Elon shooting an Uncle Sam carrying a heaving load. Image source: https://pluralistic.net/2025/01/27/beltway-bandits/#henhouse-foxes

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   tanya tussing (tanyatussing@mastodon.social)'s status on Tuesday, 28-Jan-2025 03:13:17 JST tanya tussing

   Some ideas about lowering #USdebt from @pluralistic that add up to:

   "$1.4215t/year without even breaking a sweat, just by tacking (some of) the country's worst looting and tax evasion." "There's plenty of scenarios where interest payments result in the remaining $580b/year in savings, bringing the total up to $2t." "Now, sucking $2t/year out of the US economy all at once..." would hurt the economy, so best to phase cuts in over time.

   https://pluralistic.net/2025/01/27/beltway-bandits/#henhouse-foxes

   #Economics #USebt #InterestRates