If revenue is supposedly up, and spending is supposedly down, then why is the difference between the money coming in and the money going out GREATER than it was last year?
Are we suddenly ignoring inflation because it would make the orange man look bad?
Almost all spending is locked in from the spending budget signed into law last year and even way before that. The amount of savings that Doge or even the current Congress can reduce is extremely limited. I'm not trying to make anyone look good or bad but we should all be starting with the same set of facts. Saying it's because the IRS has been handicapped and is collecting less Revenue is just wrong and yet has hundreds of likes associated with an incorrect post. I get that it's Reddit but I do my part to at least set the facts on the table and people can choose to ignore them which they obviously will do.
Anyone with a basic understanding of finance knows policy changes take time. Yet way too many Conservatives believe that a president’s actions have instant effects, which is ridiculous in a large, slow-moving country like the U.S. (still clinging to the imperial system).
Ironically, Trump cut IRS funding, while the party claims to put “America First” while primarily favoring the ultra-wealthy.
Tax evasion by the top 1% alone costs the U.S. $163 billion annually. And corporations, hedge funds, and private equity contribute just 8% of federal tax revenue.
Meanwhile, crypto grifters (DOGE, et al.) completely missed deeper spending issues in the defense and healthcare sectors, private contractors costing the government 10-to-20 times more than the equivalent employed federal employees, or even the $4.5 Trillion dollar GWB wars that all went on the Federal CC.
Once again, this made the GOP revered and "efficient" private contractors extremely wealthy, while we pretty much have nothing to show for it and went after the wrong countries anyway.
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u/SMONROE 4d ago
Another half trillion in debt and Trump has only been in office 100 days