Trump Goes on a Spending Diet He promised no more Obama-size deficits. Can he lean on GOP lawmakers to deliver?By Kimberley A. Strassel
https://www.wsj.com/articles/trump-goes-on-a-spending-diet-1528413010
If the Trump White House has a congressional ally in its latest big objective, it’s Rep. Tom Graves. The Georgia Republican is an appropriator, though not a business-as-usual spender. That’s exactly the administration’s new message: We’re done with the usual.
With the economy reaping the fruits of tax cuts and regulatory reform, the Trump administration looks to be getting serious about a neglected campaign promise: spending restraint. Publicly, it’s laying out a strategy to roll back the bloat in last year’s omnibus. Privately, it’s letting Republicans know that the president won’t shy from taking his own party’s lawmakers to task for failure. He’ll have to, or risk flaming out on that crucial pledge.
Candidate Trump promised often to reduce the size of government. He vowed never to run an Obama-size deficit. His budgets have proposed dramatically slashing nondefense spending. Yet the tax cuts widened the deficit. And while Congress’s $1.3 trillion omnibus delivered on defense spending, Democrats demanded huge new outlays for domestic agencies. So Mr. Trump is presiding over trillion-dollar deficits after all.
Whether the president cares much about the economic consequences, he understands the optics. The shellacking the omnibus got from conservative media allies was behind his hesitation to sign the bill, and it inspired his public declaration that he’d “never sign another” like it. With tax cuts done, and his economic team gelling under spending hawk Larry Kudlow, the focus has turned to keeping the promise on spending.
Enter Mr. Graves, who has spent his three years on the House Appropriations Committee shaking up the system. His subcommittee on financial services two weeks ago passed a $23.4 billion fiscal 2019 spending bill—$585 million less than the set spending level. In order to prevent any other committee from swooping in to grab that money, he used the bill to create what he’s calling the Fund for America’s Kids and Grandkids. The $585 million goes in this fund and by law cannot be spent on any other government program until the U.S. is deficit-free. “Just because you can spend it, doesn’t mean you should,” Mr. Graves says. CONTINUE AT SITE
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