this post was submitted on 10 Feb 2025
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Not gonna lie, I agree with this. Pennies are useless.

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[–] [email protected] 14 points 21 hours ago (2 children)

DOGE is shooting for optics, not actual savings. Cutting penny production is about $90M out of the $6.1T deficit. Which isn't as useful to the American people as the headline is for DOGE. Their goal is to get one of these headlines every month to make it look like they're doing something useful.

But 70% of our deficit is: Social Security, Medicare, Medicaid, Military, and Interest payments on debt.

  • They can't cut interest payments, period.
  • They won't cut military, obviously, but there is probably a lot of low hanging fruit here that they should be scrutinizing.
  • They might cut SS or Medi*, predictably eating the faces of their base.

And if they cut literally everything except for these, we'd still run over a $4T deficit. Meanwhile, the quality of life for Americans by cutting all that will get measurably worse.

So yeah, more likely is that they'll keep aiming for random little optics opportunities, while trying to find ways to funnel more of this money to Musk and his buddies via govt contracts.

[–] [email protected] 4 points 19 hours ago (1 children)

What part of the deficit is Social Security? It’s self-funded, no?

[–] [email protected] 3 points 18 hours ago* (last edited 18 hours ago) (1 children)

The boomer generation is getting old. There are more people drawing from SS than paying into it.

[–] [email protected] 1 points 8 hours ago (1 children)

Does that include all the money "borrowed"from SS, or the interest that is supposed to be paid for the "borrowed" money?

[–] [email protected] 1 points 8 hours ago

I do not claim to be an expert on this, just some dude with the internet, so answering that is going to be a team effort.

I'm not sure I follow what you mean by "borrowed" here. Do you mean money borrowed by the Treasury, or by people?

[–] [email protected] 4 points 20 hours ago (1 children)

Or assume they're only pretending to save money and it's all about crippling our government.....

[–] [email protected] 2 points 18 hours ago

Yes, that's exactly the point I made.