Part 4/9:
Analyzing the current budget revealed that while the total budget stands around $6.7 trillion, projected revenue is estimated at approximately $5 trillion, leaving a significant gap of about $1.6 trillion in deficit. Participants in the discussion examined whether the government could find and eliminate $2 trillion of unnecessary spending without triggering catastrophic economic repercussions. A consensus emerged that such drastic cuts would be impractical, and instead, smaller reductions of around 6-7% could be realistic without destabilizing the economy.