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
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    8 days ago

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

    • errer@lemmy.world
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      8 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
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      8 days ago

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

      • dhork@lemmy.world
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        8 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.