This is a silly charade. To actually cut the debt, it requires congress. Not just saving a couple millions dollars and posting on twitter about it. We’ll need to cut Medicare, Medicaid, social security, the military, etc. All the popular stuff that was never easy and will never be easy to cut. We’re not spending 2 trillion per year on condoms.
Won’t wiping all this stuff just lead us into a Great Depression anyway ? I’m not an expert on the topic but my basic understanding was that we (government) just decided we didn’t have any money, so everything just stopped.
Like shutting all this stuff down or radically cutting it back will surely have some dire economic impacts?
Yes. These cuts will set our nation back by decades. Institutions are being destroyed, and with them cultural and institutional knowledge that will never come back.
The government can just print money. So much so that inflation goes crazy and the national debt is pennies. Same with your savings. We have a lot of savers that are old. Wait until they are gone.
Which would probably raise less than a modest wealth tax on billionaires, but we know that will never get traction (even though its an extremely popular policy)
What I don't understand is why they want to cut the debt or the budget. Previous terms have shown that increasing spending and racking up debts isn't leading to loss of polls. Why are Trump and Elon going on this cutting spree instead of doling out tax cuts and increasing pork to their constituents on borrowed money?
Because the Project 2025 plan includes de facto destroying as much of the government as possible to make it easier to replace people with pure cronies.
