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11-27-2024, 04:55 PM
(11-27-2024, 04:14 PM)SEKYFAN Wrote: https://www.washingtonpost.com/opinions/...-spending/Ever notice how often lunatic lefties post other people's opinions because they cannot form their own opinions?
Being aggrieved is his pursuit of happiness, so 2020’s sore loser is 2024’s sore winner. Hence his announcement that his administration’s adult supervision will not come from Mike Pompeo (West Point, four-term congressman, CIA director, secretary of state) or Nikki Haley (two-term governor, U.N. ambassador). Both have been excommunicated from the Church of Trump for unspecified (but easily imagined) deviationism.
Donald Trump, whose election owed much to inflation, ran promising to increase living costs. His favorite word is (“freedom”? “justice”? don’t be silly) “tariff,” and the point of tariffs is to increase prices of domestically produced goods by depressing competition from foreign goods. (A truism: Protectionist nations blockade their own ports.)
Musk says he can cut “at least” $2 trillion from federal spending — say, one dollar in three. (Fiscal 2024 spending: $6.75 trillion.) Well. Debt service (13.1 percent of fiscal 2024 spending) is not optional and is larger than defense (12.9 percent), which Trump wants to increase. Entitlements (principally Social Security and Medicare) are 34.6 percent and by Trumpian fiat are sacrosanct. So, Musk’s promise is to cut about 30 percent of the total budget from a roughly 40 percent portion of the budget, politics be damned.
Musk might do some good; Trump’s tariffs will do nothing but harm. Both, however, could cause Congress to rethink its decades of delegating dangerous discretion to presidents. They can unilaterally wreck international commerce and domestic prosperity with vague incantations about “national security” and “unfair” practices.
Let the bashing begin...
Messages In This Thread
The world’s richest person is about to receive a free public education - by SEKYFAN - 11-27-2024, 04:14 PM
RE: The world’s richest person is about to receive a free public education - by Hoot Gibson - 11-27-2024, 04:55 PM
RE: The world’s richest person is about to receive a free public education - by jetpilot - 11-27-2024, 05:09 PM
RE: The world’s richest person is about to receive a free public education - by Hoot Gibson - 11-27-2024, 07:17 PM
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