The NY Times published a story last week titled "Even Progressives Now Worry About the Federal Debt." The timing of this story, about 10 days into the new Trump administration, was not coincidental. Have you heard any progressives worrying about the federal debt when Biden was in office? Me either.
...with the debt having tripled as a share of economic output over the past 25 years and interest rates on the 10-year Treasury yield at 4.5 percent, there’s not much “fiscal space” — a nebulous term that basically equates to Washington’s willingness to spend money without courting disaster — in the event of another downturn.
That's downplaying the problem a bit. In fact, we're at a point now where we're paying more for interest on the debt than major expenses like defense.The defense budget in 2024 was about $841 billion.
In 2024, interest costs on the national debt totaled $881 billion — surpassing most other components of the federal budget.
CBO projects that interest costs in 2025 will total $952 billion — an 8 percent increase from the year before, but following increases of 30 and 32 percent in each of the two years before that. This year’s high interest bill is part of a trend that stretches out into the future, as debt continues to climb and relatively high interest rates push up the cost of federal borrowing. Over the next decade, the U.S. government’s interest payments on the national debt are now projected to total $13.8 trillion — the highest dollar amount for interest in any historical 10-year period and nearly double the total spent over the past two decades after adjusting for inflation.
So the next time you hear a progressive say they'd like to see some cuts in defense spending, you might want to point out to them that we're spending more than the entire defense budget on interest payments. Maybe we need to do something about that?
And of course someone is trying to do something about that. President Trump put Elon Musk in charge of DOGE, an effort to cut federal spending down to size in a way that might make it possible to balance the budget for the first time this century. But it's very clear if you've been following the media/Democratic reaction (they are synonymous) to the ending of USAID that Democrats are in a panic. They are deeply committed to the idea that every single agency and spending program is absolutely necessary and should not be tampered with, probably ever.
In other words, their only solution to the current debt problem is to raise taxes to cover whatever we're currently spending and whatever else they come up with next. The idea of attacking the bureaucracy with a machete is like a horror movie to them. They are desperate to stop what Musk is doing and in this NY Times piece out today you can sort of discern how they plan to stop him.
Empowered by President Trump, Mr. Musk is waging a largely unchecked war against the federal bureaucracy — one that has already had far-reaching consequences.
Mr. Musk’s aggressive incursions into at least half a dozen government agencies have challenged congressional authority and potentially breached civil service protections.
Top officials at the Treasury Department and the U.S. Agency for International Development who objected to the actions of his representatives were swiftly pushed aside. And Mr. Musk’s efforts to shut down U.S.A.I.D., a key source of foreign assistance, have reverberated around the globe.
Mr. Musk, the world’s richest man, is sweeping through the federal government as a singular force, creating major upheaval as he looks to put an ideological stamp on the bureaucracy and rid the system of those who he and the president deride as “the deep state.”
The rapid moves by Mr. Musk, who has a multitude of financial interests before the government, have represented an extraordinary flexing of power by a private individual.
Every paragraph in this story is like a resistance primer laying out a series of talking points, all of which you'll be hearing from elected Democrats soon.
- No checks and balances.
- Challenges congressional authority.
- Bureaucrats shoved out of the way with international repercussions.
- Ideological billionaire cutting the bureaucracy.
- Self-dealing?!
- Not even a real government employee.
The partisan bias is so blatant that I actually wonder if the story was written around the talking points they got from Bernie Sanders (or whoever). I mean, it's the same stuff Chuck Schumer is saying. Someone must have written this down somewhere and circulated it.
An unelected shadow government is conducting a hostile takeover of the federal government.
— Chuck Schumer (@SenSchumer) February 3, 2025
DOGE is not a real government agency.
DOGE has no authority to make spending decisions.
DOGE has no authority to shut programs down or to ignore federal law.
DOGE’s conduct cannot be…
It goes on to say, "DOGE’s conduct cannot be allowed to stand. Congress must take action to restore the rule of law." He really hits almost all the same points which doesn't seem like a coincidence.
The usual left-wing response to any proposed cuts to any government spending is to freeze frame some particular, sympathetic victim. Hence, every time conservatives talk about cutting PBS, Dems send out Big Bird. But that's not working this time because, most horrifying of all, Musk seems to have boundless energy for this work and can do it faster than the left can respond.
Very few in the bureaucracy actually work the weekend, so it’s like the opposing team just leaves the field for 2 days!
— Elon Musk (@elonmusk) February 1, 2025
Working the weekend is a superpower 😂 https://t.co/VgyBk1nJIO
He also has the advantage of technical facility. He can just sort spending in a database and go down the line from most expensive to least.
My guess is that @elonmusk is sequencing DOGE from smallest to largest, in order to quickly gain knowledge and build momentum. Start with USAID, then go to Department of Education, then use that knowledge to go after the behemoths: medical, military, intelligence.
— Christopher F. Rufo ⚔️ (@realchrisrufo) February 3, 2025
There seem to be two basic reactions for those who are now in a panic. One is to take a somewhat rational triage approach. Screw DEI, save the NGOs!
I met with a range of people in New York this week, from right-wing anons to establishment-left reporters. The sense is that the Left will concede on DEI—smart liberals consider it a failure—but they are panicking about the idea of defunding the NGOs. That will be the fight.
— Christopher F. Rufo ⚔️ (@realchrisrufo) February 4, 2025
But there's another take which is really just a blind, sputtering rage. There is a lot of that going around too.
I think some dark switch has flipped just very recently. Today I saw a boomer in lefty FB replies fantasize about punching Trump in the face, & then in replies to a larger moot I saw an account doing "blood of tyrants" stuff in anger at the anti-DEI push. https://t.co/M0Dywc15Hc
— Jon Stokes (@jonst0kes) February 1, 2025
It's good that Musk can afford his own security because there are lots of people talking like this. Reddit has been awash in death threats and posts about sending "Luigi" for Musk or his employees.
Death threats posted to Reddit targeting Elon Musk. pic.twitter.com/G5ZULrv030
— Documenting Reddit Threats (@MisterD_R) February 3, 2025
More death threats against Elon Musk from Reddit's "White People Twitter" sub. pic.twitter.com/R2HqLZAC8n
— Documenting Reddit Threats (@MisterD_R) February 3, 2025
Reddit /r/WhitePeopleTwitter posters respond to Elon Musk with..... more death threats
— Documenting Reddit Threats (@MisterD_R) February 3, 2025
" I can’t wait until your little boy gets old enough to realize you used him as a human shield in the days following Luigi’s moment of glory." pic.twitter.com/08vS9roazG
Reddit threatens DOGE employee on a default subreddit. pic.twitter.com/z94TTq7uEA
— Documenting Reddit Threats (@MisterD_R) February 4, 2025
Threats against @elonmusk posted to across Reddit. Zero admin intervention to be seen yet. pic.twitter.com/bioUh2nOag
— Documenting Reddit Threats (@MisterD_R) February 4, 2025
Reddit threatens to assassinate DOGE.https://t.co/QNWv1Qaayi - "Good. Elon should be first."https://t.co/wug3RQZC1B - "Can't happen. He's been using a head shield ever since Luigi..."
— Documenting Reddit Threats (@MisterD_R) February 4, 2025
(Referring to Elon Musks son X) pic.twitter.com/ZKDAtvoRTc
Reddit incites the assassination of Elon Musk:https://t.co/3FhCqozWUE - "From your lips to St. Luigi’s ears."https://t.co/a5RbWLA7nj - "This is the end of the line. The only, and I mean ONLY way of stopping this man, is the Luigi way." pic.twitter.com/mKaGCQMzTE
— Documenting Reddit Threats (@MisterD_R) February 4, 2025
Reddit's communist r/antiwork subreddit calls for Elon Musk to be murdered:https://t.co/Zyjneaqxt9 - "Trump and musk need their own Luigi"https://t.co/j1kuP4cUEJ - "We are Gunning for Change. Luigi"https://t.co/DEfQzOm7zB - "When do the assassinations begin?" pic.twitter.com/CGZ3uIX2Gc
— Documenting Reddit Threats (@MisterD_R) February 4, 2025
It goes on and on. Reddit apparently shut down at least one sub site because of the amount of threats.
Reddit's being forced to take action regarding the calls for assassination against the 6 DOGE employees.
— Alex "The Hatman" Baldwin (@TheHat2) February 4, 2025
Their response is… shuttering r/WhitePeopleTwitter for three days.
No word on the increasing radicalization elsewhere on the site, including calls to "Luigi" Musk and Trump. pic.twitter.com/Rc0i8zut70
Anyway, you get the idea. The Democrats spent most of 2024 comparing Trump to Hitler and we had two assassination attempts. Now Democrats are giving Musk the same treatment and once again stirring people up to domestic terrorism (which is what the Luigi shooting was). How long before they get what they want?
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