Trump 2021 budget would only benefit the richest in US: Analyst
The 2021 budget US President Donald Trump has proposed would only benefit the richest people living in the United States, says a political analyst.
David Cay Johnston, founder of the news organization DCReport from New York, made the remarks in an interview with Press TV on Wednesday when asked about the 2021 budget that was released on Monday by the Trump administration.
He said the budget “presumes a dramatic increase in economic growth, (but) under Donald Trump, a growth of the American economy has slowed each year.”
“He’s proposing to cut spending for the hungry and the poor in America, but he wants to increase spending on those things that would benefit the wealthiest people in America,” he added.
“What this budget tells you though is what the people around Donald Trump want, which is an America that is run of, by and for the rich instead of the America we’ve known.”
Experts believe the budget allocated funds to grow the US military industrial complex while cutting the budgets allocated to health and welfare.
The new budget will raise military spending by 0.3% to $740.5 billion for the fiscal year 2021.
Given Trump's belief in US military superiority, the new budget aims to give America the upper-hand in the arms race with Russia and China.
The numbers proposed in the budget, indicate that Trump aims to gain global superiority by restoring nuclear weapons to a central role in America's military strategy.
The Trump administration, in the 2021 budget, revealed for the first time that it intended to create a new kind of submarine-launched nuclear warhead and increase the budget allocated to the National Nuclear Security Administration, which maintains the nuclear stockpile and develops new nuclear warheads.
There is $15.5 billion allocated to the development and deployment of new space assets for the new Space Force.
US Rep. Katherine Clark (D-Mass.), the co-chair of the House Democratic Caucus, said Trump's budget contradicts what he said last week during his annual State of the Union address.
In his speech, Trump said "we will always protect your Medicare and we will always protect you Social Security."
Clark, however, pointed out that Trump's proposed $4.8 trillion budget would slash $24 million from Social Security, $500 billion from Medicare and $900 billion from Medicaid over the next decade.
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