Interest payments on the debt is the next big crisis

[Madison320]

Elon has power... he has a huge microphone and nearly infinite money to throw around. While he may not be an elected official, he can absolutely lean on the elected officials to do his will. If he is willing to exercise that leverage that is of course.

My guess is that Trump is too much of a populist to cut spending and he has way more power than Musk. It's going to be interesting to see what happens.

 

[vita3]

I think at least 30%.

I think Musk really wants to cut spending but he has no power. The only way I see them cutting spending is if Trump vetoes the spending bills and call out the republicans who voted for the spending increases. And I don't see that happening. At least not until price inflation is sky high and we're in a dollar crisis and he has no choice.

thanks

 

[Madison320]

thanks

What do you think is going to happen with spending?

The other problem is that we're in the biggest bubble of the history of the world and if you cut spending the economy is going to crash. It has to crash before it resets to a healthy economy. And I don't think Trump is going let it crash, despite it being the right thing to do.