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Atack the costs of the medical products and the people who negotiate them and tell them if they don't sell it for that ammount to US they loose their market share you can massively decrese spending on health care compere it to EU and most other countrys
You dont need to apologize for trying to start a cloth diaper company. "Crunchy", "hippy"? How about durable, reusable products that are a responsible way to behave.
And it's very easy to be generous with other people's money
5 วันที่ผ่านมา +107
I'm willing to take the risk, the Government has been a train wreck for 60+ years. Two solid businessmen will probably better than politicians doing nothing for the American people
I wanna agree with you but I’m sorry, I cringe when anyone calls Trump a true businessman. The guy was born with a silver spoon in his mouth and many of the own businesses he has undertook himself, have flat out failed (I.e. Trump university). I am no fan of the democrats but Trump is just another conman politician that has duped half the country into believing he’s some outsider. The guy is in the top 1% and was NEVER an outsider or part of the working-class. He does not understand the difficulties of the average working man or woman. The same could be said of Musk. Harris wasn’t the answer either.
@@redpillsatori3020Im sure it will be easy. Difference between urban and rural frogs, cat brain dissections in Russia, drag shows in Ecuador, non American band to perform in DC, irs agents owe 50 million in taxes, chimps on gambling addictions, chimps on meth, defund the government mis/disinformation, im sure if they stop paying the media to follow there agenda willl also be a massive cut. There's a lot of waste full spending. I hope vivik is able to get trump to fire everyone in government with a social security number that ends in even numbers. I wonder if he can see if there is more odd or even numbers. To kick out as many as possible. Defund sanctuary cities.
If they can actually reduce the government spending. I would be happy paying my taxes without cuts if it means paying off our national debt quicker. If I remember correctly when Trump put a tariff on China last time he put like a 30% tarrifs and they paid it. Germany also said if America starts to drill again. They will stop buying Russian natural gas And would rather buy American. Im being a little too optimistic. We still need to see if they approve of trumps cabinet. I can't wait to see the changes rfk will do.
@@Dstinctcapitalism LITTERALY NEEDS recessions to keep from becoming a “corporatist” nation like we are currently living in. Our current govt has just been printing money to keep us in the green and say they are slowing down inflation. But lets say like this year alone we went up 5-6% already on the usd due to printing. Recessions kill massive conglomerates, the companies do not recover. The people do.
Also the Nazi gun grabbing left needs to stop making the other half of the country justifiably paranoid and terrified of the government. Remember Ruby Ridge. They’ll shoot your dog, your son, your wife holding a 10 month old baby through the heart to get what they want. Control. As someone who served and fought for freedom places like Commiefornia shouldn’t exist over wise. The 2A is basically illegal there. Same with NyC where stabbing are going up. They have fat cops chasing their tails trying to locate this guy in 3 different burrows over a 48 hour period while defenseless citizens get stabbed. It’s absolutely pathetic because most men can’t protect themselves. If you cannot protect yourself, you should even be allowed to have a family to protect but America breeds a lot of weak degenerate softies.
Say what you will, this is the most exciting time in federal politics and government I’ve ever seen in my 52 years. I think they may find clever ways to solve this (privatization of social security for instance). I’m willing to let them fuck around and try.
If you privatize it how do you deal with those already receiving it? Just tell them you to have to go back to work. Doesn't matter if you have health issues, tough sh!t. Is there inefficiency in government, sure as hell Is there inefficiency in private industry, sure as hell is. Have you ever read the comments on dealing with most big businesses when you're trying to resolve and issue with them. You seriously think a private company that maintains your roads will be any more willing to deal with your issues than they are about working to solve your phone or cable TV problems?
I agree!! DOGE giving it a shot is better than just going on the same as always! I also think their hiring criteria of super human IQ, requiring 80+hrs/wk all for no $$ is brilliant!! Lastly, I think cutting the fat even in those "untouchable" areas like healthcare, will help. To borrow an old adage, count yr pennies (millions) and the dollars (trillions) will take care of themselves! GO MUSK AND VIVEK!!!🇺🇲
We tried this in the UK and it resulted in the death of thousands of ill, disabled people including my parents. I don't doubt savings can be made, there are plenty of examples in the comments here where it looks as if tax payer's dollars were wasted. But, don't think this "department of efficiency" is going to do much for you except remove social safety nets that you may come to regret should you need them. They will target things they take for granted, which cost lots - social security, healthcare, old age pensioner budgets. Also, as Republicans, they will also provide huge tax breaks to billionaires, resulting in less overall tax take. It's a great big lie designed to help Trump's 85 friends, just like last time.
@@michaeleich2187What you could do is to tell those receiving it to stop stealing from their grandkids’ futures. Social Security is a legalized Ponzi scheme and will be insolvent in 7 years regardless.
there is nothing wrong with getting behind Elon and Vivek 100% and letting them do their work. What we've done is obviously not working. Let it play out, get behind them.
Perfectly said. There’s no way to fix this thing. We’re going to face hard times it’s inevitable. I feel like ripping the Band-Aid off sooner than later would probably be the best thing for us.The further we go the higher the fall
I put that in the "trying to prove that the Islamists are right that we're an evil nation for some reason" category of spending. Seems like that budget should be zero, because... well... I don't like Satan.
@@DadSavesAmerica Rudyard was/is correct, I think. The Boomers will continue to bespoil America until they die. I'm 38, and America isn't the place to be. I live in DC and work in fedgov. The amount of pride month (MONTH) emails I suffer from DEI HR is intense. This is an evil place. "Be not afraid" and all that. :(
@@DadSavesAmericaThe current HHS Secretary is suffering from mental illness yet was confirmed by the Senate. The current Secretary believes that gay boys should be castrated by injecting them with Lupron. This is a policy similar to that of Iran’s theocracy.
The idea of not cutting the ". . . rounding error . . . " portion of the budget because it is "only" a small portion thereof, is like refusing to give up your Netflix subscription because it pales in comparison to your house payment. This behavior will make you poor.
Don't misunderstand. We should cut it ALL. And yes, we should start with the easy stuff. I've always found this "that's a rounding error" line to be a cope, often aimed at protecting things like PBS or NEA funding. NO. If we can't eliminate this stuff, we have NO CHANCE of cutting the hard stuff.
Even if this doesn’t work, it’s not like anything in the past has worked either. Might as well try something new because continuing to do what we have been doing definitely won’t work.
The bit about the balanced budget in the 90's is deceptive. We KNEW then that there was a looming problem with SS and Medicare. A TRUE balanced budget would have accounted for it. It was a valiant effort, but even that was insufficient. And it was balanced on the back of the military.
Great stuff presented in an entertaing way!! Only felt a sprinkle on my USA parade!! With the brillance (and dare i say arrogance) of Vivek and Musk, good things will happen!! Buckle up!!!
At this point, we need something radical. It’s out of control. The basic American has absolutely no idea how having a national debt like we do really messes up our country. They have no clue. Of course the average American has also never learned a damn thing about financing either. They should start teaching personal finance in junior high. Should be requirement for high school graduation and should be a requirement for every single college student.
It also doesn't help, that the debt is always referenced in relation to the GDP. The GDP is largely irrelevant, what matters is annual government revenue. Comparing it to GDP makes it sound as if we're 1.2 years of income in debt, when we're not. Annual revenue is around $4 trillion, so we're closer to 9 years of income in debt.
I worked as part of a project management team for a major oil and gas producer during the mass layoffs in the mid 2010’s… The lead executives came down to us to come up with ways to “tighten the belt”. In less than three months, we managed to recuperate over a quarter of the spending that we had allocated for our project, and that was just in locating waste and unnecessary expenditures. We saved so much money that even during the downturn we were still able to fund other capital projects. If DOGE can put together a team with a quarter of the amount of talent, I have zero doubt that they won’t be able to fix massive failures within our bureaucracies without the taxpayers even feeling any negative affects.
After the budget is approved. I hope Joe rogan or have trump do a national broadcast ( like a emergency broadcast) and have Vivek and Elon discus what they cut and why they cut it and review how many employees they fired. AFUERA
@AmyLCNM vamos a sacar la corrupción. Que se vayan a chingar su madre a los corruptos. Viva los estados unidos. Viva Mexico. Viva Canada. Vamos a correr los corruptos politicos y los carteles que le roban a la Gente. Vamos a aser fuerte la patria. Se lo debemos a nuestra Gente mayor y es nuestra responsabilida dejar el paes fuerte para nuestros hijos y los hijos de nuestros hijos.
Musk is a cost-cutting Einstein. On one SpaceX mission (the Europa Clipper) he cut NASA's costs from $4bn to only $178m, saving $3.8bn. SpaceX savings to taxpayers since 2003 is in the 11-figure range (low tens of billions). Can he up his game to the $2,000bn level? _Yes._
DOGE is not seeking to reduce the national debt. DOGE seeks to reduce government spending by recommending cuts for Congress and the President to implement.
Get back to the heart of the problem. We are Not a mob ruled democracy . We are a Republic protected by a Constitution, which recognizes God sovereign over all this political nonsense. Hold tight to the Constitution
The 90s wasn't a mystery, the baby boomers were in their 40s and 50s.. most productive decades of a big chunk of our population. The entitlements effect on our budget is a direct correlary to that. As for DOGE, im a lot more optimistic. Even the non-discretionary spending slices of the pie... I would bet they could find massive chunks even within those that are objectively corrupt and wasteful. I wonder what percentage of the non-discretionary goes to dead people, pets, liars, middle-men, postage, check-printing, "oversight" that oversees nothing. I would also bet that MAHA could have a massive and positive effect on the quarter-chunk that is medicare
Thanks. I Enjoyed and benefited from your straight forward presentation about some very important things that we all need to consider - with real energy. Hope your site continues to grow and help your subscribers with 'chewy' content.
My favorite example of government money well spent is are our National Parks. Land is protected, amazing places preserved for generations and always well maintained. I say this to all the parks employees as I enter.
19:06 as a 90's baby, I beleive in theory that big government could in fact "work for us." I also recognize in practice that in my life time big government has not worked for us. :(
Wealth is created in the minds of producers and consumers. The way out is removing minds from government spending (wealth destruction), and putting them into private wealth production. This is the most misunderstood part of economics.
@@tomwinterfishing9065 While wealth is created through production, science and infrastructure are governmental functions and are prerequisites for innovation and distribution. Just removing people from government won't make it function better or allow for production. A more effective framing of the governmental issues is that the US Government does not efficiently regulate markets to prevent monopoly, foster scientific discovery or build infrastructure to support industry and commerce.
@@ianbelanger7459 I'm going to disagree with one point, or at least with how you phrased it. I don't believe the government needs to regulate markets to prevent monopolies. For the most part, the markets will do this themselves. I believe the government needs to regulate individual companies that abuse a monopoly.
@@bobprivate8575 There is fundamental disagreement on the issue of market self regulation. Markets exist in the real world and the deviation between real world markets and idealized models is enough to cause most (if not all) markets to devolve into rent seeking and monopoly. Some markets can be made ideal enough with limited regulation (washing machines), while other like phone companies, car and insurance will need controls beyond consolidation prevention.
@@bobprivate8575 There is fundamental disagreement on the ability of non-ideal real world markets to prevent the creation of monopolies and excessive rent seeking. Most markets that produce non-durable and durable goods need only safety regulation and consolidation prevention to operate as functional markets. Other markets like power distribution and insurance are so non-ideal as to require more fundamental regulation to account for asymmetry in information and network effects (that create regional or national monopolies).
It is odd, but let's be honest, someone has to start tackling the Oligarchy that is these institutions. Most - if not all - of the decisions made in these bureaucracies are influenced by powerful groups of people that care most about making sure that they, nor their buddies, don't financially lose from the decisions made, RATHER than what is best for the citizens of this country.
Since this has never been done before, I would guess that DOGE can cut at least 90% government. I think we should take their end cost cutting model and implemented in all the state governments.
Go ask any veteran how difficult it is to get health care from the V.A. 🙄 What Fed dept is just behind the DoD's budget? Yep. The V.A. Veterans need to have the money follow them to whatever health care they can get when the V.A. isnt there for them.
Your, let's call it measured enthusiasm, is justified. The theory of shrinking government is appealing to many.............until they see how it hits them. It's going to be a tough fight. It shouldn't be for some of the projected moves. The Dept. of Education for instance can be shown graphically how ineffective it is. There's a well known, and accurate chart showing student performance in the basics (math, reading, etc.) at the same or lower outcomes since the inception of the D of E in 1979......yes folks, it hasn't been in operation all that long. Meanwhile, the cost of the department has skyrocketed. Hold that chart up to any thinking individual and ask them to justify that miserable performance. Sadly, probably close to half the citizens of this country will hold on to the intentions of the D of E being of value, not it's outcomes. That's how the left thinks..........intentions over outcomes in almost everything they believe in. It's going to be a wicked battle ahead. We can look to the success Milei in Argentina and hope that his current level of success is a harbinger, but we, as a nation, haven't gotten to the level of despair that Argentina has, so we may not be ready for common sense cures.
The problem with this simplistic assessment is that it neglects to account for inflation, population growth and the limited access to education pre-1979. Since the department started cost per student has lagged behind inflation while attendance and graduation rates have increased by 50%. It has not just been intent but actual outcomes.
@@ianbelanger7459 "limited access...prior 1979" is a fallacy within the past century, I'm old enough to know better. Population growth is roughly 50% in that time frame so the rates are merely tracking overall population growth for the most part. The poor outcomes are Un assailed which demonstrates that the DOE made no positive addition regardless of whether the cost of running that department was ahead or behind inflation.......waste is waste. To repeat, it's about outcomes not wishful thinking.
@@rodderbob There is simply disagreement that enrollment improvement from 80 to 90 percent is not a positive outcome and graduate rate improvement from 60 to 90 percent isn't good. It is also worth noting that rates are independent of value, so the improvement from 1979 to the present is in addition to educating the additional students. As to the cost mention, those are on a per student basis, so again despite allocations lagging behind inflation, since the department began, there has been an improvement in attendance and graduation percentages.
Hey John! Stumbled on your content about 2 months ago. Subscribed recently. Love what you’re doing! Love the perspective and call to fathers and men to step up and lead our family & country! Also, your content is so well done. I’m trying to perfect what I do and get to that next level. Would love to ask you a few question when it comes to content creation! If you would ever be willing, please let me know! Otherwise best of luck to you and your channel. Keep up the good work.
Departments and all their laws and mandates are unconstitutional if they were not set up by elected officials. Revoke all these unconstitutional laws and then you no longer need employees to enforce these laws. Any cuts they can make is better than no cuts. I think they will be able to cut more than you think. There is a lot of wasteful spending in military and SS that can be reduced. Bottomline the federal govt shouldn't be the largest employer in the world.
How would reigning in monies sent to other countries impact government spending? It would be interesting to analyze that budget item, and weigh it against America’s priorities? Just how much do we get in return, for that funding?
Frankly I think it would do wonders for the country if the majority of people had even just a schoolhouse rock level of understanding about how our government works
Great presentation, one small correction from Canada - the size of the bureaucracy has increased by roughly 40% over the last 9 years under the ridiculous Trudeau regime. Trudeau's merry woksters have completely undone the efforts of some 20 years of both conservative and liberal gov'ts. Here's hoping the 'Doge' can take a few big bites out of the blob so we can take notes up North!
The department of education is not in charge of how schools are run. From wikipedia-Establishing policies on federal financial aid for education and distributing as well as monitoring those funds. Collecting data on America's schools and disseminating research. Focusing national attention on key educational issues. Prohibiting discrimination and ensuring equal access to education.
We should default on our debt. It wouldn't create a nightmare financial crisis, it would do the opposite. No one is going to lend money to the government that defaulted on $35,000,000,000,000 at a reasonable rate, which will force the givernment to balance the budget. You cant spend more than you take in if you can't borrow money.
@ms-jl6dl I'm not saying we just stop making debt payments and declare the debt gone... that's insane. But trying to pay off all 35,000,000,0000,000 is also insane... We're going to default eventually... Better we do it now when it's still possible to negotiate with our creditors and the number down to something more realistic instead of 25 years from now when it's $200,000,0000,000,000 and we miss an interest payment because there's literally no money.
I can't wait to come back here when Elon has been able to do his thing for four or five months, just to see you're face, saying "WTF?! How did he do this?!"
If you look at the top spending agencies, and then look at whats happening in real life. Specifically the areas we spend the most on are the areas the country is litteraly completly corrupt and the actual people in this country constantly complain about not being able to afford anything etc. almost like the ones that get the most money are the ones who do absolutely nothing with it and just pocket the money.
Well, look at it this way: DOGE is hiring volunteers with high IQ's to cut inefficiencies and paying them zero dollars to do the job, and I expect Elon and Vivek would do the same (they don't need the money). What does the American taxpayer have to lose? Doing the same thing over and over and expecting different results WOULD cost wayyy more!
Changes are coming but it's not going to happen overnight or without some pain. A household that finds itself constantly struggling to make ends meet it has to find things to cut. It's not easy and can be a little painful but needs to be done. Same goes for government.
Honestly, while I'm very much in favor of what Elon and Vivek are aiming to do... I'm afraid they're not going to be able to be brutal enough with the cuts that they need to make to have sufficient effect.
I'm so disappointed that they named it as a meme. It's such a serious thing that needs to be done, and Elon decides to make a joke. I like him, but let Vivek handle it, Elon is just a distraction that will attract problems.
There are so many agencies that overlap in their shared authorities, it’s ridiculous with how much the bureaucracy ferments and bogs down the entire system. Too many little kingdoms of bureaucracy’s that conflicts with each other. There needs to be more streamlined alignments of these sun agencies and clear cut authorities and duties. And some of the agencies just need to be dissolved. They are nothing but waste bins of tax payer money going towards contracts, salaries and benefits to friends, relatives, associates etc.
I knew I liked you for a reason! We had four cloth diaper babies. It was the best 😁 Oh, and also good takes on the politics. All I can say, I wish them luck!
2 men who have SUCCESSFULLY run built and run companies! Both who came from much closer to "middle class" than anyone else. Both have stood up and faced down criticism when there was no way to know if it would ruin them Both are very good at CRITICALLY looking at something and seeing if ANOTHER WAY could be found! One person said it very well that had me excited and got me thinking Elon is probably one of the smartest men in generations. Listening to him talk he sounds a little odd sometimes but I think it's bc his mind is constantly racing and thinking and he has to work with a mundane mouth, tongue, vocal cords at a MUCH slower speed to get out his ideas. Vivek IS DEFINITELY intelligent but he's VERY smooth. He will "polish" what Elon is saying. He will help find ways to implement Elon's ideas into something that won't gut the government in ways that cause undue hardship. There IS a lot of government bloat. But a lot of that bloat gives paychecks. Unnecessary departments might lead to unemployment which is likely why government cuts are promised but not delivered Hopefully both things can happen.... cut the bloat without undue hardship Take ridiculous spending (like finding out if sunfish are more aggressive on gin vs tequila!?) And apply it to severance packages for Unnecessary government programs
We have nothing to lose. If we don't try this we will still have a financial crisis. I'm going all in. If anyone can do this. It's Vivek and Elon. The Chinese pretty much own us already. Let's see if this gamble works and let's America breath some air. I'm sure it is. Time for America to pull itself up by it's bootstraps.
@12:55 There's some important points with that expenditures pie chart. 1) "Pensions" does not include military pensions. Those are classed as defense spending. The pensions slice is purely for bureaucratic pensions. 2) The Defense slice also include infrastructure maintained by the Army Corps of Engineers. This includes most bridges on national highways, as well as maintaining dams and all navigable waterways. This is, in effect, a shall game played to make the actual Defense numbers seem bigger than they really are. Why are military pensions, not included with other pensions? Why are infrastructure expenses, classed as military expenses?
Could you imagine how much the price of groceries and basic necessities could go down if there weren't countless government agencies spending all this extra money and enforcing all these cost inducing regulations? There would probably be so much quantity of cheap goods that people would have insansly high living wages, at least the bare minimum for a decent living.
One simple thing that could be done to improve "efficiency" is to change the impact to any department/group, that doesn't spend it's full budget within the fiscal year. At present, if they don't spend 100% of what was allocated, typically, it is interpreted that they didn't need that much and their budget is cut in the next fiscal year. The unintended consequence of this is that it is common for any given department/group to issue contracts prior to the new fiscal year (October 1st) for stuff that isn't necessarily essential to their mission, but will simply soak up their remaining budget. So, how would one eliminate this practice? One way would be to add some sort of incentive practice, where if any department/group had money left over at the end of the fiscal year, some portion of it would be given to the employees. Of course, this would require some sort of independent audit process to check to make sure that they didn't have money left over because they didn't meet the minimal requirements that their mission described. To maintain proper checks and balances, this audit process would only have the authority to approve or deny the bonus payments. If federal employees are screwing citizens, I have no doubt that Congress would weigh in on any given malfeasance, since it's a perfect sound bite to enhance any members credibility with their electorate.
The biggest thing this admin can do is cut the waste in spending, and find ways to pay down the debt. Even if they only manage to do like 5 percent across the whole thing. That still be about 1.2 trillion that can be put towards the debt. Were not gonna get 10 trillion paid off even though we desperately need it
Great video! Although I think your wrong about health and social services. There is just as much bureaucratic bloat in those agencies and they need to be cut just as aggressively! Just look at the growth of admin jobs vs. patient care roles in new hiring.
Oh 100%. It’s even worse. They should be reduced to an ultra-high deductible catastrophic insurance plan, administered by software and fire virtually everyone. I’m going to do a video about this but here’s a start: x.com/johnpapola/status/1858231217923211686?s=46
It would be great if government really considered the cost to the country of their rules, but I doubt they ever will. They will just figure out new tricks in the name of CYA and institutional success.
It's absolutely true that cutting federal employees, while substantial, isn't going to fix the budget, not even close. The goal, as stated by President Trump, is to achieve a ratio of GDP to debt - which will still increase over time, at least for the foreseeable future - gets us to an underleveraged position. Inflation is normal and necessary, ideally running essentially in parallel with population and GDP growth (that's why a gold-backed currency can work without continually increasing the quantity of physical gold). If you can grow faster than you increase debt, current debt interest factored in, eventually the debt diminishes. Not in dollar amount, but inverse to inflation with regard to value. When debt exceeds growth, inflation devalues currency so products cost more. When growth exceeds debt, currency increases and maintains value, or increases in value, so the debt burden lessens (servicing the debt becomes a smaller percentage of total economic liability). DOGE is just one piece of the bigger economic plan. It's a monumental undertaking, incomprehensible in scope to the majority of us. Which is why Trump is bringing on the best and brightest (Elon and Vivek are working for free, BTW), and why Elon has put out a call for volunteers with PhDs, masters and high-level experience. Tariffs, domestic manufacturing, domestic energy production, regulatory burden relief, and tax incentives all have to be coordinated in the right quantities and timed correctly so they support each other. It seems like an impossible task. But if Elon thinks it can be done, who am I to argue?
If Musk is planning to cut $2 Trillion of government spending he must mean over a long-term time frame (10-20 years). The discretionary budget is $1.7 Trillion. We need to grow the economy and reduce the cost of goods and services through innovation using AI and robotics. We need to manufacture everything in the US. The future of manufacturing will be local/regional/domestic. There is no advantage to globalism with robotics costing $0.50 to $1.00 per hour, outside of raw materials geographically.
Yes and no in terms of accounting, but it could be done but would break a few standards of accounting. Would be way easier to transfer it. The thing is that debt is debt that eliminates the money when paid. It is actually deflationary. The debt the fed owns could be converted into a different type of bond if needed to Either pay of more sooner, or not pay interest on it the the principal is payed. Another thing we can do is transfer the debt to social security to fund it.
Rich people love tax cuts because they don't use public services. Their security, transportation, medical, housing, etc...is all private, so they understandably don't want to pay taxes that go into services they don't use. Since rich people pay (or used to pay) most of the taxes as they had most of the income, it follows tax cuts take priority whenever rich people control the government. Both the Democratic and Republican Parties are very enthusiastic about tax cuts.
English here. We tried this with Austerity from the Conservatives for 10+ years. The lack of investment in the UK has put our economy on a real struggle for growth. What is clear is that we should have been pressuring our politicians to spend money on investing in the country's infrastructure. Transport, housing, job creation. If money is being spent on these things, it leads to growth, which benefits everyone in the long term and gives you a surplus to pay down national debt. So look to trim the fat, because you have borrowed a lot, but do not blindly follow billionaires into "efficiency savings" which really equate to already poor social services being cut entirely, and instead pressure your politicians to only borrow to invest in the country. Constant investment in the country is the best use of tax payers dollars. This looks more like a cash grab.
I’m curious, did “austerity” ever involve government spending going down? There’s been lots of talk about so-called “austerity” post 2008 where taxes were hiked but spending kept growing even as services were cut. That’s “austerity” for we the people but not the government. That’s a scam, designed to harm support for civil society and prop up greedy politicians. I’m deeply suspect of these popular austerity claims. It’s mostly government propaganda to mask its extreme corruption and incompetence.
@@DadSavesAmerica Our councils who get their budget from central government have had a really rough time with slashed budgets, some have declared bankruptcy. The politicians themselves however quite quickly voted themselves several inflation beating pay rises during the austerity years. Yes I completely agree with you. It was a cynical move made by greedy conservatives, in the aim of shrinking the state. It was borne from incompetence, corruption, and right wing economics.
@@Triaxx2 Point taken, but neither GOP or Libs were going to 'not borrow'. I'd say under maga you have a much greater chance of pensioners being picked on - that's what we saw in the UK anyway. The bigger issue you allude to is why do both your major party choices both want to borrow into a deficit.
@@luapseirffej It's not that they want to, it's that they can'. It's not their money, so they can spend as much as they want, because as far as they are concerned the well is bottomless. Not enough money? Just raise taxes. Not like there's anything anyone can do about it.
Elon Musk's company SpaceX currently has a contract with NASA, and has had near $10 billion in contracts with NASA over the years. Will he be reviewing his own contract with the government?
Dismantling the regulatory state is a wonderful thing, and unlike most political "solutions" ("I'll end inflation by going after price gouging"), it addresses the source of the problem instead of trying to fix the outcome (the classic definition of insanity). Advisory boards like DOGE with audit power can identify the problems. And the undoing of the Chevron Deference may render many existing regulations moot, unenforceable, even illegal. But it comes with a mandate to the congress and the courts to legislate and decide challenges in an informed manner. The Chevron Deference was an acknowledgment that the lawyers that make up the courts, and increasingly our legislative branch, are unlikely to have the necessary expertise to make regulatory decisions. Our congress wasn't intended to be made up of lawyers and political science majors. It is supposed to be made up of business people, land developers, farmers, etc., people who live and work in the communities they represent. They propose legislation that would benefit their communities, returning to those communities to live with the rules they impose. It's the court's role test the legislation against the constitution. Term limits would hold the career public "servants" from settling into a life of perks, perpetual campaigns, and the influence of donors, and replace them with knowledgeable, community-oriented people who have experience in the real world (touch grass), not just a lawyer-politician's theory of what makes the earth spin.
There is no $36 trillion debt. Only the assets that underpin the debt are overvalued. All that is required is to revalue these assets at $36 trillion less. That might not please some, but hey that is how the cookie crumbles.
@ treasure bonds are just an intermediate step, that does not really matter in the grand scheme of things. Besides I doubt their is anywhere near $36 trillion in cash floating around, let alone the amount of money we value things at. If say that total value is $72 trillion then everything needs to be revalued by half. If that total value is say $360 trillion, then everything needs to be revalued at 10% less.
@ I might not always be right, but I am never wrong. I don’t think, I know, or don’t know. Hurt is a personal thing, I might have a broken arm, but that does not hurt me, only restricts my ability until it’s heals. To many folks play this “ hurt” game, pathetic really. Ones assets are ones assets regardless of the value assigned to them. Your house is your house, valued at $50k or $500k, your skill are your skills whether you get paid $25 or $250 per hour.
At first it will be easy, but will get harder and harder after the low hanging fruit is picked. To realise what Musk is promising will take immense political will.
How do we we get people off disability and unemployment benefits? Its very very hard. Perhaps we can go to every single person on a disability pension and ask the following questions: 1. are you still disabled. 2. what are you capable of doing with your disability? 3. how many hours a week can you work with your disability? Enable business of any size to participate in a scheme where they can hire these people for those tasks and hours they can do. Reduce the pension by a % and have the business pay them an amount that is greater than the reduction but still cheaper than the usual wage. It could help these individuals reskill and enter the workforce with lower requirements (eg not working FT and not doing things they cant do) and increase their income. It could help businesses grow with lower risk. And it could reduce the costs to the govt (everyone) by 10-25%. Person A says I can use a computer for 4 hours a day. Person B can work on an assembly line for 3 hours a day. Person C can work in child care for 4 hours a day. It would not be a trivial undertaking but we have got to start doing things different or start making hard cuts.
A lot of people who want to attempt a job and get off disability are scared to try because of how hard it is to get back on if the job doesn’t work out.
@@NathanSmutz they would still be on disability this way. they would move off disability at some point in the future when they have been working for long enough, feel capable and can earn more money than where they are at on the pension.
The US Government is not a business. Most Americans conflate running a business and or a household with how the government works. They want the government to fund their businesses and interests with no taxes, no regulation, and no competition sounds kleptocratic to me.
Not sure I understand what about Musk leading government efficiency taskforce is "corrupt." There's exposure to corruption, but there's no reason to think someone who owns a business that relies on government contracts will be any more selfishly motivated than a government bureaucrat whose job relies on government bloat.
I voted for Trump but it is suspect for a few reasons: he has current govt contracts and he's a multinational citizen. In other words he can't be a true fiduciary for the electorate. We're at a point where we'll never not be a plutocracy in a republics skin suit. I've madey peace with it.
@RCCarDude I guess I just don't see how someone with no actual position in government who isn't getting paid and has no power at all is at much risk of corruption. Contrast that with every single person employed by the federal government. They have every incentive to be corrupt and hide or even increase inefficiency. Their livelihood relies on the perpetuation/expansion of their department.
Because that’s what you expect from politicians. Except these guys aren’t politicians… freeing up bureaucrats means more people who contribute to society.
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Atack the costs of the medical products and the people who negotiate them and tell them if they don't sell it for that ammount to US they loose their market share you can massively decrese spending on health care compere it to EU and most other countrys
congress is the senate and the HoR
Yeah... I misspoke there. Der.
You dont need to apologize for trying to start a cloth diaper company. "Crunchy", "hippy"? How about durable, reusable products that are a responsible way to behave.
One basic rule of government is, spending other people‘s money is super easy.
And fun !!! Power baby!!!
Elon will fit right in. His companies exist on government subsidies.
And it's very easy to be generous with other people's money
I'm willing to take the risk, the Government has been a train wreck for 60+ years. Two solid businessmen will probably better than politicians doing nothing for the American people
I wanna agree with you but I’m sorry, I cringe when anyone calls Trump a true businessman. The guy was born with a silver spoon in his mouth and many of the own businesses he has undertook himself, have flat out failed (I.e. Trump university). I am no fan of the democrats but Trump is just another conman politician that has duped half the country into believing he’s some outsider. The guy is in the top 1% and was NEVER an outsider or part of the working-class. He does not understand the difficulties of the average working man or woman. The same could be said of Musk.
Harris wasn’t the answer either.
Yeah, it will help, but I fear these will be necessary, but NOT sufficient, cuts that Elon & Trump do.
@@redpillsatori3020Im sure it will be easy. Difference between urban and rural frogs, cat brain dissections in Russia, drag shows in Ecuador, non American band to perform in DC, irs agents owe 50 million in taxes, chimps on gambling addictions, chimps on meth, defund the government mis/disinformation, im sure if they stop paying the media to follow there agenda willl also be a massive cut. There's a lot of waste full spending. I hope vivik is able to get trump to fire everyone in government with a social security number that ends in even numbers. I wonder if he can see if there is more odd or even numbers. To kick out as many as possible. Defund sanctuary cities.
If they can actually reduce the government spending. I would be happy paying my taxes without cuts if it means paying off our national debt quicker. If I remember correctly when Trump put a tariff on China last time he put like a 30% tarrifs and they paid it. Germany also said if America starts to drill again. They will stop buying Russian natural gas And would rather buy American. Im being a little too optimistic. We still need to see if they approve of trumps cabinet. I can't wait to see the changes rfk will do.
Efficient government? Now that is new!
I'd rather induce a nightmare financial crisis right now that continue to burden my grandchildren with debt slavery.!!
Your great grandkids are going to be screwed after this.
@@Dstinctcapitalism LITTERALY NEEDS recessions to keep from becoming a “corporatist” nation like we are currently living in. Our current govt has just been printing money to keep us in the green and say they are slowing down inflation. But lets say like this year alone we went up 5-6% already on the usd due to printing. Recessions kill massive conglomerates, the companies do not recover. The people do.
@ithmiths And if we stop propping them up with tax payer backed loans we, the people, might not even notice anymore.
Also the Nazi gun grabbing left needs to stop making the other half of the country justifiably paranoid and terrified of the government. Remember Ruby Ridge. They’ll shoot your dog, your son, your wife holding a 10 month old baby through the heart to get what they want. Control. As someone who served and fought for freedom places like Commiefornia shouldn’t exist over wise. The 2A is basically illegal there. Same with NyC where stabbing are going up. They have fat cops chasing their tails trying to locate this guy in 3 different burrows over a 48 hour period while defenseless citizens get stabbed. It’s absolutely pathetic because most men can’t protect themselves. If you cannot protect yourself, you should even be allowed to have a family to protect but America breeds a lot of weak degenerate softies.
Say what you will, this is the most exciting time in federal politics and government I’ve ever seen in my 52 years. I think they may find clever ways to solve this (privatization of social security for instance). I’m willing to let them fuck around and try.
If you privatize it how do you deal with those already receiving it? Just tell them you to have to go back to work. Doesn't matter if you have health issues, tough sh!t. Is there inefficiency in government, sure as hell
Is there inefficiency in private industry, sure as hell is. Have you ever read the comments on dealing with most big businesses when you're trying to resolve and issue with them. You seriously think a private company that
maintains your roads will be any more willing to deal with your issues than they are about working to solve your phone or cable TV problems?
I agree!! DOGE giving it a shot is better than just going on the same as always! I also think their hiring criteria of super human IQ, requiring 80+hrs/wk all for no $$ is brilliant!!
Lastly, I think cutting the fat even in those "untouchable" areas like healthcare, will help. To borrow an old adage, count yr pennies (millions) and the dollars (trillions) will take care of themselves!
GO MUSK AND VIVEK!!!🇺🇲
We tried this in the UK and it resulted in the death of thousands of ill, disabled people including my parents. I don't doubt savings can be made, there are plenty of examples in the comments here where it looks as if tax payer's dollars were wasted. But, don't think this "department of efficiency" is going to do much for you except remove social safety nets that you may come to regret should you need them. They will target things they take for granted, which cost lots - social security, healthcare, old age pensioner budgets.
Also, as Republicans, they will also provide huge tax breaks to billionaires, resulting in less overall tax take. It's a great big lie designed to help Trump's 85 friends, just like last time.
@@michaeleich2187What you could do is to tell those receiving it to stop stealing from their grandkids’ futures. Social Security is a legalized Ponzi scheme and will be insolvent in 7 years regardless.
there is nothing wrong with getting behind Elon and Vivek 100% and letting them do their work. What we've done is obviously not working. Let it play out, get behind them.
Absolutely. I'm behind them 100% on this. Take it to em.
Perfectly said. There’s no way to fix this thing. We’re going to face hard times it’s inevitable. I feel like ripping the Band-Aid off sooner than later would probably be the best thing for us.The further we go the higher the fall
It is because we still have a lot of strength. What happens if the crash happens as we get weaker.
Health-related services like sending 10 million to a foreign country on drag shows?
I put that in the "trying to prove that the Islamists are right that we're an evil nation for some reason" category of spending. Seems like that budget should be zero, because... well... I don't like Satan.
@@DadSavesAmerica Rudyard was/is correct, I think. The Boomers will continue to bespoil America until they die. I'm 38, and America isn't the place to be. I live in DC and work in fedgov. The amount of pride month (MONTH) emails I suffer from DEI HR is intense. This is an evil place. "Be not afraid" and all that. :(
@@DadSavesAmericaThe current HHS Secretary is suffering from mental illness yet was confirmed by the Senate. The current Secretary believes that gay boys should be castrated by injecting them with Lupron. This is a policy similar to that of Iran’s theocracy.
The idea of not cutting the ". . . rounding error . . . " portion of the budget because it is "only" a small portion thereof, is like refusing to give up your Netflix subscription because it pales in comparison to your house payment. This behavior will make you poor.
Don't misunderstand. We should cut it ALL. And yes, we should start with the easy stuff. I've always found this "that's a rounding error" line to be a cope, often aimed at protecting things like PBS or NEA funding. NO. If we can't eliminate this stuff, we have NO CHANCE of cutting the hard stuff.
Even if this doesn’t work, it’s not like anything in the past has worked either. Might as well try something new because continuing to do what we have been doing definitely won’t work.
The bit about the balanced budget in the 90's is deceptive. We KNEW then that there was a looming problem with SS and Medicare. A TRUE balanced budget would have accounted for it. It was a valiant effort, but even that was insufficient. And it was balanced on the back of the military.
Great stuff presented in an entertaing way!! Only felt a sprinkle on my USA parade!! With the brillance (and dare i say arrogance) of Vivek and Musk, good things will happen!! Buckle up!!!
At this point, we need something radical. It’s out of control. The basic American has absolutely no idea how having a national debt like we do really messes up our country. They have no clue. Of course the average American has also never learned a damn thing about financing either. They should start teaching personal finance in junior high. Should be requirement for high school graduation and should be a requirement for every single college student.
It also doesn't help, that the debt is always referenced in relation to the GDP. The GDP is largely irrelevant, what matters is annual government revenue.
Comparing it to GDP makes it sound as if we're 1.2 years of income in debt, when we're not. Annual revenue is around $4 trillion, so we're closer to 9 years of income in debt.
I worked as part of a project management team for a major oil and gas producer during the mass layoffs in the mid 2010’s… The lead executives came down to us to come up with ways to “tighten the belt”. In less than three months, we managed to recuperate over a quarter of the spending that we had allocated for our project, and that was just in locating waste and unnecessary expenditures. We saved so much money that even during the downturn we were still able to fund other capital projects. If DOGE can put together a team with a quarter of the amount of talent, I have zero doubt that they won’t be able to fix massive failures within our bureaucracies without the taxpayers even feeling any negative affects.
880 billion dollars on health and one of the most unhealthy populations.
Yup, because keeping people unhealthy and worried keeps them from asking questions.
Getting Elon and Vivek involved in this area excites me. If anyone can fix this mess we're in, these are the guys to do it.
After the budget is approved. I hope Joe rogan or have trump do a national broadcast ( like a emergency broadcast) and have Vivek and Elon discus what they cut and why they cut it and review how many employees they fired. AFUERA
Right on, brother!!!
¡¡Estás despedido!!
@AmyLCNM vamos a sacar la corrupción. Que se vayan a chingar su madre a los corruptos. Viva los estados unidos. Viva Mexico. Viva Canada. Vamos a correr los corruptos politicos y los carteles que le roban a la Gente. Vamos a aser fuerte la patria. Se lo debemos a nuestra Gente mayor y es nuestra responsabilida dejar el paes fuerte para nuestros hijos y los hijos de nuestros hijos.
Musk is a cost-cutting Einstein. On one SpaceX mission (the Europa Clipper) he cut NASA's costs from $4bn to only $178m, saving $3.8bn. SpaceX savings to taxpayers since 2003 is in the 11-figure range (low tens of billions). Can he up his game to the $2,000bn level? _Yes._
This is a commission, not a department
Indeed. But the D in the name... is clearly just part of the epic troll.
DOGE is not seeking to reduce the national debt. DOGE seeks to reduce government spending by recommending cuts for Congress and the President to implement.
Get back to the heart of the problem. We are Not a mob ruled democracy . We are a Republic protected by a Constitution, which recognizes God sovereign over all this political nonsense. Hold tight to the Constitution
The 90s wasn't a mystery, the baby boomers were in their 40s and 50s.. most productive decades of a big chunk of our population. The entitlements effect on our budget is a direct correlary to that. As for DOGE, im a lot more optimistic. Even the non-discretionary spending slices of the pie... I would bet they could find massive chunks even within those that are objectively corrupt and wasteful. I wonder what percentage of the non-discretionary goes to dead people, pets, liars, middle-men, postage, check-printing, "oversight" that oversees nothing. I would also bet that MAHA could have a massive and positive effect on the quarter-chunk that is medicare
Transitional gains trap just hadn't sprung yet in the 90s
Very good commentary and analysis.
I appreciate that.
Love your podcast!
Level headed and clear minded.
Thank you for some sane ideas
You are so welcome!
Thanks. I Enjoyed and benefited from your straight forward presentation about some very important things that we all need to consider - with real energy. Hope your site continues to grow and help your subscribers with 'chewy' content.
Subscribed. What a succinct and thoughtful explanation
My favorite example of government money well spent is are our National Parks. Land is protected, amazing places preserved for generations and always well maintained. I say this to all the parks employees as I enter.
It’s the least worst perhaps. But they actually do a pretty poor job overall in managing the parks and wild spaces. Huge room for improvement.
Lov3 your clarity, TY
19:06 as a 90's baby, I beleive in theory that big government could in fact "work for us." I also recognize in practice that in my life time big government has not worked for us. :(
Wealth is created in the minds of producers and consumers. The way out is removing minds from government spending (wealth destruction), and putting them into private wealth production. This is the most misunderstood part of economics.
@@tomwinterfishing9065 While wealth is created through production, science and infrastructure are governmental functions and are prerequisites for innovation and distribution. Just removing people from government won't make it function better or allow for production. A more effective framing of the governmental issues is that the US Government does not efficiently regulate markets to prevent monopoly, foster scientific discovery or build infrastructure to support industry and commerce.
@@ianbelanger7459 I'm going to disagree with one point, or at least with how you phrased it.
I don't believe the government needs to regulate markets to prevent monopolies. For the most part, the markets will do this themselves. I believe the government needs to regulate individual companies that abuse a monopoly.
@@bobprivate8575 There is fundamental disagreement on the issue of market self regulation. Markets exist in the real world and the deviation between real world markets and idealized models is enough to cause most (if not all) markets to devolve into rent seeking and monopoly. Some markets can be made ideal enough with limited regulation (washing machines), while other like phone companies, car and insurance will need controls beyond consolidation prevention.
@@bobprivate8575 There is fundamental disagreement on the ability of non-ideal real world markets to prevent the creation of monopolies and excessive rent seeking. Most markets that produce non-durable and durable goods need only safety regulation and consolidation prevention to operate as functional markets. Other markets like power distribution and insurance are so non-ideal as to require more fundamental regulation to account for asymmetry in information and network effects (that create regional or national monopolies).
DOGECOIN TO THE MOON! *FATE LOVES IRONY*
It is odd, but let's be honest, someone has to start tackling the Oligarchy that is these institutions. Most - if not all - of the decisions made in these bureaucracies are influenced by powerful groups of people that care most about making sure that they, nor their buddies, don't financially lose from the decisions made, RATHER than what is best for the citizens of this country.
Since this has never been done before, I would guess that DOGE can cut at least 90% government. I think we should take their end cost cutting model and implemented in all the state governments.
Go ask any veteran how difficult it is to get health care from the V.A. 🙄 What Fed dept is just behind the DoD's budget? Yep. The V.A.
Veterans need to have the money follow them to whatever health care they can get when the V.A. isnt there for them.
Excellent overview!
Thanks!!
Your, let's call it measured enthusiasm, is justified. The theory of shrinking government is appealing to many.............until they see how it hits them. It's going to be a tough fight. It shouldn't be for some of the projected moves. The Dept. of Education for instance can be shown graphically how ineffective it is. There's a well known, and accurate chart showing student performance in the basics (math, reading, etc.) at the same or lower outcomes since the inception of the D of E in 1979......yes folks, it hasn't been in operation all that long. Meanwhile, the cost of the department has skyrocketed. Hold that chart up to any thinking individual and ask them to justify that miserable performance. Sadly, probably close to half the citizens of this country will hold on to the intentions of the D of E being of value, not it's outcomes. That's how the left thinks..........intentions over outcomes in almost everything they believe in. It's going to be a wicked battle ahead. We can look to the success Milei in Argentina and hope that his current level of success is a harbinger, but we, as a nation, haven't gotten to the level of despair that Argentina has, so we may not be ready for common sense cures.
Oooo, Milei IS exciting to watch!! GO Argentina!!
And LETS GO AMERICA!!!🇺🇲🎉💯
The problem with this simplistic assessment is that it neglects to account for inflation, population growth and the limited access to education pre-1979. Since the department started cost per student has lagged behind inflation while attendance and graduation rates have increased by 50%. It has not just been intent but actual outcomes.
@@ianbelanger7459 "limited access...prior 1979" is a fallacy within the past century, I'm old enough to know better. Population growth is roughly 50% in that time frame so the rates are merely tracking overall population growth for the most part. The poor outcomes are Un assailed which demonstrates that the DOE made no positive addition regardless of whether the cost of running that department was ahead or behind inflation.......waste is waste. To repeat, it's about outcomes not wishful thinking.
@@rodderbob There is simply disagreement that enrollment improvement from 80 to 90 percent is not a positive outcome and graduate rate improvement from 60 to 90 percent isn't good. It is also worth noting that rates are independent of value, so the improvement from 1979 to the present is in addition to educating the additional students. As to the cost mention, those are on a per student basis, so again despite allocations lagging behind inflation, since the department began, there has been an improvement in attendance and graduation percentages.
It's about time the government gets an overhaul
Hey John! Stumbled on your content about 2 months ago. Subscribed recently. Love what you’re doing! Love the perspective and call to fathers and men to step up and lead our family & country!
Also, your content is so well done. I’m trying to perfect what I do and get to that next level. Would love to ask you a few question when it comes to content creation! If you would ever be willing, please let me know!
Otherwise best of luck to you and your channel. Keep up the good work.
Thanks my friend. Head over to dadsavesamerica.com and sign up. You’ll see an email there and I’ll try to respond as fast as I can.
Musk and Ramiswamy are the Bob's from office space
Departments and all their laws and mandates are unconstitutional if they were not set up by elected officials. Revoke all these unconstitutional laws and then you no longer need employees to enforce these laws. Any cuts they can make is better than no cuts. I think they will be able to cut more than you think. There is a lot of wasteful spending in military and SS that can be reduced. Bottomline the federal govt shouldn't be the largest employer in the world.
How would reigning in monies sent to other countries impact government spending? It would be interesting to analyze that budget item, and weigh it against America’s priorities? Just how much do we get in return, for that funding?
Frankly I think it would do wonders for the country if the majority of people had even just a schoolhouse rock level of understanding about how our government works
Give us a flat tax with a single deduction for each person and no others. Then, you can eliminate 90% of the IRS.
I was expecting some... Wii! wii! Wii!
Great work Dad, keep it going.
Would like to see education become meritocratic again, including admitting students who can actually pay. No freebies
Conflicted does not equal corrupt. I do think there is core education that ought to be standardized. Also, a civics test to vote.
Great presentation, one small correction from Canada - the size of the bureaucracy has increased by roughly 40% over the last 9 years under the ridiculous Trudeau regime. Trudeau's merry woksters have completely undone the efforts of some 20 years of both conservative and liberal gov'ts. Here's hoping the 'Doge' can take a few big bites out of the blob so we can take notes up North!
True. Canada had its 90s moment and now you’re run by a true communist. Send you our thoughts and prayers.
The department of education is not in charge of how schools are run. From wikipedia-Establishing policies on federal financial aid for education and distributing as well as monitoring those funds.
Collecting data on America's schools and disseminating research.
Focusing national attention on key educational issues.
Prohibiting discrimination and ensuring equal access to education.
We should default on our debt. It wouldn't create a nightmare financial crisis, it would do the opposite. No one is going to lend money to the government that defaulted on $35,000,000,000,000 at a reasonable rate, which will force the givernment to balance the budget. You cant spend more than you take in if you can't borrow money.
And everybody holding that debt will go bankrupt immediately.
@ms-jl6dl I'm not saying we just stop making debt payments and declare the debt gone... that's insane. But trying to pay off all 35,000,000,0000,000 is also insane... We're going to default eventually... Better we do it now when it's still possible to negotiate with our creditors and the number down to something more realistic instead of 25 years from now when it's $200,000,0000,000,000 and we miss an interest payment because there's literally no money.
I can't wait to come back here when Elon has been able to do his thing for four or five months, just to see you're face, saying "WTF?! How did he do this?!"
Why do you think I’d be anything other than absolutely elated?
If you look at the top spending agencies, and then look at whats happening in real life. Specifically the areas we spend the most on are the areas the country is litteraly completly corrupt and the actual people in this country constantly complain about not being able to afford anything etc. almost like the ones that get the most money are the ones who do absolutely nothing with it and just pocket the money.
Crunchy homeschool mom here and I say tear it all down. I am so happy Trump won.
Well, look at it this way: DOGE is hiring volunteers with high IQ's to cut inefficiencies and paying them zero dollars to do the job, and I expect Elon and Vivek would do the same (they don't need the money). What does the American taxpayer have to lose? Doing the same thing over and over and expecting different results WOULD cost wayyy more!
Changes are coming but it's not going to happen overnight or without some pain. A household that finds itself constantly struggling to make ends meet it has to find things to cut. It's not easy and can be a little painful but needs to be done. Same goes for government.
Honestly, while I'm very much in favor of what Elon and Vivek are aiming to do... I'm afraid they're not going to be able to be brutal enough with the cuts that they need to make to have sufficient effect.
Nobody is eating diapes, but their largest organ is absorbing everything that touches it. What we put on our skin matters.
I do hope you're wrong about the deficit. We HAVE to get it under control.
10:29 Congress is the House and Senate.
Yeah, I know. I misspoke and we got a little lazy and left it in.
I'm so disappointed that they named it as a meme. It's such a serious thing that needs to be done, and Elon decides to make a joke. I like him, but let Vivek handle it, Elon is just a distraction that will attract problems.
I think you’re right on the money.
Elon is too eccentric
There are so many agencies that overlap in their shared authorities, it’s ridiculous with how much the bureaucracy ferments and bogs down the entire system. Too many little kingdoms of bureaucracy’s that conflicts with each other. There needs to be more streamlined alignments of these sun agencies and clear cut authorities and duties.
And some of the agencies just need to be dissolved. They are nothing but waste bins of tax payer money going towards contracts, salaries and benefits to friends, relatives, associates etc.
I knew I liked you for a reason! We had four cloth diaper babies. It was the best 😁
Oh, and also good takes on the politics. All I can say, I wish them luck!
you can't even get a federal budget anymore, let alone a balanced one
2 men who have SUCCESSFULLY run built and run companies!
Both who came from much closer to "middle class" than anyone else.
Both have stood up and faced down criticism when there was no way to know if it would ruin them
Both are very good at CRITICALLY looking at something and seeing if ANOTHER WAY could be found!
One person said it very well that had me excited and got me thinking
Elon is probably one of the smartest men in generations. Listening to him talk he sounds a little odd sometimes but I think it's bc his mind is constantly racing and thinking and he has to work with a mundane mouth, tongue, vocal cords at a MUCH slower speed to get out his ideas.
Vivek IS DEFINITELY intelligent but he's VERY smooth.
He will "polish" what Elon is saying. He will help find ways to implement Elon's ideas into something that won't gut the government in ways that cause undue hardship.
There IS a lot of government bloat.
But a lot of that bloat gives paychecks.
Unnecessary departments might lead to unemployment which is likely why government cuts are promised but not delivered
Hopefully both things can happen.... cut the bloat without undue hardship
Take ridiculous spending (like finding out if sunfish are more aggressive on gin vs tequila!?) And apply it to severance packages for Unnecessary government programs
We have nothing to lose. If we don't try this we will still have a financial crisis. I'm going all in. If anyone can do this. It's Vivek and Elon. The Chinese pretty much own us already. Let's see if this gamble works and let's America breath some air. I'm sure it is. Time for America to pull itself up by it's bootstraps.
@12:55 There's some important points with that expenditures pie chart.
1) "Pensions" does not include military pensions. Those are classed as defense spending. The pensions slice is purely for bureaucratic pensions.
2) The Defense slice also include infrastructure maintained by the Army Corps of Engineers. This includes most bridges on national highways, as well as maintaining dams and all navigable waterways.
This is, in effect, a shall game played to make the actual Defense numbers seem bigger than they really are. Why are military pensions, not included with other pensions? Why are infrastructure expenses, classed as military expenses?
With the rise of cryptocurrencies and continuous fall of birth rate, the welfare states will eventually fall.
Could you imagine how much the price of groceries and basic necessities could go down if there weren't countless government agencies spending all this extra money and enforcing all these cost inducing regulations? There would probably be so much quantity of cheap goods that people would have insansly high living wages, at least the bare minimum for a decent living.
It would be radical.
DOGIE - Department of Government Innovation & Efficiency
One simple thing that could be done to improve "efficiency" is to change the impact to any department/group, that doesn't spend it's full budget within the fiscal year.
At present, if they don't spend 100% of what was allocated, typically, it is interpreted that they didn't need that much and their budget is cut in the next fiscal year.
The unintended consequence of this is that it is common for any given department/group to issue contracts prior to the new fiscal year (October 1st) for stuff that isn't necessarily essential to their mission, but will simply soak up their remaining budget.
So, how would one eliminate this practice?
One way would be to add some sort of incentive practice, where if any department/group had money left over at the end of the fiscal year, some portion of it would be given to the employees.
Of course, this would require some sort of independent audit process to check to make sure that they didn't have money left over because they didn't meet the minimal requirements that their mission described.
To maintain proper checks and balances, this audit process would only have the authority to approve or deny the bonus payments.
If federal employees are screwing citizens, I have no doubt that Congress would weigh in on any given malfeasance, since it's a perfect sound bite to enhance any members credibility with their electorate.
Balance the federal budget and cut taxes.
Please!!!
The biggest thing this admin can do is cut the waste in spending, and find ways to pay down the debt. Even if they only manage to do like 5 percent across the whole thing. That still be about 1.2 trillion that can be put towards the debt. Were not gonna get 10 trillion paid off even though we desperately need it
Great video! Although I think your wrong about health and social services. There is just as much bureaucratic bloat in those agencies and they need to be cut just as aggressively!
Just look at the growth of admin jobs vs. patient care roles in new hiring.
Oh 100%. It’s even worse. They should be reduced to an ultra-high deductible catastrophic insurance plan, administered by software and fire virtually everyone. I’m going to do a video about this but here’s a start: x.com/johnpapola/status/1858231217923211686?s=46
Sick of the constant complaints about Trump. It's not working currently. Keep your opinions until he messes up
It would be great if government really considered the cost to the country of their rules, but I doubt they ever will. They will just figure out new tricks in the name of CYA and institutional success.
Well explained
It's absolutely true that cutting federal employees, while substantial, isn't going to fix the budget, not even close. The goal, as stated by President Trump, is to achieve a ratio of GDP to debt - which will still increase over time, at least for the foreseeable future - gets us to an underleveraged position. Inflation is normal and necessary, ideally running essentially in parallel with population and GDP growth (that's why a gold-backed currency can work without continually increasing the quantity of physical gold). If you can grow faster than you increase debt, current debt interest factored in, eventually the debt diminishes. Not in dollar amount, but inverse to inflation with regard to value. When debt exceeds growth, inflation devalues currency so products cost more. When growth exceeds debt, currency increases and maintains value, or increases in value, so the debt burden lessens (servicing the debt becomes a smaller percentage of total economic liability). DOGE is just one piece of the bigger economic plan. It's a monumental undertaking, incomprehensible in scope to the majority of us. Which is why Trump is bringing on the best and brightest (Elon and Vivek are working for free, BTW), and why Elon has put out a call for volunteers with PhDs, masters and high-level experience. Tariffs, domestic manufacturing, domestic energy production, regulatory burden relief, and tax incentives all have to be coordinated in the right quantities and timed correctly so they support each other. It seems like an impossible task. But if Elon thinks it can be done, who am I to argue?
If Musk is planning to cut $2 Trillion of government spending he must mean over a long-term time frame (10-20 years). The discretionary budget is $1.7 Trillion. We need to grow the economy and reduce the cost of goods and services through innovation using AI and robotics. We need to manufacture everything in the US. The future of manufacturing will be local/regional/domestic. There is no advantage to globalism with robotics costing $0.50 to $1.00 per hour, outside of raw materials geographically.
Couldn't we also abolish the Federal Reserve, then default on the $6 trillion debt owed to the fed?
Yes and no in terms of accounting, but it could be done but would break a few standards of accounting. Would be way easier to transfer it.
The thing is that debt is debt that eliminates the money when paid. It is actually deflationary.
The debt the fed owns could be converted into a different type of bond if needed to Either pay of more sooner, or not pay interest on it the the principal is payed.
Another thing we can do is transfer the debt to social security to fund it.
Rich people love tax cuts because they don't use public services. Their security, transportation, medical, housing, etc...is all private, so they understandably don't want to pay taxes that go into services they don't use. Since rich people pay (or used to pay) most of the taxes as they had most of the income, it follows tax cuts take priority whenever rich people control the government. Both the Democratic and Republican Parties are very enthusiastic about tax cuts.
So if we get out of Ukraine and the Middle East as well as other BS conflicts. Eliminate ultra processed foods. How does that compute?
English here. We tried this with Austerity from the Conservatives for 10+ years. The lack of investment in the UK has put our economy on a real struggle for growth. What is clear is that we should have been pressuring our politicians to spend money on investing in the country's infrastructure. Transport, housing, job creation. If money is being spent on these things, it leads to growth, which benefits everyone in the long term and gives you a surplus to pay down national debt.
So look to trim the fat, because you have borrowed a lot, but do not blindly follow billionaires into "efficiency savings" which really equate to already poor social services being cut entirely, and instead pressure your politicians to only borrow to invest in the country. Constant investment in the country is the best use of tax payers dollars. This looks more like a cash grab.
I’m curious, did “austerity” ever involve government spending going down? There’s been lots of talk about so-called “austerity” post 2008 where taxes were hiked but spending kept growing even as services were cut. That’s “austerity” for we the people but not the government. That’s a scam, designed to harm support for civil society and prop up greedy politicians. I’m deeply suspect of these popular austerity claims. It’s mostly government propaganda to mask its extreme corruption and incompetence.
Ah, yes, spending our way out of debt. Like digging yourself to get out of a hole.
@@DadSavesAmerica Our councils who get their budget from central government have had a really rough time with slashed budgets, some have declared bankruptcy. The politicians themselves however quite quickly voted themselves several inflation beating pay rises during the austerity years. Yes I completely agree with you. It was a cynical move made by greedy conservatives, in the aim of shrinking the state. It was borne from incompetence, corruption, and right wing economics.
@@Triaxx2 Point taken, but neither GOP or Libs were going to 'not borrow'. I'd say under maga you have a much greater chance of pensioners being picked on - that's what we saw in the UK anyway.
The bigger issue you allude to is why do both your major party choices both want to borrow into a deficit.
@@luapseirffej It's not that they want to, it's that they can'. It's not their money, so they can spend as much as they want, because as far as they are concerned the well is bottomless. Not enough money? Just raise taxes. Not like there's anything anyone can do about it.
Outside "consultants?" Have you read about FDR's "kitchen cabinet?"
Do you mean the “brain trust” and folks like Rex Tugwell who were all excited about communism and fascism?
dont need the zoom cuts everywhere. very annoying.
So the question is why are we giving grants to other countries?
When you understand that grants are just bribes, more will make sense.
Elon Musk's company SpaceX currently has a contract with NASA, and has had near $10 billion in contracts with NASA over the years. Will he be reviewing his own contract with the government?
4;45 not corrupt at all, possible conflict of interest, yes most definitly.
Hair on fire. This will be a controversial department-time for shock therapy-😮
Dismantling the regulatory state is a wonderful thing, and unlike most political "solutions" ("I'll end inflation by going after price gouging"), it addresses the source of the problem instead of trying to fix the outcome (the classic definition of insanity). Advisory boards like DOGE with audit power can identify the problems. And the undoing of the Chevron Deference may render many existing regulations moot, unenforceable, even illegal. But it comes with a mandate to the congress and the courts to legislate and decide challenges in an informed manner. The Chevron Deference was an acknowledgment that the lawyers that make up the courts, and increasingly our legislative branch, are unlikely to have the necessary expertise to make regulatory decisions. Our congress wasn't intended to be made up of lawyers and political science majors. It is supposed to be made up of business people, land developers, farmers, etc., people who live and work in the communities they represent. They propose legislation that would benefit their communities, returning to those communities to live with the rules they impose. It's the court's role test the legislation against the constitution. Term limits would hold the career public "servants" from settling into a life of perks, perpetual campaigns, and the influence of donors, and replace them with knowledgeable, community-oriented people who have experience in the real world (touch grass), not just a lawyer-politician's theory of what makes the earth spin.
There is no $36 trillion debt.
Only the assets that underpin the debt are overvalued.
All that is required is to revalue these assets at $36 trillion less.
That might not please some, but hey that is how the cookie crumbles.
Let alone that the usd we overprint is entirely defined by treasury bonds, wich the govt buys with the same money they print.
@ treasure bonds are just an intermediate step, that does not really matter in the grand scheme of things. Besides I doubt their is anywhere near $36 trillion in cash floating around, let alone the amount of money we value things at. If say that total value is $72 trillion then everything needs to be revalued by half. If that total value is say $360 trillion, then everything needs to be revalued at 10% less.
lol, I take it you think you won’t get hurt in a default. You are wrong.
@ I might not always be right, but I am never wrong. I don’t think, I know, or don’t know. Hurt is a personal thing, I might have a broken arm, but that does not hurt me, only restricts my ability until it’s heals. To many folks play this “ hurt” game, pathetic really.
Ones assets are ones assets regardless of the value assigned to them. Your house is your house, valued at $50k or $500k, your skill are your skills whether you get paid $25 or $250 per hour.
@@robertholland7558 You are often wrong. Stop fooling yourself.
Jumping your zoom in and out constantly gets really irritating.
Doge to the moon 🚀
Well viveks plan was to fire half of federal government day 1 and hes not a politician 😅
At first it will be easy, but will get harder and harder after the low hanging fruit is picked. To realise what Musk is promising will take immense political will.
Stop being reasonable. It's going to scare off the normies. Lol
Go Vivek!
How do we we get people off disability and unemployment benefits? Its very very hard. Perhaps we can go to every single person on a disability pension and ask the following questions: 1. are you still disabled. 2. what are you capable of doing with your disability? 3. how many hours a week can you work with your disability? Enable business of any size to participate in a scheme where they can hire these people for those tasks and hours they can do. Reduce the pension by a % and have the business pay them an amount that is greater than the reduction but still cheaper than the usual wage. It could help these individuals reskill and enter the workforce with lower requirements (eg not working FT and not doing things they cant do) and increase their income. It could help businesses grow with lower risk. And it could reduce the costs to the govt (everyone) by 10-25%. Person A says I can use a computer for 4 hours a day. Person B can work on an assembly line for 3 hours a day. Person C can work in child care for 4 hours a day. It would not be a trivial undertaking but we have got to start doing things different or start making hard cuts.
You'd probably end up spending $2,000 for every $1,000 reduction in benefits.
@@kenofken9458 if you let the traditional govt do it that wouldnt surprise me. The new guys in charge are not that.
@@yt.damian They're just like the traditional government, but less qualified.
During his first term, Trump added $7.8 trillion to the national debt.
A lot of people who want to attempt a job and get off disability are scared to try because of how hard it is to get back on if the job doesn’t work out.
@@NathanSmutz they would still be on disability this way. they would move off disability at some point in the future when they have been working for long enough, feel capable and can earn more money than where they are at on the pension.
The US Government is not a business. Most Americans conflate running a business and or a household with how the government works. They want the government to fund their businesses and interests with no taxes, no regulation, and no competition sounds kleptocratic to me.
Not no taxes, and no regulation, but the minimum amounts absolutely necessary.
Did you save America by voting red down the ballot. If not, your Dad status is revoked. 😅
Not sure I understand what about Musk leading government efficiency taskforce is "corrupt." There's exposure to corruption, but there's no reason to think someone who owns a business that relies on government contracts will be any more selfishly motivated than a government bureaucrat whose job relies on government bloat.
I voted for Trump but it is suspect for a few reasons: he has current govt contracts and he's a multinational citizen. In other words he can't be a true fiduciary for the electorate. We're at a point where we'll never not be a plutocracy in a republics skin suit. I've madey peace with it.
@RCCarDude I guess I just don't see how someone with no actual position in government who isn't getting paid and has no power at all is at much risk of corruption. Contrast that with every single person employed by the federal government. They have every incentive to be corrupt and hide or even increase inefficiency. Their livelihood relies on the perpetuation/expansion of their department.
Why not cut $125k toilet seat to $250,00?
Shoosh, that is mend to be a secret.
And $250 sound still way to much for a toilet seat, unless it has a heating element build in.
Why do I feel like at the end of four years the national debt will be doubled and the net worth of these guys will go up vastly?
Because that’s what you expect from politicians. Except these guys aren’t politicians… freeing up bureaucrats means more people who contribute to society.
@@tomwinterfishing9065 If you really believe these guys aren't politicians, I have some farmland in Death Valley for sale...perfect for almond groves!
Or if the country goes belly up they lose billions you lose thousands and your bank debt likely gets wiped out.