White House economics reporter for The Washington Post: "Musk, Ramaswamy today gave us first "DOGE" roadmap; as I understand the key steps...:
1) Put DOGE ppl at each U.S. agency, then use "advanced technology" (AI?) to have them identify "thousands" of regulations to cut across government
2) Give Trump a list of "thousands" of regs to cut across the government, & have him approve their elimination
3) Identify "the minimum number of employees" necessary to maintain each agency's core function, which should be lower once 2 is complete. (NB: Musk oversaw ~80% reduction in X headcount)
4) Cut the federal employees - Musk/Ramaswamy call for for severance packages/ "incentives for early retirement," but we have no details
5) Cut programs where where Congress's specific spending authorization has lapsed (This category includes VA health care, NASA, antipoverty programs)
6) Approve a "temporary suspension of payments" amid "large-scale audits" (Details, specifics hugely unclear)
7) Assert POTUS authority to stop spending w/o Congressional approval by challenging 1974 budget law on impoundments
All seems to be w/o Congress"
📎 Jeff Stein
https://www.washingtonpost.com/business/2024/11/20/musk-ramaswamy-government-cuts/
British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619