Trump budget would cut $4.4T in spending, boosting defense while slashing safety nets, foreign aid

[Voice of Reason 10,298]

Quote

The White House on Sunday unveiled a $4.8 trillion budget proposal that would slash spending dramatically on foreign aid and social safety nets, while including $2 billion for a southern border wall and substantially boosting funding to NASA, the Department of Veterans Affairs and the Department of Homeland Security.

 

Fox News has confirmed the details of the budget, which The Wall Street Journal first reported. The package, set to be formally announced on Monday, as-is stood little chance of passage in the House of Representatives, which the Democrats have controlled. Still, it served as a signal of the president's priorities as Republicans have aimed to retake the chamber in the 2020 elections.

 

The plan aims to eliminate the federal deficit -- or the difference between spending and revenue that is slated to exceed $1 trillion this year -- by 2035. In all, the White House is seeking to cut $4.4 trillion in federal spending over the next 10 years, including reductions in spending on food stamps and federal disability benefits through more stringent work and eligibility requirements.

 

https://www.foxnews.com/politics/trump-budget-foreign-aid-defense-border-wall-veterans-homeland-security

[Burnt Reynolds 5,058]

We'll see how it turns out. There's so much variability with budgets (along with bills that can easily add significant spending), there's no reason to trust either the Presidents submitted budget, nor the forecast budgets by the CBO in respect to the final outlays.

Edited February 10, 2020 by Burnt Reynolds