Looks like DOGE/Elon trying to reduce top line by $1T by September… US GDP $27T/yr…. So no multiple that’s a direct 3.7% …
I guess they think they’re only reducing govt spending on unnecessary regulatory activities or something… climate nutter stuff etc… maybe the “Argentina model”… 🤔
Reducing the federal deficit from $2T to $1T in FY2026 requires cutting an average of ~$4B/day in projected 2026 spending from now to Sept 30.
— Elon Musk (@elonmusk) January 31, 2025
That would still result in a ~$1T deficit, but economic growth should be able to match that number, which would mean no inflation in…
He seems to understand the Art degree figure of speech “money!” as rather a scientific abstraction:
The real economy is not money, it is goods & services.
— Elon Musk (@elonmusk) January 31, 2025
Money is simply an abstract representation of real things. https://t.co/mmOHBdTmkr
He's lost or abandoned that understanding. He believes money is finite, and there's a lack, so the government has to save and that will somehow miraculously cause growth because there won't be any "crowding out."
ReplyDeleteHe probably doesn’t want the Federal government giving free munnie to materially unproductive people in order for them to be provisioned doing a job that adds no material value and actually retards materially productive people..,
ReplyDeleteMoney is a little more than a database. Money is held in its own right for status and insurance purposes. I'm starting the think that one of the fundamental problems libertarians and mainstreamer have is they can't get their head around how a credit balance can exist.
ReplyDelete