this post was submitted on 01 Dec 2024
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Yeah, my coworkers were kind of excited about Trump cutting $2T, and I tried to explain to them that's not feasible with the way budgets are set up. They could maybe cut $1T if they really went deep, but to get anything more, they'd have to cut SS, Medicare, and the military, and Trump said that's off limits.
I doubt they'll hit $500B. They might get $2T over 10 years (so $200B/year) though, which I guess is how Congress likes to quantify spending changes to lessen the blow.