Worthy Christian News » US News » Trump's budget will propose cutting $3 trillion, set goal of reducing the debt rather than balancing the budget
Trump's budget will propose cutting $3 trillion, set goal of reducing the debt rather than balancing the budget
(Worthy News) - President Trump’s second budget will cut $3 trillion in spending over the next 10 years, White House officials indicated Sunday night, but won’t be balanced.
Instead of balancing the budget, the Trump administration will tout lowering the debt relative to the economy in its budget document, to be released Monday.
“As a nation, we face difficult times – challenged by a crumbling infrastructure, growing deficits, rogue nations, and irresponsible Washington spending,” Office of Management and Director Mick Mulvaney said in a statement Sunday evening. “Through this budget proposal, it is clear that the President and this Administration are determined to reverse these trends, and ensure greater prosperity for the hard-working American taxpayer.” [ Source: Washington Examiner (Read More...) ]