It’s to create indentured servants for the capital class, due to structural labor shortages that will persist into the future due to compressing working age populations and a rapidly falling total fertility rate. Reducing social service spending also reduces federal expenditures that can lead to a reduction in federal income tax demand from the wealthy (this makes room for wealthy tax cuts). Roughly speaking, the top 40% of income earners have a federal tax liability and the bottom 60% don’t.

Where do profits and growth come from? Workers, in the aggregate.

https://usafacts.org/government-spending/

https://www.mckinsey.com/mgi/our-research/dependency-and-dep...

https://www.cato.org/cato-journal/spring/summer-2018/demogra...

https://www.cato.org/cato-journal/spring/summer-2018/demogra...

https://ourworldindata.org/grapher/children-born-per-woman

https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que...

https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu...

Structural unemployment is real and built into the USA's economic system. Controlling inflation is a higher priority than full employment. There are more people than jobs, and advances in automation, AI, and robotics will only make this worse. We need a plan that recognizes this and that provides the essentials of life for those who no longer have a place in the economy.