In this episode, Scott Becker explores the complexities of government spending, rising deficits, and the potential role of DOGE or similar initiatives in addressing inefficiencies.
Chapter 1: What is the main topic of this episode?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is Doge, Doge, Doge Part 2. So here's my take on Doge. The thing with Doge is quite complicated. At the end of the day, this last fiscal year, government spending was about, the fiscal year, the CBO says about $7 trillion, $6.9 trillion.
Chapter 2: Why is government spending a concern?
That's a number that's up almost $3 trillion over the last five to seven years. That's an obnoxiously high number that causes a tremendous deficit in spending. So to that extent, DOGE or something like DOGE is certainly needed. And the whole concept is, how does it work? How does the Department of Government Efficiency work? Does it fly off the heels?
Chapter 3: What are the implications of rising deficits?
But is it needed to fly off the heels because things have gotten so out of control in terms of federal spending that we have to do that? Now, what's fascinating about DOGE
Chapter 4: How does DOGE relate to government efficiency?
about federal spending is the stats that i see the federal spending's going up dramatically but the federal workforce has not so a lot of this cutting and dealing has got to be outside contracts other kinds of things and a lot of it's got to be done without hitting the three things you can't touch which is social security medicare and interest expense
It may be the military to some extent, but we'll see how it goes. But in any event, today's discussion is Doge, Doge, Joe's part two. I am coming around that Doge or something like it is really needed just because these expenditures that we have as a federal government are horrendous.
But we've got to cut these federal expenditures somewhat intelligently so we don't throw ourselves both into a recession or a depression. And so we also don't kill the ability to do what we need to do as a government. So fascinating, fascinating situation. Thank you for listening to the Becker Private Equity and Business Podcast. Thank you very, very much.