Mark Cuban
Mark Cuban|Apr 05, 2025 02:41
Well we can’t grow our way out of it any more. We need to reduce interest rates. That reduces how much we pay in interest. IMO, best way would have been to implement DOGE cuts in an organized manner over 24 months. That would slow the economy, pushing down rates and probably giving cover for the fed to further reduce rates. More importantly it would give those fired, those who lost their funding and the communities they live in, a chance to prepare and adapt to the changes. Doing them all at once is destructive, particularly to smaller cities and states who depend on fed dollars The concept of DOGE is right on. We need to cut spending. The implementation has been horrific. In fact had it been staggered they may have been able to cut even more. Constructively Once tariffs went up so much, when combined with the simultaneous DOGE Cuts, it was inevitable that we would see carnage. And to make matters worse , because tariffs are inflationary , that makes it hard for the fed to cut rates. So whatever gains we may have gotten from DOGE were taken in lost net worth , tax receipts and consumer buying power
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