This guy sounds a lot brighter than sock puppet Yellen. From Tyler Durden at zerohedge.com:
US Treasury Secretary Scott Bessent did the mainstream media press tour this weekend, clarifying two critical bullshit talking points to the propagandists: first, DOGE is doing a good job; and second, the US economy faces some significant headwinds as a hangover from ‘Bidenomics’ spendfest.
Speaking in a Feb. 28 interview on Bloomberg Podcasts, Bessent was asked whether DOGE’s cost-cutting measures would have a “material” impact on deficit reduction.
“I think we can make a pretty big hit here,” he replied, explaining that if DOGE identifies $300 billion in savings – which he suggested is possible – it could reduce the annual deficit by approximately 1 percentage point as a share of gross domestic product (GDP).
Even if the savings total only $150 billion, he said, this is still “moving us back toward the target, and we’re determined to get this down.”
As The Epoch Times’ Tom Ozimek reports, Bessent emphasized that DOGE, which was tasked by President Donald Trump with rooting out waste, fraud, and abuse in federal spending, has already uncovered substantial inefficiencies—and a surprising amount of outright fraud.
When in comes to “waste, fraud, and abuse, I think most of us think in terms of waste and abuse,” Bessent said.
“I’ve got to tell you that I’m slightly shocked at some of the fraud we’re finding, and you’re going to be hearing about more of that over the next couple of weeks.”
As for the ultimate savings that DOGE will deliver, Bessent said:
“We’ll see.”
LOL! Bolsheviki Enemedia is showing “protests” at the NOAA, the crowds are sparse now that USAID is shuttered.
I’d buy that for a dollar Newsweek is clutching pearls over only 51% approving of DJT/JDV actions, welcome to democracy comrade where that is a majority.
Breaking from Dead 60s:
Ghost Town (Specials Cover)