by Looks like DOGE/Elon trying to reduce top line by T by September… US GDP T/yr…. So no multiple that’s a direct 3.7% … I guess they think they’re only reducing govt spending on unnecessary regulatory activities or something… climate nutter stuff etc… maybe the “Argentina model”… 🤔Reducing the federal deficit from T to T in FY2026 requires cutting an average of ~B/day in projected 2026 spending from now to Sept 30. That would still result in a ~T deficit, but economic growth should be able to match that number, which would mean no inflation in…— Elon Musk (@elonmusk) January 31, 2025 He seems to understand the Art degree figure of speech “money!” as rather a scientific abstraction:The real economy is not money, it is goods & services. Money is simply an abstract representation
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes A Third Double-Fluke Case For A Triple-Switching Example
Angry Bear writes Making Manufacturing Great Again
Joel Eissenberg writes Annals of “government efficiency”
Daniel Becker writes Democratic Policy Without Ideology is just Random Activity
Looks like DOGE/Elon trying to reduce top line by $1T by September… US GDP $27T/yr…. So no multiple that’s a direct 3.7% …
I guess they think they’re only reducing govt spending on unnecessary regulatory activities or something… climate nutter stuff etc… maybe the “Argentina model”… 🤔
Reducing the federal deficit from $2T to $1T in FY2026 requires cutting an average of ~$4B/day in projected 2026 spending from now to Sept 30.
That would still result in a ~$1T deficit, but economic growth should be able to match that number, which would mean no inflation in…
— Elon Musk (@elonmusk) January 31, 2025
He seems to understand the Art degree figure of speech “money!” as rather a scientific abstraction:
The real economy is not money, it is goods & services.
Money is simply an abstract representation of real things. https://t.co/mmOHBdTmkr
— Elon Musk (@elonmusk) January 31, 2025