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There is a time for everything, a time for peace and a time for war, and a time when politics takes command and civilization marches backward, when people feel the eternal verities no longer apply.There is a time for everything, a time for peace and a time for war, and a time when politics takes command and civilization marches backward, when people feel the eternal verities no longer apply.There is a time for everything, a time for peace and a time for war, and a time when politics takes command and civilization marches backward, when people feel the eternal verities no longer apply.
A kiss is still a kiss…and a bubble is still a bubble…
Picking fights with other people is still not a good idea…
Spending more than you can afford still leads to bankruptcy…
And people who say they are going to stop taking so many drugs…or drinking so much…or spending so much, etc. etc. still don’t always follow through.
As expected, Elon Musk has already given up on his stated aim of shaving $2 trillion off the US budget. Huff Post:
Elon Musk Walks Back Vow to Find $2 Trillion In Wasteful SpendingRepublican budget guru Elon Musk admitted Wednesday that his vision of $2 trillion in spending cuts is not very realistic. The billionaire entrepreneur and President-elect Donald Trump consigliere said in an interview on his website X with Mark Penn, a Democratic pollster turned marketing executive, that the $2 trillion figure was merely aspirational.
Which just goes to show how serious the commitment was. Musk’s original estimate was 100% too high…off by a trillion dollars. It was just election fluff. Balancing the budget was never a real goal…but merely an ‘aspirational’ goal. Musk says he’d be happy with a $1 trillion cut.
Our forecast: He won’t get anywhere near it.
But wait. Even if Musk/Ramaswamy subtract $1 trillion…the Trump team will probably add a trillion. So, what do we have? Net?
Nothing. The debt still rises to $40 trillion next year…and $50 trillion by 2030. And the US still goes broke.