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Breaking: Report – Trump Budget Includes Massive Cuts in Federal Spending, Kills Important Agencies and Programs

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$10.5 Trillion Reduction in Spending Over 10 Years

Donald Trump will submit a budget that reduces federal spending by $10.5 trillion over the next ten years. The plan, according to a report in The Hill, was developed primarily by a far right extremist think tank, the Heritage Foundation, headed by former conservative Republican U.S. Senator Jim DeMint, and contains priorities from the most conservative elements on Capitol Hill, including the Republican Study Committee, the far right wing caucus of House Republicans.

On the chopping block are well-known agencies including the National Endowment for the Arts (NEA) and National Endowment for the Humanities (NEH). The Corporation for Public Broadcasting (CPB), which helps fund PBS and NPR, would transition to private ownership.

Vital cabinet-level departments, including the Dept. of Justice, the Dept. of State, and the Dept. of Transportation would take major cuts.

At the Department of Justice, the blueprint calls for eliminating the Office of Community Oriented Policing Services, Violence Against Women Grants and the Legal Services Corporation and for reducing funding for its Civil Rights and its Environment and Natural Resources divisions.

At the Department of Energy, it would roll back funding for nuclear physics and advanced scientific computing research to 2008 levels, eliminate the Office of Electricity, eliminate the Office of Energy Efficiency and Renewable Energy and scrap the Office of Fossil Energy, which focuses on technologies to reduce carbon dioxide emissions.

Under the State Department’s jurisdiction, funding for the Overseas Private Investment Corporation, the Paris Climate Change Agreement and the United Nations’ Intergovernmental Panel on Climate Change are candidates for elimination.

It’s important to note that the examples in The Hill’s report are miniscule. The contents of the proposed draft are not public, and have to contain thousands of other examples.

Responding to The Hill’s report, The Washington Post’s Philip Bump notes that the arts agencies Trump wants to kill amount to 0.02 percent of the federal budget. Putting it into perspective, Bump explains that the federal government’s spending on the NEA, NEH, and CPB would amount to a person who earns $50,000 a year spending less than $10.

Some responses via Twitter:

For a good quick look into this Trump insanity read this thread:

And this thread:

You can respond directly to Donald Trump by sending your comments to him on Twitter: @realDonaldTrump and to his transition team: @transition2017
You can also contact your Senators and Congressmembers by calling the Capitol Switchboard at: (202) 224-3121.
(Why are we including this information?)

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Image by Gage Skidmore via Flickr and a CC license 

 

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Comer Announces Public Hearing After Hunter Biden Closed Door Testimony

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House Oversight Committee Chairman Jim Comer announced he will hold a public hearing with Hunter Biden after the president’s son testified behind closed doors for most of Wednesday.

“I think this was a great deposition for us, it proved several bits of our evidence, that we’ve been conducting throughout this investigation, but there are also some contradictory statements that I think need further review,” Comer told reporters Wednesday afternoon.

“So this impeachment inquiry will now go to the next phase, which will be a public hearing. And that’s something that I think everyone in the media has been asking a lot of questions about. Something that I know that Mr. Biden and his attorney both demanded, just as I said, when we said we were going to do the deposition first, we will have a public hearing next.”

It’s unclear what other witnesses Chairman Comer and Chairman Jordan will present.

Comer claimed that parts of Hunter Biden’s testimony contradicted some of their previous witness’ testimony, although he refused to elaborate.

READ MORE: Court Denies Trump Request to Pause $454M Bond Requirement Amid His Cash Liquidity Claim

Hunter Biden stated in the opening remarks he released publicly Wednesday morning that Chairman Comer and Judiciary Chairman Jim Jordan had built their “entire partisan house of cards on lies told by the likes of Gal Luft, Tony Bobulinski, Alexander Smirnov, and Jason Galanis.”

“Luft, who is a fugitive, has been indicted for his lies and other crimes; Smirnov, who has made you dupes in carrying out a Russian disinformation campaign waged against my father, has been indicted for his lies; Bobulinski, who has been exposed for the many false statements he has made, and Galanis, who is serving 14 years in prison for fraud.”

Politico described Hunter Biden’s opening statement as “blistering.”

“I am here today,” the President’s son began, “to provide the Committees with the one uncontestable fact that should end the false premise of this inquiry: I did not involve my father in my business. Not while I was a practicing lawyer, not in my investments or transactions domestic or international, not as a board member, and not as an artist. Never.”

Watch Comer below or at this link.

READ MORE: Trump Swore Under Oath He Had $400 Million in Cash – Now He’s Telling a Court a Different Story

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Court Denies Trump Request to Pause $454M Bond Requirement Amid His Cash Liquidity Claim

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A New York appeals court has denied Donald Trump’s request to issue a stay on the state Supreme Court’s ruling ordering the ex-president to pay $454 million in the civil business fraud case brought by Attorney General Letitia James. Trump had offered to post a bond of $100 million as he appeals the ruling, as he suggested he did not have sufficient liquid assets – namely, cash – to post the full amount required.

The judge did, however, pause a portion of the ruling barring Trump from operating a business in New York, and also paused the portion of the ruling barring him from obtaining a loan from a bank registered in the State of New York.

“It’s a mixed bag for Trump, and the former president GAINS some ability, in an interim ruling, to continue his business activities and loan-seeking. But the most crucial request, a stay of enforcement of the $450M+ judgment, has been rejected,” reports Just Security’s Adam Klasfeld.

Unless he can obtain a loan or other financing, Trump, as he admitted in his legal filing, may have to sell some of his assets, likely real estate, to come up with enough cash to satisfy the judgment.

The court “also denied Trump’s request to delay his obligation to post $454 million until his appeal of the civil fraud verdict is over,” CNN adds.

RELATED: Trump Swore Under Oath He Had $400 Million in Cash – Now He’s Telling a Court a Different Story

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Trump Swore Under Oath He Had $400 Million in Cash – Now He’s Telling a Court a Different Story

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Attorneys for Donald Trump are arguing the ex-president and self-professed billionaire should not have to post a bond of $454 million as he appeals the New York State Supreme Court’s ruling holding him liable for civil business fraud. Instead, Trump is offering a bond of $100 million.

But as legal experts are pointing out, under oath, Trump stated he had $400 million in liquid assets. And his attorney, Alina Habba, when asked last week if he could come up with $350 million, said on-camera, “Yes, I mean, he does, of course he has money, you know, he’s a billionaire. We know that.”

Former federal and state prosecutor Ron Filipkowski, now the editor-in-chief of MeidasTouch.com, responded to Habba’s remarks, saying: “As we now know, this was also a lie.”

READ MORE: ‘How Extremism Is Normalized’: Schlapp Furious as Critics Slam CPAC Over Report of Nazis

“Trump says he doesn’t have the cash that both he and Habba told everyone he had, and that ‘properties would have to be sold’ to come up with the money,” Filipkowski adds.

He sums up the situation: “Trump under oath in his deposition: I’m worth at least $10 billion, I have over $3 billion in tangible assets, I have $400 million in cash. Trump to appellate court: I can come up with $100 million and I need more time to sell stuff to come up with the rest.”

Indeed, The New York Times reported earlier this month, “Mr. Trump claimed under oath last year that he was sitting on more than $400 million in cash.”

New York Attorney General Letitia James was quick to urge the court to deny Trump’s offer of $100 million, or, as Just Security’s Adam Klasfeld reports, “to deny Trump’s application to pause enforcement of the judgment pending appeal, including the disgorgement, monitoring, and loan prohibition.”

“Defendants all but concede that Mr. Trump has insufficient liquid assets to satisfy the judgment amount; defendants would need ‘to raise capital’ to do so,” James writes, as Klasfeld notes.

READ MORE: ‘Conspiring With Putin’: Democratic Congressman Brings the Hammer Down on Jim Jordan

Klasfeld points to this section of Trump’s motion that reads: “In the absence of a stay on the terms herein outlined, properties would likely need to be sold to raise capital under exigent circumstances, and there would be no way to recover any property sold following a successful appeal and no means to recover the resulting financial losses from the Attorney General.”

In other words, Trump’s attorneys are saying he would have to sell assets, or properties, at less than market value, and should he win his appeal, he would have no means to be compensated for the difference in value.

“Trump has less than 30 days to post the money to prevent the New York attorney general’s office from taking steps to execute the judgment, including potentially move to seize properties,” CNN adds. “It is not yet clear how he plans to cover the payment.”

Watch the video above or at this link.

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