As reported by the Associated Press today, US President Donald Trump will increase the defense budget by $54 billion according to unnamed White House budget officials speaking on condition of anonymity. Actual US domestic operating budgets for agencies will be submitted to Congress next month. During the presidential race of 2016, President Trump stated that he would build up the US military. Proposals for the 2018 budget are being sent to agencies for their review before they take affect on October 1st. During a speech on Friday, President Trump said increased spending would enable the US military to have, “one of the greatest buildups in American history.” President Trump went on to say, “We will be substantially upgrading all of our military, all of our military, offensive, defensive, everything, bigger and better and stronger than ever before.” Although the increase in defense spending will cause a reduction in funds for domestic programs and foreign aid, Treasury Secretary Steven Mnuchin has stated there would be no cuts to Social Security or Medicare.