You can afford it, it's fairly close to a neutral thing, for a government to have debt.
Right now, the US gets to set the terms for those loans.
> How is cutting costs a bad thing?
Consider weight as an analogy: Most people can do with loosing weight, losing weight by getting enthusiastic amateurs to perform a quadruple amputation is not advisable.
Musk's target can only be met by deleting your entire armed forces.
And then you have to find another $1.2 trillion.
So the military and the entire CIA, FBI, NSA, DHS, NASA, Federal Highway Administration, FAA, the Department of Agriculture, the Department of Commerce, Department of Justice, the Treasury, …
… all that plus the military still doesn't add up to Musk's target.
Unless you want to cut stuff that's considered "mandatory" (like military pensions), or the interest repayments on the very loans you wish you didn't have.
You can afford it, it's fairly close to a neutral thing, for a government to have debt.
Right now, the US gets to set the terms for those loans.
> How is cutting costs a bad thing?
Consider weight as an analogy: Most people can do with loosing weight, losing weight by getting enthusiastic amateurs to perform a quadruple amputation is not advisable.
Musk's target can only be met by deleting your entire armed forces.
And then you have to find another $1.2 trillion.
So the military and the entire CIA, FBI, NSA, DHS, NASA, Federal Highway Administration, FAA, the Department of Agriculture, the Department of Commerce, Department of Justice, the Treasury, …
… all that plus the military still doesn't add up to Musk's target.
Unless you want to cut stuff that's considered "mandatory" (like military pensions), or the interest repayments on the very loans you wish you didn't have.