Right now according to the DOGE website, the cuts have saved $115B. That is less than 6% of the budget deficit, even doubling or trippling the DOGE savings do not move the needle much. Entitlements and Defence spending need to be cut, and revenue needs to increase as I 100% know that we have to stop deficit spending, and start reducing the debt. Besides the President and his cabinet, I have seen no economist (on either side of the aisle) say that tarrifs are an effective tool to increase revenue, and the uncertainty it is creating, certainly does not seem worth it.

I just listened to Scott at the JPM Industrial's conference and he did not give the indication that the sky is falling, this is the same conference that in 2020 where he was almost got laughed out of the room when he said the sky was about to fall, re: Covid.

My personal opinion is a recession could stop hiring, but with retirmenets, and new jets - I really dont see a furlough scenario, especially with >1,200 retirements between now and DEC2027.