Trump’s Budget Backstory | New Republic

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If a government’s finances, as economist Joseph Schumpeter once wrote, strip away rhetoric to lay bare the true “spirit” of a people, then President Donald Trump’s first full budget proposal reveals a nation that is bombastic and fearful, grandiose and uncertain. Regardless of what actually makes it through Congress, the suggested cuts—$616 billion from health insurance for the poor, $140 billion from student loans, more than $190 billion from food stamps—outline a vision of government based on the notion that the state should stand aside so businessmen can work their magic. “This budget’s defining ambition,” the preamble states, “is to unleash the dreams of the American people.”

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