Budget of the United States Government, FY 2018 (Paperback Book)

Budget of the United States Government, FY 2018 (Paperback Book)
Budget of the U.S. Government, A New Foundation for American Greatness, Fiscal Year 2018
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Budget of the U.S. Government, Fiscal Year 2018 contains the Budget Message of the President, information on the President's priorities, and summary tables.

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Fiscal Year 2018 Budget publications collection can be found here: https://bookstore.gpo.gov/catalog/budget-economy/federal-budgets-year/fi...



Congress, civilian businesses and organizations, military and defense agencies (and all governmental agencies), and members of the general public would be interested in this publication and how the President's budgetary proposals could affect the economy and the continuing operation of different civilian organizations and federal agencies.


Government Executive  Article: Trump to Propose $1.4 Trillion in Cuts to Non-Defense Agencies  by Eric Katz May 22, 2017 

"President Trump, in budget documents to be released on Tuesday, will propose shrinking spending at non-defense agencies by $1.4 trillion over the next 10 years...The long-term spending projections make the previously announced$54 billion in cuts in discretionary spending at domestic agencies a small down payment on the reductions that would get larger each year through fiscal 2027.

The cuts will include shrinking the federal workforce. The documents the White House provided Monday did not spell out specific targets—OMB has said each agency will make its own determinations for how to slash their rolls—but did note that shedding employees would be part of the immediate cuts.

The $1.4 trillion in cuts to civilian agencies is part of a total package of $3.6 trillion in cuts to both discretionary and mandatory programs—including changes to federal workforce retirement programs—over the next decade. Trump would sharply reverse the Obama administration priority of matching any increases in defense spending with equal increases in non-defense spending[...]

Mulvaney said Monday the budget reaches its targeted reductions by eliminating programs that no longer serve the people they were intended to assist. He called the blueprint a 'taxpayer-first budget,' explaining that each expenditure was put through the test of measuring whether the government could reasonably ask a family in Grand Rapids, Mich., to pay for it. For defense, border security and veterans services—all areas where Trump would boost funding—the answer was yes. For the Corporation for Public Broadcasting and certain programs designed to help students reach college, Mulvaney said as an example, the answer was no.

'We are no longer going to measure compassion by the number of programs and the number of people on those programs,' the OMB director said. 'We’re going to measure compassion by how many people we get off those programs. We’re not going to measure success based on how much money we spend. We’re going to measure success based on how many people we help.'"


Read the full review here: http://www.govexec.com/management/2017/05/trump-propose-14-trillion-cuts-non-defense-agencies/138062/


CNBC.com   Article: Trump budget could have big news for Fannie and Freddie  by Jeff Cox May 25, 2017    

"Within the details of the $4.1 trillion spending plan is a change in language regarding government-sponsored enterprises. Specifically, the budget calls for improvements in the housing finance system, but not for the elimination of Fannie Mae or its sister agency Freddie Mac.

That's an important position shift from Trump and deviates from the course former President Barack Obama wanted to follow, according to banking analyst Dick Bove.

'There are significantly different wording changes in the 2017 budget proposal submitted by President Obama and the 2018 proposal submitted by President Trump related to Fannie Mae. President Obama clearly states his desire to get rid of this company. President Trump makes no such statement,' Bove, vice president of equity research at Rafferty Capital Markets, said in a research note this week. 'This is a major change in policy'...Bove believes the difference means that 'there will not be any elimination of Fannie Mae.'

Ramifications for the housing finance industry are that Fannie and Freddie could become one entity that will focus solely on mortgages, Bove said. He envisions that new agency paying a fee to the government as a guarantee for mortgages the agency purchases, which would be securitized and sold back into the market.

'Clearly at this point no one knows what the outcome will be. However, it seems likely that a comprehensive housing finance reform package will be presented to Congress possibly by year-end,' Bove said."

Read the full review here: http://www.cnbc.com/2017/05/25/trump-budget-could-have-big-news-for-fannie-and-freddie.html


SBYNews  Article: Trump Budget: 'A New Foundation for American Greatness'  May 24, 2017

"The Trump Administration released it’s fiscal year 2018 budget entitled 'A New Foundation for American Greatness' on Tuesday morning which prioritizes money for defense, border security, law enforcement, veterans and school choice.

Documents previewed on Monday included a summary of the plan.

One document entitled 'A New Foundation for a Balanced Budget' stated that this budget 'will reverse the damaging trends from previous administrations and restore the American Dream.' It asserts that under this budget, by 2027 'publicly held debt will be reduced to less than 60 percent of GDP, the lowest level since 2010, when the economic policies of the last Administration took effect.'

Mulvaney reinforced this in a Monday budget preview briefing. He said that the budget will balance in 10 years under this plan, 'the concept we put in place is a general, what we call the two-penny plan, which is that every single year we see those reduced by two cents on the dollar, every single year.'

The document emphasizes that there are no cuts to core Social Security benefits and no cuts to Medicare."

Read the review here: http://sbynews.blogspot.com/2017/05/trump-budget-new-foundation-for.html


The New York Times [Section: Politics]  Article: Read Trump's 2018 Budget: The Trump administration on Tuesday released its 2018 budget, called "A New Foundation for American Greatness."  May 23, 2017 
Read the budget here: https://www.nytimes.com/interactive/2017/05/23/us/politics/document-Donald-Trump-2018-Budget.html?_r=0 


CNBC  US ECONOMY website  Feature article: Trump's MAGAnomics get a CBO reality check  by John W. Schoen  July 13, 2017   http://www.cnbc.com/2017/07/13/trump-maganomics-gets-a-cbo-reality-check...


CNBC website  Trump's budget would reduce deficit but wouldn't balance like White House promised, CBO says  by Jacob Pramuk and John W. Schoen July 13, 2017 http://www.cnbc.com/2017/07/13/cbo-releases-analysis-of-trumps-budget.html

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