Is it not mostly social security and military spending? I.e. not bureaucracy, but what is essentially a savings program and massive wealth transfer to the MIC, neither of which are being affected so far. All this, plus reckless tariffs starting trade wars with the US's closest allies do not inspire confidence that this will have good outcomes.
Note that including social security in the budget spending is misleading. It's essentially a trust fund (albeit under funded) so you can't cut spending in it. You could cut contributions and payouts (essentially privatising retirement even more), but the effects would only be noticed in decades.
I am 62 years old. What is the number 1 discussion topic with my retired colleagues?
How to minimize taxes in retirement. (the RMD causes panic because if forces taxation). Many get a pension, social security, have a 401k, paid off house, and savings. Not everyone needs social security.
