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"Trump's budget anticipates deficits throughout the next 10 years even if Congress were to approve some $3 trillion in cuts over that same time period that he's proposing for a wide range of federal programs."  Trump has not found support for many of the proposed cuts. The budget also projects 3% yearly GDP growth, much higher than other independent projections.  If GDP growth is below 3% the deficit will grow even larger. Under President Obama (during the economic recession), the federal budget deficit reached $1.413 trillion.
 

U.S. Federal Budget Deficits (USD billions)

[caption id="attachment_2592" align="aligncenter" width="1334"] SOURCE: FRED (See Below Citations)[/caption]
[post_title] => Trump Budget Grows Annual Budget Deficit To $987 Billion By 2020; Deficit Under Obama Reached $1.4 Trillion [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => trump-budget-grows-annual-budget-deficit-987-billion-2020 [to_ping] => [pinged] => [post_modified] => 2018-05-20 13:08:38 [post_modified_gmt] => 2018-05-20 13:08:38 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2580 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [1] => WP_Post Object ( [ID] => 2579 [post_author] => 1 [post_date] => 2018-04-27 02:14:04 [post_date_gmt] => 2018-04-27 02:14:04 [post_content] => "The Trump administration says it plans to roll back a rule issued by President Barack Obama that prevents doctors, hospitals and health insurance companies from discriminating against transgender people." Section 1557 of the Affordable Care Act "bans discrimination on the basis of race, color, national origin, sex, age, and disability in health programs and activities that receive federal funding." The rule to be repealed was passed by the Obama Administration in 2016 to clarify section 1557 to specifically include prohibiting anti-transgender discrimination. [post_title] => Trump Administration Seeks To Roll Back Rule Prohibiting Anti-Transgender Discrimination For Healthcare Coverage [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => trump-administration-seeks-roll-back-rule-prohibiting-anti-transgender-discrimination-healthcare-coverage [to_ping] => [pinged] => [post_modified] => 2018-04-27 02:27:46 [post_modified_gmt] => 2018-04-27 02:27:46 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2579 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [2] => WP_Post Object ( [ID] => 2577 [post_author] => 1 [post_date] => 2018-04-22 10:02:02 [post_date_gmt] => 2018-04-22 10:02:02 [post_content] => On Monday April 9, 2018 "the F.B.I. raided the Rockefeller Center office and Park Avenue hotel room of President Trump's longtime personal lawyer, Michael D. Cohen...seizing business records, emails, and documents related to several topics, including a payment to a pornographic film actress." "Federal prosecutors are investigating Cohen for possible bank and tax fraud, and for possible campaign law violation in connection with the Stormy Daniels payment, and perhaps other matters having to do with foreign support to Trump’s 2016 campaign." Cohen made news earlier in 2018 after it was discovered he arranged a $130,000 payment to adult film star Stormy Daniels a month before the 2016 Presidential election "as part of an agreement that precluded her from publicly discussing an alleged sexual encounter with Mr. Trump.” [post_title] => F.B.I. Raids Offices And Hotel Room Of Trump's Personal Lawyer Michael Cohen As Part Of Investigation Into Possible Bank And Tax Fraud, Russia's Involvement In The 2016 Presidential Election, And Campaign Law Violations [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => f-b-raids-offices-hotel-room-trumps-personal-lawyer-michael-cohen-part-investigation-possible-bank-tax-fraud-russias-involvement-2016-presidential-election-camp [to_ping] => [pinged] => [post_modified] => 2018-04-22 10:04:29 [post_modified_gmt] => 2018-04-22 10:04:29 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2577 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [3] => WP_Post Object ( [ID] => 2576 [post_author] => 1 [post_date] => 2018-04-22 09:47:33 [post_date_gmt] => 2018-04-22 09:47:33 [post_content] => On Friday April 20, 2018, Wells Fargo was fined $1 billion ($500 million by the Consumer Financial Protection Bureau [CFPB] and $500 million by the Office of the Comptroller of the Currency) for "charging as many as 570,000 clients for car insurance they didn't need" and for inappropriately charging mortgage borrowers for "missing a deadline to lock in promised interest rates, even though the delays were Wells Fargo's fault." In addition, "an internal review by Wells Fargo found that about 20,000 of those [car insurance] customers may have defaulted on their car loans and had their vehicles repossessed in part because of those unnecessary insurance costs." Wells Fargo was also fined $185 million in 2016 for "secretly opening unauthorized deposit and credit card accounts." The Republican tax cut will save Wells Fargo an estimated $3.7 billion this year alone due to the significantly lower corporate tax rate it will pay. [post_title] => Wells Fargo Fined $1 Billion By U.S. Government For Inappropriate Charges And Fees But Will Save $3.7 Billion In Taxes Due To New Republican Tax Plan [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => wells-fargo-fined-1-billion-u-s-government-inappropriate-charges-fees-will-save-3-7-billion-taxes-due-new-republican-tax-plan [to_ping] => [pinged] => [post_modified] => 2018-04-22 09:53:29 [post_modified_gmt] => 2018-04-22 09:53:29 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2576 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [4] => WP_Post Object ( [ID] => 2575 [post_author] => 1 [post_date] => 2018-04-21 12:39:20 [post_date_gmt] => 2018-04-21 12:39:20 [post_content] => "President Trump has pardoned Scooter Libby, the George W. Bush administration aide convicted of lying to the FBI in an investigation into a leak of the identity of a covert CIA agent." Scooter Libby served as Vice President Dick Cheney's Chief of Staff.  He was "convicted in 2007 of lying to investigators and obstruction of justice following the 2003 leak of the covert identity of CIA officer Valerie Plame, though no one was ever charged for the leak. President George W. Bush later commuted Libby’s 30-month prison sentence but didn’t issue a pardon despite intense pressure from Cheney." [post_title] => President Trump Pardons Former Vice President Cheney's Chief Of Staff Scooter Libby Who Was Convicted Of Lying To The FBI [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => president-trump-pardons-former-vice-president-cheneys-chief-staff-scooter-libby-convicted-lying-fbi [to_ping] => [pinged] => [post_modified] => 2018-04-21 12:39:20 [post_modified_gmt] => 2018-04-21 12:39:20 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2575 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [5] => WP_Post Object ( [ID] => 2572 [post_author] => 1 [post_date] => 2018-04-14 12:02:35 [post_date_gmt] => 2018-04-14 12:02:35 [post_content] => The F.B.I.'s special counsel Robert Mueller is investigating a $150,000 payment made to the Trump Organization in September of 2015 by a Ukrainian billionaire after a 20 minute appearance by Trump.  Michael Cohen, Trump's personal lawyer, apparently solicited the payment.  The payment is suspicious as it appears it might be an effort by a foreign country to buy influence with a Presidential candidate. [post_title] => F.B.I. Investigating $150,000 Payment Made To Trump Organization By Ukrainian Billionaire In Exchange For 20 Minute Appearance By Trump [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => f-b-investigating-150000-payment-made-trump-organization-ukrainian-billionaire-exchange-20-minute-appearance-trump [to_ping] => [pinged] => [post_modified] => 2018-04-14 12:02:35 [post_modified_gmt] => 2018-04-14 12:02:35 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2572 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [6] => WP_Post Object ( [ID] => 2569 [post_author] => 1 [post_date] => 2018-04-07 12:16:51 [post_date_gmt] => 2018-04-07 12:16:51 [post_content] => "In 2014 the Mexican government announced a new 'Southern Border Program' aimed at increasing apprehensions and deportations of migrants from Central America and other parts of the world destined for the U.S." During the first two full calendar years of the program (2015 and 2016), Mexican authorities apprehended 198,141 and 186,216 migrants respectively (data for 2017 and 2018 is not yet available).  Apprehensions were predominately of Central American origin. [post_title] => In 2014 The Mexican Government Established A "Southern Border Program" To Enforce Illegal Immigration From Central America Into The United States; Mexico Has Since Detained Hundreds Of Thousands Of Migrants [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => 2014-mexican-government-established-southern-border-program-enforce-illegal-immigration-central-america-united-states-mexico-since-detained-hundreds-thousands-mi [to_ping] => [pinged] => [post_modified] => 2018-04-07 12:16:51 [post_modified_gmt] => 2018-04-07 12:16:51 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2569 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [7] => WP_Post Object ( [ID] => 2566 [post_author] => 1 [post_date] => 2018-04-01 13:17:13 [post_date_gmt] => 2018-04-01 13:17:13 [post_content] => "On Feb. 12, the Trump administration released its 2019 budget proposal for changes to make to the federal government’s spending." The $4.4 trillion budget proposal calls for "drastic reductions in environmental, research and diplomatic programs [President Trump has] long derided as wasteful: a 27 percent cut to the State Department; 25 percent to the Environmental Protection Agency; cost-cutting overhauls to Medicare and other social safety-net programs. That money would be partially diverted toward building a wall on the Mexican border and boosting defense spending." The budget deficit in this proposed budget increases to $984 billion. [caption id="attachment_2567" align="aligncenter" width="645"] SOURCE: Washington Post (See Below Citations)[/caption] "Any president’s budget proposal is customarily dismissed by Congress -- which controls the government’s purse strings, under the Constitution -- as a dead-on-arrival wish list. That’s especially true with this year’s document." View the full budget proposal here. [post_title] => Trump Administration Releases Proposed 2019 Budget That Increases Funding For The Military And Constructing Additional Border Wall Sections By Cutting Service And Research Programs; Budget Deficit Increases To $984 Billion [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => trump-administration-releases-proposed-2019-budget-increases-funding-military-constructing-additional-border-wall-sections-cutting-service-research-programs-budget-deficit-inc [to_ping] => [pinged] => [post_modified] => 2018-04-01 13:17:13 [post_modified_gmt] => 2018-04-01 13:17:13 [post_content_filtered] => [post_parent] => 0 [guid] => http://factualuprising.com/?p=2566 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) ) [post_count] => 8 [current_post] => -1 [in_the_loop] => [post] => WP_Post Object ( [ID] => 2580 [post_author] => 1 [post_date] => 2018-04-27 10:26:18 [post_date_gmt] => 2018-04-27 10:26:18 [post_content] => On February 12, 2018 the White House released a proposed budget with a budget deficit that grows to $987 billion by 2020, according to budget projections within the budget document.
"Trump's budget anticipates deficits throughout the next 10 years even if Congress were to approve some $3 trillion in cuts over that same time period that he's proposing for a wide range of federal programs."  Trump has not found support for many of the proposed cuts. The budget also projects 3% yearly GDP growth, much higher than other independent projections.  If GDP growth is below 3% the deficit will grow even larger. Under President Obama (during the economic recession), the federal budget deficit reached $1.413 trillion.
 

U.S. Federal Budget Deficits (USD billions)

[caption id="attachment_2592" align="aligncenter" width="1334"] SOURCE: FRED (See Below Citations)[/caption]
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