The plan looks strikingly similar to that of Musk and Trump. friend Javier Milei from Argentina. During his presidential campaign, Milei promised to “take a chainsaw to the state,” cut public spending on education and health, and eliminate the central bank and tens of thousands of government jobs. Since his election last year, Argentina has suffered a profound recession And the worst economic downturn in the country for decades, with 57 percent of the population now living in poverty and inflation rising by 270 percent.

Like journalist Kevin Drum note“Elon claims we should literally zero out everything else in the federal budget. All. The FBI, National Parks, Food Stamps, Medicaid, Education, NASA, EPA, Agricultural Support, NIH, All Federal R&D Grants, Embassies Worldwide, FAA, Department of Justice, the VA, the Weather Service, Border Patrol, etc. etc. All.

Meanwhile, Trump other horrible economic plans This would simultaneously cause a dramatic rise in inflation and a slowdown in U.S. production and economic growth. But perhaps it shouldn’t be surprising that two bungling billionaires are planning to manufacture an economic disaster that will hurt disproportionately. poor Americans.