Kevin Hassett swoons over more than 300,000 "high-paying" jobs that are "gone forever."

[Miles Archer]

Seriously...HOW MUCH ADDITIONAL INCENTIVE do Americans need to VOTE in NOVEMBER?

Asked by anchor Maria Bartiromo about the administration’s efforts to cut government spending, National Economic Council Director Kevin Hassett said it had made “a huge amount of progress.”

“I think the biggest thing that we can point to is that we’ve cut government employment by 300,000 workers,” he said. “Those are jobs that are very high-paying that are gone forever.”

+He claimed the cuts reduced government spending by “an unthinkable amount of money,” perhaps $1 trillion over the next ten years.

He also said that the administration “reduced the deficit last year by $600 billion” through a combination of higher-than-expected economic growth, tariff revenues, and “supply side effects” of Trump’s massive tax cut, which mostly benefited the wealthiest Americans while gutting the social safety net.

https://www.rawstory.com/kevin-hassett-2676702419/

[Ritabert]

1. Of all his lame ass appointments this one is one of the worst.

[spooky3]

2. And exactly none of this is true. Nt

[Permanut]

3. In my 40 years in accounting, we had a term for this..

Bullshit.

[snot]

4. So when will we start requiring the Pentagon to pass an audit?

[Ocelot II]

5. In other words, 300,000 people no longer have good, high-paying jobs.

Those 300,000 people aren't paying taxes on that income. They aren't buying stuff they used to be able to buy. They aren't investing. And this is supposed to be an improvement?

[Deuxcents]

6. They aren't paying into SS, Medicare, Medicaid

[FadedMullet]

7. Same bullshit as when a big corporation announces layoffs and their stock goes up.

[rsdsharp]

8. $1 trillion over ten years? Not close.

Being wildly generous, let’s say the average salary and benefits is $100,000 per year. Some will be more, but most will be less. Even at that inflated price that works out to $30,000,000,000 per year. That’s $30 billion. Multiply that by 10 years and you’re at $300 billion. Not $1 trillion.

That already inflated figure should be reduced, as others have pointed out, by the loss of tax revenue to the government(s), and contributions to the economy caused by the loss of income.

As I recall, DOGE was supposed to save $1-2 trillion annually. Smilin’ Kevin is a lying sack of shit.

[Wiz Imp]

10. The "savings" would be reduced further by having to hire private contractors

to do some of the work of those whose jobs were eliminated. We know, eliminating those jobs led to serious staff shortages at some agencies, which in turn led to a need to add people to cover legislatively required work. Those private contractors are almost certainly making significantly more than the government workers whose jobs were eliminated.

[AZJonnie]

9. The stupid magafolk hate federal government workers cause they're jealous, racist, and misogynist

All those minorities (esp. black women) with better paying jobs & benefits than them really sticks in their selfish, trite little craws. They think they have their jobs because of preferential hiring and treatment, cause that's what the demagogues tell them.

In reality, it all stems from the billionaire's desperation to be more powerful than the governments of the world, to be "above the law", so they collectively spend billions to manipulate the dumbest, most selfish, and generally most fascist-leaning among us to hate any power the government has to rein their rapacious desires in, and that very much includes the power of its people/workers.

They apparently hate democracy, and desire a return to feudal times, with tribes and clans and people subservient to competing (male) warlords and shit like that. Regressive, ass-backwards, hateful thinking. All of the maga rank and file are pawns, and if they prevail, it will be to all of humanities detriment.

[Wiz Imp]

11. The deficit being reduced by $600 billion last year is also an outrageous lie.

The actual budget deficit was reduced by a measly $41 billion, which is less than 7% of Hasset's totally fabricated number. In the mean time, the National Debt has increased by close to $3 Trillion in less than 15 months of Trump's 2nd term. This after an increase of $8.4 Trillion in Trump's first term.

https://bipartisanpolicy.org/report/deficit-tracker/

https://www.jec.senate.gov/public/vendor/_accounts/JEC-R/debt/Monthly%20Debt%20Update.html

https://www.crfb.org/blogs/how-much-did-president-trump-add-debt

https://www.pbs.org/newshour/politics/u-s-hits-38-trillion-in-debt-after-the-fastest-accumulation-of-1-trillion-outside-of-the-pandemic
U.S. hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

[Renew Deal]

12. That guy is a wlaking talking Democratic commercial