A BUDGET FOR A BETTER AMERICA
The President's pro-growth economic agenda, MAGAnomics, has unleashed the American economy, resulting
in a rapid increase in jobs and opportunity for American workers. Unemployment remains near historic lows,
millions of jobs have been created, household incomes are rising, and GDP grew by 3.1 percent over the four
quarters of 2018.
The President's 2020 Budget builds upon this incredible success and continues to keep his promises to the
American people. It continues the President’s pro-job creation policies, keeps taxes low, combats the opioid
epidemic, protects our veterans, defends our Nation, and secures our borders.
However, one of the largest threats to continued economic prosperity is our Nation’s unsustainable debt,
which climbed to more than $22 trillion this year. If nothing is done, net interest payments alone on the
Federal Government’s debt will double by 2023 and exceed spending on our military by 2024.
That is why this Budget lays out the President’s continued vision to drive down deficits by bringing spending
below the post-war average while continuing to make investments in critical priorities. Such spending
restraint, coupled with the President’s tax cuts and deregulatory policies, will keep our economy thriving and
America prosperous for generations to come.