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Court Affirms Trump’s Authority to Cut Spending: A Positive Development
Any president of any organization should have the authority to reduce budgeted spending when warranted. Trump should be able to do the same.
The American taxpayers are facing a serious challenge. The officials we elected to manage the trillions of dollars that taxpayers contribute to the federal government annually have collectively overspent by more than $37 trillion. To stop this problem from worsening, the annual budget must be balanced. That means large cuts to government spending.
However, Congress has consistently resisted spending cuts. President Trump tried to cut government spending on his own. Those opposed to his spending cuts sought orders from the court, essentially forcing Trump to spend money where it may not be needed.
He was forced to comply until now, as the Supreme Court has affirmed that President Trump can indeed refrain from spending money that Congress has authorized.
To balance the budget, government spending must be reduced by $2 trillion annually. This is essential to prevent the huge and burdensome public debt from growing. While tax revenues will naturally increase, this increase will not come from higher tax rates, but from low tax rates that add growth to taxable income.
