Content
@
0 reply
0 recast
0 reaction
christopher
@christopher
Don’t think most folks on the socials understand what will happen when major government programs and their budgets get cut. So it begins..
7 replies
2 recasts
21 reactions
Zach Davidson
@zd
New Deal increased spending to get us out of the Great Depression. Are you implying that by reducing government spending we’ll enter a New Great Depression?
2 replies
0 recast
1 reaction
christopher
@christopher
I don't think we'll ever enter into a depression since there are many, many programs both public and private that will aid folks most susceptible to economic harm. But I see a world where the United States is getting more vulnerable to competition as we spend less on ourselves and end up in a longer stagflation.
1 reply
0 recast
2 reactions
Zach Davidson
@zd
Totally agree with you on the stagflation point - but I don’t think “more spending” alone solves that problem. Shouldn’t we cut unnecessary spend and reallocate to things that drive growth?
1 reply
0 recast
0 reaction
christopher
@christopher
We had that with the Infrastructure Investment and Jobs Act, plus the Fed with QT. Not sure where else to spend it except AI, but that was obv the CHIPS Act?
1 reply
0 recast
0 reaction
Zach Davidson
@zd
Aside from AI: - Energy independence (Solar or Nuclear) - Transportation (High speed rail) - Space exploration I don’t think the govt needs to spend more. I think they need to cut taxes and red tape so private companies can flourish.
1 reply
0 recast
0 reaction
