Trump announces plan to stop making new pennies, citing production costs
teawrecks @ teawrecks @sopuli.xyz Posts 4Comments 1,691Joined 2 yr. ago
teawrecks @ teawrecks @sopuli.xyz
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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.
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.