Trump to whack DC with 10% cut to discretionary spending, 20% cut to personnel
What a crock that turned out to be.
Federal employment is exactly in Feb 2019 where it was in Nov 2016: 2.799 million.
And outlays? Look at the outlays!
Outlays in fiscal 2017 were up 3.3% from 2016, up another 4.8% in 2018, and up again in fiscal 2019 a whopping 5.6%.
Overall for fiscal 2019 spending is up 14.4% from 2016.
Just in time for the next election cycle, however, Larry Kudlow is out promising a spending cut of 5%.
Total BS.
