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Is Trump's proposed budget good for the US economy?

Roger Showely, SAN DIEGO UNION-TRIBUNE

Friday, June 2, 2017

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Budget Director Mick Mulvaney speaks to the media about Trump's proposed $4.1 trillion budget at the White House.Budget Director Mick Mulvaney speaks to the media about Trump's proposed $4.1 trillion budget at the White House. The budget promises to balance government books after a decade, relying on aggressive cuts, a surge in economic growth — and a $2 trillion-plus accounting gimmick. (Andrew Harnik / Associated Press)

 

Kelly Cunningham, National University System - NO: So-called “cuts” merely slow the rate of spending increase that still rises to nearly $4.1 trillion. Presenting a lower rate of spending growth does not actually resolve the federal government’s annual deficits or massively compounding debt. There are some good ideas, such as cutting corporate tax rates to bring money back into the U.S. and regulatory reforms to alleviate some burdens on companies, but other interferences on free trade likely leave a less productive economy.