DOGE may bring down inflation!

 

Musk’s Role in the Federal Government?

Jeff, I love your work, but I think you are being hoodwinked by the right, just as you think we are being hoodwinked by the left. I am sure there is waste, fraud, and abuse in the federal government, but to destroy the federal government and cruelly put thousands of federal workers out of jobs is not the way to do it. You cite all the “savings” that Elon Musk has uncovered, but the truth is that a lot of it is a lie because he and his dogebags don’t know how the government systems work. For example that Social Security was sending out thousands of checks to 150-year-olds was proven to be false, as well as a lot of the so-called savings. And what about firing so many essential workers that they figured out they needed to rehire? Is that efficient? Not to mention, although I will mention it, most of the firings are blatantly illegal. There is a process involved, by law, for firing federal workers which Musk, with Trump’s backing, is trampling. Your political bias is staggering and I wish you would stick to what you are great at, which is analyzing stocks, especially in the technological field. I’m sure you won’t publish this, but I hope you read it. Thanks. – William D. Hi Jeff, I like many people am happy that fraud is unearthed and exposed. However, I am very unhappy and displeased with the fact that you show no concern for the law, which is equally bad. The Republicans, if you can call them that, control both houses and the presidency. They could create new laws allowing somebody like Musk and his young kids access without the requisite security checks if that’s what they want. I would not like it, but it would be legal. You appear to have no concern for this. And that is disappointing. – Gordon E. Why should we trust what Musk says about where the money is going? I haven’t seen any verification of this anywhere. I don’t trust anyone associated with Trump b/c he is the world’s biggest liar. Musk could be just interpreting the payments in a way suitable for his own political narrative. I think DOGE is overstepping the bounds of our Constitution. – Michael S.

Gentlemen, I appreciate you writing in, I know this topic is on a lot of people’s minds. The extent to which I care about politics is how it relates to monetary, fiscal, and economic policy. My bias is policies that are conducive to economic growth and opportunity. That’s great for job opportunities and it’s also great for investments. My wish is that we have healthy economic conditions for all of my subscribers. While we can trade and invest in any kind of market environment, I’d prefer to have healthy or bull market conditions over bear markets. Consistently running $2 trillion annual deficits is not a path to prosperity, and it robs our children and our grandchildren of their futures. And as we have painfully felt, it leads to inflation, and eventually hyperinflation. It is unsustainable. The sad reality that we all have to accept is that we’ve learned that there has been massive fraud and misallocation of U.S. taxpayer dollars on the scale of hundreds of billions if not trillions of dollars. It’s uncomfortable, it’s sickening, and it’s painful to learn about. And it must be cleaned up. Whoever committed the fraud with U.S. taxpayer dollars, Democrat, Republican, or otherwise, they all need to be prosecuted according to the law. I find the criticisms of Musk and his team at DOGE unsurprising. He has been attacked relentlessly for years. The media and critics predict that he will fail at every initiative and new project that he undertakes. I expected as much with the task that he had been given at DOGE. The key point for us to understand is that Musk and his team at DOGE are hired as government employees. Their goal is to discover fraud, corruption, irresponsible spending, and misallocation of U.S. taxpayer dollars and make recommendations to the executive branch. It is for this reason that Musk and the DOGE team are not violating the constitution. It’s also worth mentioning that third-party consultants are regularly given access to sensitive government information related to social security and other divisions of the government. The government historically has extensively used consultants and contractors for various purposes. I find it funny that no one was complaining about these 3rdparties having access to sensitive information over the last 30 years, but now that Musk is uncovering massive fraud that has taken place at the U.S. taxpayer’s expense, it is suddenly a problem. And William, I’m deeply sorry to say, but the U.S. government has been sending social security money to people who have passed. Just this January the U.S. Treasury recovered $31 million in payments that went to dead people and estimates that it will recover at least $215 million between now and 2026. And this is just what the U.S. Treasury has discovered, I am confident the actual numbers of social security fraud are much worse. And sadly, there are people on the U.S. government payroll that aren’t working and have been paid for years. Serious question, are we really OK with those people not lifting a finger, not doing any work at all, and yet receiving a full salary at the expense of hardworking U.S. taxpayers? I’m not. And the sooner the U.S. government figures out who is actually showing up to work and who isn’t, the better. And to put things in perspective, Musk and his team at DOGE have only been in place for 46 days. Just 46 days and more than $100 billion of fraud and waste have already been discovered. In just 46 days. For example, we just learned about something called the Greenhouse Gas Reduction Fund, which was positioned as a $27 billion green program supposedly managed by the Environmental Protection Agency. It has now been discovered that $20 billion of that money was sent to non-profit groups in the weeks that followed the November election, and these are some of the biggest grants to be given to individual organizations in history… and the money is not being used to reduce greenhouse gases. The Department of Justice is already investigating this massive fraud. And I won’t even get started on the massive fraud that has taken place through USAID. While it’s sickening, we have to accept that what we’ve learned in just 46 days is just the tip of the iceberg. It gets worse. And it needs to be cleaned up. The alternative is ever-increasing deficits, more fraud and corruption, restrictions on individual freedoms, and eventually hyperinflation and economic collapse. And never in my life have I seen more transparency. If anyone hasn’t yet checked out the DOGE website – please do so here. Every day it is updated. There is a “wall of receipts.” We can see the abuse and the absolutely absurd ways that U.S. taxpayer dollars have been spent. The receipts, the documentation, and the proof will continue to grow by the day, as will the realized savings to the U.S. taxpayer. They are moving fast because they have a sense of urgency to address the $2 trillion deficit. That makes me happy because if we don’t get inflation under control and reduce the cost of living, things are going to get worse. The current administration will make a few mistakes along the way, and as long as they correct them quickly, which has happened already, the U.S. has a once-in-a-generation opportunity to return to a balanced budget and fiscal responsibility. It has been 46 days, and the results have been just remarkable. Why not give Musk and the DOGE team the benefit of the doubt, let them do their job making recommendations on how to balance the budget, and see how much progress they can make in 2025? I’d be willing to make a gentlemen’s bet that the team can affect at least a $1 trillion reduction in the deficit by the end of this year (for the next fiscal year). And that would be a very good thing for all U.S. taxpayers. And just a note to keep things in perspective. If Musk and his teams can catch a rocket returning from space with robotic arms on a launch pad three times in a row (the third time was just yesterday), I’m pretty confident that he and his team at DOGE will be able to accurately discover and document fraudulent activity and waste.   Jeff Brown