President Trump Departs The White House For North Carolina Event

Donald Trump Budget Slashes Medicare, Food Stamps, ‘Safety Net’ By $2 Trillion, But Boosts Military Spending

Jonathan Vankin - Author
By

Feb. 28 2020, Updated 7:49 a.m. ET

The new federal budget proposed by Donald Trump will increase spending on the military while slashing a whopping $2 trillion from social “safety net” programs such as Medicare, Medicaid, and food stamps over the next 10 years. The budget will also call for $2 billion in funds next year to build a wall along the United States border with Mexico, according to a Wall Street Journal report on Sunday.

The border wall funds would allow Trump to take a significant step toward fulfilling the central promise of his 2016 presidential campaign — to construct a wall along the southern border for the supposed purpose of keeping undocumented immigrants from crossing into U.S. territory.

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But in 2016, Trump also ran on a promise to eliminate the federal budget deficit within eight years of taking office — in other words, by the year 2025. The new budget, however, would not close the budget deficit until 2035, according to documents examined by The Washington Post.

In fact, according to the Post report, far from cutting down the budget deficit, Trump’s economic policies have had the effect of “ballooning” the deficit. The first budget submitted by Trump in his current term projected a deficit of $456 billion by 2021, according to The Post. Instead, the deficit will be more than double that amount–approximately $1 trillion.

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