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Catherine Rampell: Trump hates deficits. Unless they help rich people.

When they fund health care for poor people and children, training for workers, and infrastructure and other long-term investments in our economy.

That is the worldview of late of the Trump administration, based on the budget proposal it released Monday and recent comments from its chief budget honcho, Office of Management and Budget Director Mick Mulvaney (who also happens to be working part time dismantling the Consumer Financial Protection Bureau).

On “Fox News Sunday,” Mulvaney touted the virtues of the newly passed Republican tax cuts, which punched a $1.5 trillion-size hole in the budget over the coming decade.