Trump budget reveals ambitious goals for cuts, growth

“Trump calls for $2.7 trillion in spending cuts over the next 10 years through major decreases in domestic spending” reports President Trump released a fiscal year 2020 budget Monday that relies on sunny projections for economic growth and trillions in budget cuts to achieve the goal of balancing the budget by 2034.Past Republican budgets have sought to balanced the budget in 10 years, rather than the 15 years set out in the Trump budget, but that goal has become hard to achieve even on paper.While cutting domestic discretionary spending for this coming year across the board, the Trump administration will ask Congress for significant increases in defense and veterans affairs spending.Balancing the federal budget would be a difficult undertaking.

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