It’s both amusing and frustrating to observe the reaction to President Trump’s budget.
I’m amused that it is generating wild-eyed hysterics from interest groups who want us to believe the world is about to end.
But I’m frustrated because I’m reminded of the terribly dishonest way that budgets are debated and discussed in Washington. Simply stated, almost everyone starts with a “baseline” of big, pre-determined annual spending increases and they whine and wail about “cuts” if spending doesn’t climb as fast as previously assumed.
Here are the three most important things to understand about what the President has proposed.
First, the budget isn’t being cut. Indeed, Trump is proposing that federal spending increase from $4.06 trillion this year to $5.71 trillion in 2027.