Buh-bye, Elon

So Elon is headed back to the private sector after a star turn as chainsaw-in-chief and co-president. How did that work out, anyway?

“Musk’s original goal was $2 trillion in annual savings, downsized several times to the range of $500 billion. DOGE currently claims $175 billion in savings. But the House bill would formalize barely 5% of that.

“Those paltry cuts might not even pass the Senate, where there’s considerable, if unspoken, discomfort with the DOGE cuts, especially USAID. "DOGE has been more bark than bite," budget analyst Jessica Riedl of the Manhattan Institute recently told Yahoo Finance. “The actual [savings] figure is likely well short of $10 billion.”

“The reality of politics has revealed DOGE to be what many of its critics claim: a sham cost-cutting effort that leaves the worst aspects of the federal budgeting process unmolested. Every member of Congress claims jurisdiction over some little agency in the executive branch, and they’re not keen to have a vigilante like Musk swoop in to mess with their pet projects. Republicans included.”

 

https://finance.yahoo.com/news/commentary-trump-set-musk-up-for-failure-213548448.html

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