Does anyone think that's likely? And if so, what stocks would be prime for a spike with the announcement?
You realize that he's listed as a temporary gov't employee. He cannot work more than X days a year without congress approval.infinity ag said:
DOGE seems to have gone inactive. I don't see Musk making news anymore. Has Trump packed him off?
Dr. Doctor said:You realize that he's listed as a temporary gov't employee. He cannot work more than X days a year without congress approval.infinity ag said:
DOGE seems to have gone inactive. I don't see Musk making news anymore. Has Trump packed him off?
His whole bit was to get into the gov't to get data. There were/are no savings; we'll end up spending way more money in the long run: court cases, back pay and hiring people to replace those that were fired.
~egon
Dr. Doctor said:You realize that he's listed as a temporary gov't employee. He cannot work more than X days a year without congress approval.infinity ag said:
DOGE seems to have gone inactive. I don't see Musk making news anymore. Has Trump packed him off?
His whole bit was to get into the gov't to get data. There were/are no savings; we'll end up spending way more money in the long run: court cases, back pay and hiring people to replace those that were fired.
~egon
Speaking of cryptocoin. This is just one insane sentence after the next. I don't even know where to begin on what we're seeing. What are the Republicans in congress doing?knoxtom said:Dr. Doctor said:You realize that he's listed as a temporary gov't employee. He cannot work more than X days a year without congress approval.infinity ag said:
DOGE seems to have gone inactive. I don't see Musk making news anymore. Has Trump packed him off?
His whole bit was to get into the gov't to get data. There were/are no savings; we'll end up spending way more money in the long run: court cases, back pay and hiring people to replace those that were fired.
~egon
Yep. Musk took a bunch of data and stopped investigations into his companies. Trump clapped while he did it and sold more of his cryptocoin.
DOGE was always a scam. There never were any savings.
Quote:
Government spending is up 3%. DOGE was a scam.
I agree practically, but disagree conceptually. I think you're right on the end result, BUT, even though it's a small dollar amount, it affects the economy disproportionally, by adding regulations and bureaucracy that negatively impact the rest of the economy when overdone or done incorrectly. That's where we have been. The leverage involved of reducing unneeded regulations could have been quite stimulative to the economy (with resulting improvements to the deficit) if DOGE was set up apolitically and rationally by the right people. The economic effect of "putting many people out of work" should truly be "transitory" while the workforce transitions to more private employment (which is how it should be, in my opinion), and a proper plan can subsidize and enable this conversion (which was not considered, of course).permabull said:
The entire government payroll amounts to just 4.3% of federal spending so you aren't going to get much savings by just firing workers especially when you consider the overall effect on the economy by having so many people out of work (less money to spend, more reliance on government programs, etc)
When the dust settles I doubt DOGE will have saved any money and very likely cost us a lot when we eventually have to staff up the government again.
This is the starting point for trying to understand the real story. No doubt people high up in the current regime know these numbers, and they knew that firing a bunch of federal employees wouldn't make a dent in federal spending. When they proceeded to do it anyway, you wonder if it's just cognitive dissonance, willful oblivion, or perhaps something more orchestrated or even sinister. That is, are we witnessing gross incompetence or deliberate subterfuge?permabull said:
The entire government payroll amounts to just 4.3% of federal spending so you aren't going to get much savings by just firing workers especially when you consider the overall effect on the economy by having so many people out of work (less money to spend, more reliance on government programs, etc)
When the dust settles I doubt DOGE will have saved any money and very likely cost us a lot when we eventually have to staff up the government again.
TheMasterplan said:
Agreed.
The "losing jobs" argument makes no economics or business sense. The government is not a jobs program. It is services provided to the public that they pay tax for. If it is deemed those services are not living up to the tax being paid or the customers (taxpayers) are being felt like they aren't being cared for, you get DOGE and Trump.
That money that went to the federal workers is money that should go back to regular taxpayers who would then spend it or save it (for house, emergency expenses) which then create jobs elsewhere.
Look up frederick bastiats broken window fallacy. By taking taxpayer money for government jobs, you're taking jobs out of the natural economy.
I'm going to stop you there. The 'regulations and bureaucracy' is what enables our economy. I work in design of chemical plants and operations of chemical plants. I'm also a professional engineer. I've interacted with 'the gov't' in my work and typically deal with professionals that are easy to work with.I bleed maroon said:I agree practically, but disagree conceptually. I think you're right on the end result, BUT, even though it's a small dollar amount, it affects the economy disproportionally, by adding regulations and bureaucracy that negatively impact the rest of the economy when overdone or done incorrectly. That's where we have been. The leverage involved of reducing unneeded regulations could have been quite stimulative to the economy (with resulting improvements to the deficit) if DOGE was set up apolitically and rationally by the right people. The economic effect of "putting many people out of work" should truly be "transitory" while the workforce transitions to more private employment (which is how it should be, in my opinion), and a proper plan can subsidize and enable this conversion (which was not considered, of course).permabull said:
The entire government payroll amounts to just 4.3% of federal spending so you aren't going to get much savings by just firing workers especially when you consider the overall effect on the economy by having so many people out of work (less money to spend, more reliance on government programs, etc)
When the dust settles I doubt DOGE will have saved any money and very likely cost us a lot when we eventually have to staff up the government again.
Right idea - Wrong execution.
Well, I'm going to have to stop you right there, as well.Dr. Doctor said:
I'm going to stop you there. The 'regulations and bureaucracy' is what enables our economy. I work in design of chemical plants and operations of chemical plants. I'm also a professional engineer. I've interacted with 'the gov't' in my work and typically deal with professionals that are easy to work with.

TheMasterplan said:
That's the thing.
If you want regulations, you have to accept there will be politics involved. And you have to accept that there will be people you disagree with that can use regulations in a way you disagree with (see DOGE and DOE).
It's human nature. Bureaucrats are going to be democrats/left wing activists on the whole. Do you really think they're going to keep politics out of their job? Of course not. To me, that's undermining democracy and one of the true reasons people are against the slashing - it gives them less control and power over people.
I don't want the USA to become a commonwealth country where nothing gets done and the government is the source of all job creation.