Source: EconLog
by Jon Murphy
“The Department of Government Efficiency (DOGE), the quasi-official advisory board led by Elon Musk to recommend workforce reductions and cost-savings in the Federal Government, has a laudable goal. There certainly is a lot of waste in the government. Fraud, too. There are probably many tasks that the Feds currently do that states or private entities could do better. Furthermore, without substantial changes, the Federal budget deficit is unsustainable. There is a lot of fat that must be trimmed from the Federal government budget. However, there is a right way and a wrong way to reduce budgets. When facing cuts, one wants to right the ship in the least painful manner. Indiscriminately cutting can make the situation worse.” (03/19/25)