Can DOGE cut $2 trillion?

Today, Explained

Vox

Daily News, Politics, News

4.4 • 9.5K Ratings

🗓️ 4 December 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Elon, Vivek, and the Department of Government Efficiency want to cut $2 trillion from the federal budget. A libertarian says the only way to do that is to eliminate aid programs altogether. This episode was produced by Haleema Shah, edited by Amina Al-Sadi, fact-checked by Kim Eggleston, engineered by Patrick Boyd and Rob Byers, and hosted by Sean Rameswaram. Transcript at vox.com/today-explained-podcast Support Today, Explained by becoming a Vox Member today: http://www.vox.com/members A photo illustration of Elon Musk's X account and a Dogecoin cryptocurrency. Photo by Jakub Porzycki/NurPhoto via Getty Images. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Elon Musk is a funny guy.
0:02.0	You can tell because his favorite cryptocurrency is based on a cute dog?
0:08.0	A Shiba Inu, which inspired the Doge meme, which inspired Dogecoin.
0:12.0	I'm sorry if I'm losing you. The point is it's Elon's Fave.
0:15.0	In 2021, he hosted Saturday Night Live and plugged it over and over.
0:19.0	And lately, prices have been soaring for cryptos like Bitcoin, Ethereum, especially Dogecoin.
0:24.6	Oh, right.
0:25.7	He also said he would fund a moon mission entirely with Dogecoin and incessantly tweeted
0:30.4	about the crypto.
0:31.1	And for a minute, Tesla was accepting Dogecoin.
0:33.9	In 2022, investors got tired of the antics and sued Elon Musk for manipulating the
0:39.0	price of the coin. They lost. Elon won and then Kamala lost. So Elon won again. And now our
0:45.0	future president has rewarded Musk's loyalty with an entire government agency named for his
0:51.1	favorite meme coin. And as you've probably heard, it's called the Department
0:55.2	of Government Efficiency or Doge on Today Explained. Support for Today Explain comes from WebRute.
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