WH: Budget to Be Released Monday Will ‘Move Us Toward a Path of Restoring Fiscal Responsibility’

By Melanie Arter | February 8, 2018 | 9:04pm EST
White House Deputy Press Secretary Raj Shah (Screenshot of White House video)

(CNSNews.com) - The $296 billion plus spending compromise agreed to by Senate leaders Thursday grows the size of government by 13 percent, a fact that the House Freedom Caucus criticized as adding to the swamp instead of draining it.

According to the Committee for a Responsible Federal Budget, the budget deal will add $300 to $400 billion to the deficit and “would set the stage for more than $1.5 trillion of new debt over the next decade.

When asked whether President Donald Trump was concerned about all of the spending and what the plan is to pay for it, the White House said Thursday that the president “is concerned about spending in Washington” and that “he’s expressed that for years.”

White House Deputy Press Secretary Raj Shah told reporters at the White House briefing that the administration supports “the two-year spending deal that is being discussed and voted on in the House and Senate.”

“You know, it lifts the caps on defense spending, which is something that the secretary of Defense, the president's generals have told him that they need to ensure that we rebuild our military and protect our national security,” Shah said.

“With respect to deficits, no. We're going to be releasing a budget on Monday. The budget does move us toward a path of restoring fiscal responsibility. It reduces our deficit by trillions of dollars,” he said.

“I'm not going to get more specific; you guys will get more on Monday, but it does incorporate these budget caps. It incorporates  the tax bill, incorporates our other priorities, so we do think that that budget will outline the path to our fiscal responsibility,” Shah added.

“You're still going to be running deficits at that point, and now you've got this $300 billion cap to raise. So is it just economic growth? Is that the only way that you do it?” a reporter asked.

“Economic growth is essential to cutting deficits and to restoring fiscal responsibility. Again, the budget will outline a lot more detail,” Shah said.

 

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