Can Trump Accomplish His Lofty Goals?
It’s the dawn of a new era for the Federal Government. At least, we hope so. Donald Trump has been re-elected, and Republicans control all three branches of government.
Thus far, it looks as though Trump is off to a strong start. His staff is already preparing a deluge of executive orders to undo much of the damage Joe Biden did by the same process. Trump’s Cabinet is also taking shape. From what I have seen, it may contain the youngest, most capable group since President Kennedy’s famed Whiz Kids in the 1960s.
The question is whether the Trump administration can accomplish any of the lofty goals it has set for itself. Let’s look at some of them.
Reforming the Federal Government
This may be the most challenging yet most necessary objective of them all. Federal bureaucrats have slowly usurped Congress’s power and established themselves as an unelected and uncontrollable fourth branch of government.
It is time for these people to go. Enter the temporary Department of Government Efficiency, which I have nicknamed the Canning Factory. If there is waste in the government, hopefully, Trump’s two manic revolutionaries, Elon Musk and Vivek Ramaswamy, will be able to expose it. Then it is up to Trump and Congress to do something about it.
The goal is to cut two trillion dollars out of federal spending. Unfortunately, I doubt they can do it. As many others have suggested, the reason is that most of the money is tied to Social Security, Medicare, interest on the debt, and the Defense Department. Many other pet programs and pork projects could run into resistance from Congress. Unless Trump is willing to tackle entitlements, the goal may be unreachable.
I would rate their chances at cutting $250 billion at 90%, $500 billion at 50%, and $1 trillion at 10%.
Lowering Prices and Improving the Economy
It........
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