Slate Money What the D.O.G.E?
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Nov 16, 2024 Elon Musk and Vivek Ramaswamy unveil grand plans for the D.O.G.E. as they navigate the complexities of federal spending and efficiency. Meanwhile, Bitcoin hits record highs amidst speculation about its volatile future. The podcast humorously dives into AI clones impacting both dating and job applications, questioning their effectiveness. Plus, an amusing look at a bear costume scam highlights the absurdities of online verification. Overall, it’s a whirlwind of finance, tech, and social commentary!
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DOGE's Difficult Task
- The Department of Government Efficiency (DOGE) aims to cut trillions from the federal budget, a task deemed challenging due to the size and nature of government spending.
- Much of the budget is allocated to programs Americans favor, like Social Security and healthcare, making large cuts difficult.
Past Efficiency Initiatives
- Past attempts at government efficiency, like the Clinton-era reinventing government initiative, involved insiders and incremental changes.
- Kushner's Office of American Innovation, similar to DOGE, seemed more like a vanity project than a serious effort.
Outsiders vs. Insiders
- Bringing in outsiders to identify inefficiencies can be effective in business, but it's uncertain whether this approach will work with the federal government.
- Consultants often profit more than the businesses they're supposed to help, raising concerns about DOGE's potential impact.
