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re: Elon: DOGE probably won’t find $2 trillion in federal budget cuts

Posted on 1/9/25 at 8:13 am to
Posted by Statestreet
Gueydan
Member since Sep 2008
13901 posts
Posted on 1/9/25 at 8:13 am to
How much did Biden cut?
Posted by Alabama Slim
Team Massie
Member since Jul 2007
10666 posts
Posted on 1/9/25 at 8:13 am to
Let's take a good hard look at the military and see how close we get to that number.
Posted by GumboPot
Member since Mar 2009
140573 posts
Posted on 1/9/25 at 8:14 am to
quote:

That's why "populism" has become so popular on the right and fiscal conservatism has gone to the wayside.


For me I can play in the red pilled sandbox and pretend that budget cuts will actually fix debt and deficits (which is futile in a debt based system where debt is THE feature).

Or I can play in the black pilled sandbox and say frick it, spend all you want and hope for a monetary collapse so we have the political motivation to make serious changes.
Posted by OceanMan
Member since Mar 2010
23218 posts
Posted on 1/9/25 at 8:14 am to
quote:

Musk told political strategist Mark Penn in an interview broadcast on X that the $2 trillion figure was a “best-case outcome” and that he thought there was only a “good shot” at cutting half that.


Mischaracterization of what he actually said. He said that trying for $2T gives a good shot at $1T.
Posted by idlewatcher
Planet Arium
Member since Jan 2012
97012 posts
Posted on 1/9/25 at 8:17 am to
quote:

budget experts


lulz
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476983 posts
Posted on 1/9/25 at 8:19 am to
quote:

Anyone with a brain knew this, unfortunately elections require people to talk in hyperbole. That being said, not a fan of the amount of backtracking happening before the inauguration begins.


Yes it was always stupid fantasy bullshite, no matter how much melting occurred when this was pointed out.

All hope is not lost, though

RINOs in the Senate are working to fix this the proper way

quote:

Senate Republicans, waiting for their House counterparts to figure out their strategy on border security and tax reform, are planning to use the Congressional Review Act (CRA) to wage a lightning war on regulations implemented by the Biden administration over the past six months.

Senate GOP leaders say their first priority will be to confirm President-elect Trump’s Cabinet nominees but then they will move quickly to passing CRA resolutions to overturn an array of the Biden-era regulations.

But they need to act quickly on the deregulatory front, because a joint resolution disapproving of Biden-era rules needs to be introduced under strict time requirements.

Republican lawmakers introduced 67 resolutions of disapproval to roll back regulations implemented under President Obama during Trump’s first year in office in 2017. Trump signed 16 of those resolutions of disapproval into law that year.


quote:

“It’s a target-rich environment,” Sen. John Cornyn (R-Texas) said. “I think the most important thing is for us to have sort of internal discussion and prioritization.


quote:

“We’re talking through what some of the eligible CRAs might be but that’s under consideration,” Senate Majority Leader John Thune (R-S.D.) told The Hill on Tuesday.
Posted by GumboPot
Member since Mar 2009
140573 posts
Posted on 1/9/25 at 8:21 am to
If we don't grow our debt and deficits year over year how will the Federal Reserve and the underlying banking system survive? They rely on federal government debt and deficits.

Why don't you care about the health of the Federal Reserve and underlying banks? If you stopped federal deficits and ran surpluses year over year the Federal Reserve's biggest customer the federal government would not need them any longer.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476983 posts
Posted on 1/9/25 at 8:22 am to
quote:

Or I can play in the black pilled sandbox and say frick it, spend all you want and hope for a monetary collapse so we have the political motivation to make serious changes.


If this happens there isn't a modern society to have these debates anymore
Posted by FATBOY TIGER
Valhalla
Member since Jan 2016
13160 posts
Posted on 1/9/25 at 8:22 am to
quote:

Elon:


Already playing politics.
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
35949 posts
Posted on 1/9/25 at 8:23 am to
I've said since it's inception that when it's all said and done Doge will have spent more on administrative costs and salaries than it will have achieved in realized savings.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476983 posts
Posted on 1/9/25 at 8:23 am to
quote:

Mischaracterization of what he actually said. He said that trying for $2T gives a good shot at $1T.


Title of thread

quote:

DOGE probably won’t find $2 trillion in federal budget cuts


Posted by charlesmartinmike
North Alabama
Member since Mar 2009
456 posts
Posted on 1/9/25 at 8:23 am to
Here comes Slow, so intent on spiking the ball, that he’s praising government inefficiency.

Posted by Y.A. Tittle
Member since Sep 2003
110962 posts
Posted on 1/9/25 at 8:23 am to
How do you get the populous onboard with the idea of cutting things if you don’t start somewhere?
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476983 posts
Posted on 1/9/25 at 8:23 am to
quote:

If we don't grow our debt and deficits year over year how will the Federal Reserve and the underlying banking system survive? They rely on federal government debt and deficits.

It's been explained to you 100x on here, the same as your inflationary "notes" proposal.
Posted by Robin Masters
Birmingham
Member since Jul 2010
35929 posts
Posted on 1/9/25 at 8:24 am to
Your reach should always exceed your grasp.
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
63510 posts
Posted on 1/9/25 at 8:24 am to
Might as well not even try. Oh well

/s
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476983 posts
Posted on 1/9/25 at 8:25 am to
quote:

I've said since it's inception that when it's all said and done Doge will have spent more on administrative costs and salaries than it will have achieved in realized savings.

That's hyperbolic in the other direction. It's more of a think tank.

The main costs will be the litigation costs fighting the method of attacking the employees/regulations, which is a big number for normal people but decimal points for the numbers we're talking (even if those numbers are well under $2T)
Posted by SlapahoeTribe
Tiger Nation
Member since Jul 2012
12708 posts
Posted on 1/9/25 at 8:29 am to
quote:

the entire discretionary budget was only $1.7 trillion.

Well, there’s $1.7 trillion right there.
Posted by GumboPot
Member since Mar 2009
140573 posts
Posted on 1/9/25 at 8:31 am to
quote:

It's been explained to you 100x on here


What specifically has been explained to me?

quote:

the same as your inflationary "notes" proposal.


U.S. Notes are just as inflationary as Federal Reserve Notes. In terms of currency, once they either leave the U.S. Treasury or the Federal Reserve Bank, respectively, they act economically exactly the same.


The only difference is prior to entering the economy. One comes with debt and the other does not. And you say you abhor debt but fight vigorously for the debt based system.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476983 posts
Posted on 1/9/25 at 8:31 am to
quote:

How do you get the populous onboard with the idea of cutting things if you don’t start somewhere?

That's fine, but the puffery is being exposed.

There is a lot of "well yeah that's what I actually meant when I was melting down over you pointing this out during the election" going on ITT.

And, as I pointed out, the RINOs are actually doing this, and doing it in the proper legal manner.
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