Donald’s $4.4TRILLION budget!

DONALD Trump has unveiled a $4.4trillion American budget for next year – heralding an era of one trillion dollar-plus federal deficits.

Unlike the plan Mr Trump released last year, the budget never comes close to promising a balanced ledger, even after ten years.

The growing deficits reflect, in part, the impact of last year’s tax overhaul, which is projected to cause federal tax revenue to plum- met. Furthermore, Trump’s budget submission does not yet reflect last week’s two-year bipartisan $300billion pact, which rejects his plans to slash domestic agencies.

Jason Furman, a top economic adviser to former president Barack Obama, said: ‘A lot of presidents’ budgets are ignored.

‘But I would expect this one to be completely irrelevant and totally ignored.’