Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Trump's budget balloons deficits, cuts social safety net

 

February 13, 2018



WASHINGTON (AP) — President Donald Trump unveiled a $4.4 trillion budget plan Monday that envisions steep cuts to America’s social safety net but mounting spending on the military, formally retreating from last year’s promises to balance the federal budget.

The president’s spending outline for the first time acknowledges that the Republican tax overhaul passed last year would add billions to the deficit and not “pay for itself” as Trump and his Republican allies asserted. If enacted as proposed, though no presidential budget ever is, the plan would establish an era of $1 trillion-plus yearly deficits.

https://www.twincities.com/2018/02/12/trumps-4-trillion-budget-helps-move-deficit-sharply-higher/

 

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