NEW PRESIDENT PROMISED TO LIMIT GOVERNMENT …
Supporters of limited government are understandably optimistic about this week’s inauguration of Donald Trump as the 45th president of the United States. Why? Because Trump has vowed to slash federal spending – which grew by obscene amounts under the administrations of both George W. Bush and Barack Obama.
“I’m not cutting services, but I’m cutting spending,” Trump said early on in his 2016 presidential campaign.
He later included hundreds of billions of dollars worth of spending cuts as part of his broader economic agenda.
“If we save just one penny of each federal dollar spent on non-defense, and non-entitlement programs, we can save almost $1 trillion over the next decade – again this is spending that does not touch defense, and that does not touch entitlements,” Trump said during a speech last September.