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2 and 20
Canada
เข้าร่วมเมื่อ 20 พ.ย. 2022
Documentaries explaining the world.
The 2 and 20 team is comprised of formers McKinsey consultants, private equity investors and investment bankers.
DISCLAIMER:
This channel is not affiliated with any financial institution. The videos on this channel are for entertainment purposes only and do not constitute financial advice. Those seeking investment advice should seek out a registered professional. 2 and 20 is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment.
The 2 and 20 team is comprised of formers McKinsey consultants, private equity investors and investment bankers.
DISCLAIMER:
This channel is not affiliated with any financial institution. The videos on this channel are for entertainment purposes only and do not constitute financial advice. Those seeking investment advice should seek out a registered professional. 2 and 20 is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment.
Can DOGE Really Save America?
📚 Review our sources ► pastebin.com/8WaxYf8w
💻 Check out our website, newsletter, and more ► linktr.ee/2and20
✋ Get in touch ► 2and20official@gmail.com
The U.S. government has spent over $6 trillion this year-more than the GDP of every country except China. But Donald Trump has a bold new plan to tackle government waste. Introducing: The Department of Government Efficiency (DOGE)-led by Elon Musk and Vivek Ramaswamy.
Their mission? Identify $2 trillion in federal spending cuts. But is this plan realistic, or just political theater?
In this episode, we break down:
📊 Why DOGE Exists
From $840 billion Defense budgets plagued by overpriced contracts to $247 billion in improper federal payments-waste in government spending is out of control. Hear about toilet seats that cost $640, failed IT projects worth billions, and EV stations that don’t exist.
🚀 What DOGE Aims to Do
Can Musk and Vivek succeed where others have failed? We explore historical attempts like Reagan’s Grace Commission and Thatcher’s reforms, and compare them to the ambitious goals of DOGE.
💰 The $2 Trillion Problem
With 61% of federal spending locked in mandatory programs like Social Security and Medicare, hitting DOGE’s savings target is nearly impossible without taking on sacred cows. But is there hope for smarter spending?
🔎 The Real Question
Is DOGE a much-needed reality or a political pipe dream? We dive deep into the numbers, bureaucracy, and politics that stand in the way of meaningful reform.
00:00 - Intro
00:45 - Why DOGE Exists
03:09 - What DOGE Aims to Do
05:21 - The $2 Trillion Problem
11:56 - Conclusion
💻 Check out our website, newsletter, and more ► linktr.ee/2and20
✋ Get in touch ► 2and20official@gmail.com
The U.S. government has spent over $6 trillion this year-more than the GDP of every country except China. But Donald Trump has a bold new plan to tackle government waste. Introducing: The Department of Government Efficiency (DOGE)-led by Elon Musk and Vivek Ramaswamy.
Their mission? Identify $2 trillion in federal spending cuts. But is this plan realistic, or just political theater?
In this episode, we break down:
📊 Why DOGE Exists
From $840 billion Defense budgets plagued by overpriced contracts to $247 billion in improper federal payments-waste in government spending is out of control. Hear about toilet seats that cost $640, failed IT projects worth billions, and EV stations that don’t exist.
🚀 What DOGE Aims to Do
Can Musk and Vivek succeed where others have failed? We explore historical attempts like Reagan’s Grace Commission and Thatcher’s reforms, and compare them to the ambitious goals of DOGE.
💰 The $2 Trillion Problem
With 61% of federal spending locked in mandatory programs like Social Security and Medicare, hitting DOGE’s savings target is nearly impossible without taking on sacred cows. But is there hope for smarter spending?
🔎 The Real Question
Is DOGE a much-needed reality or a political pipe dream? We dive deep into the numbers, bureaucracy, and politics that stand in the way of meaningful reform.
00:00 - Intro
00:45 - Why DOGE Exists
03:09 - What DOGE Aims to Do
05:21 - The $2 Trillion Problem
11:56 - Conclusion
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🎉 Use code 2and20 at incogni.com/2and20 to get an exclusive 60% off an annual Incogni plan. 💻 Check out our website, newsletter and more ► linktr.ee/2and20 ✋ Get in touch ► 2and20official@gmail.com 📚 Review our sources ►pastebin.com/9YYr8Pa6 The US economy is the largest and most dynamic economy in the world. Housing prices and the S&P 500 posted record numbers, and the collective net worth of ...
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ただ単に政策が間違っていただけです。増税し過ぎているだけ。
Japan trying to gaslight foreigners but little did they knew, as a Korean; I know the dark side of Japan and yet, when I talk about it or call them out; Japan and its fans just attacks me which is ironic because I'm pretty sure those people should've been understandable but they want to hide away from the reality and hard truth. Fun Fact: Japan's Government is trying to hide its crimes from public to protect the Japanese reputation, they want to protect reputation over progress. That's why there are no reported crimes daily. There's this weird culture in Japan, hierachy shames you if you quit the JOb and if they expose the Black company or ruthless people, they just shame on the victim, its pretty common and its a major problem.
The facade of decency and god natured people needs to be ripped of that xenophobic society. All that couldn’t be happening to a nicer country.
A great video bro. Amazing.
Unfortunately due to Japan’s xenophobia they refuse to listen to anyone who is not Japanese. Nothing will change in Japan until it is too late and China will buy up whatever is left. Taxes are too high and they need to remove restrictions on part time work and buy more foreign debt from places outside of Asia.
Minute 8 is saying it should be bankrupt fast to recover fast ?
Yeeaaah: C3 Corvette vs. Z32 Twin Turbo!!!
When he said it’s time for change, we didn’t realize he meant hyper-immigration, hyper-inflation, and woke agendas imposed on our children
It doesn’t help that Japanese electronics makers closed their factories and moved the work to China. Welcome to the issue the US has dealt with since the 1960s
Saying not immigrating a bunch of people from other countries with different cultures and values into your country is a negative, that is a wild take. Yeah lets bring in a bunch of people with different cultures and values that don't speak our language, whats the worst that can happen? Why are they not assimilating? What is a no go zone?
Every country has a dark side never heard of Germany?😂
Clearly US had something to do with the fall
今の日本ってそんなに不景気なのかな? 1990年代〜2000年代は本当に酷かったけど それに、バブルも褒められたものじゃないよ
When you have a friend like USA...you don't need any enemy. Japan is the best example of this. I feel what happened to Japan. They could have compete with China if they could grow like they were doing in 60s, 70s and 80s.
"Slow and unwilling to adapt" yep, that's Japan 😂😂😂😂 "Not globally competitive" they can't even speak English. Hopefully we can leave this sinking ship soon.
Imagine living in one of the greatest countries to ever exist and than shooting yourself in the foot by voting for a leftist government.
Great video, thank you for the hard work. God bless… :)
Great video 2&20! DOGE is DEFINITELY a waste of time, energy, and effort. Like you and Lincoln mentioned, the Government Accountability Office can point out waste and inefficiencies, but are routinely ignored. I've been reading a couple of comments and I agree with one commenter (@lincolnsand5127) that the problem isn't solely just waste, but the IRS doesn't have the resources to enforce tax laws. If my memory serves me correctly, part of the inflation reduction act gave the IRS $80 billion dollars to enforce tax law, especially the wealthy who frequently and often avoid and evade taxes, but the republican party fought tooth and nail to strip the IRS of that funding. I also agree with him regarding healthcare that universal healthcare coupled with cost efficiencies is the best strategy moving forward. I also feel you regarding having to deal with government bureaucracy, I went through it myself. I'd rather get punched in the balls than go through that shit again. I could go on, but this comment is already long enough. Great job 🙌
in other words: Its the fault of the USA. They couldnt compete with japanese companies, and forced Japan in 1985 to fuck up their country.
Efforts to cut federal spending often focus on reducing entitlement programs like Social Security and Medicare, with promises of improving efficiency and curbing waste. However, these plans frequently prioritize tax cuts for the wealthy over meaningful reform, leaving safety nets for vulnerable populations at risk. Historical attempts, such as the Reagan administration’s Grace Commission and more recent proposals tied to figures like Elon Musk and Vivek Ramaswamy, highlight a pattern of promoting cuts that benefit corporations and the ultra-rich while sidelining the needs of ordinary citizens. These strategies reflect long-standing ideological goals rather than practical solutions for fiscal responsibility.
Love your replies Mr 20 🎉🎉
Of course! Regardless of how big or small TH-camrs are, we think that replying to comments is super important!
We didn’t expect this video to stir up so much debate, but here we are! Just to set the record straight: we’re not taking sides, or endorsing anyone. The goal was to give an overview of DOGE, dive into its potential impact, and explore how it could shake up years of government bureaucracy and inefficiency. Whether it’s Musk, Vivek, or someone else leading the charge, that’s not for us to decide-we’re just here to lay out the facts and possibilities. We genuinely appreciate the feedback (even the heated takes) and do our best to reply to every comment. Thanks for watching and keeping the conversation alive. Much love as always! ❤ - Kamal
OuR GoAl WaSnT To Be PoLiTIcAl, even though we ended up telling viewers to endorse a political position. 🙄🙄🙄🙄🙄🙄🙄🙄🙄
You clearly don’t like us or our videos, I’ve read your comments and it doesn’t get more political than you. You must be refreshing our video every minute or so with all your comments 😂 touch some grass. We said as an initiative you should be in support of DOGE, we never said you should support Trump or the Republicans. You literally proved our point when we said, “why is this being made to be political.” If the Democrats did this we would say the same thing.
We don’t and didn’t. We literally said cutting back on some of the insane spending is a good thing. Even Bernie Sanders offered to help DOGE cut DoD spending. I guess Bernie must support Trump now according to your flawless logic
@@2and20I don’t like your videos, because they are bad 😂. The fact that you think everyone is being political here but you is indicative of how poorly you’ve been educated lol. I’ll stop letting you engagement farm off of me pointing this out to you for fear of more people having to suffer through this this slop but really do restrain for yourself from adding even more crap to the culture please. There’s plenty of it already.
@@viva5208 reading your replies made me brain dead, the dude worked at McKinsey, he's definitely more educated than you haha
We spend so much on Medicare and Medicaid because a lot of the underlying healthcare infrastructure is fucking terrible. Highly processed foods, low activity lifestyles and lack of access to preventive care means US citizens are from the start, designed tk be unhealthy. Even though we spend so much on healthcare - Medicaid and Medicare have thr lowest out of pocket costs of patients and because of benchmarks laid out by CMS the best patients outcomes when compared to private insurance. I work at an HIE that tracks insurance costs and patients outcomes is one of our projects.
Our next video is on how broken US healthcare is. TLDR: It needs a complete overhaul. Crazy greed, lack of care for health outcomes and more :-)
@2and20 looking forward to it!
Man the editing is really cool ❤
Thank you means a lot!!!
I would like to see the US implement a more relaxed veŕsion of Germanys debts brake. No way that would get put into the constitution though
@@2and20it was put in place by Merkels grand coaliton in the late 2000s into the constitution and requires the German government to always run a budget surplus except in cases of emergencies (such as covid) where they were able to run a deficit for 4 yrs. This has resulted in Germany have a debt to GDP ratio of less than 45% the lowest in Europe by a lot although it has often faced push back from the left and occasionally the right as being too rigid and will probably be relaxed by the next administration
Sorry that was my brother who replied! One of the 2&20 is quite familiar with the debt brake and absolutely agree with you. I think a lot of these issues are structural and require a mechanism to prevent it instead of extreme corrections later down the line
Doge wants to cut 2 trillion meanwhile The entire discretionary budget is 1.7 trillion dollars. I would very much like to see how they even cut 10% of that
Yes we talk about this! It will be very difficult to reach that $2T mark.
ah yes because privatising british companies under margaret thatcher turned out so well for them
We never said that it did! Just speaking to previous examples of this being done.
Elon is an oligarch and if you are his fan youre a lowly peasant. Wake up.
We aren’t fans, there are a lot of aspects to Musk we don’t like but as an operator you have to respect him. If you don’t, then you know nothing about entrepreneurship or operational execution.
@@2and20 There is much to say about your reply - you moved away from the context of your video and my reply of that video to defend Elon in a different sphere. Wow. We should not hand our future over to the unelected (likely) richest man on Eart... the Apartheid emerald brat, who promises us poors "hardship" as he benefits from billions in government contracts. But fine, Ill play your game: Elon is the George Lucas of business. It turns out their initial success (the original trilogy / the Tesla Roadster) was thanks to those who worked with them, and when they were left to their own devices thanks to their wealth and power, they fall flat on their faces (the prequels / the Cyber Truck & Twitter). You cant deny this. The Cyber Truck is the shiny gaudy proof youre wrong. Elon isnt brilliant, he was just lucky enough to put himself at all the key chokepoints - EV charging station design and EV government subsidy, the largest micro-blogging website and all his propagandist buddies, and now space based internet and the lucrative space launch contracts. And now he will reap the benefits. Elon isnt a brilliant operator. Hes just a lucky bridge troll. And if youre his fan, youre a mindless peasant and you'll get the world you deserve. Just stop using this undeserved platform of yours to poison any more minds.
I like the information in the video but good lord I hope you guys are sending checks to VOX for the presentation style. It's seeped into almost every single analysis video on this website.
Haha didn’t know editing style was exclusive to a creator. And a lot of our editing influence actually comes from Johnny Harris and Mapal
no
Crap sourcing, deeply partisan framing, the problems go on. One wonders why you wasted the time producing this slop? Get a different hobby.
What sources were crap? Provide examples of deeply partisan framing. Numerous times we criticize DOGE and have no political horse in this race. This is a non-political take on whether what they say can actually be accomplished and whether it’s feasible. Why are people so political! PS: one wonders why you wasted the time watching and commenting on this.
@@2and20the entire discussion about social security was awful lol, to name a singular example. Claiming that the only way the program can be ‘saved’ from ‘insolvency’ (a term you didnt define for the scare factor one would imagine) by austerity measures is just a complete reproduction of the conservative position. The fact that what you think you are doing is anything other than pure politics is pretty pathetic - and only underlines what slop the entire video is lmao The sourcing problems have been elaborated on up and down the comment section - no need to waste my time here reproducing that. And - seeing what the sheep think is a useful exercise to a point - cheers for helping us see that bud.
The Oracle of Omaha!!! 😂😂
STOP FORCING SELF RESPONSIBILITY TO FIX SYSTEMIC ISSUES! The only fix is to TAX THE RICH APPROPRIATELY! MAGA Reagan is the reason why this generation and everyone after are fucked. STOP DEFENDING THE RICH WITH THEIR TRICKLE DOWN BULLSHIT.
Firstly, I saw you guys said this is objective in reply to another comment, but you end the video with a lot of normative statements. Some other things: 1. Musk and Vivek leading DOGE has a HUGE influence on what it will do and that was not mentioned, it will a department run by the wealthy, and so will aim to benefit the wealthy. 2. The Senate has power of the purse, DOGE as well as the OMB do not have any authority for the allocation of funds, Trump faced impeachment in his first term for delaying the funding to Ukraine, and frankly it’s an attack on the Constitution to attempt to give DOGE budgetary power, make them subordinate and accountable to the Senate if you want to follow the Constitution. Trump won’t do that though. 3. Yeah, there is huge waste in government expenditure, but this anti-establishment, “fuck anything government” approach is ill-willed and will only damage the relationship of the people and government. Especially when nothing actually gets done because electing a billionaire and his posse wont benefit the economically worse-off. 4. Finally, cos I know I’m yapping, the way you presented it in the first half may be technically objective language, but you can’t say “look how much money is spent on Medicaid” in a video about cutting funding without it being politically charged, well-intentioned or not. Thanks the video, super interesting conversation to be had
He’s only going to cut Medicare Medicaid and social security
If you want, I’ll make a bet with you that those programs will be the least impacted. It would be political suicide
@@2and20 popular public support and decision making is not always directly related, if at all
Bro Elon will only use Doge as a way to increase his own assets. They don’t care about government waste especially if they’re the ones wasting it
I never hear about Hamilton, how is the housing cost there? How is this that different from the US over the same period of time?
Ah yes, because Thatcher and Reagan were prime representatives. In The UK pretty much everyone hated/hates Thatcher, there's a rhyme that goes "Thatcher, thatcher the milk snatcher" because she stopped public school mill programs. She also privatised a lot of national assets like social housing which has a strong positive correlation with increasing rent costs Yes the US government is highly inefficient but that's not because of publicization, it's because of idiocracy, everything is a policy issue. Milton Friedman is not a well respected economist amongst modern economists or even economists back in his day, he was viewed as a radical fool, his policy proposals and ideology has been disproven time and time again. Why do you think modern central banks follow Keynesianism?
Not suggesting thatcher and Reagan are liked, I’m giving examples of attempts of reform. Have you spoken with any legit economist with a strong mathematical foundation? I’m shocked you would say such a thing. I’m not a Milton Friedman fan boy and disagree with a lot of what he says (in particular I think he fails to recognize the dangers of unchecked capitalism), but I know tons of folks who absolutely admire him as a thinker (even those who disagree with him). That comment alone makes me think you are not from high finance, entrepreneurship or a top tier economics program. Also, Keynesian economics is part of the reason for high public debt. And it is not the prevailing form of economic thinking. Where are you getting this from? Neoclassical theory is very different from Keynes. Lastly, we aren’t defending Keynes, Friedman, thatcher, Trump or anyone. We are just pointing out that spending is wild and that DOGE is unlikely to hit $2 trillion!!! Why does everyone make things so political?!?!
@2and20 What do you mean? This is a political video... Of course people will talk about politics in it, everything is political and that's why everything is made to be political. Politics is probably one of the most broad disciplines in existence. The prevailing economic theory definitely isn't neoclassical, it's Keynesian. Just look at most of the Nobel laureates in economics over the past decade, they are predominantly Keynesians and mixed market economists who would staunchly disagree with Friedman on his no government involvement ideology. I mean the most recent prize was awarded to those studying government institutions in shaping macroeconomy. Keynesianism is not really the reason for high public debt levels, yes Keynesianism promotes national debt usage to control demand but it's supposed to be paid off during periods of stability, the government lacking to do so isn't the fault of Keynesianism. (Edit) Saying that he was seen as a "radical fool" in his day and nowadays is wrong of me, you're right. More correctly his free market ideology was and is seen as a joke by most influential economists but not his contributions to monetary theory although some of his beliefs in this regard have been disproven but that's to be expected I suppose, nobody is right all the time. Yes many finance bros like Milton Friedman, but I don't really care about that, I care for the opinions of the people with PHD's, not bachelors or masters who went on into investment banking or institutional trading who largely perform worse than a broad market index. Just because "applied economists" like Friedman does not mean that theoretical economists do.
I would fundamentally disagree that they’re kenesians. I think that’s a stretch. Influenced sure, but not prescriptively Keynesian. Again, not saying I agree with Friedman, but you have to be dishonest to claim he isn’t respected to some degree by well regarded economists, especially American economists. I personally think his thinking is very flawed! I’m not sure why you are framing it like we like him! The clip we used was a clip to frame our argument not to support him!
@2and20 Perhaps, most economists nowadays probably don't identify with a binary categorization and the field has expanded into many subfields - Good video anyways
This combined with declined birth rate is a bad sign that this civ is in decline
Can Dogecoin save America? 🤣🤣🤣
This only applies if project 2025 doesn't get passed through. Good information but if trump gets it passed which seems unlikely then he will have nearly full control of government.
Transparently I haven’t read much about Project 2025, and we mostly just focus on the economic side of policy. But I’ll check it out! Thank you for watching and commenting!
Isolationism, tariffs.
To reduce the deficit by $2T, I believe that GDP growth needs to be the bigger focus. Through deregulation, AI productivity gains and increased foreign investment in the US economy (combined with reduced govt spend) we may see a repeat of the roaring 20s
Ya GDP growth is super important, although it wasn’t the focus of our video. Personally, I do believe reducing spending is important too.
All of that will only benefit the rich/corporate. It would do nothing to reduce budget or debt or whatever
Regarding the Grace Commission, your history was incomplete and misleading imo. The GAO and CBO both jointly came out and said their "1/3" numbers weren't even close to accurate whatsoever. The reason DOGE is partisan is because it's a body being led by the richest man in the world and a clown who wants to fire half the federal workforce (yikes). If Trump or others were serious about waste, they would've bolstered IGs and non-partisan bodies like the GAO and actually listened to them instead of creating an absurd political body that wants to abolish large swaths of the government. Also, much of the issue regarding the deficit imv is not spending, it's that taxes are way too low. For much of the 20th century, the highest tax rates were much higher than what they are now. It's absurd that Warren Buffett pays a lower actual tax rate than his secretary. We can look at what Clinton did; Bill Clinton eliminated the deficit (running a slight surplus) briefly during his presidency. Much of our increases in deficit spending and debt correspond with massive tax cuts under Republican administrations. I have some other issues with your framing of deficit spending and government debt and think it's misleading, but I'll leave it there. Hopefully you take my feedback constructively and not as an attack on you personally 👍 Thanks for reading and I apologize for any typos (I'm on my phone atm) Edit: I accidentally wrote that "Clinton eliminated the surplus", when I obviously meant to say "Clinton eliminated the deficit"
I agree partly with the initial part but don’t agree on the tax part. Corporate taxes in the US prior to trumps tax cuts were some of the highest in the OECD, they are currently on par with the OECD average (and depending on the state still higher than places like Canada and France). Income taxes in the US are some of the most progressive on earth. The big difference is that countries like Norway and Sweden have high taxes for everyone. The municipal rate, for example, is flat in Sweden and Norway. If the US adopted their tax regime, there would be revolts on the street. I think increasing income taxes and capital gains on business is wrong. Instead, we should increase taxes on rent seeking / speculation. You want to encourage people to work hard and innovate and discourage people from hoarding land. I would get rid of the 1032 exchange, I would increase capital gains on all real estate excluding densification, and more. I would also introduce a very high inheritance tax which would encourage billionaires to donate their money before passing instead of passing it to kids. Also, the US objectively spends too much. There is no way you could believe that it doesn’t. The US healthcare system, as an example, if it spent as much as its peer group would save $2 trillion! I would rip up the entire US healthcare system and build a new. The department of defence is running around playing war games and spending money unchecked. We could easily help there. Regulations is insane. I’ve had to deal with it first hand and it’s ridiculous. I had to go through 10 people in government for something related to a capital project that cost $20,000! Think about. This project was super simple, and much needed, but I had to file paper work with 10 different bodies and have each review. One rejected me because I didn’t attach the appendix in the same document, even though they had it! I had to wait 4 months for them to review it again. That’s nuts!!! Not saying all of the US government is this way, but this is an anecdote alongside the other data we shared in the video about bloat. All of this to say, you are clearly educated and informed. But I’d challenge you to contemplate the issue being more than just a tax one. And I will also reflect on what you’ve shared because it is valid. Sorry this might have a ton of typos as I’m writing this on a jog hahah :-)
@@2and20 First of all, thank you for replying. I appreciate the opportunity to continue this discussion and share a few clarifications and responses. I completely agree that the existing U.S. healthcare system is massively inefficient-our per capita spending is the highest in the world. However, much of this inefficiency stems from rent-seeking behaviors in the private sector, such as bloated administrative systems in private health corporations and insurance companies. These inefficiencies drive up costs, forcing government programs like Medicare and Medicaid to pay inflated prices. Unfortunately, creating a single-payer or similar system is politically untenable at the moment, as many advocates of DOGE also staunchly oppose such reforms. Ideally, we would adopt systems like Japan’s or Switzerland’s, which blend universal coverage with cost efficiency. For now, though, I see the increase in government spending on healthcare as a symptom of private-sector inefficiency rather than the root cause. You’re right that U.S. tax revenue as a percentage of GDP has remained relatively constant, and much of the deficit increase stems from higher spending. However, I’d argue two points: The marginal top tax rate has declined significantly over time, missing an opportunity for additional revenue and exacerbating income inequality. Enforcement mechanisms like the IRS are vastly underfunded, leading to a disproportionate focus on lower-income taxpayers. A 2021 Treasury report estimated that tax evasion among the wealthiest Americans accounts for hundreds of billions in lost revenue annually. Strengthening enforcement, particularly for high earners, could help address revenue shortfalls without requiring broad tax increases. The increase in spending is primarily in mandatory entitlement programs, driven by the aging population and the broken private healthcare system. Again, this spending increase reflects deeper systemic issues rather than being the cause of the deficit. On defense spending, I appreciate your points. While U.S. defense spending as a percentage of GDP is near historic lows since World War II, inefficiencies and waste remain. The Department of Defense’s repeated audit failures and contracting inefficiencies (e.g., Littoral Combat Ships) are concerning, and I agree that structural reforms and increased oversight could yield modest savings. That said, I believe most current defense spending is necessary to maintain U.S. hegemony and the advantages of the unipolar order. Past cost-cutting measures, like BRAC rounds, demonstrate that it’s possible to realign priorities without compromising strategic objectives. A new BRAC could reduce excess capacity while preserving essential capabilities. Regarding regulations, I’m sympathetic to your frustrations with bureaucratic hurdles, and your anecdote highlights a real issue. That said, I think the federal regulatory burden is often overstated. Many of these challenges arise at the state and local levels, such as zoning laws, which significantly impact housing and economic efficiency. I also believe the quantity-based approach advocated by Vivek and DOGE is harmful and often creates more problems than it solves. Effective regulation requires case-by-case quality analysis, which is time-consuming but necessary. We've seen examples of underregulation, such as in the cryptocurrency sector and healthcare coverage denials, that highlight the dangers of a simplistic approach. Conversely, imprudent deregulation-like the rollback of Net Neutrality and environmental protections during the Trump administration-has led to significant long-term harm. Thank you for taking the time to read my comments. Have a good jog lol
I have not read this whole thing yet but don’t want to leave you hanging. But I do agree that the much of the issue in US healthcare is related to multiple payouts and the complexity that leads to driving up admin. Also, consolidation across providers is leading to higher costs. I could go on. I believe we would probably be aligned on this
@@2and20 If by "multiple payouts" you mean the fragmented and non-standardized U.S. healthcare coverage system (e.g., insurance companies, employer-sponsored coverage, out-of-pocket payments, Medicaid, etc.), I completely agree. The lack of a standardized, interoperable payment scheme is a major driver of rising healthcare costs, with administrative expenses estimated to account for ~25% of total costs. As for "consolidation across providers," if you’re referring to the influx of private equity firms purchasing and managing hospitals and healthcare providers, I also agree. This trend often reduces competition, increases prices, and shifts the focus toward profitability over patient care. 👍
very good. but watch 'princes of the yen'
Man. You Videos have such high quality. Insane. Thx
So many people complaining because they don’t like the 2 even tho this is something we need to do so hopefully it doesn’t end up going nowhere
Ya we agree. We have already lost a few subscribers because of this video, which is a bit disheartening given it’s an objective take on a really important topic. Thanks for watching and commenting!
@@2and20The people that unsubbed are woosies
Elon Musk: the government is wasting so much money, I’ll fix it. Also Elon: Why can’t I be paid $56 billion at one of my part-time CEO jobs?
😂😂😂 I mean aye the $56 Billion ain't from the government
Haha no it’s not! Do you guys think DOGE is an important endeavour or a waste of time?
@@2and20it’s political theatre to pull the wool over rubes eyes (you) while billionaires extract even more than they already do😅
NIce graphics and story. But please fact check the "sources" of your sources more. For example the "only 7 EV stations have been built for 5 billion dollars" statement is false. I can't post links in youtube comments but just check the sources of the nypost article you have in your sources. Using a "news" article as a source is usually not proper journalism. I think you can do better and I hope you will :)
We didn’t use the NY Post article as the source of truth! We listed it as a source because it’s easier for the viewer to read but we used information from the Federal Highway Administration, I’ll change the source just for you :).
Ok then what's the truth? I saw the same fight in Twitter but I forgot what he said
@princemc35the truth is that first the money goes to states, who then contract it out. Some states are significantly slower than others. But whatever, I guess billionaires need their tax cuts more than we need public infrastructure. God knows the wealthy are more important than vast majority of average Americans in this country, it’s only fair after they spend billions in buying elections. 🙄
Yea I’m not sure if this is a dig at the Republicans but you do realize that there there were more billionaires endorsing the Democrats right?
@@2and20 i think you replied to the wrong comment section my good sir :). But if not, I was just asking what really then happened to the $5billion cuz the person heading it explained what happened to Elon
We give all this to people who didn't pay into the system, fix that.
Not sure what you mean by this