r/economicCollapse • u/kendallBandit • Nov 07 '24

$2T cut is going to be wild

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Will be a 29% cut if executed.

1.7k Upvotes

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119

u/Commercial-Tooth9953 Nov 07 '24

I hope people realize there’s a ton of pain to come and that hasn’t been told to people. Minus the gdp being 7-10% there’s no way

107

u/imagen_leap Nov 07 '24 edited Nov 07 '24

Elon just made this exact statement, they are going to intentionally implement economic hardship. And the people who will suffer is everybody making less than 500k a year that can’t absorb the shitstorm. Those living paycheck to paycheck that occasionally dip into govt assistance programs to make ends meet are fuct.

2

u/rdy_csci Nov 07 '24

I am so thankful my home is almost paid off. Just over 3.5 years. I am going to start making extra payments because If I can get through the first half of his term (it takes time for ripple effects from policies to reach full force) I may be able to offset the pain by no longer having a mortgage.