3 ms·
Musk has zero chance of freeing up a ‘significant’ fraction of the budget. 73% of the budget goes to mandatory spending (social security, Medicare, Medicaid, in
by BenFranklin100 2y ago
Musk has zero chance of freeing up a ‘significant’ fraction of the budget. 73% of the budget goes to mandatory spending (social security, Medicare, Medicaid, interest payments, and other income assistance programs). Musk will touch zero of this. Trump and the GOP won’t let him. The Democrats too for that matter. And it’s mandatory spending is what has been exploding over the last decade, not discretionary spending
The remaining 27% is split 50/50 between defense and everything else. Musk will not be given access to the DOD. The remaining half of discretionary includes things like transportation, R&D/science funding , education, NASA/SpaceX, climate/energy, etc… essentially a lot of high value investments for our future that slashing would be like shooting ourselves in the foot.
https://www.pgpf.org/federal-budget-guide/ https://www.pgpf.org/federal-budget-guide/
- kelnos 2y agoIt's so sad and disappointing that no one seems to understand this. It is literally impossible for Musk to cut $2T of spending, at least not without an act of Congress. An act that would likely be career suicide for even the most right-wing reps and senators once their constituents stop receiving their social security checks and health care. And when the bond market collapses when we stop paying interest on our debts.