Trump proposes $54 billion hike in military spending
US President Donald Trump’s first budget proposal includes a substantial $54 billion dollar increase in defence spending, with corresponding cuts in foreign assistance and other non-military spending.
The nearly four trillion dollar annual federal budget is a declaration of intent that puts the president’s policy goals down in black and white.
It also separates affordable campaign promises from the fanciful and is the final arbitrator after turf wars between departments and powerful interest groups.
Trump has promised to cut waste and duplication in federal spending.
US president after US president has made similar promises on coming to office, before delving into a text that runs to thousands of pages and tossing the plan into the thicket of Congress.
Trump has oodles of campaign promises to pay for, but faces a national debt set to hit $20 trillion on his watch and a deficit at 3.1 percent of GDP and rising.
Trump’s promises – from building a wall on the Mexican border to stepping-up the deportation of undocumented immigrants – carry an estimated price tag of $5.3 trillion, according to the non-partisan Committee for a Responsible Federal Budget.
(FRANCE 24 with AFP)