Trump 2019 budget proposal makes no headway on a balanced budget

President Donald Trump on Monday sent Congress a $4.4 trillion budget proposal for 2019 which all but waves the white flag on efforts to hold down on federal deficits, as the White House is predicting that the deficit will hover just below $1 trillion in four of the next five years, estimating that Mr. Trump would see over $7 trillion added to the debt if he served two terms in office.

"In Washington, empty rhetoric about fiscal responsibility is about to be swept aside by the reality of trillion-dollar deficits," said Sen. Rand Paul (R-KY), who last week lectured his colleagues on rising deficits.

The White House predicted the deficit in fiscal year 2018 would be $832 billion, and then stay just below $1 trillion for the next four years - never getting anywhere close to being in balance.

But the budget is about much more than how much money comes in each year in revenues, and how much goes out in spending (known as outlays) - so here's a few nuggets from inside the Trump budget plan:

To give some context, here is the list of deficits under the Obama Administration, followed by figures for the Trump Administration - 2017 is an actual deficit - the later years are estimates.

2009 deficit - $1.41 trillion

2010 deficit - $1.29 trillion

2011 deficit - $1.3 trillion

2012 deficit - $1.09 trillion

2013 deficit - $679.5 billion

2014 deficit - $484.6 billion

2015 deficit - $438.4 billion

2016 deficit - $584.7 billion

2017 deficit - $665.3 billion

2018 estimate- $832.6 billion

2019 estimate- $984.4 billion

2020 estimate- $986.9 billion

2021 estimate- $915.9 billion

2022 estimate- $907.8 billion

2023 estimate- $778.5 billion

To get more information about the Trump budget - click here for the basic overview of federal spending at various departments.

If you want very detailed budget plans by agency, then use this link.

If you are a numbers cruncher, go here for all sorts of spreadsheets on past and future federal spending, revenues and more.

And then there is even more information in what is known as the Analytical Perspectives document.

About the Author