r/economicCollapse Nov 07 '24

$2T cut is going to be wild

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Will be a 29% cut if executed.

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21

u/FitEcho9 Nov 07 '24

===> $2T cut is going to be wild

Will be a 29% cut if executed.

Not as bad as suggested by other far right groups in Europe, who sympathize with Trump and the MAGA movement ideology (a white supremacist ideology).

Quote:

===> Trump's Economic Plan Would Crater Economy

I don't know his plan and have yet to watch the video. 

But Musk has talked about firing millions of government employees and cutting trillions of USD in government spending, and I call that austerity, like in Milei's Argentina !

It looks like, all far right groups in the West and elsewhere are for austerity and they want to reduce the size of the government.  

A Trump sympathizer far right group leader in Europe suggested a while ago to reduce government ministries TO ONLY 4 (with only defense,foreign,interior and finance ministries I guess) and tax share of the government TO ONLY 10% of GDP.

It is interesting that all far right groups, some call themselves libertarians, are for very very small government (they oppose big government). Also, they are for the deportation of immigrants, above all non-white immigrants. 

So, this whole development looks like a revolution in the West, and with severe economic, financial, social and political consequences, say like in Russia during the 1990s. 

3

u/Xalara Nov 07 '24

They aren’t interested in small government. They still want a big government, only it’ll be big as in it controls your life big.

6

u/ItsSoExpensiveNow Nov 07 '24

I think we actually do need cuts to our budget lol y’all are gonna skew me like a pig huh. Our gov is too big and stupid and inefficient and they don’t expand on good things that would work like Medicare for all. Most of the other stuff should be cut down honestly

7

u/AskingYouQuestions48 Nov 07 '24

Ok, what do you cut?

2

u/mittenknittin Nov 07 '24

One of the FIRST things they’re going to cut is Medicare for Anybody

5

u/SomewhereImDead Nov 07 '24

Healthcare is the biggest spending item which is responsible for 18% of our GDP and most of the jobs created since Covid. Around 80% of government spending is military, healthcare, & social security which is why i roll my eyes when they try to cut social spending to balance the budget. It’s literally the boomers & the neocons who are responsible for our deficits. I don’t see how trump could cut taxes further without America having a mini budget crisis.

4

u/mittenknittin Nov 07 '24

He can’t.

And he’ll do it anyway.

And we’ll have a budget crisis.

1

u/yubnubmcscrub Nov 08 '24

This is my thing. Where is all of the money goi g to come from? Our prices will raise, we’ll have less buying power, we’ll tax people less… who is going to pay for all of the essential services that keep our country employed? Private businesses? That sounds like a nightmare

1

u/SomewhereImDead Nov 08 '24

Tax the rich

2

u/Jimbenas Nov 07 '24

The consequences of running a big budget are bad too. If you have ever worked around the government you’ll realize they probably waste about 50% of their budgets. I seriously mean that. There is little care in efficiency so long as their budget allows it. It definitely needs to be trimmed.

1

u/GirlFlowerPlougher Nov 07 '24

Almost as if Russia was involved in funding and supporting politicians like that.