WASHINGTON (AP) - President Donald Trump is preparing a $4.8 trillion budget plan that rehashes previously rejected spending cuts while leaving Social Security and Medicare benefits untouched.
Trump’s fiscal 2021 budget plan, to be released Monday, seeks to wrestle trillion-dollar-plus deficits into balance after 15 years.
It isn’t likely to generate a serious Washington dialogue about what to do, if anything this election year, about entrenched fiscal problems that have deficits surging despite a healthy economy.
House Speaker Nancy Pelosi said that “once again the president is showing just how little he values the good health, financial security and well-being of hard-working American families.”
It’s being released on the eve of the New Hampshire primary, a move that minimizes attention.
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