By Rob Morgan Earlier this week, President Trump released his latest budget proposal. And like all recent presidents have stated, Trump believes that his budget would promote spending cuts and deficit reduction.
And as the opposition in Congress always says when a budget is presented, the spending cuts are in the wrong place, and the deficit reduction depends on pie-in-the-sky assumptions.
As always, the truth probably lies somewhere in the middle.
But before we dive in, we have to take a brief dive into the national budget history – going back to 1969.
Since then, there has been a year-end budget surplus only five times.
According to Congressional …read more
