If Republicans succeed in their multi-front campaign to cut back on food stamps, the burden will fall heaviest on the working-class, rural white voters on whom President Trump has staked the future of their party.
For the duration of this economic expansion, consumer spending has been the dynamo driving growth in gross domestic product, or GDP. But now there are indications Americans are getting a little too dynamic. Their actions are out of whack. For the past two years, spending has risen faster than disposable personal income, as pointed out by Jason Furman, a senior fellow at the Peterson Institute for International Economics