🇺🇸 Treasury Secretary Scott Bessent Defends DOGE
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Episode Description
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Brief Summary
Elon Musk discusses the complexities of government spending and its long-term economic effects.
Key points
- Economic Perception Challenge. There's a significant gap in how people perceive government cuts versus their long-term benefits.
Transcript
25% of the gdp of the us pulsates through here pulsates every day and everybody wants to just skim a little i i said to elon and we were in a meeting and i said you know people are mad at you cuz you're moving their cheese and he it's not their cheese it's the american people's cheese 100% every dollar spent goes into someone's pocket and that person's going to fight tooth and nail to get that dollar to keep flowing into their pocket and then it takes a while for the flow of that money to find its way or those individuals to find their way back into the productive private economy that's where i think there's a big gap and a big challenge in
the perception of the actions that are going on with the changes right now is everyone sees the cuts but they don't see the benefits and that's 9 months 12 months 15 months down the road and that's a really hard thing to reconcile for most everyone's hearing cuts and they think they're government services that's right that's right and they're not i i keep saying it's the department of government efficiency not government extinction not government elimination
