Joe Lonsdale, co-founder of Palantir, defended the Department of Government Efficiency's (DOGE) rapid approach to cutting government spending, arguing that a few mistakes are acceptable in the process. He praised DOGE's success in targeting wasteful spending and compared it to past efforts that lacked the technological expertise to penetrate bureaucratic roadblocks.
Investor and Palantir co-founder Joe Lonsdale defended the Department of Government Efficiency's ( DOGE ) rapid approach to overhauling government spending , asserting that a few errors are inevitable in the process. Lonsdale participated in an interview on CNBC's 'Squawk Box' on Wednesday, where he highlighted DOGE 's success in targeting wasteful or unnecessary government expenditures. He claimed, 'in 20 days, we’ve done what we couldn’t do in multiple generations.
' The entrepreneur suggested that previous attempts by lawmakers during the Reagan era to curb spending failed because they lacked the technological expertise of DOGE's personnel. 'and so when they went to the bureaucracy, and they asked questions, there’s so many ways of obscuring and blocking and deterring, and so what Elon did is he got root access, and he went to the tech systems themselves.'CNBC co-host Rebecca Quick cautioned that, while she supports eliminating waste in principle, programs like cancer payments and legitimate aid to those suffering from famine in Africa could be adversely affected by DOGE's efforts. DOGE SLASHES OVER $100M IN DEI FUNDING AT EDUCATION DEPARTMENT: 'WIN FOR EVERY STUDENT' 'I think the legitimate stuff needs to be turned back on,' Lonsdale conceded, but argued, 'I do think Africa can now pay for more of this themselves. South Africa is spending money suing Israel. They’re spending money supporting political parties calling for the death for White people. Maybe they should redirect that money to pay for their own clinics.' 'I just think there’s a question about how careful either Elon or others need to be,' co-host Andrew Sorkin responded. Another co-host of the show, Joe Kernen, retorted, 'Slash and burn a lot of this stuff.' Lonsdale countered, however, that changing times necessitate new strategies. 'Andrew, we've been careful for 50 years, right? You have a bunch of white flag Republicans, you have a bunch of people on the left making money off of it, people on the right making money off it too. Everyone wants to be careful and keep it going. You’re not going to get perfect answers in life. I think this is by far the best thing for our civilization is to very boldly confront this,' he stated. 'And this is more, I guess, of a tech world way than a D.C. way.'PALANTIR CEO TOUTS ELON MUSK'S DOGE, ABILITY TO HOLD ‘SACRED COW OF THE DEEP STATE’ ACCOUNTABLE 'You’re probably right that there are going to be some things that need to be turned back on. There’s going to be some things that were mislabeled that no one knew what they were. But it’s a mess. And so, it’s a mess. And it’s such a mess that I think being bold is the right answer. I get it’s going to have a few mistakes, but I’d rather have those few mistakes and fix it. He later appeared to reference Musk’s SpaceX ambitions and quipped, 'Being careful and slow isn’t how we get to Mars.' CLICK HERE TO GET THE FOX NEWS AP
Joe Lonsdale Palantir Department Of Government Efficiency DOGE Government Spending Elon Musk Waste Reduction Bureaucracy Technology Political Reform
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Palantir CEO Alex Karp calls DOGE a 'revolution,' welcomes disruptionBusiness Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know.
Read more »
Elon Musk's DOGE Recruits from Palantir and Online AI CirclesWIRED reveals that Elon Musk's Department of Government Efficiency (DOGE) recruited many young software engineers, some with ties to Palantir and its cofounder Peter Thiel. These engineers, with limited government experience, are gaining access to sensitive data across multiple agencies.
Read more »
Musk's DOGE Department Recruits from Palantir and AI CirclesElon Musk's Department of Government Efficiency (DOGE) employed a unique recruitment strategy, tapping into online platforms frequented by software engineers connected to Palantir, SpaceX, and military AI projects. This report examines the early networks and individuals involved in DOGE's formation, raising questions about the agency's mission and access to sensitive government data.
Read more »
Elon Musk's DOGE Recruits From Palantir Alumni and SpaceX InternsElon Musk's Department of Government Efficiency (DOGE) has been recruiting young software engineers, many with ties to Palantir or SpaceX, to help cut federal spending. The recruitment campaign has taken place in online chat groups and Discord servers.
Read more »
DOGE Restructuring Could Fuel Growth for Booz Allen and Palantir, Says Bank of AmericaBank of America analyst Mariana Perez Mora believes that the Department of Government Efficiency's (DOGE) efforts to restructure the federal government and cut spending could benefit defense contractor Booz Allen Hamilton and software company Palantir. The analyst argues that the market is overreacting to DOGE-related news and overlooking these companies' growth potential in mission-critical areas like defense IT modernization.
Read more »
Palantir's Rapid Growth and Soaring ValuationThis article explores Palantir, a data analytics and software company, its growth trajectory, key products, competitive advantages, and the concerns surrounding its valuation. It delves into Palantir's platforms, Gotham and Foundry, designed for government and commercial sectors respectively, highlighting their ability to manage large, complex data sets. The article also examines Palantir's competitive landscape, its strong ties to government agencies, and the factors driving its impressive revenue growth. It concludes by discussing the potential for a short squeeze and the risks associated with Palantir's high valuation.
Read more »