9 March, 2025
I’ll put this here, because Heather Cox Richardson enumerates the many elements of the chaos being sowed far better than I. From her “Letters from an American” that arrived in my emailbox this morning:
“Yesterday, Treasury Secretary Scott Bessent made it clear that the Trump administration’s goal is to slash the federal government and to privatize its current services. As the stock market has dropped and economists have warned of a dramatic slowdown in the economy, he told CNBC “There’s going to be a natural adjustment as we move away from public spending to private spending. The market and the economy have just become hooked, we’ve become addicted to this government spending, and there’s going to be a detox period.”
Bessent’s comments reveal that the White House is beg...
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