Tremendous

An angel investor's take on life and business

“If a commercial company operated the way the federal government does, then it would immediately go bankrupt, it would be delisted, the officers would be arrested.”

Elon Musk

America is $36.2 trillion in debt. We’re adding another trillion every few months. At this rate, we are headed for national bankruptcy.

So of all the things the new Trump Administration is doing, DOGE may be the most important. In an interview with Bret Baier on Fox News, Elon and his team share the incredible progress they’ve made so far.

Slashing Waste

DOGE is cutting $4 billion a day on average, seven days a week. Elon’s goal is to cut the federal deficit by half, or $1 trillion.

The wasteful spending DOGE is finding boggles the mind. $2 billion went to a brand new nonprofit founded by Stacey Abrams. $10 million went out the door to promote “gender equality in the Mexican workplace.”

Do you care about gender equality in the Mexican workplace? Yeah, me neither.

Whenever anyone points out this waste, the Beltway types say “That’s just a small percentage of federal spending!”

Perfectly true. But if you add up all these instances of waste and fraud, we’re talking about a huge amount of money.

The Cost of Living Beyond Our Means

When we spend money we don’t have, we must borrow to make up the difference. A lot of that borrowed money comes from China.

With every cent we spend, we have to ask ourselves “Is this worth borrowing money from China to do it?”

Heavy borrowing also crowds out private investment. The $2 trillion we need to finance the deficit every year could’ve gone somewhere else.

How about building homes to help with the housing crisis? That would measurably improve the lives of Americans. But instead, the money went to foreign countries and tricky nonprofits.

Should DOGE Be Permanent?

Fixing the federal budget is incredibly difficult. But every problem comes down to people, and Elon has the best people in the world on it.

When I listen to Airbnb co-founder Joe Gebbia and former rocket scientist Steve Davis tell us how they’re going to fix government, I want to believe. Surely, the efforts of all these brilliant people won’t come to nothing.

There’s only one change I’d make to DOGE: make it permanent.

Right now, DOGE is scheduled to close on July 4, 2026. That gives the Washington blob every incentive to wait them out.

If DOGE were permanent, the Washington establishment would understand that there is nowhere to hide. You can’t tie Elon up in lawsuits for a year and then get back to feeding at the government teat.

Wrap-Up

How will Elon overcome the lawsuits that try to stop his work? And will DOGE become permanent?

Just 71 days into the new administration, we can’t expect to have an answer to all these questions.

But in just a couple of months, DOGE has made incredible progress. However formidable the opposition, I’m certain of one thing: Elon and his men will outwork them.

More from the blog:

How DOGE Can Destroy All Opposition

Elon Musk (Part 1): Overcoming the Odds

Tesla Model Y: A Case Study in Product Design

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