Mark Cuban Criticizes DOGE’s Spending Cuts: “Fire Then Aim Is No Way to Govern”
On April 5, 2025, billionaire Mark Cuban posted a significant thread on X, sharing his strong views on the economic strategies of President Trump’s administration, particularly the spending cuts by the Department of Government Efficiency (DOGE) led by Elon Musk, as well as the current tariff policies. In his post, Cuban acknowledged that DOGE had the right idea in reducing spending to slow the economy, which could lower interest rates and facilitate debt reduction. He wrote: “DOGE had the right idea. Reduce spending enough to slow down the economy. A slower economy means interest rates come down, and if things slow enough, the Fed reduces rates to juice the economy, and debt repayment gets far cheaper, and the debt comes down with any growth.”
However, Cuban criticized DOGE’s execution, arguing that cutting spending and firing hundreds of thousands of workers all at once disproportionately impacts small cities and states. He stated: “If they had planned it out, gave the country a chance to plan and get ready for the cuts, then it truly could have worked. And with the lower rates, the deficit could have been reduced with lower debt interest costs.” Cuban also warned that the simultaneous imposition of tariffs would fuel inflation, making it harder for the Fed to lower rates and maintain employment—the Fed’s dual mandate of managing inflation and employment.
Cuban suggested that U.S. Commerce Secretary nominee Howard Lutnick might be at risk of being sacked unless Trump adjusts the tariff policy within the next couple of weeks, such as reducing tariffs to a uniform 10% to ease inflationary pressure. He concluded: “Fire then aim is no way to govern. If there’s a plan, show it to us.”
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