Why Government Spending Is Soaring & How Elon Musk Plans to Fix It

The Higher Standard

In this episode, hosts Chris, Saied, and Haroon tackle the behemoth that is U.S. government spending. With deficits skyrocketing 287% year-over-year and the national debt now exceeding $33 trillion, the hosts break down how this level of fiscal mismanagement impacts everything from mortgage rates to Social Security. They also delve into Elon Musk and Vivek Ramaswamy's bold new roles in the Department of Government Efficiency, dissecting what their proposed agency cuts mean for the average American. Spoiler: The Department of Education and IRS might be on the chopping block.

➡️ As always, the conversation is packed with sharp humor and insightful analysis. Whether you're intrigued by the $250 billion deficit balloon in just one month, or curious about how Treasury bond issuance influences your car loan, this episode has you covered. By the end, you'll have a deeper understanding of why "balancing the budget" isn't just a catchy slogan—it's a necessity. Plus, a sprinkle of conspiracy theories and Musk's Dogecoin-inspired department name makes this one a must-listen.

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🔗 Resources:

Deficit spending surges to $250 billion in one month (The Kobeissi Letter via X)

What Elon Musk and Vivek Ramaswamy could abolish in the name of government efficiency (Yahoo! Finance)

Elon Musk and Vivek Ramaswamy appointed to lead Trump’s “Department of Government Efficiency” (CNN)

Federal deficit reaches alarming new heights (Yahoo! Finance via Instagram)

How government spending affects you (Yahoo! Finance via Instagram)

Americans fall further behind on debts as household debt reaches all-time high (Yahoo! Finance)

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