Trump just raised the $39 trillion national debt with the largest budget hike since World War II—and nobody can figure out how to pay for it

President Trump’s fiscal year 2027 budget proposal, released Friday, calls for boosting total defense funding to $1.5 trillion—a jump that most economists say would represent one of the largest budget increases in American history, rivaling the wartime mobilization of World War II.

The proposal would increase base defense discretionary spending by $251 billion and funnel an additional $350 billion into defense through a new reconciliation bill, while cutting nondefense discretionary...