Trump's $4.8 trillion budget includes NO cuts to Medicare and Social Security
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Trump has revelaed his massive $4.8 trillion budget with a goal to balance the budget over the course of 15 years. There are cuts to numerous programs, such as Medicaid and other social programs, but some of the biggest concerns revolved around Medicare and Social Security - both had people worried they would see cuts.
However, the budget revelation shows that both Medicare and Social Security were left alone.
The election-year proposal includes cuts to Medicaid and other social safety programs but would leave Medicare and Social Security untouched. In all, the proposal is projected to result in a $4.6 trillion in deficit reduction over the next decade.
While the national deficit has grown under President Trump, in part due to the president’s tax cuts and a two-year budget deal that increased spending, Vought touted the proposal as fiscally responsible and sought to shift blame to Congress for the deficit.
“It balances the budget in 15 years, has more deficit reduction, 4.6 trillion, than any president's budget in history,” Vought said in an interview with Fox News. “It continues to do everything we can to deal with the trillion dollar deficits that we're seeing as a result of Congress ignoring the president's spending reductions over the first three years. We continue to grow the economy at three percent." (ABC News)