Summary

Elon Musk and Vivek Ramaswamy, leading Trump’s “Department of Government Efficiency,” are pushing for $2 trillion in federal budget cuts, which could target Social Security and Medicare.

While they claim to streamline government, critics argue billionaires like Musk and Ramaswamy are unaffected by these cuts, which could harm ordinary Americans who depend on these programs.

Despite Trump’s repeated promises to protect Social Security, skepticism remains over whether these cuts will influence Congress, where voter opposition to reducing benefits is strong.

Critics call the department’s influence limited but politically concerning.

  • dhork@lemmy.world
    link
    fedilink
    English
    arrow-up
    8
    ·
    16 days ago

    They don’t have to worry once all the Dogecoin they bought for $0.002 is now worth $69

    • errer@lemmy.world
      link
      fedilink
      English
      arrow-up
      10
      arrow-down
      1
      ·
      16 days ago

      There are two ways crypto goes up in dollar value: the crypto is intrinsically worth more, or the dollar is intrinsically worth less

    • chingadera@lemmy.world
      link
      fedilink
      arrow-up
      3
      arrow-down
      1
      ·
      edit-2
      16 days ago

      Hahahah I think you spelled “when they all fall victim of a pump and dump schemes, again” wrong

      • dhork@lemmy.world
        link
        fedilink
        English
        arrow-up
        7
        ·
        16 days ago

        No, the Broligarchs don’t have to worry, because they have enough liquidity that they will be the ones pumping and dumping. It’s all the plebes who listen to their podcasts and invest In the “next big thing” that will be holding the bag.