Mark Cuban issues dire prediction amid Elon Musk’s DOGE cuts: ‘Red Rural Recession’

Billionaire businessman Mark Cuban predicted economic disaster for Alabama and other southern states if the Department of Government Efficiency continues on its trajectory of slashing federal workers and cutting spending that bleeds into the private sector.

“I think there is going to be a Red Rural Recession and soon if all the cuts continue as is,” Cuban posted to the Bluesky social media platform on Wednesday.

“All the firings, cancelling of grants and contracts with companies, the closing of offices, disproportionately impact small towns, cities and states,” Cuban continued. “Their finances will be turned upside.”

I think there is going to be a Red Rural Recession and soon if all the cuts continue as is

All the firings, cancelling of grants and contracts with companies , the closing of offices, disproportionately impact small towns, cities and states.

Their finances will be turned upside

— Mark Cuban (@mcuban.bsky.social) March 27, 2025 at 10:14 PM

Cuban’s prediction was issued as several reports of Donald Trump voters impacted by the DOGE cuts began telling their stories.

Among them was Jennifer Piggott, a self-described “MAGA Junkie” from West Virginia who was fired from her Treasury Department job.

“To cut the knees off the working class Americans, it doesn’t make sense to me,” she told CNN in a video posted Thursday.

Piggott, who said she was harassed and had eggs thrown at her home, said she regretted her vote.

Elon Musk, the billionaire owner of Tesla, is the head of the newly created Department of Government Efficiency, or DOGE, where he has gained access to sensitive data and shuttered entire agencies as he attempts to slash government spending.

DOGE’s cuts fueled protests at Tesla dealerships across the country and beyond.

Violent incidents were also reported, including fires set at car dealerships.