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This is yet another thing that will help bring on a recession/depression. First they create unemployment and lower spending from the layoffs. Now anyone left ca
by FollowingTheDao 2y ago
This is yet another thing that will help bring on a recession/depression. First they create unemployment and lower spending from the layoffs. Now anyone left cannot spend money. What effect do they think that will have on the economy?
- johnnyanmac 2y agoPretty clear at this point that Trump is not about creating jobs. And that DOGE isn't about government efficiency. I mean, he declared himself king. This is just a direct attack on America as we know it.
- jarsin 2y agoThey want the 10 year down to zero again. The only way it goes there is to force a recession. There is no other way to do it fast enough to blame the recession on previous administration than to up the unemployment rate fast.
- energy123 2y agoWhy would you force a recession to escape interest payments totalling 4% of GDP? It makes more sense to preserve a strong real economy to help fund those interest payments.
- FollowingTheDao 2y agoA recession does not hurt the wealthy, it helps them. They buy everything the poor sell to stay alive. "You will own nothing and be happy" was a command.
- jarsin 2y agoThe interest payments are greater than the defense budget. It will bankrupt the US. > In 2024, the U.S. government paid $1.2 trillion in interest on its debt, which was a record high. This was the second largest federal expenditure, after Social Security.
- energy123 2y agoIf 4% of GDP will bankrupt the US, then why would you want a recession which will lower GDP by more than 4% compared to the status quo?