21 upvotes, 6 direct replies (showing 6)
View submission: Elon Musk can’t balance the budget
Most budgets are easier to tame on paper, but even on paper it is hard to see where Elon Musk is going to be able to cut anywhere near the amount he claims.
It's an appealing myth that the government is bloated. Or even that paying interest on debt already incurred for example is as discretionary as Musk appears to think. And many of the areas designated for cuts will need congressional approval which means the political will to go up against the wants and needs of constituents aka voters.
Comment by Signguyqld49 at 26/11/2024 at 03:16 UTC
3 upvotes, 0 direct replies
Comment by fuweike at 26/11/2024 at 15:58 UTC
2 upvotes, 1 direct replies
Has Musk said paying interest on debt is discretionary? Or has he just said that the debt needs to be reduced?
Comment by moongrowl at 26/11/2024 at 02:03 UTC
6 upvotes, 6 direct replies
They do waste a lot. We buy aircraft carriers for multi billions while our generals tell us we don't need them. We have a pentagon budget littered with items like a $700 "unidirectional impact generator", aka a claw hammer. We spend more than anyone else on healthcare and get less for it.
Comment by slowmotionrunner at 26/11/2024 at 01:54 UTC
-13 upvotes, 1 direct replies
“It’s an appealing myth that the government is bloated”…. Uh… source please?
Comment by thatVisitingHasher at 26/11/2024 at 02:15 UTC
-8 upvotes, 2 direct replies
I think it’s interesting that out of 7 trillion dollars you think there is no where to cut.
Comment by knotse at 26/11/2024 at 11:54 UTC
-2 upvotes, 0 direct replies
paying interest on debt already incurred
If Russian assets can have their interest zilched, so can the 'national debt'. Halve defence spending for two years (more realistic than an outright moratorium) and there's 2tn already.