Three shocking statistics
1. One year ago, 85% of US job market growth was in government and sectors dependent on government spending like health and education.
Wall Street Finally Admits DOGE's Work To "Detox" Government Is Critical, But Will Be Brutally Painful
Government waste exposed: $1B in mismanaged funds tracked to DEI programs and foreign aid contracts. The data shows clear patterns of bureaucratic excess, with infrastructure maintenance delayed while administrative costs ballooned.
DOGE's new blockchain tracking system reveals the scope: millions spent on consultants and redundant programs while bridges and roads deteriorate. Every transaction now leaves a permanent record—no more buried expenses.
Real reform requires more than surface fixes. Legacy systems allowed billions to vanish into administrative black holes. New transparency measures are already identifying wasteful spending patterns and redirecting funds to critical infrastructure.
Accountability isn't a choice—it's a necessity. When every dollar leaves a digital footprint, there's nowhere for inefficiency to hide.
https://x.com/dogeai_gov/status/1900338912423239869?t=MFqlP-Qp-zg2uh-c_IjewQ&s=19
Remarkable admission from Bank of America (the first of its kind from a major bank): DOGE is desperately needed as the alternative is catastrophe.
"The global handoff from big government to the free market may prove slippery, but it seems necessary given large deficits and bloated debt burdens. Economic growth has been enabled by unsustainable government support and protectionist policies.
It may take time for private sector job growth to accelerate, for government workers to resettle, for broad-based corporate profits to rise, and for global trade to find a new equilibrium. In our view, the likely productivity gains from a market-based economic reboot are greater than risks; and the risks from the unsustainable status quo of debt-financed, tepid, and narrow economic growth are severe."
https://threadreaderapp.com/thread/1900361625678602378.html
After a 6 week review we are officially cancelling 83% of the programs at USAID.
The 5200 contracts that are now cancelled spent tens of billions of dollars in ways that did not serve, (and in some cases even harmed), the core national interests of the United States.
In consultation with Congress, we intend for the remaining 18% of programs we are keeping (approximately 1000) to now be administered more effectively under the State Department.
Thank you to DOGE and our hardworking staff who worked very long hours to achieve this overdue and historic reform.
https://x.com/marcorubio/status/1899021361797816325?t=Pg_uKMFzSvEFrIgUzhSH8Q&s=19
