Chris0nllyn
Well-Known Member
$1.3 Trillion. Adds about $7 Trillion to 10-year deficit.
- $1.57 billion to start building a wall. One can only assume he'll be sending Mexico a bill?
- Additional $61 billion for defense including 2.4% pay raise for troops. Up to $700 billion total. More = better, right?
- Additional $3 billion to fight opioid abuse. Up to $5 billion total. We'll win this drug war....one day. Maybe the Philippines-esque death panelties will work?
- $21 billion for infrastructure projects. No tunnel for NY though.
- $20 billion over 10 years for wildfire disaster relief.
- Potential federal grants to get states to send required info to databases. Would anyone else like to get money to follow existing law?
- Fix some loopholes in the recent tax bill. One being tax advtages for farmers selling crops to co-ops. Dems don't want it fixed, but agreed if they get tax credits for low incoming housing.
- CLOUD Act makes it easier for US law enforcement to get information stored overseas. This allows those in power to negotiate data exchange agreements in lieu of Congress and the judicial branch.
- $1.57 billion to start building a wall. One can only assume he'll be sending Mexico a bill?
- Additional $61 billion for defense including 2.4% pay raise for troops. Up to $700 billion total. More = better, right?
- Additional $3 billion to fight opioid abuse. Up to $5 billion total. We'll win this drug war....one day. Maybe the Philippines-esque death panelties will work?
- $21 billion for infrastructure projects. No tunnel for NY though.
- $20 billion over 10 years for wildfire disaster relief.
- Potential federal grants to get states to send required info to databases. Would anyone else like to get money to follow existing law?
- Fix some loopholes in the recent tax bill. One being tax advtages for farmers selling crops to co-ops. Dems don't want it fixed, but agreed if they get tax credits for low incoming housing.
- CLOUD Act makes it easier for US law enforcement to get information stored overseas. This allows those in power to negotiate data exchange agreements in lieu of Congress and the judicial branch.
http://www.crfb.org/blogs/interest-spending-course-quadrupleMore significantly, they assume a current law baseline where the budget deal only increases spending for two years and large parts of the tax law expire after eight years or sooner. Under our "Alternative Scenario," which assumes policymakers borrow an additional $3.6 trillion through 2028, interest spending will rise to $1.05 trillion, or 3.6 percent of GDP, by 2028.
Under either scenario, interest will easily be the fastest growing area of the budget. We estimate that under current law, it will increase by 267 percent in dollars between 2017 and 2028; no other category is over 100 percent. Under our alternative scenario, cumulative growth in interest is even higher at 301 percent; in other words, interest would quadruple between 2017 and 2028.
As a result, under current law, the federal government will spend more on interest than it does on Medicaid by 2021 and more than it does on defense by 2024.