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Dulcinea

(8,441 posts)
Tue Apr 22, 2025, 07:49 AM Apr 22

DOGE isn't saving much money. So what is Elon Musk really up to? [View all]

(Business Insider) If Elon Musk's effort to remake the federal government was ever really about "waste, fraud, and abuse," those DOGE days are over. His quasi-agency has made huge and unprecedented changes to what the federal government does. But ask an economist, historian, or political scientist why, or what it all means, and you'll get a sad-sounding laugh in response.

One thing is clear: There were never many savings to be found. Last year, Musk predicted he could cut $2 trillion from the federal budget. (That was always going to be tough, mathematically, given that the government's entire discretionary budget is $1.7 trillion.) In January, Musk revised his estimate down to $1 trillion. Earlier this month, he revised the revision down to $150 billion.

On the other hand, DOGE has been very good at reducing the number of people who work for the government — as many as 216,000 federal employees and contractors are already out, with more dismissals in the works. Musk has gutted or eliminated agencies that prevent disease, protect us from pandemics, provide aid to our allies, ensure the safety of our food and medicines, and safeguard Americans against toxic chemicals. Every one of those efforts is a proven multiplier of our tax money — every dollar we spend on them redounds to the US economy. Which means that even if Musk succeeds at slashing government spending, he'll actually be adding to the federal deficit: DOGE cuts to the Internal Revenue Service alone are estimated to cost America some $500 billion in lost tax revenue every year.

https://www.yahoo.com/news/elon-musk-really-doge-4-080401392.html?.tsrc=daily_mail&segment_id=DY_VTO_CORE&ncid=crm_19908-1475736-20250422-0-&bt_user_id=vscTMKnI7S%2FoAwWKqufzpEvCMj3zGKbddC1FjqNoE0Zqty25VH3oOG6bBusD8Z%2BZ&bt_ts=1745321755160

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