trillion in savings, more spending reductions proposed than any administration in history. this budget will balance in 15 years. congressman, is that true? well, it s not likely. one of the things that they re doing is they re projecting consistent growth in the economy at 3%. there s virtually no economist in the country that s projecting that kind of growth. cb son cbo is somewhere around 1.9% over that window, so the assumptions they make i think are very flawed and overly optimistic. yeah, they do cut a lot out of spending. but what s interesting about that is the spending that the congress has annual control over, what we call discretionary spending, hasn t really risen at all in the last nine years. that s when you count for inflation. what the increase in spending is because we have a huge
failed to meet the needs of the american people. the white house says this budget proposal is aimed at keeping americans safe by increasing defense spending and including more than $8 billion for the border wall but it s also slashing funding for many domestic programs, including medicare and medicaid. washington has a spending problem and it endangers the future prosperity of our nation for generations to come. this budget contains nearly $2.7 trillion in savings, more spending reductions propose that any administration in history. even with those savings, this budget proposal would still push the federal deficit past $1 trillion. the white house is asking for a huge number for fiscal acre 2020, a record $4.7 trillion. big numbers, shannon. shannon: it is. they ve got answers and questions about that. it s just a proposal. it s a blueprint. shannon: we remember seeing
to a sicker, weaker america, democrats will reject this toxic and descriptive request that would fail to meet the needs of the american people. the white house says it is aimed at keeping americans safe by increasing defense spending and including $8 billion for the border wall but cutting funding for many domestic programs including medicare and medicaid. washington has a spending problem and it endangers the future prosperity of the nation for generations to come. this budget contains nearly $2.7 trillion in savings, more spending reductions proposed in any administration in history. reporter: even with those savings the budget proposal would still push the federal deficit past $1 trillion, the white house is asking for a huge number for fiscal year 2020, record $4.7 trillion. big number. shannon: they ve got to answer
after no one went for her first plan. parliament will vote on the new brexit plan at 3:00 pm eastern time. if this but doesn t pass brexit could be delayed or the uk could crash out of the deal with no deal and cause an economic catastrophe. jillian: donald trump unveiling a $4.7 trillion budget proposal for 2020, democrats voicing their opposition. senator patrick leahy saying, quote, this is not a serious proposal adding it is, quote, dead on arrival and divorced from reality. the budget request includes a $.6 billion, for 722 miles of border wall and $72 million to fund 100 immigration judges. the administration says the proposal also includes strategic cuts. from day one this president has put forth spending reduction, the first budget, the most in history of any president in history, growing the economy over ten years and we will have spending reductions.
no president has done more to restart our economy, restart our economy than president trump. promises that he made while running for office. this great progress is threatened by our unsustainable national debt which is nearly doubled under the previous administration and now stands at more than $22 trillion. annual deficits are continuing to rise and will exceed $1 trillion a year. it s projected that interest payments on the national debt will exceed military spending by 2024. washington has a spending problem and it endangers the future prosperity of our nation for generations to come. this budget contains nearly $2.7 trillion in savings, more spending reductions proposed than any administration in history. this budget will balance, in 15 years. last year president trump directed federal agencies to meet a target of a 5% reduction in nondefense discretionary spending. i m proud to report to you today that we have achieved that target. in terms of the economy, our gdp