The US budget deficit is currently around $1.9 trillion and the country is paying billions in interest on that debt. It’s like one of us living on a maxed out overdraft and credit cards, we’d be drowning in debt, a horrible situation to be in.
So government spending does urgently need to be reviewed, but the way it’s being done is what’s so shocking, talk about a sledgehammer approach.
From what I’ve read, Milei’s approach is working in Argentina and he gifted Musk the chainsaw as a joke. But Milei had a well-planned strategy, totally different to the mess we’re experiencing.