That Racist Puerto Rico Joke Just Cost Trump a Major Endorsement
The plan sounds strikingly similar to that of Musk and Trump’s friend Javier Milei of Argentina. When campaigning for president, Milei promised to “take a chainsaw to the state,” cut public spending on education and health care, and eliminate the central bank and tens of thousands of government jobs. Since his election last year, Argentina has suffered a deep recession and the worst economic downturn in the country in decades, with 57 percent of the population now in poverty and inflation up 270 percent.
As journalist Kevin Drum noted, “Elon is claiming we should literally zero out the entire rest of the federal budget. Everything. The FBI, national parks, food stamps, Medicaid, education, NASA, the EPA, farm support, the NIH, all federal R&D grants, embassies worldwide, the FAA, the Department of Justice, the VA, the weather service, the border patrol, etc. etc. Everything.”
Meanwhile, Trump’s other horrible economic plans would simultaneously dramatically hike inflation and slow U.S. production and economic growth. But perhaps it shouldn’t be a surprise that two bumbling billionaires are planning to manufacture an economic disaster that will disproportionately harm poor Americans.