In an op-ed for RealClearMarkets, Alison Acosta Winters, managing director of research and policy at the Charles Koch Institute, writes about the good and the bad of President Trump’s proposed budget:
President Trump’s “skinny” budget was released last week and you’d think the world has already ended because it includes cuts to a number of agencies. Typically, a president proposes a comprehensive, detailed budget thousands of pages long. But that’s a monumental task just weeks after assuming office, so new presidents present a smaller budget followed by the more detailed one later.
Trump’s “skinny” budget, though, is briefer than usual because it only deals with the small part of spending the Washington crowd refers to as “discretionary” spending. Before thinking that the world is ending, let’s take a step back and look at it as part of the whole budget picture.