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Runaway Spending Risks Destroying Trump’s Presidency

To prevent that, the president-elect could on day one call for a package of up to $500 billion of rescissions — money the last Congress appropriated but has not been spent yet.

AP/Evan Vucci
President Trump speaks during a news conference at Mar-a-Lago, December 16, 2024, at Palm Beach, Florida. AP/Evan Vucci
STEPHEN MOORE
STEPHEN MOORE

Shortly before Milton Friedman’s death in 2006, I had the privilege of interviewing him over dinner in San Francisco. The last question I asked him was: What are the three things we have to do to make America more prosperous?

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STEPHEN MOORE
STEPHEN MOORE

Mr. Moore is an economics journalist, author, and columnist. He is the chief economist for the Institute for Economic Freedom and Opportunity, and a regular contributor at The Wall Street Journal, Fox News, CNN and CNBC.

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