surely a recession is looming... could a depression be on the horizon too?

As we look at the economy, and the harm that is being done to it - without any thought whatsoever - it becomes clear that we will have a significant economic downturn coming in the near term.

Delon Trusk are dismantling government and slashing payroll without really thinking about the broader economic impacts.  They're thinking like business people.  If you lay off employees at a company, you impact those people, and the local economy in a targeted area.  And the company can right itself and focus on whatever business, while other companies likely will compete for the business that's been dropped.

But if you lay off significant numbers of government employees, that has a broader impact to the country as employees provide services everywhere and there isn't anyone who can step in to a lot of this.  And there is nothing that can fix it.  Unemployment goes up, and businesses that support the people employed will also wind up having an impact.

Consider that if you cut a significant number of people who live in DC then there is an inventory of apartments, there are fewer people getting their suits pressed, restaurants won't be frequented for lunch, and so on.  The downstream impact could be catastrophic.

In fact DC has already put together a multi year forecasted budget and they see that they'll have greater than a $300 million budget shortfall each year - meaning that they won't be able to fund schools, libraries, or even pick up garbage.

Its bad.

Then we look at the ripple effects to housing, cost of living, and consumer confidence.  The stock market is a reflection of that to a degree and traders have no idea which way things will go and so the market goes down.  

Which will likely lead to a recession sometime later this year.

Recession
a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

And as unemployment starts to spike, while companies are unsure what to do, and really do you trust the knuckleheads in key financial positions to account for inflation?  We may be headed to a depression, as early as 2028 by definition.

Depression
A depression is a severe and prolonged downturn in economic activity. A depression may be defined as an extreme recession that lasts three or more years or that leads to a decline in real gross domestic product (GDP) of at least 10% in a given year. Depressions are far less common than milder recessions. Both tend to be accompanied by relatively high unemployment and relatively low inflation.