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You are here: Home / Budget & Taxes / DOGE is the Theranos of Cost-Cutting

DOGE is the Theranos of Cost-Cutting

February 24, 2025 at 7:53 am EST By Taegan Goddard Leave a Comment

Paul Krugman: “It has always been a mistake to trust anyone promising to run the government like a business. Businesses and government agencies have very different objectives, and even genuinely great business leaders often have terrible ideas about policy…”

“Which brings me to DOGE — the Department of Government Efficiency — which acts like a federal agency although, legally, it isn’t; which is run by Elon Musk but claims that he isn’t in charge; and claims to have already saved taxpayers $55 billion, but has presented no evidence to back that claim.”

“What DOGE did do last week was present a list of claimed savings from canceled contracts. The total savings claimed didn’t come anywhere near $55 billion, but never mind. Several news organizations, including Bloomberg, the New York Times and the Wall Street Journal have gone through that DOGE list, and found that it’s a steaming pile of, um, DOGEshit.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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