HODLr on Nostr: Welcome to #nostr ...

Welcome to #nostr

quoting nevent1q…ses0

Can Trump & Elon cut $2T in spending this year, realistically?

Conclusion
In total putting all those cuts together: $200B + $70B + $470B = $740B of potential cuts.

This is quite close to Elon Musk’s stated goal of $1T. Given the calculations and reasonings above, ~$1T now sounds quite reasonable to be cut. However, this still leaves a ~800$B deficit that needs to be printed just like in all the years before.

Yes, AI is going to make things more efficient but also the US population is aging and has lesser of a younger and productive workforce as decades ago.

https://medium.com/@NathanSternX/can-trump-elon-cut-2t-in-spending-this-year-realistically-a8ad6f103803