Trump's $4.8 trillion budget plan will cut social security and foreign aid to build Mexican border wall
President Donald Trump, who recently saw the impeachment trial against him ending with his acquittal in the Senate, has found himself busy to promote his favorite ‘MAGA’ plan. On Sunday, he announced a massive $4.8 trillion budget proposal that will slash spending on foreign aid and social safety nets but will seek billions to complete a wall along the border with Mexico -- the plan he has been promoting since his pre-presidency days.
Trump’s proposal, which is scheduled to be unveiled on Monday, February 10, is an election-year summarization of many of the populist leader’s policy priorities that he has vowed to make operational since taking over in 2017.
The budget plan will seek $1B to conclude the construction of the controversial wall along the southern border of the US that the Republican commander-in-chief has demanded since his 2016 presidential campaign to stop illegal migrants from entering the American territory.
The proposal will also eye boosting of the funding for Nasa and the departments of veterans affairs and homeland security. The space agency would see its spending go up by 12 percent in the upcoming year. The additional funding would also be channelized towards Trump’s goal of returning to the moon by 2024 with the added aim of attempting a lunar launch of a manned spacecraft for Mars. Last year, he even went to the extent of authorizing a space command as a precursor to the eventual space force.
It is, however, unlikely that the budget plan will pass the Democrats-controlled House, reported Daily Mail.
Trump will only add to the national debt
A report in Bloomberg News said on February 10 that Trump’s budget showed the president was getting away from his promise to eliminate the national debt by the time he leaves the White House. It said the debt has already gone up to $3 trillion during his first three years in office and his plan would mean the addition of further debt till 2035.
Taking a dig at Republican incumbents, the report added: “Most Republican presidents have released budgets they say would balance the budget within a decade, though this is the third consecutive plan released by the White House that fails to reach that goal. Only once a budget is in surplus can the underlying debt be paid down.”