Trump's budget is $2.7T in spending cuts, promises to erase deficit in 15 years

Dems say it's a no starter...

GOP just laughs.

quote:

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President Trump will unveil his fiscal 2020 budget request to Congress on Monday which calls for $2.7 trillion in spending cuts and balances in 15 years, according to the White House budget office.

The budget from the White House is the first the president will send to a divided Congress, and the proposal is likely to face fierce opposition from the new Democrat-controlled House.

Budget Director Russ Vought said in a statement. “The budget that we have presented to Congress and the American people, ‘A Budget for a Better America,’ embodies fiscal responsibility, and takes aim at Washington’s waste, fraud, and abuse.”

The 2020 budget, Vought added, “will balance in 15 years, end runaway spending, and secure prosperity for future generations.”

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-The budget would increase military spending by 4.7%, up to $750 billion, primarily set to be spent on the "strategic" rivalry with Russia and China. It also mentions countering North Korea and Iran.

-Foreign aid will be reduced by $13 billion

-The proposed budget also aims to cut spending on "Obamacare" and Medicaid. The latter will be limited to helping low-income citizens and the total amount of money spent on Medicaid will be strictly restricted.

- Obamacare will be replaced by grants subsidising health insurance that will be allocated among the states. Both programmes will be transferred to the states in 2021 and the increase in federal spending on them will be tied to the general level of inflation