Breaking down Trump's budget proposal

BE WILDLY UNPREDICTABLE.
EVEN FOR A BILLIONAIRE
PRESIDENT, THE BUDGET PROPOSAL
IS A WHOPPER.
STARTING WITH THE TRILLION
DOLLARS FOR INFRASTRUCTURE, NEW
BRIDGES, ROADS, DAMS, POWER
LINES.
>> FINANCED THROUGH BOTH PUBLIC
AND PRIVATE CAPITAL, CREATING
MILLIONS OF NEW JOBS.
[ APPLAUSE ]
>> Reporter: ALSO ON THE WISH
LIST, A $54 BILLION OR 10%
INCREASE FOR THE MILITARY, WHICH
ALREADY ACCOUNTS FOR MORE THAN
HALF OF ALL DISCRETIONARY
SPENDING.
AND, OF COURSE --
>> WE WILL SOON BEGIN THE
CONSTRUCTION OF A GREAT, GREAT
WALL ALONG OUR SOUTHERN BORDER.
>> Reporter: THE PRESIDENT HAS
SAID MEXICO WILL PAY FOR IT.
MEXICO SAYS NO, BUT FOR NOW
THAT'S AT LEAST ANOTHER $10
BILLION IN THE BUDGET.
BUT THIS MAY BE THE BOLD EST
CLAIM ABOUT THE PLAN.
>> ALL OF THAT WITHOUT ADDING TO
THE CURRENTLY PROJECTED FY 2018
DEFICIT.
>> Reporter: THAT'S RIGHT, THE
ADMINISTRATION SAYS IT CAN
OFFSET ALL THOSE COSTS WITH
SAVINGS AND SPENDING CUTS.
FOR EXAMPLE, UP TO 25% OF THE
MONEY FOR THE ENVIRONMENTAL
PROTECTION AGENCY COULD GO AWAY.
ELIMINATING 3,000 JOBS.
THE NEW ADMINISTRATOR.
>> WE'RE GOING TO ROLL BACK THE
REGULATIONS THAT HAVE BEEN AN
OVERREACH OF THE PAST.
THAT'S GOING TO BE OUR FOCUS IN
THE NEAR TERM AND THE BUDGETING
PROCESS WILL PLAY OUT.
>> Reporter: THE IRS, THE
DEPARTMENT OF EDUCATION, AND
FOREIGN AID ARE ALSO ON THE
CHOPPING BLOCK.
THAT AID IS JUST A TINY FRACTION
OF OVERALL SPENDING.
BUT --
>> WITH A $20 TRILLION IN DEBT,
CAN YOU IMAGINE THAT?
THE GOVERNMENT MUST LEARN TO
TIGHTEN ITS BELT.
>> Reporter: SO, WHAT'S OFF
LIMITS?
ENTITLEMENTS, INCLUDING
MEDICARE, MEDICAID, SOCIAL
SECURITY, PROGRAMS FOR
UNEMPLOYMENT AND WELFARE.
THEY ARE ROUGHLY 65% OF THE
BUDGET, BUT FOR NOW THE WHITE
HOUSE IS REFUSING TO TOUCH MOST
OF THEM.
AND CONGRESS MAY HESITATE TO
TOUCH THE PRESIDENT'S BUDGET AT
ALL.
REPUBLICAN SENATOR LINDSEY
GRAHAM HAS ALREADY SUGGESTED
IT'S SO LOADED WITH

Breaking down Trump's budget proposal

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