Trump and Musk Cuts Would Rival Thatcher’s 1980s Austerity
Even cuts a fraction as large as Musk has touted threaten to dent the economy.
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If Elon Musk were to get his way, President Donald Trump would preside over an economic overhaul befitting a fellow 1980s icon: Margaret Thatcher.
In his fast-moving attack on the role of government in America, Musk has targeted $1 trillion in cuts in the next year — a figure many economists and budget experts see as highly unlikely. That’s in part because of how difficult it’d be to slash that much spending without gutting entitlement programs like Medicare and Social Security that Trump promised to protect.