Elon Musk and The Grace Commission Report \ stacker news ~Politics_And

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Elon Musk and The Grace Commission Report mises.org/power-market/elon-musk-and-grace-commission-report

460 sats \ 19 comments \ @Rothbardian_fanatic 5 Dec Politics_And_Law

Page four of the PPSS report states, “One-third of all their taxes is consumed by waste and inefficiency in the Federal Government as we identified in our survey…. With two-thirds of everyone’s personal income taxes wasted or not collected,...” (underlining in original). When we look at federal government waste in 2024, this report from 1984 is virtually prophetic.

Elon’s team should be encouraged to read the January 1984 Grace Commission Report as a critical teaching moment. Past reports on federal government waste were done and very few of their suggested remedies were applied. Is the will to implement federal spending cuts present? Past history says no and the federal fiscal reality strongly says yes.

I really do hope that the DOGE team has read this report, even though it is a bit dated. They have a lot of work to do in the little time they have. Preparations will be very important to getting the job done!

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31 sats \ 14 replies \ @freetx 5 Dec

They left out what I think is the most important part of Grace Commission Report.

Yes, 1/3 or all taxes are wasted, but the remaining 2/3rds was almost entirely consumed by interest on the debt and entitlements.

This means that the average tax payer receives no services for the income tax they pay (you generally won't receive entitlements if you are above the threshold that pays taxes).

21 sats \ 12 replies \ @Bell_curve 6 Dec

Welfare like Medicaid and food stamps and AFDC should be categorized as 'handouts' not 'entitlements' because the recipients are not 'entitled' to any benefits unlike VA, Social Security and Medicare recipients who are 'entitled' to benefits because they made contributions before age of eligibility

31 sats \ 8 replies \ @freetx 6 Dec

and to add to that.....remember our grandparents all had access to doctors and healthcare without needing medicare, medicaid, insurance, etc....and moreover the doctors made house calls.

Pretty much the entire healthcare debacle is caused by too few supply of doctors. The AMA is both the body that certifies doctors and admits them to medical school. Thats fairly unprecedented and doesn't exist for any other profession (the "bar exam" panel doesn't decide who can get into law school).

A person doesn't need to go to school for 7 years and graduate with 4.0 in order to prescribe an antibiotic or determine if you have the flu.

Thats where the supply / demand crunch hits: For all the non-specialist / non-surgeon roles. If there were 10x more doctors for those non-specialist jobs, it would relieve enough burden that healthcare prices could fall.

50 sats \ 6 replies \ @Bell_curve 6 Dec

AMA is a big problem

The other problem is an over reliance on third party payment and the third party is the federal government (Medicare and Medicaid)

Another problem (but relatively minor) is that most people get health insurance from the government or their employer

I realize that this list isn't exhaustive and a rehash of previous arguments

11 sats \ 5 replies \ @Rothbardian_fanatic OP 6 Dec

I understand. There used to be a system where you paid dues to a fraternal organization that bought a doctor’s services for the whole organization’s membership. So, they could all come in and get medical assistance from that doctor when he was there. As somebody also noted, they made house calls and were paid in cash. Yep, the monopoly greed certainly set them up well, didn’t it?

31 sats \ 4 replies \ @Bell_curve 6 Dec

In areas where people pay cash, a crisis is absent.
For example: plastic surgery, fertility treatments such as IVF, lasik surgery

11 sats \ 3 replies \ @Rothbardian_fanatic OP 6 Dec

Yes, isn’t that strange? Pay as you go in cash medicine is the basis for proper distribution of services. Ain’t economics wunnerful?

20 sats \ 2 replies \ @Bell_curve 6 Dec

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32 sats \ 0 replies \ @Rothbardian_fanatic OP 6 Dec

Just think if the AMA and the Flexner commission hadn’t restricted medical licensing to only their kind of doctor we could still have naturopaths, homeopaths, holistic doctors, and etc. We are being strangled by Rockefeller’s AMA.

11 sats \ 2 replies \ @Rothbardian_fanatic OP 6 Dec

So, you are saying they should slash those areas first? People will not like that!

10 sats \ 1 reply \ @Bell_curve 6 Dec

Slash handouts first or entitlements?

Politically, handouts will be easier to cut

16 sats \ 0 replies \ @Rothbardian_fanatic OP 6 Dec

Yeeeesss … much easier because the contributors that were promised something for their contributions really do want some sort of return on investment! No ROI, no contributions! Freebies are just freebies, even with promises of said freebies. The current clowns made lots of promises that they didn’t keep for the freebies and they lost it all. If they had cut out the people who contributed the overlords would probably be facing the French razor.

10 sats \ 0 replies \ @Rothbardian_fanatic OP 5 Dec

I don’t think it was left out, only left to people to ascertain from the text of the report. I think they played it as literally as they could to make sure that their was no misunderstanding what they did write using solid facts. The surmises and conclusions drawn by the general public were the public’s responsibility.

30 sats \ 3 replies \ @Satosora 5 Dec

Im wondering how trump is going to drain the swamp. That should also help.

0 sats \ 2 replies \ @Rothbardian_fanatic OP 5 Dec

Nobody knows how he will do it except him. Do we even know if he can do it?

10 sats \ 1 reply \ @Bell_curve 6 Dec

Won't draining the swamp be easier if most federal employees are working from home?

11 sats \ 0 replies \ @Rothbardian_fanatic OP 6 Dec

It would be harder. If they work from home, they can be comfortable in DC. If they are moved to Bumfuckegypt as a whole department, they are at least all gone from DC. This might encourage them to quit out of hand.