If all the administration's recommendations were carried out, deficits would gradually decline from $1.1 trillion in fiscal 2020 to $202 billion in fiscal 2029.
Not even the budget is above a dose of "Russiagate" hysteria.
President Donald Trump will request at least $8.6 billion in new funding for the construction of a wall on the U.S. "We hope he learned his lesson".
The budget does not make explicit whether the administration is asking Congress to consider converting Medicaid to a system of block grants once again - or whether it seeks to make such a switch on its own.
Some fiscal watchdogs, though, panned the effort as more piling on of debt by Trump with no course correction in sight.
The budget also calls for $3.6 billion to replace funds Trump plans to divert for border wall construction using the emergency powers, according to a senior administration official, who requested anonymity to discuss the plan ahead of its release. She warned the debt load will lead to slower income growth and stalled opportunities for Americans.
The budget contains $8.6 billion for more than 300 miles of new border wall.
Trump is also seeking a 5 percent cut in domestic spending, following through on a pledge at a Cabinet meeting last fall to "get rid of the fat, get rid of the waste" with a uniform spending cut.More news: Northern Ireland firms warn of economic, social risks from no-deal Brexit
The budget imposes work requirements for those receiving food stamps and other government aid as part of the cutbacks. Under the plan, the Environmental Protection Agency would see a 31 percent decrease in funding, the Education Department would take a 12 percent cut and the Department of Energy an 11 percent decrease.
Along with other changes to federal welfare programs, the Trump budget aims to save $327 billion in welfare spending over 10 years.
The plan sticks to budget caps that both parties have routinely broken in recent years.
Trump's budget is set to include requests to boosting funding for some domestic priorities, including programs to combat abuse of opioids and medical care for veterans.
The proposal would spend an unconscionable $4.75 trillion next year.
This is the first proposal under Pompeo, but the budget still calls for a almost 24 percent decrease in funding for State and USAID.
Trump is signaling that he wants a fight. Kudlow says Trump's budget "points a steady glide path" toward lower federal spending and federal borrowing as a share of the nation's economy.
Under Trump's proposal, the budget deficit is projected to hit $1.1 trillion next year - the highest in a decade.More news: Protesters Go On Feminist Strike in Madrid to Celebrate Int'l Women's Day
It provides $500 million in new spending over the decade on child cancer research.
An official 2020 White House budget won't appear until later this year.
In this March 6, 2019, photo, President Donald Trump speaks in the Oval Office of the White House in Washington. The plan says that money would be leveraged with private dollars, but Congress has largely panned that approach.
According to the White House, as the federal debt ticks toward $23 trillion spending cuts and budget deficit reduction are top priorities.
"I don't think good growth policies have to obsess, necessarily, about the budget deficits and so forth", Kudlow said on "Fox News Sunday". He is going to stay with his border security.
The move immediately tees up a potential messaging battle between Democratic proposals for Medicare-for-all - castigated by Republicans as a socialist boondoggle - and a kind of Medicare-for-less approach. focused on cutting back on spending, from the GOP. "Congress refused to fund his wall and he was forced to admit defeat and reopen the government".
"President Trump hurt millions of Americans and caused widespread chaos when he recklessly shut down the government to try to get his expensive and ineffective wall, which he promised would be paid for by Mexico", they said in a joint statement. They said money "would be better spent on rebuilding America".
"The Trump budget is breathtaking in its degree of cruelty and filled with broken promises", Sanders, the ranking member of the Senate Budget Committee, said in a statement. It will renew his fight with Democratic congressional leaders that led to record breaking partial government shutdown earlier this year.More news: Zion Williamson Is Doubtful For Saturday Against North Carolina