All Guns, No Butter

Axios: “A sharp rise in defense spending. Steep cuts elsewhere. All against a backdrop of rapid growth.”

“That is the Trump administration’s formal 2027 budget proposal, in a nutshell.”

“As always, the presidential budget is more of a statement of the White House’s goals than a road map that is likely to be enacted by Congress. This one shows a president who is eager to spend big on the military while bringing austerity to the rest of the federal budget.“