, foreign threats, and more veterans. However Trump’s new proposals geared towards the aforementioned topics call into question how the funding will be appropriated and reallocated, seeing that we are already in debt nationally
Firstly, Trump would cut funding directed towards Medicare and other mandatory spending entitlement programs, reversing the universal healthcare that Obama had strenuously worked to implement. An infrastructure deficit would be caused by the additional spending geared towards improving our roads, airports, bridges, etc. using AMERICAN workers,which he stresses repeatedly throughout his entire 80 minute speech. Of course, as most Republican presidents do, he wants to build and strengthen the military and border security by building a nuclear arsenal, increasing border patrol and security, keeping Guantanamo Bay open for detention, building a wall (that is reported to cost around $25 billion), refining detainment processes, and overall amending the structure and size of the military. Alongside, domestic programs including law enforcement and hurricane relief programs would be allocated money. However, he surprisingly fails to mentions mandatory spending reductions which must have been a huge shocker for his fellow Republicans. Regardless of the hefty budget reorganization Trump adheres to, he also never once addresses the national debt, budget deficits, and spending cuts. While he excessively praises himself for creating a tax cut bill that would cut taxes for both the American citizens and corporations, he leaves out a crucial piece of information: in a few years (when we will have to start paying taxes), the taxes will increase again for families, but businesses will continue to pay reduced taxes (30% to 21%)
Forbes analysts reviewed the speech and made the three following conclusions:
- “If the program Trump laid out in his address is enacted, the annual budget deficit will be closer to $1.5 trillion than the $1.0 trillion many are projecting every year through at least the next 10 years.
- Legislated deficit reductions of any kind, including mandatory spending, are not at all likely before the 2018 election.
Opinion: By the tone of the summary, it is quite obvious where I stand on his speech, and to say it was disappointing is an understatement. Trump says he wants to make prescription drugs and medication readily available to ill people, but then goes on to cut funding for healthcare. It is already known that the military receives the most funding, and now he plans to make it bigger along with a 25 billion dollar wall. Guantanamo Bay is also notorious for being overtly inhumane and racist, polarizing against Muslims and Middle Easterns. Also the tax cuts he has proposed would only benefit corporate companies, as if they don’t have enough money. In a few years the tax cuts for citizens will increase again, and as a recent graduate of college, my debts would already be piling up, so I really am excited to have a tax increase too.
Questions:
- Do you think that more funding should be directed towards military and border security? Are there other programs that should be prioritized instead?
- What effect will using American workers for infrastructure projects have on immigrant families and their economic contributions?
- What does Trump’s budget plan mean for the national debt?