DOGE was a massive failure. It was run by arrogant people who didn’t think they needed to learn and understand the subject matter. DOGE misdiagnosed the problem. Fraud and waste isn’t the driver of the debt, legitimate payments to people for Medicaid, Medicare, and Social Security, and military spending, are the drivers. DOGE also broke the law. The executive cannot legally stop spending that has been passed by Congress and signed by a president.
DOGE did enduring harm to research. We lost valuable people who are hard to get back. The standing of the United States and its power to influence people through the State Department, Voice of America, Radio Free Europe, and foreign aid have been deeply damaged.
“Don’t be fooled: The debt explosion is not driven by waste, fraud, or foreign aid. Nor is it the result of a lack of revenue. It’s the direct result of reckless promises to retirees, the cost of health care, and an unwillingness to pay the bills honestly. For most of American history, debt fell when wars ended and peace returned. Since 1980, we’ve managed the opposite: peace without prudence and prosperity without restraint.”
Some leaders and elected representatives of the Tea Party really believed in their supposed motivations about government spending, debt, and pork. But for the most part, the Tea Party was a big, damn lie. If all those Tea Partiers really cared about such things, they would be protesting and organizing just as hard against Trump right now.
“President Donald Trump returned to the White House with a promise to slash spending by trillions of dollars and balance the federal budget.
But, as the first fiscal year of his second term came to a close, progress had not been made on either of those goals.
Despite the high-profile efforts of Trump’s Department of Government Efficiency (DOGE), the 2025 federal fiscal year ended with the federal government having spent more money than it did in the previous fiscal year, the Congressional Budget Office (CBO) reported
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The CBO’s end-of-year report helpfully spells out which parts of the federal budget saw the biggest year-over-year spending increases. Overwhelmingly, and unsurprisingly, the biggest increases were for the so-called entitlement programs: Social Security, Medicare, and Medicaid. For those three programs, spending increased by a combined $245 billion.
Other big spending increases were recorded by the Pentagon ($38 billion) and the Department of Veterans Affairs ($41 billion), where the increase was driven by the rising cost of health care facilities. Interest payments on the national debt rose by $80 billion compared to the previous fiscal year’s totals.
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the CBO’s report serves to underline the same fiscal reality that plagued the DOGE project: Cutting silly government contracts and foreign aid might be a worthwhile effort, but that won’t make a dent in the budget deficit. Any serious effort at fiscal reform has to focus on the areas of the budget that are growing year over year—which, realistically, means looking at entitlement programs.
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There are plenty of reasons to be skeptical that anything will change in the next three years. For one, Trump’s track record after nearly five years as president does not suggest he cares very much about actually cutting spending. The coming years will also bring greater headwinds to any attempts at reducing the deficit. That’s due in part to the expected increases in entitlement spending, as well as the fiscal effects of the One Big Beautiful Bill Act, which extended and expanded the 2017 tax cuts in ways that will likely add to the deficit.”
Tea partiers give Trump a higher proportion of their support than do non-tea party Republicans, but Trump has always had a significant amount of support from both. The tea party as a movement motivated by debt and government spending was a myth. Someone truly angry about debt and spending does not support Trump.
Long term bond yields rose after the Fed cut. This is the bond market signaling to the Fed that the interest rate cut was not needed and that they have less confidence that the U.S. will remain solvent in the long term. We should watch and see if this signal maintains over the weeks to come.
Trump administration making it easier for wealthy people to cheat on taxes. One of the simplest ways to bring in more revenue and help the deficit is to take in the taxes people actually owe. This requires enforcement and effort, but the Trump administration isn’t willing to keep doing that.
“Aside from his norm-breaking appeal, Milei’s approach is far different than Trump’s. Milei vowed free-market reforms to overturn decades of populist Perónism—a statist ideology that infected Argentina’s politics since Juan Domingo Perón won the presidency in 1946. His authoritarian approach has dominated the country’s politics for 80 years, with Milei beating Perónist opponents.
By contrast, Trump is overturning America’s historical embrace of free markets and free trade. He sets himself up as an all-powerful charismatic leader, inserts the feds deeply into the economy, and expands the reach of police and military forces. Like Perón, he’s doing it in the name of the “working class.” The U.S. Department of State once described Perónism as a “vague concept of social justice in some ways more akin to a religion than a political movement,” which sounds eerily like MAGA.
Perónism is more avowedly leftist than Trumpism, but MAGA’s “right-wing” policies sometimes seem indistinguishable from left-wing ones. Argentina’s populist movement has been successful at one thing: turning one of the world’s wealthiest countries into an impoverished basket case. Americans think of Argentina as a benighted third-world nation. But as economist Dan Mitchell explains, it was the 10th wealthiest nation in the world when Perón took over. It was often viewed as a European nation that happened to be in Latin America.
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On an unrelated note, Milei isn’t smitten by overseas authoritarians, unlike our president. Overall, Milei is using his power to loosen the government’s grip, whereas Trump—although he occasionally reduces regulations—is centralizing government power. The two men have bad hair and unpredictable temperaments, but beyond that the similarities dissipate quickly.”