Mike Bloomberg seems to have got Donald Trump right….
Trump is about today’s deal….
Caring less for tomorrow….
THAT is what the Congress has to deal with…
And THEY WILL make changes in the end…
The new budget for the 2021 fiscal year beginning in October includes $590 billion in non-defense spending and $740.5 billion in defense spending. The total $4.8 trillion figure also anticipates about $3.5 trillion in spending on Social Security, Medicare and other entitlements.
The August deal hammered out by Trump in talks with the House and Senate raised spending for both defense and domestic spending.
Under the new budget, the defense figure is the same, but the domestic spending is cut through changes to a slew of federal programs and agencies.
Presidential budgets are annually ignored by Congress, so the two-year deal negotiated last fall is likely to remain in place.
“Everyone knows the latest Trump budget is dead on arrival in Congress. It’s merely a political stunt to gratify extremists in his party,” said Sen. Sheldon Whitehouse (D-R.I.), who is pushing for to reform the budget process alongside retiring Senate Budget Committee Chairman Mike Enzi (R-Wyo.).
But the new budget shows where the president’s priorities are, both for this year and a second term if Trump wins reelection, and some of the proposals could turn into budgetary battles later this year….