ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Trump's 2021 Budget: Military Spending (Still) a Priority

Updated on February 12, 2020
 The total value of the budget project is $ 4.8 trillion (AP)
The total value of the budget project is $ 4.8 trillion (AP)

“With a national debt of more than $ 20 trillion, it is time to reverse the trend of increasing government spending. The president’s federal budget is obligated to exercise restraint alongside giving priority to funding to rebuild our national defense and strengthen America’s borders. ”This definition on the White House website, in the budget section, reflects the spending priorities of Donald Trump’s administration in boosting military expenditures, which he has maintained since taking office The presidency. The administration appears to have abandoned a goal Republicans have long sought: to plug the federal budget deficit within a decade. And because that seems inaccessible, the new budget bill embraced the payment of the deficit, which was aggravated by measures to stimulate growth such as reducing corporate taxes and easing tax burdens on the affluent classes, by 2035 instead of 2030.

The Trump administration revealed the fiscal year 2021 budget project (October - September) with a total value of $ 4.8 trillion, which includes an increase in military expenditures for the benefit of the Ministry of Homeland Security and the Trump Space Forces initiative, while keeping the "Pentagon" budget unchanged (738 billion). ), In exchange for a massive cut in expenditures for the State Department and its "USAID" arm, health care and food programs. A draft whose chances of approval as it stands are slim, as Congress, as the authorized body of the Federal Budget Approval, is studying the bill before it is approved

Despite his pledge, on Saturday, not to prejudice the health care budget, Trump proposes to cut the expenses of the Medicare and Children's Health Insurance Schemes, which would cause millions of people to lose health care coverage. In the framework, the project includes reducing the budget of the "Environmental Protection Agency" by 26.5% next year, in addition to reducing the expenditures of the Ministry of Health by 9%, which includes the National Institutes of Health and the Centers for Disease Control and Protection, which will witness a reduction in the spread of the Corona virus. The reductions also affect the Ministry of Education (8%), the Ministry of Interior (13.4%), and the Ministry of Housing (15.2%). As for the largest share of the deductions, it will be allocated to the “State Department” and “USAID” by 22%. In exchange for these cuts, the project proposes to increase the expenditures of the Department of Homeland Security, while keeping the Pentagon spending steady, and increasing the budget of the American Space Agency (NASA) by 12%. It also provides for spending two billion dollars to continue building the border wall between the United States and Mexico, including parts of a length of 645 new kilometers that will be built at the end of this year.

The budget will fail to eliminate the federal deficit by 2030

Despite the proposed cuts in spending, the budget will fail to eliminate the federal deficit over the next ten years, which puts a key Republican target again missing. But the budget bill set a new goal that ends the deficit by 2035. A goal that remains unachievable unless the US economy grows at an unprecedented rate (it grew by 2.3% in 2019, the weakest since Trump took office). In his first year, the president's advisors indicated that their budget plan would eliminate the deficit by 2028, but the third consecutive budget gave up the ten-year goal, and instead proposed a 15-year goal. This new trend shows the little progress the White House is making in dealing with government debt inflation. While the President’s first budget expected that the budget deficit of 2021 would reach about 456 billion, it is estimated that the deficit will rise to about one trillion dollars for the first time since 2012, as the budget for the new fiscal year represents an increase of 700 billion compared to the levels of 2018.

Speaking to state governors at the White House, Trump said his budget project would reduce the deficit soon to zero, by reducing "waste and fraud". The White House has blamed its Democratic opponents in Congress for their failure to do so. However, Trump agreed to increase spending across the government because it was the condition under which Democrats accepted the approval of the largest US military budget. The budget seeks to demand victories in key issues that concern Trump voters: developing the economy and fighting immigration. In the first lines of the budget presentation, the US president says: “During the past three years, my government has worked tirelessly to restore America’s economic power. We ended the war on American workers and stopped the attack on American industry, and launched an economic boom that we had not seen before”.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://maven.io/company/pages/privacy

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)