Stephen Miller posted similar on X. He claims $1.2 yrillion in cuts. I questioned him (no response... I view Miller with super respect): Where are the cuts? Why does an annual $2 trillion budget deficit persist? AND why is a $4 trillion (or is it $5 trillion) raise in the debt ceiling over the next 2 years necessary?
However tricky budget economics might be, that additional trillions of increased debt is a cold hard fact! That reminds me years ago when I posted an alarm here on FR about the national debt rising - one of these smug 'economists' calmly assured me that it is of no significance since we just owe that money to ourselves. I have heard that argued for years.
I asked the economist: OK if that is true, who do we pay the interest to❓ I never received an answer. Now the interest on the debt will cost us nearly $2 trillion a year. That is way more than defense, Social Security ... etc.
Convince me that spending nearly half of our incoming revenues on interest on a debt caused by out of control govt spending is not really important. ❗❗❗
What if Trump tells the people who are “owed” the debt (The Fed) to kick rocks? What are they gonna do? It’s all a scam. And if those money machines that Musk found were turned off, that trillion dollar savings would be a gimme.