Discussion on Musk's DoGE ideas, the federal deficit, and GDP

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DiabloWags
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10:50a, 4/26/25
DOGE says they've made $160 Billion in cuts.
An analyst says those cuts have cost the taxpayer $130 Billion.

"The analysis seeks to tally the costs associated with putting tens of thousands of federal employees on paid leave, re-hiring mistakenly fired workers and lost productivity, according to the Partnership for Public Service (PSP), a nonpartisan nonprofit that focuses on the federal workforce.

PSP's estimate is based on the $270 billion in annual compensation costs for the federal workforce, calculating the impact of DOGE's actions, from paid leave to productivity hits. The $135 billion cost to taxpayers doesn't include the expense of defending multiple lawsuits challenging DOGE's actions, nor the impact of estimated lost tax collections due to staff cuts at the IRS."

https://www.cbsnews.com/news/doge-cuts-cost-135-billion-analysis-elon-musk-department-of-government-efficiency/
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movielover
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In reply to DiabloWags • 11:07a, 4/26/25
DiabloWags said:
DOGE says they've made $160 Billion in cuts.
An analyst says those cuts have cost the taxpayer $130 Billion.

"The analysis seeks to tally the costs associated with putting tens of thousands of federal employees on paid leave, re-hiring mistakenly fired workers and lost productivity, according to the Partnership for Public Service (PSP), a nonpartisan nonprofit that focuses on the federal workforce.

PSP's estimate is based on the $270 billion in annual compensation costs for the federal workforce, calculating the impact of DOGE's actions, from paid leave to productivity hits. The $135 billion cost to taxpayers doesn't include the expense of defending multiple lawsuits challenging DOGE's actions, nor the impact of estimated lost tax collections due to staff cuts at the IRS."

https://www.cbsnews.com/news/doge-cuts-cost-135-billion-analysis-elon-musk-department-of-government-efficiency/


One-time costs. DOGE / Administration have reduced Federal headcount by 300-400K in a few months. Rubio to add 15K from State.
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movielover
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3:15p, 4/28/25
$84 Million to Chelsea Clinton - not Haiti? If so, will there be indictments?

https://www.instagram.com/p/DJALjWKv2AA/?igsh=MzRlODBiNWFlZA==

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DiabloWags
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6:36p, 4/29/25
Consumer Confidence hit a 5 year low in April.
5 consecutive monthly declines.

Expectations Index hasnt been this low since October 2011.

Q1 GDP comes out tomorrow.
Q4 GDP was 2.4%

https://www.foxbusiness.com/economy/consumer-confidence-plunged-5-year-low-april

https://www.cnbc.com/2025/04/29/consumer-outlook-hits-lowest-since-2011-as-tariff-fears-mount-conference-board-survey-shows.html

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DiabloWags
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8:23p, 4/29/25
Oooops!

More MAGA !!!

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movielover
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In reply to DiabloWags • 1:36p, 4/30/25
DiabloWags said:
Consumer Confidence hit a 5 year low in April.
5 consecutive monthly declines.

Expectations Index hasnt been this low since October 2011.

Q1 GDP comes out tomorrow.
Q4 GDP was 2.4%

https://www.foxbusiness.com/economy/consumer-confidence-plunged-5-year-low-april

https://www.cnbc.com/2025/04/29/consumer-outlook-hits-lowest-since-2011-as-tariff-fears-mount-conference-board-survey-shows.html



Some allege Q1 GDP will be -0.3 %. Great news.
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bear2034
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2:25a, 5/1/25
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bear2034
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7:07p, 5/1/25
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movielover
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In reply to bear2034 • 8:39a, 5/2/25
Who authorized and approved of these loans?
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movielover
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10:15a, 5/2/25
These cats work fast!

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movielover
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10:16a, 5/2/25
Humm, who ran this. C-A?

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oski003
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In reply to movielover • 11:20a, 5/2/25
movielover said:
Humm, who ran this. C-A?



That is crazy.
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bear2034
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11:38a, 5/2/25

"The US Government was partying on taxpayer money."

- Elon Musk
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bear2034
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1:33p, 5/2/25
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movielover
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In reply to bear2034 • 1:43p, 5/2/25
bear2034 said:


Can they hit a Trillion? $500 Billion?

President Trump has floated cutting the military budget in half. We'd likely see another attempt on his life for that.
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bear2034
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In reply to movielover • 1:51p, 5/2/25
Trump should be cutting but I think he plans on increasing the military budget.
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bear2034
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1:52p, 5/2/25
The Trump administration asks the Supreme Court to clear the way for Elon Musk's DOGE team to access Social Security systems per Associated Press.
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DiabloWags
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2:00p, 5/2/25
EPIC FAIL by the TRUMP ADMINISTRATION to reign in Spending

His followers are so stupid and gullible.
Definitely low on the food chain.

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oski003
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In reply to DiabloWags • 2:33p, 5/2/25
DiabloWags said:
EPIC FAIL by the TRUMP ADMINISTRATION to reign in Spending

His followers are so stupid and gullible.
Definitely low on the food chain.



During the October December 2024 quarter, Treasury borrowed $620 billion.
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DiabloWags
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In reply to oski003 • 2:48p, 5/2/25
oski003 said:
DiabloWags said:
EPIC FAIL by the TRUMP ADMINISTRATION to reign in Spending

His followers are so stupid and gullible.
Definitely low on the food chain.



During the October December 2024 quarter, Treasury borrowed $620 billion.

More "whataboutism".

You are the King of Deflection.
That's why you have zero credibility here.

US Boosts Net Quarterly Borrowing Estimate to $514 Billion - Bloomberg


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oski003
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In reply to DiabloWags • 3:57p, 5/2/25
DiabloWags said:
oski003 said:
DiabloWags said:
EPIC FAIL by the TRUMP ADMINISTRATION to reign in Spending

His followers are so stupid and gullible.
Definitely low on the food chain.



During the October December 2024 quarter, Treasury borrowed $620 billion.

More "whataboutism".

You are the King of Deflection.
That's why you have zero credibility here.

US Boosts Net Quarterly Borrowing Estimate to $514 Billion - Bloomberg




For those who can't do basic math, 514 billion is less than 620 billion.
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Muckieeye
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In reply to oski003 • 4:05p, 5/2/25
That is not very relevant to the current admin, which has promised all long to decrease spending. Wasn't that the whole idea of DOGE?

So, bringing up Biden's final quarter is really just deflection and whataboutism - rhetorical tools used by people who either don't have a very good position, or aren't very smart.
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movielover
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In reply to Muckieeye • 4:54p, 5/2/25
Muckieeye said:
That is not very relevant to the current admin, which has promised all long to decrease spending. Wasn't that the whole idea of DOGE?

So, bringing up Biden's final quarter is really just deflection and whataboutism - rhetorical tools used by people who either don't have a very good position, or aren't very smart.


It may be a short-term move before new trade deals, tariffs, investments and GDP take off.
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Eastern Oregon Bear
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In reply to movielover • 5:51p, 5/2/25
movielover said:
Muckieeye said:
That is not very relevant to the current admin, which has promised all long to decrease spending. Wasn't that the whole idea of DOGE?

So, bringing up Biden's final quarter is really just deflection and whataboutism - rhetorical tools used by people who either don't have a very good position, or aren't very smart.


It may be a short-term move before new trade deals, tariffs, investments and GDP take off.
The word may does a lot more heavy lifting in your vocabulary than it does in 99% of the rest of the population.
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oski003
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In reply to Muckieeye • 5:58p, 5/2/25
Muckieeye said:
That is not very relevant to the current admin, which has promised all long to decrease spending. Wasn't that the whole idea of DOGE?

So, bringing up Biden's final quarter is really just deflection and whataboutism - rhetorical tools used by people who either don't have a very good position, or aren't very smart.


Welcome to Bear Insider. Let's look at the facts.

1) New president comes in promising to reduce spending and borrow less than previous administration.
2) New president gives aggressively low borrowing target.
3) For a variety of reasons, New president fails to meet his aggressive goal.

It is 100% relevant and logical to wonder if borrowing was reduced from where it was in the previous quarter. It was. Thanks.
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DiabloWags
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In reply to oski003 • 8:59p, 5/2/25
oski003 said:
DiabloWags said:
oski003 said:
DiabloWags said:
EPIC FAIL by the TRUMP ADMINISTRATION to reign in Spending

His followers are so stupid and gullible.
Definitely low on the food chain.



During the October December 2024 quarter, Treasury borrowed $620 billion.

More "whataboutism".

You are the King of Deflection.
That's why you have zero credibility here.

US Boosts Net Quarterly Borrowing Estimate to $514 Billion - Bloomberg




For those who can't do basic math, 514 billion is less than 620 billion.


For those that suffer from terribly poor reading comprehension and are unable to comprehend the point I made which was referenced by my Bloomberg link was that the Administration CHANGED THEIR FORECAST DRAMATICALLY ... in net borrowing for April through June, up from the $123 billion it had penciled in back in February.

In other words, Trump's Treasury Department was off by over 400%

Duh.

It's shocking how terribly poor the reading comprehension is of alleged Cal grads here.




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oski003
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In reply to DiabloWags • 9:45p, 5/2/25
DiabloWags said:
oski003 said:
DiabloWags said:
oski003 said:
DiabloWags said:
EPIC FAIL by the TRUMP ADMINISTRATION to reign in Spending

His followers are so stupid and gullible.
Definitely low on the food chain.



During the October December 2024 quarter, Treasury borrowed $620 billion.

More "whataboutism".

You are the King of Deflection.
That's why you have zero credibility here.

US Boosts Net Quarterly Borrowing Estimate to $514 Billion - Bloomberg




For those who can't do basic math, 514 billion is less than 620 billion.


For those that suffer from terribly poor reading comprehension and are unable to comprehend the point I made which was referenced by my Bloomberg link was that the Administration CHANGED THEIR FORECAST DRAMATICALLY ... in net borrowing for April through June, up from the $123 billion it had penciled in back in February.

In other words, Trump's Treasury Department was off by over 400%

Duh.

It's shocking how terribly poor the reading comprehension is of alleged Cal grads here.




1) New president comes in promising to reduce spending and borrow less than previous administration.
2) New president gives aggressively low borrowing target.
3) For a variety of reasons, New president fails to meet his aggressive goal.

It is 100% relevant and logical to wonder if borrowing was reduced from where it was in the previous quarter. It was.

Duh.
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DiabloWags
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In reply to oski003 • 10:01p, 5/2/25
It's funny that you think Donald Trump knows anything about the flows in and out of the U.S. Treasury Department.

Hysterical actually.
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movielover
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11:14p, 5/2/25
What will the recovered terabytes reveal? Do they have the manpower to even sift through it all?

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movielover
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11:20p, 5/2/25
My guess - no.

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oski003
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In reply to DiabloWags • 7:07a, 5/3/25
DiabloWags said:
It's funny that I am wrong, but I hate Trump so much I think I am right.

Hysterical actually.


Oh well. Thanks for finally admitting something.
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movielover
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In reply to movielover • 11:06a, 5/3/25
movielover said:
What will the recovered terabytes reveal? Do they have the manpower to even sift through it all?



There should be criminal charges, right? Deleting government property and information, as well as downloading it to external devices?
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movielover
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11:49a, 5/5/25
We knew it. Publicise all the names.

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