- President Donald Trump released his fiscal year 2019 budget on Monday.
- The budget contains proposed reversals on some of Trump's long-held promises.
- For example, it includes cuts to Medicare despite Trump saying he would not cut the program.
- The budget has even less sway than usual, since Congress already agreed to a two-year budget plan last week.
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Trump's budget bears no relationship to reality, but it contains some key departures from his biggest promises
President Donald Trump released his fiscal year 2019 budget on Monday and it includes big cuts to social programs like Medicare.
President Donald Trump unveiled his newest budget proposal on Monday, one that will have little sway in Congress but features some notable departures from some of his longest-held promises.
The budget has no chance of being enacted into law, since Congress just las week agreed to the outline of a two-year spending plan. But some notable aspects of the plan that that reveal the administration's priorities.
For one, the budget would maintain a deficit despite Trump's campaign-era promise to eliminate the shortfalls. Over a 10-year period, the budget would lead to a deficit of just over $7 trillion, a reversal from Trump's plan last year that showed a balanced budget.
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Additionally, the budget contains cuts to funding for Medicare and other social safety net programs. During the presidential campaign, Trump repeatedly promised not to cut funding to these programs.
While Medicare's funding would increase, its growth would be slower than current projections for the program, which helps the disabled and elderly access healthcare. In total, the budget aims to reduce costs by $237 billion.
In total, social programs would see a $1.7 trillion cut, while defense spending would jump by $74 billion from the current baseline.
Several budget outlays do coincide with Trump's policy goals — including $18 billion for a wall along the border with Mexico and $5 billion to combat the opioid crisis.
The budget also includes funding for the separate infrastructure proposal that was also released by the White House on Monday.
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Some other highlights from the budget:
- failed to earn enough support for a vote in the Senate
In the end, said Chris Kreuger, an analysts at Cowen Washington Research Group, the budget represents little more than political showmanship for the White House.
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