Relevant and even prescient commentary on news, politics and the economy.

DOGE layoffs hit, but still no significant change in initial or continuing jobless claims

– by New Deal democrat We continue our exercise in flying blind (into terrain?) as the government shutdown prevented the release of housing permits, starts, and construction this morning; and the Fed did not have the data necessary to update industrial production and capacity utilization. The only current information we have on the housing sector is […]

Waste, fraud and abuse, thy name is DOGE

So far, the only “efficiencies” realized by DOGE have been (1) keeping Elon Musk’s name and image in the news and (2) the systematic destruction of federal programs and the expertise to run them efficiently. Like Elon’s SpaceX rockets, his DOGE has mostly failed on the launch. “On the first day of his second term, […]

What waste, fraud and abuse?

These days, it’s fashionable for right-wing Republicans to accuse those who disagree with their extremism as being Marxists, socialists or communists. Of course, they are using these words as epithets, not based on their actual definition. Also, it’s fashionable for right-wing Republicans to claim they’re not cutting the federal budget, they’re only cutting waste, fraud […]

DOGE accounting

There’s no evidence that DOGE has saved any money so far: “Picking apart the “estimated savings” of $175 billion on the DOGE website, Tolan told me that less than half that figure is backed up with even the most basic documentation. That means it’s possible only even to start investigating about $32 billion of savings […]

Beginning of an exodus?

The training for an independent research career in the biomedical sciences entails a significant opportunity cost. It takes an average of about seven years from the bachelors degree to get the PhD, and then there are 2-5 years of postdoctoral training. Indeed, it’s common to do two postdocs to get diversified training. Those years could […]

Efficiency for thee but not for me

Elon Musk, as czar of DOGE, has been making deep cuts in federal programs that serve civilians. But what about that budgetary elephant in the room, the military. There must surely be waste, fraud and abuse in military spending that Musk’s tech bros can ferret out, right? “After misleading headlines suggested that its topline would […]

The end of IRS enforcement

Don’t like income taxes? Next year, don’t pay ‘em. Who’s gonna force you to? “DOGE is also in the process of essentially closing down the Tax Division at the Department of Justice. “Since the Tax Division is a statutory creation, it can’t literally be shuttered. As DOGE has done at numerous other offices and agencies, […]

Are we efficient yet?

Looks like DOGE is proving quite efficient at destroying government revenue sources. From Josh Marshall over at TPM: “The Post reports today that the IRS’s internal projections estimate that the DOGE-driven disruptions to the IRS since the inauguration are on track to have reduced tax receipts by more than $500 billion by April 15th. This, […]