Nobel laureate Paul Krugman has expressed concerns over Republican presidential candidate Donald Trump and Tesla Inc (NASDAQ:TSLA) CEO Elon Musk‘s proposed federal spending cuts. Krugman shared his thoughts on X on Thursday, ahead of the 2024 presidential election. What Happened: Krugman stated, “The federal government is an insurance company with an army. You can’t make major spending cuts without slashing Social Security, Medicare and Medicaid and/or weakening national defense.” He referenced a post by Jeff Stein, a White House economics reporter for The Washington Post, who highlighted Trum…
