Trump proposes $4.8 trillion election-year budget

Jul 2019
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pretty bold move to give Dems talking points for the election by cutting medicare/caid and other social programs.

edit: sorry here's the text from the article

The White House on Monday proposed a $4.8 trillion election-year budget that would slash major domestic and safety net programs, setting up a stark contrast with President Trump’s rivals as voting gets under way in the Democratic presidential primary.
The budget would cut Medicaid and the Children’s Health Insurance Program and also wring savings from Medicare despite Trump’s repeated promises to safeguard Medicare and Social Security.
It takes aim at domestic spending with cuts that are sure to be rejected by Congress, including slashing the Environmental Protection Agency budget by 26.5 percent over the next year, and cutting the budget of the Health and Human Services department by 9 percent. HHS includes the National Institutes of Health and the Centers for Disease Control and Protection, which will see a budget cut even as the coronavirus spreads -- although officials said funding aimed at combating the coronavirus would be protected

The budget is a proposal to Congress, and lawmakers have mostly rejected the White House’s proposed cuts in the past. Still, the budget plan sets up the Trump administration’s policy priorities heading into the November elections and are likely to draw scrutiny in Washington and on the campaign trail.
It would target the Education Department is for a nearly 8 percent cut, the Interior Department would be cut 13.4 percent, and the Housing and Urban Development department would be cut 15.2 percent. The State Department and U.S. Agency for International Development would be cut by 22 percent.
The proposed cuts stand in contrast to proposals by major Democratic candidates to expand environmental, education and health care spending, setting up a clash between Trump and his 2020 rivals over their major campaign priorities.


Not all agencies would face cuts, though. Trump proposes to increase spending for the Department of Homeland Security, while keeping Pentagon spending mostly flat. The National Aeronautics and Space Administration budget would increase by 12 percent as Trump has said he wants the agency to prepare for space travel to Mars.
Even with all the proposed spending cuts, the budget would fail to eliminate the federal deficit over the next 10 years, missing a longtime GOP fiscal target. Instead, White House officials plan to say their budget proposal would close the deficit by 2035.
But it would only achieve this if the economy grows at an unprecedented, sustained 3 percent clip through 2025, levels the administration has failed to achieve for even one year so far. The U.S. economy grew 2.3 percent in 2019, the weakest level since Trump took office.


During Trump’s first year in office, his advisers said their budget plan would eliminate the deficit by around 2028. This new budget will mark the third consecutive time that they abandon that 10-year goal and instead suggest a 15-year target.
This new trend shows how little progress the White House is making in dealing with ballooning government debt, something GOP party leaders had made a top goal during the Obama administration. Trump’s first budget projected the deficit in 2021 would be $456 billion. Instead, it is projected to be more than double that amount.
Trump has shown little interest in dealing with the deficit and debt, though some GOP leaders say it remains a priority. The $4.8 trillion budget for 2021 would represent a $700 billion surge over levels from 2018.

White House officials have blamed congressional Democrats for inaction on the federal deficit. However, Trump has agreed to increase spending throughout the government because it was the condition on which Democrats accepted a higher military budget.
 
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Jul 2019
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Georgia
the epidemic response budget is being slashed by 1 trillion,

great timing, considering the wuhan virus epidemic
 
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Feb 2018
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yep. I bet at least 90% of the clown brigade that attends his rallies are on some type of medical assistance.
And public assistance. Ignorance reigns among them, and ignorance doesn't usually provide well for retirement needs, either.
 
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Feb 2018
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