By Tara Golshan
March 11, 2019 "Information Clearing House" - President Donald Trumpís administration unveiled its third budget proposal Monday, cementing a vision for the United States that bolsters funding for defense and border walls, while severely cutting social programs for the nationís poorest.
The $4.7 trillion budget proposal, which encompasses everything from funding for food aid, education, and health care to national defense, seeks to slash $845 billion from Medicare ó a program Trump notably promised to leave untouched ó $241 billion from Medicaid through major structural reforms, as well as a 9 percent cut across non-defense programs, all while increasing the defense budget to $750 billion, 5 percent more than the 2019 budget.
Additionally, Trumpís administration has asked Congress for $8.6 billion for the presidentís border wall, a project the president declared a national emergency over earlier this year amid the nationís longest government shutdown in history.
The proposal also predicts significant economic growth over the next decade ó at about 3 percent annually ó with the expectation that the government will continue to enact tax cuts and a deregulatory agenda. The projections are far rosier than what outside forecasters expect.
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