Remember when he said he would eliminate the federal debt, or at least halve it, during his presidency? His new budget proposes to add another $3.4 trillion by 2024 to the debt on top of the $3 trillion Trump has already added, by piling on $1-trillion-a-year budget deficits during a peacetime expansion. Under Trump’s latest plans, the debt would keep mushrooming until at least 2035 — by his administration’s own rosy projections.
Recall his repeated promises not to “touch” Social Security and Medicare? Even as the elderly population swells, his budget calls for removing half a trillion dollars of funding from the Medicare program over 10 years, including $135 billion from Medicaid.program over 10 years, including $135 billion from Medicare prescription drugs, and tens of billions from the Social Security program.
He promised not to touch Medicaid, either. Now he wants to cut it by $920 billion.
He was going to give Americans health care “much better” than Obamacare. But he has proposed no such thing and now his budget calls for cutting spending on the program by $844 billion.
Fraud.
Remember his vows that his tax cuts would grow the economy by 4 percent, 5 percent or even 6 percent? Last year it grew at 2.3 percent, and his new budget, even with the rosiest of assumptions, projects 2.8 percent for this year. Yet the budget would also devote another $1.4 trillion to extending those tax cuts, primarily for the rich.
