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President Trump anticipates money for his increased spending on the military and other campaign promises to come from a “revved up” economy he says is already forming under his watch.

Trump, speaking on Fox News Tuesday, admitted the money for his plan to hike military spending can’t be done with the cuts he’s proposed in the outline of his first budget. However, Trump’s plan is to use an improved national financial situation to pay for his priorities.

“The money’s going to come from a revved up economy,” Trump said.

“If I can get (GDP growth) up to 3 (percent), or maybe more, we have a whole different ballgame.”

Trump wants to increase military spending by $54 billion and has asked for massive cuts in other areas, such as at the Environmental Protection Agency and the State Department.

Trump said those EPA cuts will be crucial to his plan to grow the economy, along with tax reform and repealing and replacing the Affordable Care Act.

“We have, right now, hundreds and hundreds of deals tied up in environmental protection,” he said.

“Those projects are going to be freed up and we’re talking about thousands, millions of jobs.”

Trump said more economic growth means a better military, and he promised to put the military on unheard of ground by the time he leaves office.

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“We’re going to have the greatest military we’ve ever had by the time I’m finished,” he said.

During the interview, Trump touted Wall Street’s continued confidence in the economy as a sign that his policies are working and that he can grow the economy.

One of the most controversial parts of Trump’s budget outline, unveiled on Monday, is that it won’t touch spending on Medicare or Social Security.

So-called entitlement spending is considered the only true way to try and reduce the national debt and Office of Management and Budget Director Mick Mulvaney has, in the past, advocated for reform to entitlement spending. However, Trump said he overruled Mulvaney because he promised not to touch entitlement spending.


“If the economy sails, then I’m right,” Trump said.

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