Staring down an ugly set of budgetary facts, with the deficit expected to hit $1.4 trillion this year and remain over $1 trillion every year for a decade, President Trump is about to unveil a budget that pares social programs.
The $4.8 trillion budget will increase military spending a modest 0.3% to $740.5 billion starting October 1, but will slash $4.4 trillion over 10 years from mandatory spending programs like food stamps and Medicaid. Trump will cut the spending by changing the eligibility rules.
The President is also expected to cut foreign aid by 21%.
The administration’s budget proposal is just the first salvo in the spending war, as the power of the purse lies with Congress, and more specifically, the House of Representatives. It’s unlikely the Democratic-controlled house will go along with the president’s budget.