And wait until we see, on the other side of the ledger, higher borrowing costs (from decreased demand for Treasury securities) and decreased revenues (from laxer tax enforcement if not also tax cuts).
Reposted from
Jacob T. Levy
Federal spending is *up* under Trump according to the Wall Street Journal. Chaos is not actually the same as cost savings.
Actual budgeting is a kind of actual policy-making and takes real work spread over real time. Running around breaking stuff isn't that.
www.wsj.com/politics/pol...
Actual budgeting is a kind of actual policy-making and takes real work spread over real time. Running around breaking stuff isn't that.
www.wsj.com/politics/pol...
Comments
CPA Lindsey Graham is introducing the new MAGA Math!
When the GOP is in charge, $4.5T = $0
This way, when they lose control in a few years, the exploding debt will be... you guessed it! The Democrats fault!
Vote them all out.
#hand-off April 19th
I guess that’s where we are headed now.
here
WE sit
deep in the shit
Chewing
the fat
just happy its
Friday
Besides
GOLF
WTF
HORROR
does
Hisroyalassmessyness
have planned for
US
tomorrow
It's all a grift. No one voted for Musk or his pencil dick brigade and yet Big Balls is still breaking into our govt computers.
https://www.wired.com/story/department-of-labor-doge-usds-payment/
The wasteful military flight to Guantanamo, all the trips to mar-a-lardo, the depty fbi director having 24 body guards, a DOGE dude demanding body guards (3.2 million DOGE body guards) it all adds up
a dictatorship. Elons goal is to be that dictator. He is lying his best friend talks about his goals. If he can’t be dictator on Mars he want to be dictator here.
So pretty much wiped out by Trump's proposed military spending increases.
🍌🍌🍌🍌🍌
He had all the cards until he decided to eat them.
I summed these up and others may have more to add in this thread of two posts:
The only way to reduce the debt (without cutting Medicaid, Medicare, SS) is to raise taxes.
Kleptocracy.
https://apnews.com/article/living-immigrants-dead-social-security-numbers-trump-c10737cbe36e3108fb244a555777d880?fbclid=IwY2xjawJl_jpleHRuA2FlbQIxMQABHsisaXPz5QJNO2OnLMu7Xbt14NJwNTn0TfV5u5uN8QR_xYdATv4eC3RAF5nX_aem_yfNW-CGckq__CGPTHNIoeQ
A civil war is coming. Mark my words.