It appears that Donald Trump wasn’t kidding when he promised to build up the U.S. military. It also appears that it’s going to cost a lot of money.
At the Conservative Political Action Conference (CPAC) on Friday, Trump promised to request massive increases in the military budget to initiate one of the “greatest military buildups in American history,” and Monday morning dawns with more insight into the former reality TV show host’s thinking.
According to The Washington Post, Trump is proposing a federal budget that will increase defense spending by $54 billion, along with massive cuts in other federal agencies to offset the cost.
A statement from the White House on Monday says that Trump’s budget would “put America first” by focusing funds on defense, law enforcement, and veterans.
The statement did not address the question of taxes or mandatory spending. Programs such as Medicare and Social Security make up a large portion of federal spending, but according to WaPo, Trump has promised not to touch either program.
The Trump administration has also promised to lower taxes, but has made no details available at this time.
An official from the Office of Management and Budget (OMB) spoke to reporters on condition of anonymity and stated that most federal agencies will see radical cuts to their funding.
According to Bloomberg, the increase in defense spending is a boost of 10% to annual spending. The anonymous source from OMB said that agencies not involved in security will be cut to offset the increase in spending.
Discretionary spending — about 30 percent of the federal budget — doesn’t include Medicare or Social Security, but Trump’s intended targets have been warned, including the Environmental Protection Agency, as well as the National Endowment for the Arts, the Public Broadcasting Corporation, and National Public Radio. The Department of Education is likely to see cuts, as well.
Trump also claimed in a speech to governors on Monday that he plans to “start spending on infrastructure, big,” but didn’t’ give a details
According to CNN, During the meetup of states’ governors at the White House, Trump said:
“This budget will be a public safety and national security budget. With 20 trillion dollars in debt, the government must learn to tighten its belt,”
Bloomberg reports that further details to the initial spending plan will be revealed in Trump’s address to Congress on Tuesday. Congress determines the budget, but presidents often make proposals to fund their agendas. Congress isn’t obligated to follow any president’s budget.
The exorbitant increase in military budget was foreshadowed in Trump’s speech at CPAC, Friday, where he said:
“We’re also putting in a massive budget request for our beloved military. We will be substantially upgrading all of our military, all of our military, offensive, defensive, everything, bigger and better and stronger than ever before. And hopefully, we’ll never have to use it, but nobody’s gonna mess with us, folks, nobody.”
Somebody watched too many cowboy movies growing up.
Bloomberg discusses what to expect from the Trump Budget in the video below: