I think Treasury Secretary Scott Bessent nailed it today when he described former President Joe Biden's economic agenda during his one term in office as "orgiastic government spending."
It seems that President Trump's goal is to reprivatize many federal government jobs via an in-depth multi-agency review of waste, fraud and abuse, along with a cost-cutting task, that was handed to the newly-created (temporary) Department of Government Efficiency (DOGE).
They have until July 4, 2026 to complete their assignment...so, we'll see how this impacts fiscal and monetary policies, as well as the overall health of the economy and national security issues by that deadline.
Real Clear Politics excerpt
