The president’s proposed budget for next year could spell trouble for older Americans — but not if Congress has anything to say about it (and it will).
The record $4.7 trillion federal budget for 2020 calls for a 5% cut to social programs, including $845 billion from Medicare, $1.5 trillion from Medicaid and as much as $84 billion in Social Security disability benefits, all to be implemented over the next 10 years if passed.
The budget also asks for $8.6 billion for the proposed U.S.-Mexico border wall, the contentious topic that sparked the monthlong government shutdown earlier this year, and more spending for defense, including the new Space Force. The budget proposal isn’t a done deal. It acts as a blueprint to Congress, which enacts its own spending legislation the president can approve or reject.
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