Maya MacGuineas is the president of the Committee for a Responsible Federal Budget. She understands why many Americans feel like the recovery has left them behind. She said Americans once took a job and the salary grew until retirement. “I don't think it feels like that anymore.”
Sen. Mike Enzi (R-Wy.), chairman of the Senate Budget Committee, warned during a Sept. 19Committee for a Responsible Federal Budget event that Congress is like a binge eater ready to diet right after dessert — or in the case of Capitol Hill, the next budget cycle.
In an appearance at an event sponsored by the bipartisan Committee for a Responsible Federal Budget, Sen. Mike Enzi (R-Wyo.) said such a panel might have to change the way it reported its recommendations compared to past commissions.
Trump's separate proposals for defense would also cost more than at present - an additional $150 billion, according to the Committee for a Responsible Federal Budget.
Maya MacGuineas, the president of the Committee for a Responsible Federal Budget understands why many Americans feel like the recovery has left them behind. “You used to have a bargain that you would have a job, and your salary would grow through your twenties or thirties or forties or fifties or sixties when you retire, and you would have a secure Retirement. I don't think it feels like that anymore.”
An analysis from the Committee for a Responsible Federal Budget estimated his opponent Hillary Clinton's proposal of 12 weeks of paid leave to cost $300 billion over a decade — 10 times more than Trump's proposed budget.
Maya MacGuineas, head of the Committee for a Responsible Federal Budget that supports strong deficit-reduction policies, said in a statement that while Trump is proposing a “clever way” to reduce spending, “it would ultimately cut the non-defense budget by a quarter. “He includes no detail on how to achieve these cuts,” she said. “The biggest concern may be that he has taken about two-thirds of the budget off the table – including Social Security, defense, Medicare, and veterans spending – making it difficult to imagine how future policy changes will improve our debt situation.
One of the best ways to understand what is at stake and how much proposed changes would cost or save the program is to try your hand at one of interactive Social Security reform tools available online, such as theCRFB's Social Security Reformer tool. For example, the CRFB Social Security Reformer tool shows that gradually raising the full retirement age from 67 under current law for those born in 1960 or later to 69 for those born in 2008 or later, and indexing the full retirement age to longevity, would resolve 39% of the long-term financial shortfall.
The government programmes that Mr Trump intends to cut will not yield many savings, some economists believe. "When you look at a lot of these, the theory is nice, but the reality is there's only going to be a small amount of savings," said economist Marc Goldwein.
Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget, said Mr Trump's plan is still lacking in certain details and relying on risky forecasts. "He's moving in the right direction by pursuing a less costly tax plan and identifying some spending cuts to help pay for it. But the plan appears to rely on rosy assumptions and murky policy changes," she said.