Summary
At the first meeting of the DOGE Caucus, a new congressional group focused on government efficiency, Republican Rep. Greg Lopez stated that cuts to Social Security and Medicare are likely “on the table” as part of debt reduction efforts.
The caucus, led by Elon Musk and Vivek Ramaswamy, aims to slash government spending, raising concerns among advocacy groups about potential attacks on anti-poverty programs.
Critics, including Social Security Works, warn the caucus may push for privatization and benefit reductions.
This comes despite Trump’s prior commitment to protect these programs.
More and more I feel we are seeing the pendulum swing. Normally we see 5-10 year cycles of push and pull along the political spectrum, but I’m becoming increasingly convinced we’re in a century long cycle too.
We no longer have those with living memory of the gilded age, losing those who remember the saving grace that was the New Deal, and fewer and fewer left who were sent to war to fight fascism. Meanwhile the wealth gap is worsening in developed nations across the world, democratic republics are electing more far right parties and authoritarian leaders with populist messages, and the incoming administration is floating the idea of scrapping the FDIC and deregulating anything else on his favorite billionaire’s wishlist.
Seems like we’re right on track for a repeat of the 1930s.
Removing the FDIC or when putting money under the mattress is safer than a bank…