Budget, FY 2019: The Era of Trump Deficits Has Begun - NBC 10 Philadelphia
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President Donald Trump

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Budget, FY 2019: The Era of Trump Deficits Has Begun

Some conservatives have lashed out over the new spending on the domestic programs while others see the spending justification for a massive restructuring of entitlements like Medicare, Medicaid and Social Security

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    NEWSLETTERS

    Trump's 2019 Budget Boosts Defense, Slashes Safety Nets

    Proposed 2019 budget includes increases in military spending, but sharp cuts to social programs. (Published Tuesday, Feb. 13, 2018)

    The Trump administration has released the 2019 fiscal budget, a likely dead-on-arrival political blueprints for how the president thinks Washington should raise and spend money, NBC News reported. 

    According to Trump's budget office, the return of annual deficits in the trillion-dollar range as a result of the recently passed $1.7 trillion tax cut means a total debt increase of about $7.1 trillion over the next decade.

    Some conservatives have lashed out over the new spending on the domestic programs while others see the spending justification for a massive restructuring of entitlements like Medicare, Medicaid and Social Security, NBC News reported. 

    Congress funds the Pentagon and the State Department out of annual discretionary funds. But entitlement funding is paid out by law on the basis of eligibility of the applicant. It costs the government every time a person signs up and becomes eligible for the safety net programs. 

    Trump: 'Nobody Has Ever Been More Transparent Than I Have'

    [NATL] Trump: 'Nobody Has Ever Been More Transparent Than I Have'

    President Donald Trump continued to decry the Russia investigation as a “hoax” Wednesday, and said his team has fully cooperated with Mueller’s investigators. “Nobody has ever been more transparent than I have,” Trump claimed during a joint press conference on trade and North Korea with Japan’s Prime Minister Shinzo Abe Wednesday. Trump also said months of speculation that he would fire special counsel Robert Mueller and Deputy Attorney General Rod Rosenstein had proven wrong.

    (Published Wednesday, April 18, 2018)