Donald Trump presidential campaign, 2016/Budgets

Donald Trump announced his presidential run on June 16, 2015.

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The overview of the issue below was current as of the 2016 election.
When Gallup asked Americans to name the "most important problem facing the country" in February 2016, 17 percent said the economy. Just six percent named the federal budget deficit as the country's most important problem. Americans ranked the deficit below the problems of government, immigration, jobs, national security, and terrorism in that survey. At its peak in 2013, 72 percent of Americans said reducing the deficit was a top priority. Indeed, only the economy and jobs ranked higher in priority. Priorities shifted during President Obama's second term. In 2016, 56 percent of Americans said that shrinking the deficit should be a top priority for the next president and Congress.

See what Donald Trump and the Republican Party Platform said about budgets.

CANDIDATE SUMMARY

Trump opposed the Federal Reserve’s economic stimulus efforts and raising the debt ceiling.

Trump on budgets

• Donald Trump accused the Federal Reserve of releasing false numbers to stimulate the economy in 2012. Trump warned against inflation and claimed "the stimulus many people would say is the worst thing that can happen."

• In 2012, Trump opposed Representative Paul Ryan's budget plan, calling it "catastrophic."

• In an interview on CNBC, Trump criticized negotiations in Congress to increase the debt ceiling in 2011, saying, "Eventually you have to balance the budget. This is a long way from balancing the budget. This is just a joke. This is a down payment at most."

• Read what other presidential candidates said about budgets.

The 2016 Republican Party Platform on budgets

“ Balancing the Budget The federal fiscal burden threatens the security, liberty, and independence of our nation. The current Administration’s refusal to work with Republicans took our national debt from $10 trillion to nearly $19 trillion today. Left unchecked, it will hit $30 trillion by 2026. At the same time, the Administration’s policies systematically crippled economic growth and job creation, driving up government costs and driving down revenues. When Congressional Republicans tried to reverse course, the Administration manufactured fiscal crises — phony government shutdowns — to demand excessive spending. The Administration’s demands have focused on significantly expanding government spending and benefits for its preferred groups, paid for through loans that our children and grandchildren will have to pay. This is the path to bankrupting the next generation. The Republican path to fiscal sanity and economic expansion begins with a constitutional requirement for a federal balanced budget. We will fight for Congress to adopt, and for the states to ratify, a Balanced Budget Amendment which imposes a cap limiting spending to the appropriate historical average percentage of our nation’s gross domestic product while requiring a super-majority for any tax increase, with exceptions only for war or legitimate emergencies. Only a constitutional safeguard such as this can prevent deficits from mounting to government default. Republican budgets will prioritize thrift over extravagance and put taxpayers first. We support the following test: Is a particular expenditure within the constitutional scope of the federal government? If not, stop it. Has it been effective in the past and is it still absolutely necessary? If not, end it. Is it so important as to justify borrowing, especially foreign borrowing, to fund it? If not, kill it. Supporting Our Troops: Resources to do Their Job We owe it to the American people and to those who fight our wars that we remain the strongest military on earth and be prepared to defeat any adversary under any circumstances on any battlefield, including land, air, sea, or cyber. Successive years of cuts to our defense budget have put an undue strain on our men and women in uniform. This is especially harmful at a time when we are asking our military to do more in an increasingly dangerous world. The U.S. defense budget has suffered a 25 percent cut in real dollars in the five years since sequestration. We support lifting the budget cap for defense and reject the efforts of Democrats to hold the military’s budget hostage for their domestic agenda. Congress and the Administration should work together to approve military spending at the level necessary to defend our country. We must not be encumbered by decadesold, legacy procurement processes. America’s incredible talent and ingenuity must be unleashed by modernizing the military procurement system and embracing competition among traditional and non-traditional suppliers. Competitive acquisition and maintenance of weapon systems, including the sustainment and support of such systems, will benefit the U.S. economy, U.S. taxpayers, and most important, the American warfighter. Increased competition will enable new Department of Defense suppliers, particularly small businesses, to participate in the defense sector. That will promote new demand for skilled-labor jobs, while making the Department’s procurement more cost-efficient. The increased agility and effectiveness will ensure that our troops are equipped with the right resources more quickly than our current procurement systems allow. ” —2016 Republican Party Platform

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See also

• Donald Trump
• Donald Trump presidential campaign, 2016