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?
Pretty 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.
Why 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.
The 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.
A 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.
