Remember way back in Feb 2025 when a bunch of people were claiming that Elon and Doge were going to fix the national debt?! I recall a lot of skepticism from some to the notion that Elon had zero interest in reducing the defecit and wasn't even trying.
> Moody’s said it expected federal deficits to widen to almost 9 per cent of GDP by 2035, up from 6.4 per cent last year, owing to increased interest payments on debt, entitlement spending and “relatively low revenue generation”.
Yes, and this was extremely predictable. Hopefully once the disaster gets a bit more clear more people will see what's happening.
> Moody’s said it expected federal deficits to widen to almost 9 per cent of GDP by 2035, up from 6.4 per cent last year, owing to increased interest payments on debt, entitlement spending and “relatively low revenue generation”.
Yes, and this was extremely predictable. Hopefully once the disaster gets a bit more clear more people will see what's happening.