Elon Musk’s Department of Government Efficiency continues to rip through the federal bureaucracy. Certainly, the backlash is growing, but given the size of the U.S. debt, it is either austerity now on our terms or a far more chaotic accounting later. There will be pain. When Greece faced austerity in 2010, its economy shrank by a quarter, and unemployment exceeded 30%. Within a few years, its economy was growing, as was per capita income. The same crowds who protested the center-right for cuts now reward it for restarting Greece’s economic engine.
While many Americans may complain about efforts to return fiscal responsibility to government and to jump-start the economy by reducing the tax burden, even the most spendthrift members of Congress appear to be fiscal conservatives
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