Attention Economy


Monday, November 25, 2024

Can DOGE Reduce US Government Spending?


Musk Wants $2 Trillion of Spending Cuts. Here’s Why That’s Hard.
https://www.wsj.com/politics/policy/government-spending-doge-elon-musk-trump-administration-60477bc5
Trimming U.S. government spending is tough, even by amounts that are much less astounding.

Elon Musk’s $2 Trillion Fiscal Fantasy
https://www.project-syndicate.org/commentary/trump-tax-cuts-will-increase-the-deficit-no-matter-what-musk-says-by-jeffrey-frankel-2024-11
It is often said that a businessman like Donald Trump or Elon Musk will know how to put America’s fiscal house in order. But between Trump’s planned tax cuts and Musk’s absurd estimate of how much federal spending can be reduced, the smart money says they have no idea what they are doing.
 
Fareed Zakaria shares why he's excited for Trump's DOGE
https://www.cnn.com/2024/11/24/politics/video/fareeds-take-doge-trump-musk-ramaswamy-gop-spending-gps-digvid 

2.3 Million Jobs: The Federal Workforce, in Charts
President-elect Donald Trump and Elon Musk want to slash the ranks of government employees; 70% of civilian workers are in military-related agencies