Once again, the financial fears have been ratcheted up due to recent announcements by the U.S. Treasury Secretary, Steven Mnuchin, and the Congressional Budget Office (CBO) that by the middle of March 2018 the Federal government will have run out of room to continue borrowing due to the official debt ceiling.
Anyone reading the news and especially the political “liberal” and conservative commentaries might easily conclude that he is living in a world of two parallel political universes.
President Trump has issued his preliminary federal budget proposal looking to next 2018 fiscal year. What it shows very clearly is that there will likely be no attempt to reduce the size and cost of most of the American interventionist-welfare state.
The Federal Communications Commission (FCC) describes itself thus: “An independent U.S. government agency overseen by Congress.” Under the Barack Obama Administration, it has been none of these things.