{"id":15722,"date":"2024-12-15T16:16:23","date_gmt":"2024-12-15T16:16:23","guid":{"rendered":"https:\/\/lonecandle.com\/?p=15722"},"modified":"2024-12-15T16:16:24","modified_gmt":"2024-12-15T16:16:24","slug":"elon-musk-assures-voters-that-trumps-victory-would-deliver-temporary-hardship","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=15722","title":{"rendered":"Elon Musk assures voters that Trump\u2019s victory would deliver \u201ctemporary hardship\u201d"},"content":{"rendered":"\n<p>&#8220;Were Trump to implement Musk\u2019s vision while simultaneously honoring his promise to avoid cutting entitlements and the GOP\u2019s commitment to avoiding defense spending cuts, then he would need to slash all other government programs by 80 percent. That would involve gutting all social services for low-income Americans, food inspections, air safety, health insurance subsidies, and infrastructure investments, among countless other things.<\/p>\n\n\n\n<p>This would abruptly and massively reduce demand in the US economy, potentially triggering a recession.<\/p>\n\n\n\n<p>There is little reason to expect such severe and haphazard spending cuts to benefit the economy in the long term. After all, government investments in&nbsp;<a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=4705468#:~:text=Findings%3A%20The%20results%20indicate%20a,but%20still%20significant%20positive%20effect.\" target=\"_blank\" rel=\"noreferrer noopener\">education<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/www.epi.org\/publication\/the-potential-macroeconomic-benefits-from-increasing-infrastructure-investment\/\" target=\"_blank\" rel=\"noreferrer noopener\">infrastructure<\/a>&nbsp;often increase the economy\u2019s growth potential \u2014 slashing funding for such programs could impair America\u2019s economic performance in the coming decades.&#8221;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.vox.com\/politics\/381637\/elon-musk-donald-trump-2024-election-temporary-hardship\">https:\/\/www.vox.com\/politics\/381637\/elon-musk-donald-trump-2024-election-temporary-hardship<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Were Trump to implement Musk\u2019s vision while simultaneously honoring his promise to avoid cutting entitlements and the GOP\u2019s commitment to avoiding defense spending cuts, then he would need to slash all other government programs by 80 percent. That would involve gutting all social services for low-income Americans, food inspections, air safety, health insurance subsidies, and infrastructure investments, among countless other things.<br \/>\nThis would abruptly and massively reduce demand in the US economy, potentially triggering a recession.<\/p>\n<p>There is little reason to expect such severe and haphazard spending cuts to benefit the economy in the long term. After all, government investments in education and infrastructure often increase the economy\u2019s growth potential \u2014 slashing funding for such programs could impair America\u2019s economic performance in the coming decades.&#8221;<\/p>\n<p>https:\/\/www.vox.com\/politics\/381637\/elon-musk-donald-trump-2024-election-temporary-hardship<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[7,278,221,1349,217,165,1118,1598,1193,1247,411,279,170],"class_list":["post-15722","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-debt","tag-deficit","tag-donald-trump","tag-economic-growth","tag-economics","tag-economy","tag-educated","tag-elon-musk","tag-government-spending","tag-infrastructure","tag-policy","tag-spending","tag-trump"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/15722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15722"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/15722\/revisions"}],"predecessor-version":[{"id":15723,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/15722\/revisions\/15723"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}