• Elon's Real Goal at DOGE and How to Fix the Debt

  • 2025/02/12
  • 再生時間： 57 分
  • ポッドキャスト

Elon's Real Goal at DOGE and How to Fix the Debt

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  • This week, Noah Smith and Erik Torenberg dive into recent economic developments, exploring 'Doge'—a term for reducing government waste promoted by Elon Musk and the Trump administration—along with its ideological goals, fiscal impact, and effects on executive power, budget deficits, healthcare, social security, and government efficiency. -- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse. -- Highlights from the Episode: Doge is perceived as a mechanism for cutting government waste. Noah argues that while Doge (Department of Government Efficiency) is publicly presented as a cost-cutting initiative, it's primarily an ideological project aimed at reducing "woke" initiatives in government. As zero-interest debt gets rolled over at higher rates (around 4%), interest costs are reaching historic highs as a percentage of GDP. Austerity measures will likely involve difficult choices for the middle class. Healthcare spending in the U.S. is disproportionately high compared to other wealthy nations. Government efficiency is harder to measure than corporate efficiency due to its multiple, often conflicting objectives, the influence of democratic processes, and congressional oversight, which complicates decision-making about program value. -- SPONSORS: NetSuite More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102 Found Found provides small business owners tools to track expenses, calculate taxes, manage cashflow, send invoices and more. Open a Found account for free at https://found.com/econ102. AdQuick The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit https://adquick.com/ today to start reaching your customers in the real world. -- SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co -- FOLLOW ON X: @noahpinion @eriktorenberg @turpentinemedia -- RECOMMENDED IN THIS EPISODE: Noahpinion: https://www.noahpinion.blog/
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This week, Noah Smith and Erik Torenberg dive into recent economic developments, exploring 'Doge'—a term for reducing government waste promoted by Elon Musk and the Trump administration—along with its ideological goals, fiscal impact, and effects on executive power, budget deficits, healthcare, social security, and government efficiency. -- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse. -- Highlights from the Episode: Doge is perceived as a mechanism for cutting government waste. Noah argues that while Doge (Department of Government Efficiency) is publicly presented as a cost-cutting initiative, it's primarily an ideological project aimed at reducing "woke" initiatives in government. As zero-interest debt gets rolled over at higher rates (around 4%), interest costs are reaching historic highs as a percentage of GDP. Austerity measures will likely involve difficult choices for the middle class. Healthcare spending in the U.S. is disproportionately high compared to other wealthy nations. Government efficiency is harder to measure than corporate efficiency due to its multiple, often conflicting objectives, the influence of democratic processes, and congressional oversight, which complicates decision-making about program value. -- SPONSORS: NetSuite More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102 Found Found provides small business owners tools to track expenses, calculate taxes, manage cashflow, send invoices and more. Open a Found account for free at https://found.com/econ102. AdQuick The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit https://adquick.com/ today to start reaching your customers in the real world. -- SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co -- FOLLOW ON X: @noahpinion @eriktorenberg @turpentinemedia -- RECOMMENDED IN THIS EPISODE: Noahpinion: https://www.noahpinion.blog/
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