Economist Justin Wolfers explained: “Washington has discovered a brilliant financial strategy. Cut benefits for people who need them, cut taxes for people who don’t, and borrow the difference from people who aren’t old enough to vote.”
Those numbers, Frum notes, don’t include the cost of Trump’s war on Iran. The administration acknowledges that fuel and munitions for that war have cost about $45 billion, but the real costs run far higher with the destruction, for example, of U.S. bases in the Middle East. The Department of Defense has asked for an additional $200 billion for the war, and Trump has asked for $1.5 trillion to fund the military in 2027, which Frum notes is up 44% from before the war on Iran.