Cato Daily Podcast Cato Identifies Trillions in Spending Cuts for DOGE
Dec 12, 2024
Join Alex Nowrasteh, a report editor at the Cato Institute specializing in immigration policy, and Ryan Bourne, an expert in economics and public policy. They dive into the Department of Government Efficiency's ambitious mission to identify spending cuts. The conversation highlights a proposed $2 trillion reduction, focusing on areas like federal aid and healthcare. They discuss the legacy of regulatory reforms that have driven innovation and emphasize the moment for libertarians to advocate for substantial government efficiency reforms in today's political climate.
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Root of Government Inefficiency
- Government inefficiency, wasteful spending, and economic problems stem from its excessive size.
- DOGE aims to address these issues through spending cuts, deregulation, and agency restructuring.
Long-Term Regulatory Reform
- Congress should adopt sunset provisions and be more specific in regulations.
- This prevents regulatory state regrowth and promotes clearer accountability.
Unforeseen Innovation
- Removing regulatory barriers can spark unexpected innovation in various sectors.
- Deregulation allows for unforeseen growth and development, as seen in the airline industry.