Republicans' Closing Argument: We Will Wreck the Economy [View all]

The former president’s allies have used the final days of the campaign to argue for sharp spending cuts that would harm millions of Americans.

In the closing days of the presidential campaign, Donald Trump’s allies suddenly have a new message: The US needs sharp, immediate and ill-defined spending cuts.

Elon Musk, who’s been talking about immigration for more than a year, now says he’s going to oversee $2 trillion in reductions. That’s a third of the federal budget, so you’d think there might be some kind of plan for what this involves, but all Musk would say last week is that “temporary hardship” will be involved. What kind of hardship? Well, House Speaker Michael Johnson let it be known last week that “health care reform’s going to be a big part of the agenda” if Trump wins, including a “very aggressive” attempt to repeal the Affordable Care Act. Hedge fund billionaire John Paulson, a Trump supporter, also weighed in last week about the need for steep cuts.


https://www.bloomberg.com/opinion/articles/2024-11-03/republicans-ignore-trump-on-the-economy