Trump budget calls for return to 'fiscal sanity'

Trump budget calls for return to 'fiscal sanity'

Trump budget calls for return to 'fiscal sanity'

President Donald Trump will propose a US budget that wouldn't balance for 15 years, even assuming stronger economic growth than private forecasters expect and with deep domestic spending cuts that have little chance of passing Congress.

President Donald Trump on Monday told Congress to slash funding for foreign aid and the State Department and increase spending for the military and the wall he wants to build on the U.S. -Mexico border in his 2020 budget, the opening move in his next funding fight with Congress.

Still, the White House is highlighting Trump's desire to build 722 miles of barriers along the border as a way to combat drugs and crime with the allocation in the document outlining his preferred fiscal year 2020 spending. The budget plan will also assume continued robust economic growth in the U.S.

In Trump's annual budget request to Congress, he will request $5 billion in funding for the Department of Homeland Security to continue building sections of a wall along the Mexico border, three people briefed on the request said.

The spending plan calls for a cut of almost $1.5 trillion in Medicaid over 10 years and for $1.2 trillion to be added for a new "Market Based Health Care Grant" - that is, the block grants that would start in 2021. The partisan fights surrounding the issue led to a 35-day partial government shutdown - the longest in US history - that stretched from the end of 2018 and into January. It would also increase resources to fight the opioid epidemic with money for prevention, treatment, research and recovery, the administration said.

The request would more than double the $8.1 billion already potentially available to the president after he declared a national emergency at the border in order to circumvent Congress once lawmakers refused his funding demands.

The President's proposal would expand the federal budget deficit to $USD1.1 trillion in the next fiscal year, while also calling for balancing the budget by 2034 by assuming the economy will be able to grow faster than most economists anticipate. "We hope he learned his lesson".

"We do have an $8.6 billion request to Congress to complete the wall".

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"President Trump hurt millions of Americans and caused widespread chaos when he recklessly shut down the government to try to get his expensive and ineffective wall", they said in a joint statement on Sunday. Reuters first reported the $8.6 billion figure.

The new budget will again put pressure on the Democrats, who control the House and are certain to resist the funding request. However, this year's document stands a greater chance of being ignored given many of its provisions would be of concern to vulnerable Republicans anxious about the political fallout in 2020 from cuts to welfare, such as a proposed $US845 billion reduction in Medicare for elderly Americans. The House has already voted to revoke the emergency, and the Senate is likely to do the same this week.

"Without a renewed commitment to addressing the needs of our interstates, the system will become even more congested, more expensive to fix, and less safe - hindering our economic competitiveness and quality of life", the White House said in the budget documents.

The request will come as part of a broader proposal that would call for major spending cuts across a range of domestic government programs while seeking a large increase for the Pentagon.

With Democrats in charge of the House, Trump's grand plan has no chance of being enacted.

Still, according to Trump's budget, the spending cuts would do little to reduce what is shaping up to be a colossal deficit in the next several years. Other economic experts disagree that growth will be that high, with many predicting slow growth. That would provide a majority for overturning the declaration, and Trump would then be expected to veto the bill, his first use of presidential veto power.

But he said Trump "is going to stay with his wall".

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