The following article by Damian Paletta and Erica Werner was posted on the Washington Post website February 12, 2018:
The White House’s spending priorities for 2018 renege on President Trump’s promises to lower the deficit and keep Medicare and Medicaid spending without cuts. (Video: Jenny Starrs/Photo: Jabin Botsford/The Washington Post)
The White House released a tax and spending plan Monday that would not eliminate the federal budget deficit after 10 years, its first public acknowledgment that large spending increases and the $1.5 trillion tax cut are putting severe pressure on the government’s debt.
The proposal, titled “Efficient, Effective, Accountable: An American Budget,” sets forth President Trump’s priorities as Congress prepares to consider spending bills for the next fiscal year. Continue reading “White House budget proposes increase to defense spending and cuts to safety net, but federal deficit would remain”