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Memo To Musk & Ramaswamy: How To Cut $2 Trillion of Fat, Muscle And Bone, Part 2

Memo To Musk & Ramaswamy: How To Cut $2 Trillion of Fat, Muscle And Bone, Part 2

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david stockman
Nov 19, 2024
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David Stockmans Contra Corner
Memo To Musk & Ramaswamy: How To Cut $2 Trillion of Fat, Muscle And Bone, Part 2
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Under our three savings bucket scheme, “Slashing the Fat” would account for just $300 billion or 15% of DOGE’s $2 trillion per year savings target. Needless to say, however, even that small portion would be far easier said than done.

That’s because unlike the case of typical US businesses, where payroll costs can range from 15% to 40% of total costs, suc…

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