this post was submitted on 14 Feb 2025
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The budget blueprint calls for legislation that would add roughly $3 trillion to the deficit over a decade while imposing deep cuts in spending on health care and food programs for low-income people. That would help pay for $4.5 trillion in tax cuts, a huge sum that Republican tax writers have nevertheless said will constrain their and Mr. Trump’s ambitions. It also calls for raising the debt limit, the statutory cap on what the government can borrow to finance its debt, by $4 trillion, a heavy lift among anti-spending conservatives.

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[–] RangerJosey@lemmy.ml 15 points 1 week ago (1 children)

Just what our already collapsing economy needs. More Reaganomics.

[–] silence7@slrpnk.net 9 points 1 week ago

But think of Musk's opportunity to be a trillionaire!

/s

yup lower taxes and wait till it passes to gut spending and if the second part does not work then just raise the debt and bemoan how the cuts in services are super necessary due to the deficit that is totally because of democrats.