Paul Krugman on DOGE

[surfered]

Last edited Mon Feb 24, 2025, 12:41 PM - Edit history (1)

Money line on savings claimed by DOGE: Several news organizations, including Bloomberg, the New York Times and the Wall Street Journal have gone through DOGE claims of savings and found that it’s a steaming pile of, um, DOGEshit.



DOGE is the Theranos of Cost-Cutting
And other notes from the Chaos
PAUL KRUGMAN Substack
FEB 24, 2025

From Memorandum

https://paulkrugman.substack.com/p/doge-is-the-theranos-of-cost-cutting

[Johonny]

1. Sounds like Paul is saying sell!

[Aviation Pro]

2. Gotta a theory that the market is acting like 2008 again

Covering up the hemorrhaging.

[freedom fighter jh]

3. How can DOGE claim ANY savings?

They have no authority to stop programs funded by Congress or to terminate contracts.

[hay rick]

4. The markets.

I think the markets are still in the suspension of disbelief phase. Surely the Wall Street billionaires will talk Trump out of doing anything too crazy...

[dalton99a]

5. Kick

[BootinUp]

6. Why would you copy and paste the full article?

Are you Paul Krugman?

[patphil]

7. It's not about actual savings, it about the illusion of savings.

This justifies the continuation of the dismantling of the US government; make the people think the pain and suffering is worth it.
I wonder how long this bullshit can continue before all hell breaks loose across the country.

[Cosmocat]

9. Correct

Its about feeding the base the garbage they need to gaslight themselves.

[patphil]

11. Gaslighting themselves. Excellent!

[BruceWane]

12. It'll continue for a long time.

One of MAGA world's biggest fantasies is that the federal government is actually > 90% fraud and waste, so if "true/real reform" can be achieved their taxes will be reduced to nearly nothing while suffering no ill effects from massive reductions in government services or from a complete rearrangement of worldwide geopolitics due to the withdrawal of US strength and influence.

They'll hang on to this fantasy until it is absolutely, irrevocably proved false. And the only way that is going to happen is for

a) Trump/Musk come forward and say "You know what? We were wrong. We went through the entire federal government in detail and found that it's actually running very efficiently. And we have now a much better understanding of the USA's position in worldwide trade and geopolitics and will work to maintain our dominant position in these areas."

or

b) Trump/Musk essentially destroy the country from within, plunging the US and subsequently the entire world into a combination of The Great Depression v2.0 + WWIII.

Guess which is more likely to happen first?

[returnee]

13. Not even illusion.

It’s all assertion without justification or evidence of any kind. SOP for Maga. Amazing what people will accept on mere assertion.

[Skittles]

14. we already KNOW how stupid they are, they voted for TRUMP

so I imagine it will take quite some time before they "wake up", if they EVER to

[BootinUp]

8. Link to the original page you copied

https://open.substack.com/pub/paulkrugman/p/doge-is-the-theranos-of-cost-cutting

[Walleye]

10. Democrats are still too mealy-mouthed about the whole thing

Watching Amy Klobuchar on the view. Stop saying oh we all agree with reforming and saving money. Start saying we are fighting fascism here. I don’t know why they are afraid to express the truth. It seems like they’re too used to accommodating the other side for what reasons?