Whatever the outcome of President Donald Trump’s war on Iran, his push, along with Israel’s, to reinvigorate an American-led world order has only just begun.

Before what remains of the Iranian dictatorship agreed to a tenuous ceasefire, the White House released its fiscal 2027 budget, which demonstrates the Trump administration’s understanding that securing American hegemony, with all of its real economic benefits, requires a tradeoff between military and domestic spending.