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'None of this is about saving money': Fury over Trump-Musk purge of federal workers
(www.commondreams.org)
Never was...
This is a coup...
this post was submitted on 15 Feb 2025
284 points (99.0% liked)
politics
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A very stupid but somewhat effective coup
Somewhat effective? How much more effective you want it to be?
I don't want this time line at all
Trump ballooned the Federal debt by $8 trillion in his last term.
Those were rookie numbers. This time round he's gonna destroy the credit rating, bankrupt the state, and sell off the whole country to corporations, piece by piece.
A) yes I believe you say truth B) how would trump make money by destroying the credit rankings? Don’t rich bank people make money when they can effectively evaluate risks?
Borrow a lot and default, a quick way to get cash and torch your credit rating. Trump and his billionaire friends will do everything they can to suck the marrow out of America and leave it empty. Bankers' credit models can account for political risk, but that's more tailored to countries like Argentina, not the world's largest economy. We're in new territory.
So basically just how Trump ran his casinos into the ground? Get all the money he can from the government and declare bankruptcy to not have to pay the bill. gReAt BuSsInEsSmAn!
If you know how markets will react ahead of time, you can make money. Additionally:
- Take out massive loans and build/buy physical assets ASAP
- Destroy economy by removing bank regulations, federal insurance on banks, let America default on loans
- Bank goes defunct and can't collect loan from you
- ???
- Profit
Right wing economics thinks that the free market solves everything, and that government just gets in the way and prevents the market from solving everything. That's why they want to dismantle the government, they think it will lead to glorious prosperity. You can see this when Musk says the future it's going to be amazing and various other things like that from many people. Now there are a lot of other things going on, but that's basically the origin. To them if it makes profit, then it is good in every sense by definition. And they think if it doesn't make profit, then it is bad in every sense, again by definition. The more profit it makes, the more good it is.
And never mind those pesky externalities; those are for the poors to suffer.
To them you're only poor if you didn't pull yourself up by your bootstraps, again because profit good by definition. If you are poor, then you are bad by definition.
Of course it's not. If it was, "DOGE" would include the enormous defense budget in its targets. They're only targeting comparatively small social programs, because they're ideologically driven not "efficiency" driven
It's about undermining all of us poors influence and unchecked power so we can be billionaire's slaves