The Doge initiative (government waste reduction/efficiency) could cut $1-2 trillion from the budget, which would reduce deficits and borrowing costs in the short term, but could also reduce economic growth because there is a strong correlation between government spending (even fraudulent/wasteful spending) and GDP growth

causalpending

Speaker

Jim Bianco

Evidence Quote

you could say that there's a strong correlation between government spending and growth in the United States and even if that is spending that is being done fraudulently it is still economic activity

Source

MacroVoices #467 Jim Bianco: The Mar-a-Lago AccordBianco Research
Created: 8/11/2026, 7:52:47 AM

My Notes

Loading notes...