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A comment on DOGE's Only Public Ledger Is Riddled with Mistakes. Parent comment

Re:DOGE's Only Public Ledger Is Riddled with Mistakes by sbochins on Saturday February 22, 2025 @03:27PM (#43142861)
This is a silly charade. To actually cut the debt, it requires congress. Not just saving a couple millions dollars and posting on twitter about it. We’ll need to cut Medicare, Medicaid, social security, the military, etc. All the popular stuff that was never easy and will never be easy to cut. We’re not spending 2 trillion per year on condoms.
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Re:DOGE's Only Public Ledger Is Riddled with Mistakes by bamboozled on Saturday February 22, 2025 @04:40PM (#43143535)
Won’t wiping all this stuff just lead us into a Great Depression anyway ? I’m not an expert on the topic but my basic understanding was that we (government) just decided we didn’t have any money, so everything just stopped.

Like shutting all this stuff down or radically cutting it back will surely have some dire economic impacts?

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Re:DOGE's Only Public Ledger Is Riddled with Mistakes by throw16180339 on Saturday February 22, 2025 @05:22PM (#43143876)
Firing this many government employees, canceling grants, and imposing tariffs guarantees at least a recession.
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Re:DOGE's Only Public Ledger Is Riddled with Mistakes by sroussey on Saturday February 22, 2025 @05:39PM (#43144008)
The government can just print money. So much so that inflation goes crazy and the national debt is pennies. Same with your savings. We have a lot of savers that are old. Wait until they are gone.
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Re:DOGE's Only Public Ledger Is Riddled with Mistakes by intended on Saturday February 22, 2025 @05:22PM (#43143877)
Yup. I’ve seen 2 grand disasters like this each worse than the last. Demonitization in India, Brexit, and now this.

None of those other events had the same depth of damage going on here. America is dead, and doesn’t know it yet.

The only reason people aren’t saying this everywhere, is because this is unbelievable.

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Re:DOGE's Only Public Ledger Is Riddled with Mistakes by TylerE on Saturday February 22, 2025 @05:21PM (#43143868)
Yes. These cuts will set our nation back by decades. Institutions are being destroyed, and with them cultural and institutional knowledge that will never come back.
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Re:DOGE's Only Public Ledger Is Riddled with Mistakes by secos on Saturday February 22, 2025 @05:27PM (#43143923)
or raise taxes.
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Re:DOGE's Only Public Ledger Is Riddled with Mistakes by ZeroGravitas on Saturday February 22, 2025 @05:46PM (#43144064)
They are raising taxes.

Income tax on everyone earning g less than 360K is going up, plus tariffs which are regressive.

They're also cutting taxes for those earning more than that, the top 5%

https://itep.org/a-distributional-analysis-of-donald-trumps-...

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Re:DOGE's Only Public Ledger Is Riddled with Mistakes by ijustlovemath on Saturday February 22, 2025 @06:27PM (#43144371)
Which would probably raise less than a modest wealth tax on billionaires, but we know that will never get traction (even though its an extremely popular policy)
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Re:DOGE's Only Public Ledger Is Riddled with Mistakes by oezi on Saturday February 22, 2025 @06:51PM (#43144574)
What I don't understand is why they want to cut the debt or the budget. Previous terms have shown that increasing spending and racking up debts isn't leading to loss of polls. Why are Trump and Elon going on this cutting spree instead of doling out tax cuts and increasing pork to their constituents on borrowed money?
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Re:DOGE's Only Public Ledger Is Riddled with Mistakes by crooked-v on Saturday February 22, 2025 @08:06PM (#43145126)
Because the Project 2025 plan includes de facto destroying as much of the government as possible to make it easier to replace people with pure cronies.
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