President Donald Trump’s budget request for the 2020 fiscal year includes a record $4.75 trillion in spending that would see the military get a boost while education, environmental protection and other domestic programs would see significant cuts.
The New York Times reported on Monday that Trump’s budget is the largest in federal history and would grant a 5 percent increase in military spending and another $8.6 billion for his long-promised wall on the southern U.S. border.
On the flipside, the budget entails $1.9 billion to social safety net programs such as Medicaid, as well as “new work requirements for working-age adult recipients of supplemental nutrition assistance, federal housing support and Medicaid, a move the administration said would reduce spending on those programs by $327 billion.”
A 5 percent reduction in nondefense discretionary spending is also included, the Times said, which would come from programs at such agencies as the Environmental Protection Agency.
Also on the chopping block would be foreign aid, international cultural exchange programs and federal employee retirement plans.
However, efforts to combat the opioid epidemic, veteran healthcare spending, a new school-choice program, infrastructure spending, and efforts to reduce prescription drug costs would all see an increase under Trump’s latest budget proposal.
Despite Trump’s campaign promise to eliminate the entire national debt within two terms, his current proposal would not balance for 15 years, the Times said, and “forecasts trillion-dollar deficits for four straight years, starting in 2019.”
The Times noted that the budget proposal is more “a declaration of Mr. Trump’s re-election campaign priorities than it is a guide to spending decisions in Washington this year,” adding that it is unlikely to have any impact on actual spending levels dictated by Congress.