According to the office of Management and Budget Director, Mick Mulvaney, President Trump did not entertain potential reforms to Social Security or Medicare when preparing his initial budget request.
Mr. Trump cited campaign promises in making his decision: “I told people I wouldn’t change that when I ran. And I’m not going to change that. Take that off the list.”
The first budget request includes deep cuts for domestic programs while increasing defense spending. Although President Trump has vowed not to cut either Social Security or Medicare, he has not specified what he considers a “cut.”
Together, Social Security and Medicare make up the largest amount of government spending, and, according to the Congressional Budget Office, the trust funds that provide for benefit payments under these programs will become insolvent within the next ten to fifteen years.