Is Trump Serious about Cutting the Deficit and the National Debt?

January 26, 2017
Cato’s Michael D. Tanner writes:

“Even before President Trump was sworn in, Washington was abuzz with leaks about his coming budget. According to some reports, he would propose as much as $10.5 trillion in cuts over the next ten years. Among the cuts would be programs that have long been examples of wasteful, unnecessary, or counterproductive spending, including the Corporation for Public Broadcasting, the National Endowment for the Arts, and the Legal Services Corporation. The budgets for agencies such as the Departments of Energy and Commerce would be slashed. Conservatives would swoon.

Yet, at the same time, Trump and his cabinet nominees reiterated their intention to do nothing about reforming the major entitlement programs, particularly Social Security and Medicare, which are the real drivers of the nation’s exploding debt.” Read More…

COMMENTARY

Congress Should Rescind Social Security Regulation That Violates Civil Rights of Those with Disabilities
by Samantha Crane, Dara Baldwin, and Josh Blackman in The Hill (Online)

Near the end of the Obama administration, a number of new regulations were published, including one from the Social Security Administration that crossed an unfortunate line. Under recently finalized rules, millions of Americans with a disability, who have shown no propensity to harm others, could be barred from acquiring firearms.

Obama’s Mixed Legacy on Immigration
by Alex Nowrasteh in Real Clear Policy

Immigration was the biggest policy issue in the 2016 presidential campaign, and President Obama’s actions during his eight years in office are what set the stage. But Obama’s immigration legacy is a complex one. On the one hand, he is the harshest enforcer of immigration laws in American history, deporting more illegal immigrants than any previous administration.

MULTIMEDIA 

NEW! Cato Daily Podcast:

Brexit, Trump, and Expanding Global Trade (19:29)

As Theresa May appears to work toward positioning Britain as a global hub for expanding trade, the U.S. turns inward. Tom Clougherty and Ryan Bourne comment on Brexit, the European Common Market, and Trumpian Protectionism.

FROM CATO’S BLOGS

Ford’s Curious Approach to Trade Policy and Customer Relations
by Daniel R. Pearson

Mark Fields, president and CEO of Ford Motor Company, celebrated President Trump’s Jan. 23, 2017, executive order withdrawing the United States from the Trans-Pacific Partnership (TPP). In a statement the following day, Fields said, “And I would just call out yesterday, the president’s decision to withdraw from the TPP.”

Nationwide E-Verify an Unwelcome Step Towards a National ID
by Matthew Feeney

Senate Judiciary Committee Chairman Chuck Grassley recently reintroduced an E-Verify bill that ought to concern privacy advocates. If enacted, the bill would implement the employment verification scheme nationwide, something President Trump called for during his campaign.

RECENTLY RELEASED
A new index from the Cato Institute examines state and local data on 230+ policy variables to determine which states provide the highest levels of personal, economic and regulatory freedom.

Visit Freedom in the 50 States to view the full list of rankings, customize the data and access state-specific recommendations for reform.

FEATURED POLICY SCHOLAR

Daniel J. Mitchell
Senior Fellow

Daniel J. Mitchell specializes in fiscal policy, particularly tax reform, international tax competition, and the economic burden of government spending. He also serves on the editorial board of the Cayman Financial Review. Prior to joining Cato, Mitchell was a senior fellow with the Heritage Foundation, and an economist for Senator Bob Packwood and the Senate Finance Committee.

UPCOMING EVENTS

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January 26th, 12:00PM – 1:00PM, Capitol Hill Briefing
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February 2nd, 12:00PM – 1:00PM, Capitol Hill Briefing

Will President Trump Threaten Free Speech?
February 3rd, 12:00PM – 1:30PM, Policy Forum

Islamic Liberalism: Real or False Hope?
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