A Wall Street Journal analysis reveals a significant increase in government spending. The analysis of Treasury Department data shows outlays $154 billion higher in the current period compared to the same timeframe in 2024 under the Biden administration. This substantial rise occurred since the current administration’s inauguration in January. The findings highlight a considerable shift in fiscal policy.
Despite Musk’s claims suggesting otherwise, the current administration’s spending trajectory is alarmingly poised to exceed that of the Biden administration. This isn’t just a matter of differing opinions; the sheer scale of the discrepancy is becoming increasingly evident. The economic indicators paint a stark picture, far removed from the rosy pronouncements we’ve heard.
The current economic downturn is not a consequence of pre-existing market fluctuations. The strength of the US economy at the end of the Biden term served as a solid foundation. The current crisis is, quite simply, self-inflicted. Poor decision-making and a disregard for sound economic principles are driving the nation towards a fiscal precipice.… Continue reading
Economists are starting to worry about a serious Trump recession, and frankly, the concerns are quite justified. The combination of policy decisions and the general atmosphere of uncertainty surrounding the current administration paints a rather bleak economic picture. Firing significant portions of the federal workforce and simultaneously decreasing government spending creates a domino effect, impacting numerous sectors and hindering economic growth.
This contractionary fiscal policy is further exacerbated by the widespread imposition of tariffs. These tariffs, affecting nearly the entire global trade landscape, disrupt established supply chains, increase prices for consumers, and ultimately stifle economic activity. The resultant uncertainty creates a climate of fear and hesitation among businesses, leading to decreased investment and hiring.… Continue reading
Elon Musk revised his projected federal budget cuts from $2 trillion to $1 trillion, admitting the initial figure was an optimistic “best-case outcome.” This revised estimate, while still substantial, represents a significant downward revision from his previous claim. The $1 trillion goal, according to Musk, offers a “good shot” at achieving significant savings, though achieving this would likely require cuts to mandatory spending programs. Despite the lowered projection, Musk remains confident in contributing to a positive fiscal outcome for the Trump administration.
John Q. Hosedrinker 
Matt Underwood