Published: Thu, February 13, 2020
Health Care | By Cedric Leonard

Pentagon budget includes more spending on nuke arsenal, less on shipbuilding

Pentagon budget includes more spending on nuke arsenal, less on shipbuilding

"We're not touching Medicare, we want to keep Medicare, we're not touching Social Security, we're making our country stronger again, we're not decreasing Medicaid, but we're doing a lot of things that are very good, including waste and fraud".

Trump's 2021 budget also proposed 150 million USA dollars for the creation of a US uranium reserve as the administration seeks to help struggling producers of the fuel for nuclear power reactors. Trump's advisers vowed to eliminate the deficit by 2028, but it has only grown instead.

Growth has continued to decline under Trump, falling to 2.3% in 2019 - the weakest GDP growth since he took office. The budget runs a $1 trillion deficit, but it cuts spending over $4.4 trillion in spending over a decade and aims to balance the balance in 15 years if growth continues at 3 percent. The $30.5 trillion gross federal debt anticipated by 2030 - up from $22.7 trillion this fiscal year - would represent 84.6% of gross domestic product, down from 106.9% this year.

The Trump administration has submitted to Congress its 2021 budget proposal, a $4.8tn plan which has no chance of passing into law and is instead a purely political exercise, created to put daylight between the Republican president and whichever Democratic candidate he will face at the polls in November.

Any administration proposes spending under a best-case scenario.

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John Yarmuth, the Democratic chair of the House budget committee, said the budget included "destructive changes ... while extending [Trump's] tax cuts for millionaires and wealthy corporations". It includes billions more for defense and a mission to Mars alongside deep proposed cuts to foreign aid and environmental protection and new restrictions on social welfare programs.

"He is going after crucial financing for schooling and SNAP advantages while assigning financing for his unnecessary boundary wall and placing our national security in danger with enormous cuts to funds for global aid and diplomacy", Mr. Perez said.

Sen. Jeff Merkley, D-Ore., who sits on the Appropriations Committee, called out Trump for falsely claiming that he would not seek to cut vital health programs. "So, it's not surprising that President Trump has avoided such details", Larry Levitt, executive vice president for health policy at the nonpartisan Kaiser Family Foundation, tweeted. "With this budget, his promises not to cut Medicare and Medicaid lie shattered on the ground".

"By proposing severe cuts to Medicaid and Medicare, President Trump's latest budget is simply a continuation of his war to rip away health care from millions", he said.

Buried in the tables for the budget, as well, are figures that show the cuts as even more severe - $920 billion over 10 years, according the The Hill. "Less than a week after promising to protect families' healthcare in his State of the Union address, the president is now brazenly inflicting savage multi-billion-dollar cuts to Medicare and Medicaid - at the same time that he is fighting in federal court to destroy protections for people with pre-existing conditions and dismantle every other protection and benefit of the Affordable Care Act".

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