Let's talk about the Trump-Musk math problem getting more complicated....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 24 December 2024
⏱️ 4 minutes
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Summary
Let's talk about the Trump-Musk math problem getting more complicated....
Transcript
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| 0:00.0 | Well, howdy there, Internet people, it's Bell again. |
| 0:04.0 | So today, we're going to talk about how that Trump-Musk math problem got a new variable. |
| 0:11.0 | About a week ago, we talked about the $2 trillion in spending cuts promised by Trump and company |
| 0:18.0 | and the math problem that goes along with it. We went through the numbers |
| 0:23.0 | and showed very quickly that it wasn't going to happen. You can't get $2 trillion in cuts |
| 0:29.7 | out of 1.7 in discretionary spending. And the mandatory spending is stuff like Social |
| 0:36.4 | Security, Medicare, and military retirements. |
| 0:40.5 | A lot of people left comments and messages saying that they could get it from DOD's budget. |
| 0:47.1 | DoD's budget is part of the 1.7 in discretionary spending. The money isn't there to get the cuts people believe will be |
| 0:56.2 | made. When we were talking about it, I said that my guess was that it would turn into $2 trillion |
| 1:02.9 | in cuts over 10 years. Well, according to reporting from the AP, that's pretty close. They're reporting a handshake deal among |
| 1:13.2 | Republicans to cut $2.5 trillion over 10 years. The massively deep cuts Republican rank and file |
| 1:22.0 | were hoping for aren't going to happen. At least not according to the reported deal that was worked out. |
| 1:29.9 | 2.5 trillion over 10 years isn't going to accomplish what people were promised. |
| 1:36.6 | The evidence of this is in the other part of the deal. |
| 1:40.9 | Fiscal Hawks get the 2.5 trillion over 10 years, and they'll raise the debt limit in exchange. |
| 1:48.0 | If the cuts over a decade were going to matter, they wouldn't need the debt ceiling raised. |
| 1:54.3 | What's more noteworthy is that 10-year plans aren't realistic given the current political situation. Trump and company are the driving |
| 2:03.8 | force behind this. A new president coming in can make tenure plans because they're counting on |
| 2:10.7 | eight years in office, with the last two years of the plan kind of on autopilot. Trump doesn't have that. At most, they should have been |
| 2:20.4 | looking at five years out, but maybe they're just confident of a Vance victory in 2028. |
| 2:28.1 | There's not a law that Congress can create that is so heavy Congress can't lift. They can make their plans and future |
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