President Donald Trump is offering a $4.8 trillion election year budget plan that recycles previously rejected cuts to domestic programs like food stamps and Medicaid to promise a balanced budget in 15 years all while leaving Social Security and Medicare benefits untouched.
Trump's fiscal 2021 plan, to be released Monday, promises the government's deficit will crest above $1 trillion only for the current budget year before steadily decreasing to more manageable levels, relying on optimistic economic projections, lower interest costs, scaled-back overseas military operations and proposed cuts to agency budgets that run counter to two separate budget deals signed by Trump.
