The White House released a budget that would add an estimated $1.2 trillion to the deficit in 2019. For many fiscal conservatives, this massive increase to the national debt has not gone over well. However, the truth of the matter is that Trump and his administration weren’t left with much of a choice.
After years of the military growing weaker and weaker under President Obama, one of Trump’s main goals upon entering the White House was to strengthen the U.S. military. However, passing a budget plan requires the cooperation of Democrats in the Senate, and they have refused to cooperate with increasing military spending unless it coincides with a dramatic increase in social welfare spending as well. The result is the massive deficit deal we now have.
However, according to the Office of Management and Budget director Mick Mulvaney, this is intended to be a one-time expense. Future budget plans the White House is working on are expected to curb spending and start shrinking the deficit. Whether that actually ends up being the case is something that is yet to be seen. It seems, after all, that no matter who is in power, Washington loves nothing more than spending money they don’t have.
To hear Mick Mulvaney discuss some important points about this new budget, be sure to check out the video below.
