(Maaaan... previous ~econ post is my own from 12h ago... not going great right now for the best territory! #878667., no actually there was one post in-between! (#878984)
First of all, "hostile takeover" is stupid. Elon has no specific "power" (that's the real problem since his DOGE/anti-waste efforts can only do minor things under the executive's control, not the real bad stuff that Congress needs to cut). Plus, the idea that he wasn't democratically elected is so stupid... yeah, cuz Trump didn't campaign with him and saying explicitly what he wanted him to do?? jeez, louise.
behind the scenes, the richest man on the globe had quietly recruited tech executives and a slew of young coders, who would quickly deliver shock treatment to one of the world’s largest bureaucracies. ... Emissaries from Musk’s so-called Department of Government Efficiency have infiltrated major agencies, fired or suspended tens of thousands of civil servants, and gained access to reams of sensitive security, health and financial data.
Very nasty indeed: Yes, that is how things like these get done!
Also, the federal government has something like 2.5 million employees; firing "tens of thousands" of those parasites achieves next to noooothing. Besides, the venerable Al Gore under Clinton managed to shrink federal workforce by some ten times that (though, over a few years... maybe the speed is what angers these people?)
FT helpfully provides a nice chart of the specifics of U.S. fiscal-parasitic problem:
CUT SOME OF THAT SHIT, BITCH!
Also, so far so good:
Any doubts about Doge’s efficacy were set aside by the opening salvos in Musk’s cost-cutting drive, as his team rapidly became the government’s de facto human resources department, offering buyouts to millions of employees, and getting rid of diversity, aid and development programmes.
Problem remains:
Doge has yet to take aim at social security and Medicaid payments on which tens of millions of Americans rely or at the Department of Defense, which together account for the largest chunk of federal spending. Trump has vowed to not touch welfare benefits in “any way, shape or form”, while the Republican-led Congress is highly unlikely to sanction significant cuts to the Pentagon’s budget.
Also, check this out:
Don't wanna play partisan games here (paraphrasing Mr. Trump: there are bad people on both sides!), but... anyone remembering a certain day 4 years and 31 days ago today?
Yeah, that's right; your sorry asses were indignation itself over the preposterous Trump rallies over coups/storms/assault on democracy. And now this is a coup...? Fuck. Sake. (what, so you all go to jail now...?)
"Musk has morphed into the most prominent of the so-called techno-libertarians in Silicon Valley, who believe government regulations hinder innovation and profits."
Cool yeah, I'll take it.
(Also, @Undisciplined, the journalists in this story report 60,000 fed workers taking the buyout offer. Again, I'll take it!)
Sorry this is in ~econ, because sincerely it's all just a politics rant... but it is the Financial Times and there were some fiscal considerations in the article!
Anyway, happy weekend reading.
non-paywalled here: https://archive.md/Ocmm9