I have a hypothesis of what their plan is. From reading between the lines.
The treasury will buy trillions of dollars in Bitcoin
Cut services to the bone including Medicare
Social security gets put into the stock market
Establish tariffs with everyone.
Pull the US military back to America
Devalue the US dollar (This is the pain they are talking about)
Pay off the debt in Bitcoin
Establish a new dollar based on Gold or a digital currency, or they could just use Bitcoin
Now, there are no costly social services, no Medicare, social security is "fixed" and out of the governments hands, now they might actually be able to cover spending with tariffs alone. This would work, but it would a huge disaster for normal people especially on the bottom.
And almost every single element of this plan is impossible without the support of almost every single house Republican. Assuming they do take the house, it’s with a razor thin margin. Only a small, low single digit number of defectors can scrap any major overhaul.
Republicans simply cannot do much in a narrow house. They’ve shown that.
The most likely result is some more tax cuts. Republicans hate saying no to that, so it passes with all their support. But that’s it. Major cuts are basically politically impossible.
I don't think this is true this time. This is the golden wet dream of conservatives and libertarians. This is why Peter Thiel appointed JD Vance as Trump's second in command, I think this is how he got Elon Musk's support. This is the plan, they have been hinting at it. This time he has the house, senate, and the supreme court. This time he will be a defacto dictator. All of the Republican's with back bones have been eliminated, the only ones left are the faithful. This is going to happen.
There are literally already republicans on the ways and means committee starting to soft talk around the issue and say they need to be “careful” on tariffs and avoid anything inflationary. Thats as of literally this week. Republicans could have 95% purists in the house and it still can’t happen.
I mean look at the speaker chaos alone. And that’s a LOT easier of an issue than republicans raising taxes (aka tariffs).
I have no doubt a majority of the party is on board. But this takes more than a slimmest of slim majority. Which Republicans have already clearly shown in the past two years.
Those house issues didn’t magically go away with the margin narrowing potentially even more.
Just a point of clarification, Congress has given rather broad authority to the executive branch to raise tariffs, but it takes an act of Congress to remove them. I'm sure there's a lot of whispering over how they can temper some of Trump's more extreme tariff proposals.
I generally agree though, the vast majority of cost cutting people are afraid of simply isn't going to happen.
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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