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How Bozo is Bozo Bros Economics? [1]

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Date: 2025-03-10

Has the GOP set a trap for itself, with spikes in the bottom of the pit, on a road it has no choice but to travel?

Normally, for Presidential budget process, the Congressional Budget Office (CBO) will determine the impact of legislation, estimate the economic outlook realistically and consider collateral damage.

The current downturn/collapse in teh US economy, which may well get much steeper, directly affects federal revenue, and the ability to absorb legislation like tax cuts. The “savings” Musk and the billionaire cabinet have made to date are got by damaging the economy. A damaged economy does not produce so much revenue, particularly under the newly toothless IRS. If a CBO report is required when considering more tax cuts for billionaires, that report may well find that the drop in revenues from Trump/Musk economic malpractice is greater than the so-called “savings” from cutting essential services, firing hundreds of thousands of civil servants, shutting down productive grants, etc. The headroom for tax cuts would shrink.

UNLESS the rules now in place allow the GOP to end run the CBO, shimmy alongside the pit trap they have prepared for themselves, and slip the payoff to their oligarch masters. If the avoidance of the pit dance is too grotesque, however, important people lose even more confidence. The Dow could lose another percent or two, the corruption premium, so to speak.

The Bozo Bros tandem of Trump and Musk seem to be cognitively limited. They apparently cannot understand that the government is not a business, and its revenue doesn’t come from selling stuff. Government’s revenue is optimal when the private sector is operating efficiently, producing jobs and making sales. Like seven weeks ago under Joe Biden.

Government revenue goes down when people lose their jobs, companies are shut out of foreign markets, essential services are shut down and, say, air crashes are more frequent or weather damage cannot be anticipated.

I am currently trying to get clarity on what rules apply. (I would appreciate expertise in the comments.) Any competent organization would consider the factors of the real world. Needless to say, the Trump/Musk/GOP circus is not competent, and rather than get a realistic estimate of the real cost of legislation, they may very well decide the best thing to do is corruptly fudge the numbers.

[And no, Gummint, you don’t shed problems when you abandon the weakest among us. You just shift them to others, with a net loss of well-being and efficiency.]

Remember, Trump bungled the Covid pandemic into a deep recession (not to mention the needless loss of 800,000+ American lives). Had Congress not been controlled by Democrats and then a competent president taken over in the person of Joe Biden, the Covid Collapse would have been ultra bad. It looks like we may see how bad, since Trump is engineering a collapse that may be even deeper, and will certainly come with more damage to the governing framework and service delivery infrastructure.

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[1] Url: https://www.dailykos.com/stories/2025/3/10/2309336/-How-Bozo-is-Bozo-Bros-Economics?pm_campaign=front_page&pm_source=latest_community&pm_medium=web

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