Looks like this is the House's proposal. The Senate still has a chance to stop it.
March 14 is a date to keep an eye on, since it appears that rather than a normal fiscal year being in effect, the USFG is currently funded by a continuing resolution which expires then. I expect the standard pork barrel to buy the government a few more months, maybe kicking the debt up to around $38 trillion, and then the future of our country will be decided later in the year.
Right now the fiscal hardliners, who are willing to impose the austerity and run the legal challenges that it takes to save America from ruin in the face of a completely useless Congress and heavily politicized courts, have Trump's ear. But Trump is neither a principled nor ideologically consistent man. He could just as easily be persuaded by the establishment to return to business as usual, or by some flight of fancy could persuade himself.
If Trump does stand his ground, then he may compel Congress (which can't count on Democratic votes to override a presidential veto) to pass a balanced budget. If he does so, and it's a precedent-setting move repeated in subsequent years and by subsequent administrations, then he will go down as our Aurelian or Heraclius. But if not, then he is Nero and Caligula wrapped into one man.
