What Does It Take To Cut $2 Trillion of Fat, Muscle and Bone From the Federal Budget?
Posted by freedomforall 5 months ago to Politics
Excerpt:
"A goal of $2 trillion of budget savings is crucial to the very future of constitutional democracy and capitalist prosperity in America. In fact, the soaring public debt is now so out-of-control that the Federal budget threatens to become a self-fueling financial doomsday machine. So more power to the DOGE of Musk & Ramaswamy. In spades!
For want of doubt, just recall this sequence. When Ronald Reagan was elected in 1980 on a call to bring the nation’s inflationary budget under control, the public debt was $1 trillion.
By the time Donald Trump was elected the first time it had erupted to $20 trillion, which has now become $36 trillion. And under current built-in spending and tax policies it will hit $60 trillion by the end of the current 10-year budget window.
Thereafter, however, soaring interest expense will ignite a veritable fiscal wildfire."
"A goal of $2 trillion of budget savings is crucial to the very future of constitutional democracy and capitalist prosperity in America. In fact, the soaring public debt is now so out-of-control that the Federal budget threatens to become a self-fueling financial doomsday machine. So more power to the DOGE of Musk & Ramaswamy. In spades!
For want of doubt, just recall this sequence. When Ronald Reagan was elected in 1980 on a call to bring the nation’s inflationary budget under control, the public debt was $1 trillion.
By the time Donald Trump was elected the first time it had erupted to $20 trillion, which has now become $36 trillion. And under current built-in spending and tax policies it will hit $60 trillion by the end of the current 10-year budget window.
Thereafter, however, soaring interest expense will ignite a veritable fiscal wildfire."
