15 sats \ 6 replies \ @Msd0457890 9h \ on: We're Already on Track for a $2 Trillion Deficit this Year econ
This is due to the inflation that is already in the United States ? or to the uncontrolled printing of the same government ? and we are talking about Baiden's management because Trump has not yet taken office.
It's what they're on pace for already. This projection is based on the first month of the new fiscal year (which is not the same as the calendar year, for some obscure reason), so it is still the Biden administration.
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So legally they continue to denigrate or take away value from the currency, that is, the 💲 dollar.
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Yeah, Congress passes funding resolutions and the President oversees the spending.
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But what measures should they take to reduce spending? Because from what I know they were spending more than what was coming into their economy and that is totally harmful.
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There are lots of good options, but they aren't likely to do them:
- Bring the troops home and sell off the foreign bases
- End all corporate subsidies
- Smooth out the welfare cliffs
- End "foreign aid"
- Relocate federal agencies away from DC (it's the most expensive place in the country)
- Rescind locality pay for remote eligible workers
- Cut departments and agencies down to their minimal size
- Give managers/directors/secretaries bonuses for reducing expenses
- Sell off or rent out federal lands and properties
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That's how the government is, that's how the system is. They know the solution but not the practice.
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