feeling by u.s. commanders that it is going to have to be these countries, with assistance from allies, that are going to be the ones that are going to defeat isis eventually. also, guys, we re getting major reporting in terms of the details of this budget. let s tick through it for you. what we know from an official from the office of management and budget, the president is going to call for a $54 billion increase to defense spending, that s a 10% increase of the budget, last year it was $584 billion. most of that will go to dod. they re going to make major federal cuts in almost all federal agencies, it s saying here most federal agencies will see a reduction as a result. this is being touted as a security budget. and the administration is seeking, quote, a large reduction also, ben ferguson, in foreign aid. right. is this a smart move? i assume you agree with building up the military, but to make such drastic cuts elsewhere
month. this budget will be a public safety and national security budget, very much based on those two, with plenty of other things but very strong. it will include an historic increase in defense spending to rebuild the depleted military of the united states of america at a time we most need it. [ applause ] and you ll be hearing about that tomorrow night in great detail. this is a landmark event, a message to the world in these dangerous times of american strength, security, and resolve. we must ensure that our courageous servicemen and women have the tools they can be to deter war, and when called upon to fight in our name, only do one thing win. we have to win. we have to start winning wars again. i have to say, when i was young, in high school and college,
advised this campaign said at this point you have to take a look at entitlements. a lot of people who look at budgets say eventually you have to talk about entitlements. the president doesn t want to do that, he doesn t want to touch medicare, social security, and medicaid. the federal budget is $3.9 trillion in spending. so it s big. the top quarter of it, that s medicare and medicaid, those health programs. then social security. the president says all of that, those first two categories, he will not touch. that leaves the rest. military, he has promised one of the greatest military buildups in american history. he ll focus more money on shipbuilding, military aircraft, the choke points, the strait of hormuz, that s more spending on top of the $600 billion a year we already spend on that. then you have interest, you can t cut that. the safety net, there s some money there. food stamps, maybe school lunch programs. you ll have to get congress to go along with that as well. but if you d
it s going to be a really productive discussion. so productive that i m going to ask the press to start leaving, because i wouldn t want them to see any great productive session. but they ll be seeing it and hearing about it. again, thank you very much all for being at the white house. we ll do this many times. i want all right. there you have it. the president spending about 20 minutes there meeting with the nation s governors, a big group there, attacking the military. we ll get to that with our barbara starr in a moment, as he promised a much bigger budget for military spending, saying this would be a public safety and national security budget, an historic increase in defense spending, then going on to say we never win wars, we don t fight to win. we don t even try to win anymore, right? barbara starr is here, jennifer psaki, and ben ferguson, all here. we ll get to the budget stuff in a moment. barbara starr, when you hear
difficult. or he goes to congress and makes the argument that the economy is going to grow at 4, 5, 6% under him as president, things he s said before. john said this is based on on 2.5% annual growth scenario, you can t make that argument. he s promised 3%, 4% growth. the idea that the economy is going to grow so great that you ll get all these monies coming in from tax revenues. they have the most favorable way to look at the math for themselves. what is critical today, this is sort of the first word to the federal agencies telling them what to get ready for. some reporting out there says the state department could see huge cuts. what that tells me is the world view of this president. he has promises this, to build up military might. the military part of the budget is $600 billion a year.