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March 16th The Discretionary Spending Budget News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - FOXNEWS - 20170305:15:10:00

other spending priorities? actually infrastructurial will come as part of larger pact in the summer time. the priorities in this budget are defense, homeland security, law enforcement, you ll see increase to the proposed budget for the department of justice to enforce laws that are already in the books and things like school choice and those were priorities in the campaign, they ll be priorities in this budget. maria: you re comfortable with increase of $54 billion in defense despite what we heard from general jack keane, you believe america is safe in case of potential attack or anything else? do i. it put it is military in a solid footing to be able to do what we needed to do. maria: priorities that you would like to get tax reform by august; is that correct? i actually think it s before that. given the rules on capitol hill is that obamacare repeal and

Detailed text transcripts for TV channel - FOXNEWS - 20170305:15:07:00

says, domestic discretionary spending, what the administration proposes to cut to pay for increase in defense only accounts for 15% of spending and less than 5% of spending growth. it s really social security and health spending on the other hand accounting for half of total spending and almost two-thirds of spending growth over the next decade. this is not different than what you ve been saying that we need to take an ax to the entitlement programs. any opportunity to do that in this budget? sure, i have a lot of respect for that organization. this is a budget blueprint not a full budget. the full budget won t be here until may, that s where we deal with things like policy changes, revenue streams, that s what most people think is the larger budget but we will be introducing on march 16th the discretionary spending budget. we are not balancing the budget on the backs of the state department. it s fiscally impossible to do. what we have done is move foreign aid to defense so we can

Detailed text transcripts for TV channel - FOXNEWS - 20170305:15:06:00

commitment to move money within our current budget to prioritize defense. he s doing it, this $54 billion of additional spending for the military without adding to the already large 2018 budget. that s exactly what he said he would be do. maria: how important to you and your colleagues to becoming revenue neutral, how important is it for you to raise revenue at a time when you aren t going to be cutting other things in the cuts for domestic spending, where are they specifically? exactly where the president said they would be when he ran for office, we are taking moving money away from foreign aid, duplicative programs, wasteful programs, a long list of programs that the omb that we think don t work and that create that is source of funds that we could then move over to defense, to border enforcement, to educational choice and, again accomplish what the president said when he campaigned. maria: i want to read you a statement in committee, she

Detailed text transcripts for TV channel - FOXNEWS - 20170305:15:11:00

replace has to go first then we will move into a discussion about tax reform, then we will have a discussion about infrastructure package. maria: in terms of that budget, defense spending is that the biggest allocator in terms of increases in spending? sure, it usually is, the defense budget takes about half of a discretionary budget. we can probably do an hour of federal budgeting but we actually only budget a quarter of what we spend. we spend about $4 trillion, three quarters of that is mandatory spending on social security, medicare, et cetera. the discretionary budget about $1 trillion or a quarter of what we spend is what we actually budget through out of the white house through the house and the senate. maria: mick mulvaney, thanks so much for walking it through with us, we will watching for budget. maria, next time can we do in the studio? i love that. that would be great. mick mulvaney, good to see you, sir. the white house demanding action

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