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Trump’s 2020 Budget Promises to Cut Spending and Eliminate the Deficit in 15 Years: Reports

WASHINGTON – US President Trump will unveil Monday, his budget request for the year 2020 to Congress, calling for cuts and spending balances of $2.7 trillion over 15 years, according to the White House budget office.
Trump’s spending plan highlights several of its priorities, including strengthening border security to address the US-Mexico border situation and the fight against the opioid crisis, the Washington Examiner reported.
In the last two years, President Trump and his government have been focusing on limiting reckless spending in Washington, said the acting director of the Office of Management and Budget, Russ Vought, in a statement, adding that the budget will be balanced in 15 years and put an end to uncontrolled spending and ensure the prosperity of future generations.
The current US national debt is about $22 trillion, a record and $2 trillion more than it was in 2016 when Trump took office.
However, according to Vought, the president’s budget targets government spending by calling for a 5% cut in non-defense discretionary spending, which will keep the budget within the legislated spending limit.
The spending plan aims to strengthen border security and enforcement of immigration legislation to address the humanitarian crisis on the southern border. Despite strong opposition from Democrats in the House, which led to a 35-day partial government closure from Christmas Eve to late January, Trump plans to ask for an additional $8.6 billion for the border wall, according to reports.
Speaker of the House of Representatives Nancy Pelosi and Senate Minority Leader Chuck Schumer have already warned in a statement that seeking additional funding for border control in her budget proposal for the fiscal year 2020 would only lead to a new government closure. The president’s budget also calls for increased staffing for immigration and enforcement of customs laws and the protection of customs and borders, as well as policy changes aimed at ending sanctuary cities.
Another key priority of Trump’s budget would be the fight against the opioid epidemic. The financial plan includes ongoing investments in prevention, treatment, research and recovery. It also calls for the creation of new platforms “for the provision of services to the American people” as part of the administration’s efforts to modernize the federal government.
Trump’s spending plan also requires colleges and universities to “share some of the financial responsibility associated with federal student loans”; $80 billion for veterans – an increase of 10% over fiscal year 2019; and provides investments “in the capabilities and areas critical to future conflicts”, including space, artificial intelligence and hypersonics.
The President will present his budget request for the 2020 exercise to Congress on Monday morning.
(Sahar News Monitoring Desk)

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