Subject: Re: I'm surprised the Market is taking this so we
And what about Musk's plans for 2 trillion in Federal spending cuts in order to "right the ship"? Perhaps only companies with large gov't spending income will suffer?
Also not going to happen. Most government spending is non-discretionary or defense. The rest is only 14% of the budget, or about $900 billion. There isn't $2 trillion to cut without Congress signing on. And Congress isn't signing on to entitlement reform - especially since Trump doesn't care about it either. He showed no interest in pursuing a Paul Ryan-style austerity budget his first go-round, and there's no reason to think that's changed.