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| Donald Trump |
Completely turning “conservatism” on its head, President Trump has submitted a budget to Congress which would add $984 billion to the federal deficit next year and would increase the federal deficit over the next 10 years by $7 trillion.
From The New York Times:
President Trump on Monday sent Congress a $4.4 trillion budget with steep cuts in domestic programs and entitlements, including Medicare, and large increases for the military, envisioning deficits totaling at least $7.1 trillion over the next decade.
The blueprint, which has little to no chance of being enacted as written, amounts to a vision statement by Mr. Trump, whose plan discards longtime Republican orthodoxy about balancing the budget, instead embracing last year’s $1.5 trillion tax cut and new spending on a major infrastructure initiative.
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