Wednesday, May 24, 2017

Austerity by the USA Congress is the other reason why Wall Street really screwed when Trump took office.

May 23, 2017
By Carl Hulse

Washington — Finally some good news for President Trump: (click here) His new budget stands absolutely no chance of being enacted by Congress.

Moving forward with the cuts outlined in the $4.1 trillion spending plan created by the budget director, Mick Mulvaney, formerly one of the most determined fiscal hawks in Congress, would no doubt have major repercussions and compound the peril of Republicans already facing upheaval over their health care proposals. It would most likely hurt some of the very voters in rural and economically distressed corners of the nation who catapulted Mr. Trump to the White House and Republicans to control of the House and Senate. The effect on those constituents would be quickly felt....