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Republicans’ Closing Argument: We Will Wreck the Economy

www.bloomberg.com Republicans’ Closing Argument: We Will Wreck the Economy

The former president’s allies have used the final days of the campaign to argue for sharp spending cuts that would harm millions of Americans.

Republicans’ Closing Argument: We Will Wreck the Economy

Summary

Donald Trump’s allies, including Elon Musk and John Paulson, are advocating sudden, unspecified spending cuts, likely targeting healthcare and social programs if Trump wins.

Despite strong economic performance under Biden, Trump’s agenda could double the national debt, raising taxes for most Americans while benefitting the wealthy. His policies may cut essential programs, lowering living standards in the short term.

Trump’s campaign has been a bait-and-switch, promising economic restoration while hiding the dire consequences of his proposals.

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